The world is moving from capitalism to 'talentism,'" Klaus Schwab, founder and executive chairman of the World Economic Forum, said in 2011. This shift, combined with the challenges of the global marketplace, creates four issues that drive problems in recruiting workers, as well as opportunities in talent management: unemployability, a critical skills gap, information gaps, and public and private constraints.

"There is widespread unemployability across the globe, yet many employers say they have open positions but can't find the workers with the right skills to fill those, which speaks to the critical skills gap as well as the information gap on where to locate those people," Brian J. Kelly, a partner at Mercer, said during a recent webcast the consulting firm conducted on global talent mobility. "Further, many of our academic institutions are preparing a workforce of the future that doesn't meet the needs of the employers of the future."

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