Web Talent Recruiting is Growing

The near total adoption of corporate website recruiting by the Global 500 group of companies indicates the Internet is the accepted medium in which to attract new talent.

With similar practices in evidence around the world, could corporate website recruiting be an early indicator of a coming global workforce? Trends in labor migration show an increased mobility in the global workforce. Approximately 175 million persons currently reside in a country other than where they were born, which is about three percent of world population, and double the number since 1970.2

The acceleration of regional economic integration in the past two decades has had a profound impact on the global flow of human capital. The most extensive regional economic integration has been in Europe, where the European Union has been a zone of free movement for EU nationals since 1998. Increasing industrialization in Southeast Asia also has lead to rising levels of migration of skilled talent. The flow of talent is occurring primarily within a regional economic context, and increasingly will become intra-regional, on its way to a true global workforce.

This is very important. It points to the rapid growth of a truly global workforce. What happens to local labor markets in the face of these trends? That is an important question for economic developers and workforce developers to consider NOW!

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