Mobility eases talent shortages

Global talent breeds innovation
By Stephen Cryne
|Canadian HR Reporter|Last Updated: 09/20/2010

During the recent recession, business and government leaders took their eyes off perhaps the biggest challenge facing the Canadian economy — an aging workforce.

Canada’s workforce is marching towards retirement. Over the next eight to 10 years, there will be a significant shortage of skilled workers.

“The global economy is approaching a demographic shock of a scale not observed since the Middle Ages,” says the World Economic Forum in its March 2010 report Stimulating Economies through Fostering Talent Mobility. “Governments, companies, international organizations and educators should collaborate on a systematic basis to address the talent shortages and encourage innovation through redesigned talent mobility.”