SOURCE NEXT GENERATION TALENT
Employers are awakening to the alarming realization that significant demographic, economic, sociopolitical, and technological changes are dramatically altering the workforce. Changes in birthrates, retirement trends, and job requirements are reducing the size of the workforce. At the same time easing trade barriers, communications advances, and the knowledge economy are producing a highly global, diverse and virtual workforce. Changed employment contracts are giving rise to the most autonomous and empowered group of workers ever. These changes are dramatic, and they’re a reality many employers have to face. As the next-generation engineering workforce takes hold organizations must prepare to embrace predictive workforce monitoring and strategic talent decision-making for effective growth . Fundamental changes that have taken place in engineering in particular include:
- Emergence of digital technology infrastructure that has systematically reduced barriers to labor participation and movement.
- Increased flows of knowledge workers, capital, and talent
- Amplifiers of these flows.
The "baby boomer" generation is approaching retirement but the younger generation is too small and inexperienced to fill the gaps. Advanced economies are looking to outsource engineering services or actively attracting engineers and scientists from other countries giving rise to a new trend: the global sourcing of science and engineering talent. Technological change is becoming overwhelming giving rise to new realities:
| Old Reality | New Reality |
| Recruit from traditional sources. | Look at diverse pools of talent, training and development. |
| People accept offers. | Knowledge workers demand much more. |
| Recruit to fill vacant positions. | Hunt for talent proactively and plan ahead |
For next generation talent sourcing and development, organizations need to practice predictive workforce monitoring, to anticipate future talent needs and have sufficient lead time to act on the opportunities and challenges monitoring detects. To accomplish this, organizations must employ a variety of information technologies and integrated workforce planning and development. Our on-line managed platform integrating engineering talent sourcing, management and development provides an end-to-end proactive, recruitment, on-boarding and training, self learning and employee engagement model. We achieve this goal using structured data mining and knowledge discovery efficiently and in real-time.