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
 Oct 24 2016 - King holds first follow-up meeting with judicial reform panelJordan Times
(MENAFN - Jordan Times) AMMAN — His Majesty King Abdullah on Sunday reiterated that judicial reform is a priority in the coming stage. He made his remarks at a meeting with the head and members of ...

 Oct 24 2016 - Kuwait participated effectively in UNTOC Conf. in Vienna - OfficialKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) VIENNA, Oct 24 (KUNA) -- Kuwait took part effectively in the concluding sessions, and formulating the final recommendations of the Conference of Parties to the UN ...

 Oct 24 2016 - Kuwait- OPEC oil price drops to USD 48.08 pbKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) VIENNA, Oct 24 (KUNA) -- Price of OPEC's basket of crudes dropped on Friday by 43 cents settling at USD 48.08 per barrel, compared to USD 49.51 pb on Thursday, ...

 Oct 24 2016 - Kuwait- His Highness the Amir receives acting audit bureau chiefKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, Oct 24 (KUNA) -- His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah received at Bayan Palace on Monday Acting President of the State Audit ...

 Oct 24 2016 - Kuwait- His Highness Crown Prince receives acting audit bureau chiefKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, Oct 24 (KUNA) -- His Highness the Crown Prince Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah received at Bayan Palace on Monday Acting President of the State ...

 Oct 24 2016 - Kuwait- His Highness PM receives acting audit bureau chiefKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, Oct 24 (KUNA) -- His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah received at Bayan Palace on Monday Acting President of the ...

 Oct 24 2016 - Kuwait- Coalition launches 4 strikes against IS in Syria, 10 in IraqKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) WASHINGTON, Oct 24 (KUNA) -- Coalition military forces conducted 14 strikes against the so-called Islamic State (IS), four in Syria and 10 in Iraq, the Combined ...

 Oct 24 2016 - Kuwait, Eq. Guinea ink MoU for consultationsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The State of Kuwait and the Republic of Equatorial Guinea on Monday signed a memorandum of understanding regulating bilateral consultations between the two ...

 Oct 24 2016 - Kuwait- Some 41 more hopefuls stand for Parl't electionsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, Oct 24 (KUNA) -- Candidates contesting upcoming parliamentary elections slated for November 26th continued to file their candidacies on Monday, as some 41 ...

 Oct 24 2016 - Kuwait- Info Min. Sheikh Salman underscores private media roleKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, Oct 24 (KUNA) -- Private television stations in the State of Kuwait play a major role in news reporting and guiding citizens and promoting their concerns, ...





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

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