Industryweek 2197 14352attractemployees
Industryweek 2197 14352attractemployees
Industryweek 2197 14352attractemployees
Industryweek 2197 14352attractemployees
Industryweek 2197 14352attractemployees

CEOs Go Global For Talent

June 7, 2007
Companies looking overseas for skilled employees.

More companies are tapping into overseas talent to deal with a lack of qualified workers in North America, according to a Deloitte & Touche LLP survey. The firm's Technology Fast 500 CEO survey shows 55% of CEOs plan to offshore talent in the next five years. Thirty percent of respondents also say by 2012 they plan to offshore up to 10% of their workforce, while 27% say they'll offshore up to 20%. Less than one-fourth of respondents (20%) plan to offshore up to 30% of their workers, and 15% expect to offshore up to 40% of their workforce.

The trend coincides with a struggle to find skilled workers. Nearly half of those surveyed (48%) say locating and retaining qualified employees is the greatest operational challenge they face, up from 41% in 2006.

"When it comes to talent, supply and demand are out of balance, making employees more like consumers," notes Jeff Alderton, a principal of Deloitte Consulting. "And like consumers, if employees with those in-demand skills sets are not receiving the satisfaction they seek from their workplace, they will find it elsewhere -- with the competition. This will put an even greater strain on employers for available talent."

Nearly two-thirds of employers say they're offering stock options as an incentive to attract and retain workers, while more than half are providing flexible work hours, according to the report.

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!