Yes, global economic and labor market growth is expected to remain subdued in 2013, and we can already see this trend unfolding. However, accelerated growth in 2014 and 2015, driven largely by emerging markets is still looking likely.
This pattern of increasing growth in emerging economies alongside moderate to low growth in many mature economies is impacting the labor market considerably. Not the least of these impacts is the demand for increasing flexibility in work assignments.
For many reasons, the world’s diverse economic and labor market conditions are giving rise to a more mobile workforce, as more countries, businesses, and individuals are looking beyond borders for jobs. And, it's clear that the APAC region will be at the heart of this trend for the foreseeable future.
Although some APAC labor markets are feeling the dampening effects of an uncertain economic environment, unemployment rates are low throughout most of the region and demand for workers is accelerating.
Global worker mobility has already become one of the more complex and complicated issues facing countries and businesses today. The disparity in jobs growth across regions is only going to increase that complexity as workers move across borders and regions to find work.
Many countries are looking at immigration as a way to bridge critical skills gaps in their workforces. And, more organizations are turning to global mobility strategies to address the changing business environment, the diverse needs of their employees, and to reach their operational goals.
For more information on these and other economic and labor market trends that are shaping workforce strategies, download the latest Global Talent Market Quarterly from Kelly Services here.