CARACAS, Saturday March 31, 2012 | Update

Business growth suffers brain drain

Colombia has enrolled a good deal of Venezuelan professionals

Brain drain has been significant in the past few years (File photo)
Saturday March 31, 2012  10:10 AM

Political uncertainty, legal and personal insecurity have turned out to be the main challenges for Venezuelan businesses.

Add to this, shortage of talent, particularly 25-35 year-old people, lured by the foreign offer.

María Gabriela Castro, the CEO for the Andean region at Korn/Ferry, explained that Colombia is the main destination of most of the talent. Particularly, the oil industry has counted on "migration of very good people, who have made a difference in that country."

Castro underscored that the Venezuelans' profile is highly appreciated as well elsewhere in Latin America.

Notwithstanding hindrances, Leonardo Lacruz, a spokesman of the human capital development firm, stated that Venezuelan companies face nowadays the challenge of sustaining their staff morale. "Businesses keep on going and you ought to have people able to meet customers' needs."

He stressed that the way to success will depend on the right personnel in the right positions, as knowledge and expertise are the main catalysts of the corporate strategy and performance.

In a forum hosted by Korn/Ferry, Kim Ruyle, Vice President and Managing Principal for Korn/Ferry Leadership and Talent Consulting, Korn/Ferry International, highlighted that in such a competitive global environment, as the current one, big companies are working on development, knowledge and support of in-house talent.

Translated by Conchita Delgado

The end of a cycle

Hundreds of thousands of demonstrators took to the streets of Brazil on March 13 to demand the ouster of embattled President Dilma Rousseff, carrying banners expressing anger at bribery scandals and economic woes. A banner read "We don't want a new Venezuela in Brazil."

fotter Estampas
fotter Estampas