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The Islandization of Talent (Part 1)

Throughout history, human migration has been driven by resources. Early man went where the hunting was good. Then, where the farmland was rich. And, finally, where the job market was thriving.

Business migrations are similarly driven. Industries grow near the resources they need most. And, today, knowledge is that necessary resource.

For the knowledge economy, this migration is self-perpetuating. Businesses that require educated workers migrate to areas where education and innovation are prevalent.

As more businesses move in, they bring with them jobs and, in turn, even more knowledge workers. The cycle continues until knowledge-based skills are disproportionately concentrated in a few islands of talent.

June 22nd Snapshot: The New World of Work

We continue to keep an eye on the ever-evolving workforce, especially as it relates to the flexible workforce and the “new world of work.” We are always on the lookout for current news stories, interesting tidbits and thoughtful commentary to pass along to you.

This week, we feature:

- An interesting recent article by Staffing Industry Analysts titled “Strategy: Who Should Be in Charge of Your CW Program” evaluates what position or department within a company is best suited to manage contingent workforce efforts in today’s ever-changing business climate. Read the article. 

Survey: Corporate World Doesn’t “Like” Facebook…Yet

With a whopping 158 million unique U.S. visitors, Facebook is a social media force to be reckoned with, but is it primarily for family and friends or does it also hold real value for business purposes?  M Squared Consulting asked that very question in the latest online pulse survey and found the vast majority (65 percent) believe it’s really for family and friends; less than a third (31 percent) says it’s moved into the corporate mainstream. Four percent are uncertain either way (maybe they are still trying to figure out how to use the new Timeline feature).

June 8th Snapshot: The New World of Work

We continue to keep an eye on the ever-evolving workforce, especially as it relates to the flexible workforce and the “new world of work.” We are always on the lookout for current news stories, interesting tidbits and thoughtful commentary to pass along to you.

This week, we feature:

- A “Career Hot Seat” article published this week by FOXBusiness titled “Three Reasons the Job Market is Still Suffering”. It highlights the primary barriers hurting job creation and what can be done to overcome them, one of which is fostering an entrepreneurial spirit:  “careers can no longer be pursued, they must be created.” To read more, click here.

Survey: Skilled Workers in Short Supply

While economists and politicians debate the extent of a skills mismatch in our economy, results from the latest informal M Squared Consulting website pulse survey are more definitive.

When asked if they believe there is a skills mismatch in the American workforce, 67 percent of online survey respondents said yes: jobs are going unfulfilled due a lack of skilled workers. Only 20 percent answered no, indicating that they believe there are plenty of skilled workers to fill job openings. Twelve percent are unsure.