Global Talent Market Quarterly - Q2 2019

Global GDP growth is forecast to slow in 2019, reflecting cooler economic trends in nearly every major economy. Key risks and headwinds include the US’ ongoing trade and tariff wars with China, as well as with Mexico and Canada, and European political issues, including the prolonged Brexit process. Global economic tensions are beginning to spill into labour markets, although many remain historically tight.

As the world of work continues to evolve, the need to acquire and sharpen skills is becoming even more paramount to success. Learning was ranked as the top talent issue facing organizations today, but implementation of training and development activities in the workplace is fairly low.

Blockchain is a pervasive buzzword these days, but data suggests that the US may be behind other countries in its blockchain investments. Likewise, the staffing and recruiting field is in the very early stages of exploring the uses of blockchain technologies.