Global migration: #1 management challenge
Understandably, the foremost issue in the mind of most managers today is how to deal with the global recession. The focus, at least in the short term, is how to survive the downturn. This should be the time to be thinking about how to capitalise on the next upturn. Recessions do not last forever, and we'll no doubt get out of this rut. Which leads me to the point of this article. One significant management challenge in the coming decades is how we manage global talent flow.
Research by consultancy KPMG has argued that managers will need to be prepared for a completely new, international management environment over the coming decades as the flow of skilled and unskilled labour between the developing and developed economies increases.
This convergence, or a net flow of skilled and unskilled workers migrating between the developed and developing worlds, will mean companies will need completely to rethink how they manage their workforces, argued the author of the KPMG report.
Organisations are pretty unprepared for this. Global migration is a recent phoenomenon, driven by cheaper airfares, and Gen Xers who surf the net every day researching new destinations and sharing travel and OE stories. It seems to me that people will continue travelling despite environmental concerns. The only difference is that we seem to feel a bit more guilty about it. Somehow I don't think we'll see a drop in air travel figures anytime soon.
The successful organisations of the future will be highly innovative, truly order diflucan understanding how to harness diversity and capture talent from around the world. The offices of the future will have people speaking different languages dealing with clients and suppliers from around the world. The essential skill to have in that environment is the ability to understand and work with people from other cultures.