Call to think glob­ally

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COM­PA­NIES need to think and op­er­ate glob­ally to ad­dress in­creased un­em­ploy­ment world­wide, re­cruit­ment firm Hays says.

It has de­vel­oped a five-point plan for dis­cus­sion among world and busi­ness lead­ers in an­tic­i­pa­tion of how to em­ploy a dra­matic in­crease in the global work­ing pop­u­la­tion.

It be­lieves co-or­di­nated ac­tion is needed to avert fu­ture labour crises, with the work­ing-age pop­u­la­tion ex­pected to in­crease by more than a bil­lion peo­ple in the next 20 years.

It says all the growth will oc­cur in de­vel­op­ing economies while skill short­ages will con­tinue in de­vel­oped na­tions.

Chief ex­ec­u­tive Alis­tair Cox says the growth in the Chinese pop­u­la­tion is well un­der­stood but its work­ing pop­u­la­tion will plateau and de­cline, as will oc­cur in many west­ern coun­tries.

Yet it is not as un­der­stood that In­dia, Africa and South Amer­ica will have mil­lions of work­ing-age peo­ple who, at this stage, will not be mean­ing­fully em­ployed, he says. ‘‘That is a huge op­por­tu­nity if gov­ern­ments and busi­nesses get it right but a big so­cial prob­lem if we get it wrong,’’ he says.

‘‘Only by think­ing glob­ally can gov­ern­ments and com­pa­nies put in place the en­vi­ron­ment to . . . cre­ate the ba­sis for full em­ploy­ment and a sound global econ­omy.’’

Hays be­lieves na­tional borders should be kept open for skilled labour to move around among op­por­tu­ni­ties. The firm says an in­ter­na­tional code needs to be de­vel­oped to fa­cil­i­tate em­ployee mi­gra­tion and more in­vest­ment is re­quired in train­ing and ed­u­ca­tion.

Em­ploy­ment op­por­tu­ni­ties also need to be cre­ated in de­vel­op­ing coun­tries and more work is re­quired to re­tain older peo­ple, such as baby boomers, in the work­place.

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