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Talent grab: How top companies are managing Africa’s skills shortage

March 6, 2012 12:00 by Ann Pace

(From howwemadeitinafrica.com) -- Africa has a significant shortage of management and specialised skills. It is estimated there will be a 75% increase in the use of expatriate staff over the next three years, and the strategic use of these resources will be a critical success factor to help establish and grow business across Africa.

“Foreign direct investment (FDI), and the projected increase in FDI into Africa, will mop up talent … The demand for talent in Africa is going to outstrip supply … As a result of the higher demand for talent, the price of talent is going to go up, and it is going to continue to go up … for as long as there is a skills shortage,” said Ray Harraway, Tax Human Capital Director at Ernst & Young Africa, at the recent E&Y Strategic Growth Forum in Cape Town.
 
During a session called ‘Addressing the human capital challenge: talent management & mobility’, human resources (HR) professionals from IBM, E&Y and Standard Bank shared some insights into how they manage their workforce across the continent.

Read more.


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