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25% Of Global Talent Will Become Redundant In 3-5 Years: Zinnov Talent Outlook 2013

SANTA CLARA, California, February 13, 2013 /PRNewswire/ --

Silicon Valley to remain innovation hub; Tier 2 cities in US to gain traction

Zinnov, a leading Market Expansion and Globalization Advisory firm, today released " Talent Outlook 2013 " , a report that highlights a paradigm shift in HR trends this year. The survey revealed that 2013 will be a year of skill and talent reconciliation, even as new skill sets are brought to focus and HR is challenged to implement strategic planning within the organization.  Zinnov is hosting a thought leadership summit " Confluence 2013" to deliberate and brainstorm on the findings of the study.

     (Logo: http://photos.prnewswire.com/prnh/20130213/594614 )

Key Findings

  • Organizations believe 25% of their current talent will become redundant in the next 3-5 years, while specialized skill sets in User Experience and Mobility see rising demand
  • Hiring for Innovation will primarily be in the United States
  • Tier II locations in the United States will be a key focus area for organizations looking to expand, while India and China will witness marginal growth

The Silicon Valley continues to be an innovation hub, with 80% of respondents to the Zinnov survey indicating that their organizations' headcount will increase the highest in this region. Respondents also revealed that 36% of their innovation, on average, would be driven in the Valley, with other US cities such as Seattle, Maryland, Dallas and Boston accounting for 18%. India ranked third as potential innovation region, with organizations revealing that 15% of innovation is expected out of the country, followed by EMEA at 10%.

Commenting on the study, Vamsee Tirukkala, Managing Principal, Zinnov, said, "Data scientists and user experience designers will witness very high demand, while mobile application developers and cloud computing experts will witness moderate to high demand. Significantly, all these skills were non-existent a decade ago. Organizations are also expected to increase their focus on soft skill development across levels and functions."

The released study brought to light that organizations are seeking talent with skills in the areas of Engineering (50% of respondents indicated that it would be among the top 3 skills of the future), followed by Analytics skills (40%) such as Big Data, Predictive Modelling, HR Analytics, and Mobility (32%).

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