NEW YORK, Sept. 20 /PRNewswire/ -- Access to sufficient quantities of
qualified workers is perhaps the single greatest challenge facing high
technology employers today. Demand for information technologists,
engineers, and other high technology workers remains strong. However, as a
result of fundamental demographic and geographic trends, supply is not
expanding rapidly enough to satisfy this demand.
KLG, a consultancy that specializes in corporate location strategy, has
released a new report that details how companies are using innovative
location strategies that rely on geographic diversification to successfully
respond to this challenge. This "Balanced Portfolio Approach" incorporates
the establishment of new, large-scale nearshore and offshore locations, as
well as specialized Centers of Excellence, to provide a powerful
competitive advantage by ensuring the required supply of employees with the
necessary skills, and sustainable cost savings.
Tremendous progress has been made in recent years by many companies
through the use of offshore markets in developing countries. However, in
many instances, the labor supply limits have been reached or exceeded and
the functions that can operate successfully in these markets are now there.
Establishing alternative domestic locations, "nearshoring", provides
increased access to new, large pools of high-quality talent, lower
competition to attract and retain this talent, and very significant cost
savings relative to core headquarters locations. Many companies are not yet
fully exploiting nearshore opportunities. Those that are have quickly
established a competitive advantage over competitors who have not.
Finally, companies across a broad range of industries are increasingly
finding themselves reliant on very specialized talent (e.g., mathematicians
or statisticians for risk management or simulation functions, highly
specialized computer scientists or engineers for product development or
research functions, etc.). Highly-focused Centers of Excellence,
strategically located, can provide a strong competitive advantage in
obtaining such workers by providing them with preferred lifestyle options
not available with other employers.
This report is available online at:
To receive further information or discuss the content of this report,
please contact KLG at 212-514-4600.
KLG is a management consultancy, established in 1993, providing
advisory services related to corporate location strategy. The firm's
location strategy practice is focused on helping companies leverage
geography to enhance fiscal and operational effectiveness and efficiency,
provide access to key resources and markets, increase security and
resiliency, and foster innovation and new opportunities.
To learn more about KLG, please visit our website at
KLG, 104 5th Ave., New York, NY 10011