Deloitte: Brain Drain a Headache for Employers Worldwide

Lucas Gilmore, “Big 4″ observer
December 17, 2010 /

Contrary to expectations of most business executives worldwide to see a surplus of talent and skills, Deloitte found that brain drain has made it to the top of problems facing organizations, according to its Talent Edge 2020 survey.

The survey, which was also released by Forbes Insights, showed that four out of ten employers in USA and other areas around the globe are having trouble filling in the brain drain in their manpower caused in large part by high unemployment rates, in contrast to what they would have wanted to see.

The respondents said brain drain was at the top of their concerns these days, the report noted.

The rest of the respondents said they would divert their efforts towards addressing the brain drain concerns, with 80 percent admitting their recruitment strategies would need to be improved and 65 and 64 percent saying they would focus more on global diversity management and global mobility, respectively, starting 2011.

Deloitte Consulting LLP’s principal at its human capital practice division Jeff Schwartz, who is also the global and US leader of the firm’s talent services, described the brain drain issue as “an unexpected talent paradox,” referring to efforts of global and American organizations to fill in the gaps in their talents created by this global brain drain.

 

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