US Faces Challenge From UK and China in Talent War, First Ever Global Talent Survey Reveals
LONDON, September 26 /PRNewswire-FirstCall/ — The USA’s status as the world’s biggest talent hotspot is under threat from the UK and China, according to the first ever Global Talent Index (GTI).
The US will maintain its position as the world’s leading country for nurturing and developing talent over the next five years, the Index developed by executive search firm Heidrick and Struggles and the Economist Intelligence Unit reveals. But it faces increasing competition from the UK, which rises to second place in by 2012, and China, which moves from eighth to sixth.
China is set to exploit its natural advantage as the world’s most populous country by significantly improving its compulsory education system and developing a much better environment for producing and nurturing talent. This will enable the country to build on its manufacturing base and attract increasing numbers of foreign-owned businesses.
Despite the strong performance of the US overall, its labor market is set to become less open and flexible over the next five years amid fears of terrorism. It will rank 9th worldwide on this measure -only one place above China.
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Just when you think recruiting good employment candidates is tough enough, now you have stiff competition from places like the U.K. And China. As the evolving nations continue to…well…evolve…Corra sees new challenges for HR recruiters within the United States.
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Check them out before you hire.