Top 10 Most Useful Country Stats For International Recruiters (Part 2)

Interactive Business GraphIn the first part of this article we identified that globalization, domestic talent shortages, and the threat and potential of emerging economies are driving employers not only to hire more and more staff for international assignments, but to source talent from all over the world. Recruiters from both multinationals and ambitious small employers will need to be constantly developing their skills in international recruitment if they are to compete effectively in the international talent war.

As a result, international recruiters must have insight into the relevant international trends, which can both inform and enhance their hiring strategy. In part 1 of this article we outlined the top five most useful country stats for international recruiters, and below you can find the next five:

1.World’s fastest and slowest rising salaries by country. When advising your business or managers on where to source international talent for the best price, it makes sense to start with the countries reporting the lowest starting salaries. However, how can you be sure that a country with competitive salaries today won’t experience hyper salary inflation and actually have relatively high salaries in two, five or even 10 years time? To help keep a track of pay rises by country, I’d recommend that you monitor the annual Culpepper Salary Budget & Compensation Planning Survey, which reports on salary data for over 100 countries. It seems to be the best free survey of its kind.

2. Highest and lowest risk destinations. Another survey and set of statistics is the People Risk Index by Aon. It assesses 138 global destinations in terms of the risk; that is, the barriers that may be in place preventing you from effectively hiring talent.

3. The most expensive cities for expats. There are many surveys that talk about how expensive or economical a destination is, but many of them don’t distinguish between locals and expats. It’s important to be aware of this distinction, as countries that can be quite economical for locals can actually be especially expensive for expats. This is why it is important to review surveys that show the most and least expensive cities for expats when planning your international hiring initiative. The best survey I have found for this is the 2013 Cost of Living Rankings survey for mercer, which charts the costliest cities for expats.

4. Most in demand skills over the next five years by global location. International Recruiters also need to be able to put on their strategic hat and understand projected supply and demand for talent in various global destinations. One survey that provides some good data on future demand for talent is the Global Talent 2021 survey by Oxford Economics, which looks at the future supply and demand for talent in specified global regions across nine sectors. It shows forecast talent deficits and surpluses by location.

5. Most innovative locations. And last but not least, the most innovative locations. This is another great stat for international recruiters looking to hire innovative talent or looking to advise their business on where best to expand to ensure their innovative and creative business is welcomed. The Insead-Wipo-Cornell University has just completed its ranking of 142 countries on their innovation capabilitiesbased on the number of patents granted.

Top 10 Most Useful Country Stats for International Recruiters (Part 1)

Businessman Hand Working With New Modern ComputerGlobalization, national talent shortages, and the threat and potential of emerging economies are forcing businesses to become more global than ever. Several studies (including one from Towers Watson) predict that there will be increases in international assignments throughout 2014, and the main reason for this is business expansion overseas. This means we can expect to see increasing activity in the international sourcing arena as international recruiters look to place both expats and locals in offshore roles. Whether you are an aspiring or active international recruiter, it’s vital that you stay in touch with global HR trends if you are to be an effective international recruiter, and below I have outlined my “Top 10 Most Useful Country Stats for International Recruiters.”

1. Countries with the highest and lowest employee turnover. This is a very useful statistic that can show you how hard or easy it may be to both attract and retain talent within certain countries, helping you to plan your campaign more effectively. Kelly Global Services has just released its excellent2013 Employee Content Survey, which shows the 10 countries with the highest and lowest employee turnover.

2. Livability. Of course no one really knows what it’s like to live in a country until he or she actuallylives there. But, if international recruiters have a good grasp and understanding of the livability of particular destinations, they can: make more suitable choices for offshore location; make more informed and suitable hiring choices; and plan the talent attraction campaign more effectively. There are several studies out there that show livability by country, such as the Global Liveabilty Ranking and Report by the Economist Unit and the Mercer Quality of Living City World-wide Ranking.

3. Talent shortages by country. It’s important to know how hard or easy it may be to find talent in specific global destinations, and the Manpower Global Talent Shortage gives you an analysis of the top 10 skill/talent shortages for the key markets in the world where you might be looking to hire staff. This seems to be the best and most comprehensive free survey of its kind.

4. New untapped sources of IT talent. There is no doubt that one of the biggest drivers of offshore recruiting and expansion is the search for IT talent. There is a global shortage of IT talent; the most innovative recruiters should always strive to be ahead of the game and find the next goldmine for IT talent so your company can exploit it, before the rest of the world catches on. International recruiters might be interested in the Zinnov Next Frontier Cities for Technology Talentwhich identifies the next 40 cities outside of the usual suspects that are suitable for hiring technology talent. There are nine locations in North and South America, 12 in EMEA and 10 in APAC. This is required reading for international recruiters.

5. Countries with the most productive workforces. This is a tough one as it’s hard to measure productivity. Is it measured by the number of hours they work? Well, to a point, as studies show that generally productivity levels start to drop after 40 hour-work weeks; so, arguably, countries with workforces averaging 40 hours a week may be more productive than those averaging 37.5 working hours a week or 35 hours a week. A good study to look at is the OECD study of average working hoursfor European countries. This CNN Money article gives some insights into average working hours across the world as well.

If you found these statistics useful, stay tuned for the second part of this article, which will show the next five most useful stats for international recruiters.

Please Wait for Part 2….

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