Mark Spears explains that skills gaps, talent retention and recruitment competition from other countries will be a key problem for Qatar
KPMG’s Global Head of People and Change, Mark Spears, visited Qatar on Wednesday 7 May 2014 to explore some of the key issues around recruitment, people development and staff retention facing the country’s businesses.
Along with KPMG’s Global Advisory Leader for Energy and Natural Resources, Hilda Mulock Houwer (who is based in Qatar), Mark met with some of KPMG’s clients to discuss, among other things, the challenges of Qatarization and the pressures on businesses to take fast action to address upcoming human capital issues.
Mark explained “Qatarization is great for ensuring that national talent thrives within the country, however young local people need to be encouraged to move into industries where there will be a future skills gap. For example, it’s well known that globally, there is soon going to be a huge shortage of skills and experience in the Energy and Natural Resources sector as the experienced older generation retire and fewer young people choose to qualify in this field. On top of this, with the rise of the unconventional gas industry in North America, there is even more competition for companies in the Middle East to recruit and retain the best people. With the oil and gas industry being the key contributor to Qatar’s economy, it’s vital that the country’s businesses address this.
“Businesses across all sectors must also act to ensure that they offer potential expat employees a strong and viable reason to come to Qatar. Whilst tax breaks are certainly a lure, recruitment competition from more developed countries may mean that Qatar is not a first choice of destination for highly skilled people to relocate to.
“KPMG’s People and Change Advisory service can help to plug this gap. We work with clients to create and align HR strategies to help deliver business needs – including talent management, knowledge sharing and education. We work with clients to facilitate the process of building and managing a work environment and work force that ensures high performance and sustainable growth.”
KPMG also provides strategic advice across their core functions of audit, tax and advisory services to companies in Qatar and across the Middle East.