Quotes: US 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 to face 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.

 






  MENA News Headlines
 Jul 28 2014 - Muslims mark sombre Eid in bloodied GazaAFP
(MENAFN - AFP) The end of a month of fasting was supposed to be a time to celebrate for Abeer Shamali. But instead, she spent the Muslim Eid feast at the grave of her teenage son. Fellow mourners ...

 Jul 28 2014 - Radiant During RamadanMuscat Daily
(MENAFN - Muscat Daily) Keep your skin and hair glowing and shiny even as you're fasting in this holy month. Some tips... Moisturise Your skin too gets dehydrated when you fast. It is ...

 Jul 28 2014 - Cream of the CropMuscat Daily
(MENAFN - Muscat Daily) Mahmood Said Humaid al Shibli glances at the wall clock. It's 11am with change, and only two hours to ''go to plate''.  There's crepes to layer, oranges to slice and ...

 Jul 28 2014 - Coaches satisfied with Mansoor's performance at youth sailing worldsMuscat Daily
(MENAFN - Muscat Daily) Despite young Mansoor al Mahrooqi's last-place finish in a field of 57 sailors in the Laser Radial class at the ISAF Youth Sailing World Championship held recently, Oman ...

 Jul 28 2014 - ORT set for Belgian challengeMuscat Daily
(MENAFN - Muscat Daily) Oman Racing Team (ORT), led by Muscat-based racer Ahmad al Harthy, has managed just 12 points over the past three rounds of the 2014 Blancpain Endurance Series. Despite ...

 Jul 28 2014 - Alizz islamic bank reports RO2.6mn lossMuscat Daily
(MENAFN - Muscat Daily) Alizz islamic bank has reported a loss of RO2.6mn for the period ended June 30, 2014 which the bank said, in a disclosure to the Muscat Securities Market, "is in line ...

 Jul 28 2014 - Duqm Airport takes offMuscat Daily
(MENAFN - Muscat Daily) The newly opened Duqm Airport received its first Oman Air flight ahead of schedule on Wednesday with officials saying that the facility will serve as an air transport and ...

 Jul 28 2014 - All you want to know about Oman - on a busMuscat Daily
(MENAFN - Muscat Daily) Highlighting the leadership of His Majesty Sultan Qaboos bin Said, the National Centre for Statistics and Information (NCSI) has launched a new initiative that will see public ...

 Jul 28 2014 - Air fares rise by 35 as travellers rush to make the most of long breakMuscat Daily
(MENAFN - Muscat Daily) Fares of most airlines have gone up due to the increase in demand during Eid al Fitr holidays. The prices of tickets to different destinations have gone up by nearly 35 per ...

 Jul 28 2014 - MoHC invites bid for construction of $250mn Oman Cultural ComplexMuscat Daily
(MENAFN - Muscat Daily) After announcing the appointment of the UK-based international consultancy and construction company, Mace as project manager for the Oman Cultural Complex (OCC), the Ministry ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help