Boston Consulting Guru Explains How To Prepare For The Workforce Crisis That Is Coming In 2030

Rainer strack
BCG senior partner Rainer Strack. TED

In 2030, there will be more jobs than workers able to fill them in many of the world’s largest economies, according to Boston Consulting Group senior partner Rainer Strack.

In his October TED Talk, Strack explained that the world is facing a labour shortage and skills mismatch. However, he said it’s not too late to begin employee development and recruitment strategies that take a global perspective.

Scroll down to see the key points of his presentation, which you can watch in full at TED’s site.

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title=”Strack forecasts supply and demand for his native Germany, based on what it would take to maintain the current GDP and productivity growth. There’s a gap of 8 million people.”
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[slide
permalink=”of-the-worlds-15-largest-economies-responsible-for-70-of-the-worlds-gdp-12-are-projected-to-face-a-labor-shortage-2″
title=”Of the world’s 15 largest economies, responsible for 70% of the world’s GDP, 12 are projected to face a labour shortage.”
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[slide
permalink=”part-of-the-problem-will-be-a-surplus-of-low-skilled-workers-and-a-significant-lack-of-high-skilled-workers-the-emergence-of-new-technologies-will-simultaneously-replace-low-skilled-jobs-and-create-high-skilled-ones-3″
title=”Part of the problem will be a surplus of low-skilled workers and a significant lack of high-skilled workers. The emergence of new technologies will simultaneously replace low-skilled jobs and create high-skilled ones.”
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[slide
permalink=”bcg-found-that-60-of-high-skilled-workers-are-willing-to-work-abroad-which-can-help-lower-the-skill-gap-in-certain-countries-4″
title=”BCG found that 60% of high-skilled workers are willing to work abroad, which can help lower the skill gap in certain countries.”
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[slide
permalink=”the-us-is-one-of-the-least-mobile-countries-but-its-the-most-preferred-place-to-work-5″
title=”The US is one of the least mobile countries, but it’s the most preferred place to work.”
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[slide
permalink=”stracks-team-asked-its-test-group-to-rank-26-aspects-of-a-job-based-on-importance-corporate-culture-tops-the-list-while-salary-ranks-at-no-8-6″
title=”Strack’s team asked its test group to rank 26 aspects of a job based on importance. Corporate culture tops the list, while salary ranks at No. 8.”
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[slide
permalink=”stracks-concluded-that-the-current-workforce-trend-is-not-sustainable-companies-and-governments-need-to-forecast-which-jobs-need-to-be-filled-in-the-next-15-years-how-they-will-bring-more-millennials-women-and-retirees-into-high-skilled-jobs-and-how-theyll-adapt-their-corporate-cultures-to-become-a-global-destination-for-these-employees-7″
title=”Strack’s concluded that the current workforce trend is not sustainable. Companies and governments need to forecast which jobs need to be filled in the next 15 years; how they will bring more millennials, women, and retirees into high-skilled jobs; and how they will adapt their corporate cultures to become a global destination for these employees.”
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title=”Watch the full talk below:”
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[slide
permalink=”and-if-you-want-more-ted-9″
title=”And if you want more TED…”
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