Keywords: cross–cultural differences, employment contracts, Germany, India, Netherlands, Holland, qualitative approaches, skill shortages, future competitiveness, Western Europe, professionals, talent shortages, competitive advantage, human resources, strategic tools, demographics, demographic changes, workforce diversification, employee leveraging, human resource management, HRM, Aalberts Industries, industrial services, flow controls, AkzoNobel, decorative paints, performance coatings, specialty chemicals, ASML, photolithography systems, BASF, DSM, Hunter Douglas, window coverings, architectural products, MAN Group, commercial vehicles, business, globalisation
Future competitiveness of Western Europe on the example of Germany and the Netherlands: are Indian professionals our piece to solving the talent shortage puzzle?
In order to achieve a competitive advantage in today's global environment, companies are increasingly relying on human resources as a strategic tool. However, especially the western world is as a consequence of changes in demographics and employment contracts more and more faced with skill or talent shortages. Using a qualitative approach with semi–structured interviews this article shows that professionals recognise a talent shortage in Germany and the Netherlands. A diversification of the workforce by leveraging Indian professionals is further shown to be a possible solution to the skill or talent shortage problem.