CIO Magazine says that 51% of CIO's worry about their ability to hire adequate talent for their needs. Any firm looking to hire accounting, engineering or other skilled staff is struggling to find people with adequate skills for their needs.
Here are two things, courtesy of the December 10, 2007 issue of Fortune that:
1. According to HCL Technologies, their best young workers now want domestic assignments, instead of overseas (read that as US) work. This is the opposite of what was demanded two to three years ago.
2. The European Union has drafted new rules to remove restrictions that kept skilled foreign workers out of the EU, offering them two year renewable permits to live there.
3. King Abdullah of Saudia Arabia is building a new graduate research center for $12 billionand will endow it with $10 billion. That endowment is as large as MIT has built in 142 years of operation and they will have it on their first day.
I remember a time when every foreign worker wanted to come to the US because we had great work and financial opportunity. Years of treating H-1b workers worse than the dirt in your toe nails, paying them less and restricting their ability to change jobs until recently, years of not so subtle racism in the labor force against foreign workers (Indian, Chinese, Russian, Pakistani and others) in hiring practices and wage scales using the excuse of the cost of the visa transfer (ridiculously cheap), coupled with our currency devaluation this year and the persistent threat of terrorism, has made working in the US far less desirable, even if they can get in.
The talent you want to hire does not need to work for you any more. They have other choices in the US and certainly abroad. A few months ago, I wrote about the number of workers on H-1b visas starting to return home, frustrated by slow INS processing and other reasons.
What can you do to make your firm an employer of choice in a competitive playing field?
Jeff Altman
The Big Game Hunter
Concepts in Staffing
thebiggamehunter@cisny.com
© 2007 all rights reserved.
Jeff Altman, The Big Game Hunter, is Managing Director with Concepts in Staffing, a New York search firm, He has successfully assisted many corporations identify management leaders and staff in many disciplines since 1971. He is a retired certified leader of the ManKind Project, a not for profit organization that assists men with life issues, and a practicing psychotherapist.
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