The Hindu Business Line : Indian talent in demand; seen as competitive threat

India closely follows China among the most popular countries for sourcing foreign talent, according to a Manpower Inc survey titled ‘Borderless Workforce’.

Incidentally, India ranks third in the list of top ten countries believed to be an economic threat to other nations. Of the 26 countries surveyed, all countries with the exception of Costa Rica and Peru believe that India provides competitive threat to their own country’s ability to compete economically

Migration fears

The survey also highlights that 57 per cent of employers are concerned about the impact on labour market from talent migrating abroad. The findings reveal that only 21 per cent of employers in India think Government and businesses are doing enough to slow the outward migration of talent and attract these people back to India.

The survey gathered responses from 1924 respondents in India and 28,000 globally in 27 individual countries and territories.

Employers in public administration/education, services, finance, insurance and real estate and manufacturing are the most concerned, while employers in wholesale and retail, transport and utilities and mining, oil, gas and construction are least concerned.

The survey also indicated that employers in India consider China, United States and United Kingdom as the biggest threats to their ability to compete economically.

“While it’s true that we need to do more to keep our most talented workers, we must also consider how we can strengthen our collective employer ‘brand’ to attract more talented workers from overseas to fill our current and future talent shortages,” Dr Naresh Malhan, MD, Director Manpower India said.

Taiwan most concerned

Within Asia Pacific, Taiwan has maximum percentage of employers (64 per cent) who express concern about talent leaving their country; the least concerned are employers in China (one per cent).

The survey also indicates that India ( $27 billion ) receives the highest remittances from nationals working abroad.

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