BPS World: US in Danger of Losing out to China and India....

As research predicts that 40% of the world's graduates will be taken by China and India by 2020 a new report helps US employers who are facing stiff competition for talented graduates

18 May, 2016, 08:30 ET from BPS World

LONDON, May 18, 2016 /PRNewswire/ --

A new report by global resourcing experts BPS World shines a spotlight on how young professionals are going global in their search for work. Planet Talent - The essential guide to global recruitment brings together existing research that shows that businesses across the globe will face strong competition for top talent, particularly from China and India, and advises employers on how to manage the challenge.

The USA last year experienced the biggest rise in the number of international students for 35 years[1], while the number of American students studying abroad has more than tripled in the last two decades. The USA hosts more globally mobile college and university students than any other country in the world, yet the research highlights why US corporations cannot afford to be complacent about recruiting and retaining talented young people. Planet Talent also includes advice for companies to help them compete for talent on the international stage.

Simon Conington, MD and founder of BPS World who published the report explained: "US corporations will not necessarily have their pick of international talent to fill vacancies. With global labor supply exploding, and emerging economies taking off we know that young professionals have far more options when it comes to their career choice, and where they base themselves - they are truly mobile in their approach to work. Consequently highly educated millennials are flooding every market, and businesses must be well positioned to attract and compete for the best people."  

Daniel Emerson, EMEA Head of Talent Acquisition for SAP Concur, a provider of spend management solutions, commented: "This is a huge issue and it is no surprise that many companies, even large companies, struggle to manage it internally. This guide is the first time, to my knowledge, that the challenges have been set out.  It also provides an essential check list for any organisation trying to manage this for themselves."

1. Open Doors Report on International Educational Exchange 2015  

Planet Talent - The essential guide to global recruitment is available free to download from http://info.bps-world.com/planettalent.  

 

SOURCE BPS World