A changing job world

Published: 05th August 2013 12:00 AM  |   Last Updated: 02nd August 2013 03:03 PM   |  A+A-

In today’s integrated world, advanced technologies and global workforces have resulted in a gradual shift in preferred global job destinations. Inter-connected economies have led to a spurt in global trade and transnational capital flows. The migration of young professionals seeking professional opportunities at a hitherto unseen scale is a byproduct of this shift and has led to an expansion of the global job market. As the war for talent has intensified, the demand for high-quality management professionals with a global mind-set, ability to adapt to a dynamic marketplace and take swift business decisions has been seeing an upward swing.

New avenues

Over the recent years, the conventional job hubs such as the United States, the United Kingdom and few parts of Europe have lost their halo. The global economic meltdown, an emphasis on hiring their own brethren and a stricter passage to enter these markets have driven away many foreign job aspirants. Asia Pacific, West Asia and Africa are fast becoming the nerve centres for increased economic activity. Increasingly, countries like Thailand, Vietnam, Indonesia and Africa are emerging as hotspots for job opportunities. With new industries and sectors opening in these countries, companies are scouting for skilled and educated talent at entry and mid-professional levels beyond their base locations. Against this background, companies operating in these regions are attracting top talent.

Specialised markets

India and China have enjoyed the epithet of ‘regional superpowers’ for some time now. High economic growth rates have lured many global MNCs to set up their base in these regions. The other end of the spectrum has highly specialised markets such as Singapore, Hong Kong and certain parts of Asia Pacific. Smaller economies but greater specialisation has translated into a regular but small demand for management professionals in finance sector and special roles like marketing and consulting. Meanwhile, West Asia is a highly investment-oriented market and while the companies present there absorb MBA professionals, the demand has somewhat plateaued.

Like with any trend, the ‘early adopters’ are relishing the perks of their new found opportunities while many are still playing a ‘wait and watch’ game.

(The author is Senior Director, Careers, Admissions and Financial Aid, Indian School of Business.)


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp