people &
change
skills set
The grass is
always greener
While some markets suffer skills shortages,
36
others are crying surplus, and people on both
sides of the fence are moving accordingly. The
migration of skilled professionals remains a hot
topic for multinational firms the world over. But
what does it mean for the countries involved?
The concept of “brain drain” is not new. Wherever the economies such as india and China continue to look to devel-
opportunity has arisen, skilled workers from around the world oped countries like the Us, Uk and within europe for work,
– from doctors and nurses to engineers and architects – have the picture at home is proving to be increasingly attractive. At
looked to foreign shores for a better life, greater job security the same time, multinational corporations are establishing
or even just a taste of adventure. And, as one country loses themselves in these markets instead of bringing talent home.
this talent, the country of destination enjoys “brain gain” and And they are attracting local talent through competitive sala-
all the benefits that entails: a broad and deep talent pool, ries, greater training options and the prospect of an even
greater innovation and improved global networks. wider employment experience.
in some countries, such as india, “brain circu- Nonetheless, questions remain: What
lation” has been a feature of the employ- does all of this mean for the ongoing
ment landscape, long before the market migration of skilled workers? What
opened in the nineties, with skilled tal- impact is it having on local econo-
ent coming and going both within the mies? And where do the least devel-
country and beyond its borders. oped countries fit into this picture?
today, however, change is in the We asked experts from around
air. While talent from developing the world for their views.
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