Education is Key in Global Hunt for Talent

Educational institutions, governments and emerging market groups should partner to create a more prepared global workforce, a Financial Times blog says. The blog cites a McKinsey Global Institute study showing that by the year 2020, employers could face a shortage of up to 13 percent of the highly-skilled workers they need. 

"The new skills that today’s organizations require of their employees are, largely, not being taught by educational institutions," author NV ‘Tiger’ Tyagarajan of Genpact writes. "An illustrative point: many organizations spend as much money training university graduates as they would on people without a university degree. In effect, they operate their own universities. As a result, emerging market organizations must work with educational institutions and governments across the globe to ensure that relevant content is included in curriculums that help to create worldwide talent supply chains." 

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