Enlightened Engagement

McKinsey Global Survey of Business Executives: Economic and hiring outlook , July 2007

{ The McKinsey Quarterly conducted the survey in June 2007 and received responses from 2,700 executives around the world. All data are weighted by the GDP of the constituent countries to adjust for differences in response rates. }
We all know about the loss of jobs to low-cost labor elsewhere. But McKinsey Global Surveys shows that the trend may be shifting.

Here are few key points from the survey :

• More than half of the executives at companies headquartered in the developed world say the majority of their new jobs will be created in the same country as the corporate headquarters.
• Only a quarter say that most new jobs created abroad will be the same as those now performed at home.
• Around the world, executives have consistently reported that far more companies plan to increase their workforces than to decrease them and that a majority of the new jobs will be created at home.
• Of the small number of jobs lost around the world, only 20 percent will be eliminated as a result of outsourcing,nearly three-quarters of the respondents who do not expect the size of their workforces to change say they don’t expect any significant function now performed in the home country to move elsewhere.

Original Article : http://www.mckinseyquarterly.com/Organization/Talent/McKinsey_Global_Survey_of_Business_Executives_Economic_and_hiring_outlook_July_2007

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