Companies need training and development to bridge the skill gaps between needed market competencies and employee skills. Research by Bersin and Associates are presented to help highlight the differences in these skills on a global scale and how this led to major unemployment concerns in many countries (O’Leonard, 2012). They provide a number of recommendations for organizations that seek to develop their talent for competitive advantages. A study entitled World of Work Report by the International Labor Organization indicates that unemployment could be around 208 million globally in the next year or so (International Labor Organization, 2013). They highlight the problems as uneven opportunities, creating jobs and macroeconomic approaches. The focus of countries should be to develop the right skills and create opportunities for youth. “ The labour market and income situation is uneven but can be improved by consolidating the rebalancing process in emerging countries and
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