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SOURCE The Conference Board
New Report Explores How Three Nations Are Rethinking the Way They Measure, Manage, and Market their Greatest Resource
NEW YORK, Oct. 8, 2013 /PRNewswire/ -- The Conference Board today published Addressing National Talent Shortages: What Countries Are Doing, What Companies Can Learn, a study of innovative efforts governments are making to shape workforces adapted to the national needs and global markets of the twenty-first century. The report offers the first in-depth examination of three programs with the potential to become international models: Canada's Forum for International Trade Training (FITT), India's National Skill Development Corporation (NSDC), and Singapore's Ministry of Manpower (MOM).
Though conceived with goals, mandates, and budgets as different as the countries themselves, all three programs embrace-and advance-the cutting edge in human capital thinking. Technologically, they use "big data" aggregation to zero in on the sectors, jobs, and specific skills where demand outstrips supply, now and in the future. They bolster the rigor of their findings and reach of their interventions through strategic incentives, metrics, and communications. And because even "big data" is only as useful as its taxonomy and presentation, they continuously incorporate feedback from stakeholders in business, labor, education, and every level of government.
"In recent years, The Conference Board has helped lead the business conversation on Strategic Workforce Planning (SWP)," said Mary Young, Principal Research, Human Capital and author of the report. "These countries are at the leading edge, deploying SWP to achieve their national economic agenda in much the same way that companies use SWP to execute their business strategy. Governments don't call it SWP, but the objective of aligning human resources with organizational priorities is the same, and the stakes are even higher. The three case studies we looked at-a tiny, wealthy city-state; an established medium-sized player rich in resources; and a developing power with near-unlimited human potential-offer lessons not only for other nations, but also leading companies around the globe."
Young was afforded wide access to the programs in India, Canada, and Singapore. Addressing National Talent Shortages reveals their foundations, agendas, and broader relevance from the inside.
Starting from Scratch: India's National Skill Development Corporation
Specific Problem, Surgical Response: Canada's Forum for International Trade Training
Total Vertical Integration: Singapore's Ministry of Manpower
For the full report:
Addressing National Talent Shortages: What Countries Are Doing, What Companies Can Learn
by Mary Young (R-1521-13-RR, September 2013)
About the Conference Board
The Conference Board is a global, independent business membership and research association working in the public interest. Our mission is unique: To provide the world's leading organizations with the practical knowledge they need to improve their performance and better serve society. The Conference Board is a non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. www.conference-board.org
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