Global Talent Shortages Challenge AI, Automation Readiness

The evolving labor market, driven by rapid technological innovation such as AI and edge computing, has created significant challenges in recruiting and developing talent across industries. Organizations face a limited pool of experienced professionals in emerging technologies and must adopt proactive, precise recruitment strategies to attract and retain skilled developers. The COVID-19 pandemic exacerbated a talent development void, as remote work hindered informal learning and mentoring, but a shift toward hybrid work models offers opportunities to revive talent growth and retention. In Canada, despite having a highly educated workforce, many workers' skills are underutilized, underscoring the urgent need for upskilling to address job disruptions caused by automation and AI. Globally, companies often overestimate their leadership pipeline readiness, facing a skills gap that threatens growth and innovation; experts recommend expanding beyond traditional 'build and buy' strategies to include bridging, borrowing, and leveraging AI for talent development. Together, these insights emphasize the necessity for organizations and governments to invest strategically in talent acquisition, continuous learning, and adaptive leadership to thrive in a swiftly changing economic landscape.