IXPA Global Executive Solutions’ Post

Reflections on Globalization in the Job Market: 🌐 Pro: Access to global talents and shared economic growth. Collaboration beyond borders can lead to increased opportunities and the sharing of specialized skills. Con: Inequalities and loss of local jobs. The dark side of globalization is evident with accentuated economic disparities and local workers facing the threat of outsourcing. The challenge lies in balancing global progress and safeguarding local communities. We must aim for responsible globalization that values workers, promotes economic sustainability, and reduces disparities. 💼🌍 #Globalization #JobMarket #CriticalReflections #GlobalTalents #EconomicGrowth #Inequalities #Outsourcing #EconomicSustainability #GlobalBalance #LocalJobs #GlobalCollaboration #GlobalOpportunities #SpecializedSkills #ReducingDisparities #GlobalResponsibility #EconomicProgress #LocalCommunities #ResponsibleGlobalization #FairEmployment #OpenToWork #GlobalChallenges #LinkedIn

The massive unchecked migration wave to west was/ is because of 3 reasons. 1. Get young people who can contribute to the ageing western society and can contribute to the taxes system which will otherwise go bancrupt due to less accruals and more withdrawals 2. Boost the productivity of economy. 3. This is the reason you see in snippet below.. fatten the corporate profitability by bringing down the cost. 20 years back they could have easily offshored it to China but now times have changed .. offshoring is not politically acceptable .. corporate board members don’t want negative .. OK .. then allow us to hire slaves here and we will not offshore any more. Now the “immigration” related boom has backfired in western world… expect rising corporate costs .. lower profitability. .. including that of Yoga pants.

The Australian market is locked in a high-stakes search for talent! A new report from G-P uncovers that 75% of Aussie top-tier execs are facing challenges in securing domestic talent, prompting exploration of global opportunities. The IT sector specifically will need an extra 600k recruits by 2030. “Significant talent shortages have impacted the Australian workforce in several sectors, including IT, construction, healthcare and more. This requires employers to take strategic actions to attract and retain the talent at risk of leaving in favour of global opportunities. These measures include enhancing compensation packages, expanding their global recruitment reach and investing in upskilling initiatives,” said Charles H. Ferguson 方臣汉, General Manager at G-P Asia Pacific. Would you be thrilled to work for an international company? Almost 8 in 10 Aussies are actively seeking such opportunities! Check out our latest blog to find why people are drawn to global corporations and how local businesses can leverage this talent rush! 👇 https://lnkd.in/ea9hNTZH #GlobalWorkforce #Australia #TalentRace #ITJobs #GlobalizationPartners #GlobalGrowth #Leadership #AIIntegration #EmployeeOpportunities #UpskillingInitiatives

💡Did you know…? Digital services export sectors in the UK employ ~3.2 million workers👷 Take a deep dive into Digital Trade + Labour Markets in the UK to discover how the country can continue to promote the growth of digital trade and encourage its positive impact on the domestic job market.   Key takeaways: 1️⃣ The United Kingdom economy relies on services more than most of its peers. The contribution of services to exports, value added, and employment is one of the highest amongst OECD countries. 2️⃣ Services jobs are of pivotal importance to women. In 2018, women made up 43% of UK employment in business services, nearly 7.3 million employees. 3️⃣ Strong growth of employment in digital services generates multiplier effects benefitting local economies in the United Kingdom. The results of the analysis imply that each additional digital services job creates around 0.3 jobs in the local non-tradable sector.   Explore key policy recommendations➡ https://lnkd.in/etqqXU4r

Economic sentiment, employment expectations for eurozone and EU improve in August The economic outlook in the EU and eurozone improved in August on stronger industry confidence and brighter employment expectations. #ICIS #Eurozone #EU #economy https://lnkd.in/g2dmr_eX

How to encourage Investors ? If talents often migrate to Europe and America mainly due to dual citizenship. Hence there is a huge shortage of skilled talents for top and middle class management. The economy of the country is not stable since last few years, dependence on imported raw materials, high interest rates of banks, supply chain cost is all-time higher and decline in purchasing power of customers due to which industries are facing very bad times nowadays. As a result of uncontrolled FX, the assets of all the companies are getting devalued in FC term (Because Investment in FC term) and the worst thing is that the companies are running in operational losses. Most of the MNCs have already shut down operations and many others are thinking of doing so, but some companies are looking towards the future gain are also discouraged by the sudden move of government policy which is not favorable for an businessmen or investor The policy implemented in this entire scenario will further increase the planned deficit in the future. I personally do not think that without paying attention to all those points, an environment in favor of any investment can be created.

According to the International Labour Organization (ILO), as of 2024, the global unemployment rate is projected to be 5%. I believe the world is not suffering from a lack of employment opportunities but rather from a lack of equal opportunity. While jobs are available, disparities in access to these opportunities create significant barriers. Addressing these disparities involves tackling issues such as geographic and educational inequalities, discrimination, and systemic biases to ensure that everyone has a fair chance to succeed.

Hello Folks, In New Zealand, vacancies are declining, job creation has slowed but the labour market is slowly softening. The macroeconomy is facing a structural deficit. Meanwhile #Canada and #Australia is experiencing enviable economic recovery. Meanwhile these cycles are cyclical and the length of each cycle is uncertain. What is certain is potential recovery. Find opportunities in these potential areas by looking into sub-sectors, region or country where you can work in areas that you are passionate about. Be open-minded. link: https://lnkd.in/gjd2Djzp

Joblessness and the jobs gap have both fallen below pre-pandemic levels, according to the latest employment update from International Labour Organization. Yet, global unemployment will rise in 2024; and growing inequalities and stagnant productivity are causes for concern. More in the 2024 World Employment and Social Outlook report: https://ow.ly/GWoC50QpjSt

ENTREPRENEURSHIP AS SOLUTION TO UNEMPLOYMENT Entrepreneurship converts Job Seakers to Job Creators. Let’s help Youth in capturing Business Ideas & Opportunities by Mentoring & Skilling. It will support Innovation, Talent , Technology, Supply Chain, Local Resources Use & create Resilient capacity for Inclusive Growth, Prosperity & Sustainability.