HRO Today EMEA January February 2023 - 16

Regional Report
This is one of the reasons why 66% of respondents are likely to
apply in their current organisation and for their current role if
they had to do it all over again, since this group had access to
upskilling and reskilling opportunities. And those who said they
wouldn't choose their current organisation or role again (16%)
stated the lack of growth opportunity as why.
As far as what companies are doing to encourage strong
acquisition, many have increased their marketing efforts.
The study found that social media is the biggest medium
organisations are utilizing to attract key talent (35%), along with
online company pages that target job seekers (21%) and email
campaigns (13%).
But some regions are more focused than others. The top five
countries that the report found making the most effort in
attracting new talent include:
* UAE (41%);
* Qatar (38%);
* Lebanon (34%);
* Oman (31%); and
* Algeria (30%).
On the flip side, the five countries that were listed as utilizing
very little effort include:
* Iraq (24%);
* Kuwait (23%);
* Qatar (23%);
* Jordan (21%); and
* Tunisia (21%).
Ghana's Troubled Economy
Ghana is having a hard time getting out of the hole, as inflation
and debt wreak havoc on its economy.
In November of last year, the country's inflation rate had
risen to 50.3%, year-over-year, just after securing a staff-level
agreement with the International Monetary Fund (IMF) for a $3
billion support package over a three-year period. The package
also comes as aid after the country defaulted on most of its
external debt last year.
And the economy's growth has slowed up drastically, thanks to
COVID-19 aftermath and Russia's war on Ukraine.
Ghana's Finance Minister Ken Ofori-Atta said during his budget
presentation in November that growth is expected to slow to
2.8% in 2023.
And in an address to the country, its president Nana AkufoAddo
attributed the economic downturn to worldly events. " I
cannot find an example in history when so many malevolent
forces have come together at the same time, " he said.
The president also said that the government aimed to restore
macroeconomic stability within the next three to six years and
to cut the debt-to-GDP ratio to 55% by 2028. " I believe we can
and we will find the means to achieve these goals, even if the
immediate measures we have to take are painful, " he said.
Technology is Helping Close the
Skills Gaps in the Middle East
IT leaders are looking to technology to help their companies
advance, with or without employees.
As acquisition and retention issues mount, organisations
across the globe are looking for ways to fill gaps. Now, many are
turning to technology to take the place of employees.
With much anguish present, the West African country is
remaining hopeful that it can get ahead of its massive debt.
[16]
HRO TODAY EMEA | JANUARY/FEBRUARY 2023
Rackspace Technology's Managing IT in Challenging Economic
Times report found that business leaders are shifting their focus
to digital transformation and technology investments in an effort
to alleviate the stress of reduced talent, yet continued growth.

https://www.zawya.com/en/economy/africa/ghana-inflation-rises-to-503-y-y-in-november-stats-office-xf9b27le https://www.zawya.com/en/economy/africa/ghana-inflation-rises-to-503-y-y-in-november-stats-office-xf9b27le https://www.rackspace.com/sites/default/files/2022-11/Managing-IT-in-Challenging-Economic-Times-Rackspace.pdf https://www.rackspace.com/sites/default/files/2022-11/Managing-IT-in-Challenging-Economic-Times-Rackspace.pdf

HRO Today EMEA January February 2023

Table of Contents for the Digital Edition of HRO Today EMEA January February 2023