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Two-Thirds of Digital Experts Would Move Abroad for Work, a Global Study Reveals
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Digital experts are not only among the most in-demand talent in the world, they are some of the most willing to relocate, with two-thirds open to moving to a different country to advance their careers, according to a new study by Boston Consulting Group (BCG) and The Network. The US is the top country destination for digital experts worldwide, and London is their preferred city for a work-abroad assignment, according to the study.
A report based on the study, Decoding Digital Talent, is being released today as part of the ongoing Decoding Global Talent series from BCG (one of the world’s leading management consultancies) and The Network (a global alliance of more than 50 leading recruitment websites). As part of the study, BCG and The Network polled 27,000 people in 180 countries with expert-level knowledge in such skills as programming and web development, mobile application development, artificial intelligence, and robotics and engineering.
Digital experts have several things in common. Eighty percent have a college degree, and 68% are men. Contrary to popular wisdom, their top preference is working for a large company, not a startup. Just 9% are in upper management, and 41% work in positions with no management responsibilities.
Subgroups of digital experts have skills in areas where demand is growing significantly and urgently, specifically in agile ways of working (18%) and AI (14%).
On average, 67% of digital experts would relocate for a better career opportunity, but interest varies greatly by country. More than three-quarters of residents in places including India and Brazil would relocate for work, while in countries such as China fewer than one in four would consider such a move. By contrast, only 55% of nonexperts would relocate for work.
Willingness to move is highest for digital experts in developing economies, who would relocate to gain access to better opportunities to advance their careers. “When we dug deeper into the data, we also saw that in many parts of the world people with expert digital skills are most interested in moving to a nearby country or to a place where they share the language or culture,” said Rainer Strack, a BCG senior partner and coauthor of the report.
The US and Germany Are Popular Countries for Working Abroad
In addition to the US, other top destinations for digital experts include Germany, Canada, Australia, and the UK. The same five countries are also the most popular destinations worldwide for anyone interested in relocating for work, as determined in the 2018 Decoding Global Talent study.
London, the top city globally for anyone willing to relocate, is also the top work destination for digital experts, whose next choices are New York, Berlin, Amsterdam, and Barcelona. The study’s findings make it clear that the appeal of some top-ranked cities exceeds their countries’ attractiveness among digital experts.
Digital experts appreciate having an equitable work-life balance and opportunities for learning and training over any other aspects of work, according to the study. Digital experts also put a high value on opportunities for career development, and good relationships with colleagues and managers.
Employers and Countries Must Act to Attract and Retain Digital Experts
Digital experts who can code software or run advanced AI data analytics are a valuable asset. Companies that need digital experts to run or expand a business face stiff competition for talent with those skills. In addition to recruiting, companies can meet their need for digital experts by offering upskilling or reskilling programs to teach current employees needed skills, aligning what they offer with the organization’s broader strategies.
Likewise, cities and countries must compete with other areas to recruit or retain the digital experts who could be crucial to their economic development. Undertaking a country- or area-wide strategic workforce plan to map out digital expert supply and demand is the first step toward that effort. Governments should also launch education programs and create a city or national “brand.”
“How companies, countries, and individuals will adapt their strategies to the scarcity of digital skills will be crucial for the years to come,” said Pierre Antebi, managing director of The Network and a coauthor of the report. “Recruiters are already on the frontline of this battle. Their everyday duty is finding, attracting, and retaining digital experts in their own countries and, more and more, internationally. They need to be more inventive than ever and need data to make the relevant choices. This study and the data in it are particularly dedicated to them.”
SOURCE Boston Consulting Group (BCG)
STOCKHOLM, April 5, 2024 /PRNewswire/ — EQT AB’s Q1 Announcement 2024 will be published on Thursday 18 April 2024 at approximately 07:30 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.
The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement.
To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.
The webcast can be followed live here and a recording will be available afterwards.
Information on EQT AB’s financial reporting
The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.
The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.
Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, [email protected]
Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
EQT Press Office, [email protected], +46 8 506 55 334
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- Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
- Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
- Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
- Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
- PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
- Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
- 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
- CEO reaffirms Kia’s commitment to ESG management
SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.
Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.
During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.
The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.
“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”
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VANCOUVER, BC, April 4, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the “Company“) is providing this bi-weekly update on the status of the management cease trade order granted on February 29, 2024 (the “MCTO“), by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Company’s announcement on February 21, 2024 (the “Default Announcement“), that it was unable to file its audited annual financial statements for the year ended October 31, 2023, its management’s discussion and analysis of financial statements for the year ended October 31, 2023, its annual information form for the year ended October 31, 2023, and related filings (collectively, the “Required Annual Filings“). Under National Instrument 51-102, the Required Annual Filings were required to be made no later than February 28, 2024.
As a result of the delay in filing the Required Annual Filings, the Company was unable to file its interim financial statements for the three months ended January 31, 2024, its management’s discussion and analysis of financial statements for the three months ended January 31, 2024, and related filings (collectively, the “Required Interim Filings“). Under National Instrument 51-102, the Required Interim Filings were required to be made no later than April 1, 2024.
The Company anticipates filing the Required Annual Filings by April 30, 2024. The auditor of the Company requires additional time to complete its audit of the Company, including the Company’s recent acquisition of all intellectual property, immunotherapeutics platform technologies, and clinical stage assets of the former IMV Inc. that closed on February 16, 2024. In addition, the Company anticipates filing the Required Interim Filings immediately after the filing of the Required Annual Filings.
Except as herein disclosed, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Annual Filings and/or Required Interim Filings is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Annual Filings and Required Interim Filings; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.
About BioVaxys Technology Corp.
BioVaxys Technology Corp. (www.biovaxys.com), a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it’s HapTenix© ‘neoantigen’ tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company’s clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© ‘neoantigen’ tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol “BIOV” and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit www.biovaxys.com and connect with us on X and LinkedIn.
ON BEHALF OF THE BOARD
Signed “James Passin“
James Passin, Chief Executive Officer
Phone: +1 646 452 7054
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