Int 5rtp Cipd Diploma Resourcing and Talent Management
4153 Words17 Pages
Company Type: UAE Government and US Corporate partners -Military Maintenance Repair and Overhaul Centre for aircraft. Servicing of Military Aircraft for Middle East customers
The company are a niche business, supporting military aircraft activities within the Middle East. Employing approx 2200 employees, made up predominantly of expat employees from a mix of 20 countries. The main features we need to look at when determining the labour market trends are: Economic, Location, Scarcity of skills, Political, Technological Advances, Demographics.
Economic: The UAE GDP forecast for 2013 is around 4%, not dissimilar to the global market as a whole. There has been increased confidence and signs of recovery for the housing market in the region,…show more content… Bangalore in India has been called the new ‘Silicon Valley’ with a technology and aerospace initiative as early as the late 1980’s. This has resulted in 2 things happening 1. Many Western technology development companies setting up offices to attract cheaper, but high calibre labour and 2. Many western technology companies targeting recruitment campaigns at this location. This benefits the region and the employees who have global opportunities.
Demographics: We need to look at available talent both regionally, as well as globally to meet the demands. The UAE has a relatively young Emirati population as a whole, with 40% of the population being under 25. However as a company we have nearly 10% reaching retirement age in the next 3 years. We need to look at available talent both regionally, as well as globally to meet the demands.
If we look at the UK over the last 50 years there has been a huge increase in the number of jobs, which has been met by immigrants, more women working and the ‘baby boomers’, but this is unlikely to continue much longer. So moving forward the labour market may well tighten coming out of the recession, with a lack of available talent, which needs to be addressed by training or better reward programmes.
We are meeting the demands of the business in terms of meeting