By 2030, the UAE is likely to experience a skilled labour gap worth $40 billion, making up five percent of the economy, according to a recent Korn Ferry study.
The gap which constitutes 110,000 skilled labour is a result of organisations focusing too heavily on technology as opposed to human labour.
Jonathan Holmes, country chair and managing director of Korn Ferry Middle East said: “Organisations have been focusing too heavily on technology as a solution for business, whereas people will become more important and costlier if organisations don’t change that,” he said.
In this edition of Inside AB, Jeremy Lawrence discusses the report's findings with Danny Leinders, senior client partner in the Dubai office of Korn Ferry.
(Source: Arabianbusiness.com YouTube channel)