Accenture’s session at Davos on Growth, pointed to compelling data on the rapid growth in trade flows between Emerging Markets, as opposed to the often quoted trade flows data between developed economies and emerging economies. This along with the proportion of people earning more than USD 50,000 per annum in places like Turkey and Indonesia, and the internal demand that fuels, global companies need not just focus on India and China as engines of growth.
Talent flows tend to reflect trade flows and if Accenture’s projections for emerging market to emerging market trade flows holds true, talent will follow.
In Asia for example MNCs and large Asian conglomerates are starting to provide ‘in-region’ developmental experiences between major Asian ‘hubs’ – South Asia, North Asia, and South East Asia – and ‘sub-hubs’ between those. With the progress Asia has made especially in the last 5 years, there is now a granularity and depth of market (not there previously) that provides interesting experiences for young emerging Asian leaders to learn and grow from and companies to better exploit. The ‘head office posting’ is no longer the only game in town.
TalentInvest consults for many global companies operating in Asia
Written by Meena Thuraisingham
Director and Principal, Talent Invest
Meena Thuraisingham is a consultant, author, executive coach and thought leader in the area of People and Culture. An organisational psychologist by training, she founded TalentInvest, a niche consulting practice, advising global clients in the UK, Asia and Australia in Capability and Culture. Meena is also a regular speaker internationally on leadership effectiveness and culture change.
Her published books are The Secret Life of Decisions, Careers Unplugged and Derailed!. Get Your Copy Today