Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Get ready for talent race in Qatar: KPMG  Join our daily free Newsletter

MENAFN - The Peninsula - 08/05/2014
No. of Ratings : 0
Add to Mixx!

(MENAFN - The Peninsula) Qatar needs to gear up itself to win tomorrow's 'race for talent'. The war for talent is on and it's only going to get fierce in the coming years, three top global experts said yesterday.

Growing global competition, changing demographics and persistent 'geographic mismatches' make it important for an emerging economy like Qatar to attract and retain talent. Emergence of new markets and expansion of workforces to these markets exacerbate the situation.

KPMG's Global Head of People and Change, Mark Spears; Global Advisory Leader for Energy and Natural Resources Hilda Mulock Houwer; and Leader, Global HR Transformation Centre of Excellence Robert Bolton, were talking to The Peninsula after meeting their key clients, including major energy companies, in Qatar yesterday.

Mark said talent managers need to be holistic in their approach and to look for ways to make the organisation unique. They must address a much broader array of talent risks. He wanted young Qataris need to be encouraged to move into industries where there will be a future skills gap.

There is soon going to be a huge shortage of skills and experiences in the energy and natural resources sector as the experienced older generation retire and fewer young people will be eligible to enter in this field.

The oil and gas companies in the Middle East are expected toface a renewed competition in attracting talents and retain them. While tax breaks are certainly a lure, recruitment competition from more developed countries may mean that Qatar is not a first choice of destination for highly skilled people to relocate.

On the need for Qatar repositioning itself to the changing environs Mark said: " I do not ask the companies to jump into the bandwagon in a hurry. The important thing is that the organisations should start with their business objectives and identify the issues that might meet their targets"

The organisations that increase their investment in human capital must analyse whether it is really paying off, Mark said.

Hilda explained: "There is a massive skill shortage in the global oil and gas industry. A tax-free package offer is not merely enough to attract talent to the region. In the oil and gas industry, an estimated 50 percent of the workforce will be retiring in the next few years. The other 50 percent falls under-40 age. You got a huge gap to fill. The enormous development in the US energy sector exacerbates the situation," she noted.

Organisations in Qatar need to start working on professional strategic way and identify the gaps existing in their businesses.

Robert stressed the need for the region realising technology as an effective tool to manage talent. Companies need to think broader.


The Peninsula

  MENA News Headlines
 Nov 24 2015 - China home-price recovery slows in OctoberGulf Times
(MENAFN - Gulf Times) China's home-price recovery slowed in October, as a supply glut in less-prosperous cities challenges the authorities' efforts to revive the residential market with interest-rate ...

 Nov 24 2015 - Devaluation may force China to pay premium on Dim Sum debtGulf Times
(MENAFN - Gulf Times) China is set to pay more to sell sovereign bonds in Hong Kong than in the onshore market for the first time, as investors brace for the possibility of another yuan ...

 Nov 24 2015 - PetroChina, CNPC plan pipeline, refinery salesGulf Times
(MENAFN - Gulf Times) PetroChina Co and its state-owned parent are planning to sell assets before the end of the year that may include stakes in pipelines and refineries as the country's biggest oil ...

 Nov 24 2015 - Saudi Arabia ready to work with others to stabilise crude marketGulf Times
(MENAFN - Gulf Times) Saudi Arabia's cabinet said yesterday it was ready to cooperate with Opec and non-Opec countries to achieve market stability, days before Opec meets to review its year-long ...

 Nov 24 2015 - Issa Abu Issa on TAKREEM 2015 juryGulf Times
(MENAFN - Gulf Times) Prominent Qatari entrepreneur and Salam International chairman and CEO, Issa Abdul Salam Abu Issa was on the eminent panel of jury of 'TAKREEM 2015.' Established in 2010, ...

 Nov 24 2015 - Joyalukkas raises AED500mn to 'refinance and reduce borrowing costs'Gulf Times
(MENAFN - Gulf TimesDubai-headquartered leading jewellery retail chain Joyalukkas has raised a total amount of AED500mn through multiple banking arrangements. Part of this is a $80mn term loan with a ...

 Nov 24 2015 - Qatar Airways named the Best Mideast Airline serving ChinaGulf Times
(MENAFN - Gulf Times) Qatar Airways has been named the Best Middle East Airline serving China, at the 2015 Business Traveller China Awards, picking up the award for the fourth consecutive year."To be ...

 Nov 24 2015 - Qatar banks' loan-deposit ratio hits 115% in October QCB targets 100%Gulf Times
(MENAFN - Gulf Times) Qatar's banking sector witnessed loan-deposit ratio increase to 115% in October against 112% in the previous month; even as the Qatar Central Bank is aiming to limit the ratio ...

 Nov 24 2015 - Qatar brokers reconciliation deal between Libyan tribesGulf Times
(MENAFN - Gulf Times) The Libyan tribes of the Tuareg and Tebu yesterday signed a comprehensive reconciliation agreement under the auspices of HH the Emir Sheikh Tamim bin Hamad al-Thani to put an ...

 Nov 24 2015 - Suicide vest found on Paris street: Did Belgian suspect Abdeslam get cold feetAsia Times
(MENAFN - Asia Times) Salah Abdeslam In Washington the US State Departmentissued a global alert on Monday for Americans planning to travel following the deadly militant attacks in France and ...




Click to Apply


Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help