Talent management of knowledge workers and global migration in the new economy: Opportunities, challenges, and trends

Changes in terms of an ageing population, the informal nature of the workplace, outsourcing, and globalization influence the need for a contingent workforce. Many of these changes have had important ramifications for employees’ careers, work tasks, and quality of life. Ongoing economic globalization forces organizations to use the newest technology and knowledge available. Shifting global employment trends have gone hand- in- hand with liberalization, featuring an easing of restrictions on deregulation of labour protection. In order to survive in the increasingly global and competitive business environment, firms must seek greater expertise, skills, flexibility, and adjustment. A substantial increase in non- traditional employment means that firms are forced to adjust their human resources strategies in order to attract and retain the knowledge of non- traditional employees. People can see the professional workers moving across borders easily with their attained economic and cultural capital. They expand their domains of social control, demonstrated by their knowledge of the dynamics of global market forces. It might be necessary to formulate different strategies that focus on the specific needs and work motivation patterns of the non- traditional workers in order to attract and retain staff.

Global mobilities shape new forms of economic transnationalism. A key dimension of such global cosmopolitan processes is the tendency for migrants to construct multiple ties linking people or institutions across the borders of nation states. The new occupations and their organizational patterns were identified as doing knowledge work and as undertaking expert labour. The emergence of new forms of knowledge is at the root of fundamental changes in the social organisation of skilled labour. With the attainment of certain levels of education and work experience, professional migrants have been able to gain formal work.