This paper focuses on the current skills shortages across the Asia Pacific Region from work-ready Graduate intake to Talent within companies and the ongoing development of Managers and the Future Leadership pipeline. There is no doubt that the continuing economic growth, the accelerating need for Talented Managers and Teams within organisations (e.g. China's biggest stated talent gap) and a more globalised workplace are factors that should make this Region buoyant with Talent. There is no doubt that there are academically sound potential employees but the biggest gap evident is the crucial difference between academic know how and intelligence with the practical know how and common sense often needed in today's diverse workplace. Its open for debate! please read the paper and let me know your thoughts. Please fill out a contact form if you would like to download this paper.
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The Asian Talent Crunch - The Current Skills Shortages in Asia
1. Skills Shortages in the Asian Workplace –
Challenges and Solutions
Authored by:
Mr Jeremy BLAIN
Regional Managing Director, Cegos Asia Pacific
December 2013
2. Contents
Executive Summary
2
1.
Introduction – Today’s Skills Shortages in Asia
2
2.
The Roots of the Shortages
2.1 A Global Problem
2.2 A Failure of Education?
2.3 A Region That Has Grown Too Fast
2.4 Demographic Factors
2.5 Tight Labour Laws
2.6 Skills Migration
4
3.
The Areas of Shortage
3.1 Technical Competencies/Hard Skills
3.2 Soft Skills
3.3 Managing Skills – Plugging the Generation X Skills Gap
7
4.
The Impact
4.1 The Future Growth & Competitiveness of Asian Businesses
4.2 Rising Salaries & Employee Turnover
4.3 The Importing & Exporting of Talent
4.4 The Growth in Youth Unemployment
9
5.
Workforce Readiness – Preparing People for the Workforce
5.1 Partnering with Local Education Institutions
5.2 Improving the Education Sector
5.3 The Importance of Vocational Skills
5.4 Collaboration between Government & Industry
5.5 Partnering with Local Companies
11
6.
Up-Skilling the Workforce
6.1 The Importance of Graduate Development
6.2 The Importance of Soft Skills
6.3 Refocusing Talent Management Strategies
14
7.
The Crucial Role of L&D
7.1 The Growing Role of Technology
7.2 Coaching & Mentoring
7.3 Blended Learning & the Importance of Integration
7.4 The Level of Take-Up
16
8.
The Cross-Generational Challenge
18
9.
A Call for Action
19
10.
Final Thoughts
20
11.
References
21
12.
About Cegos Group
22
13.
About Jeremy Blain
23
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