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KLG Report Details How Companies Are Using Geographic Diversification to Effectively Respond to Technology Talent Shortages.

NEW YORK, Sept. 20 /PRNewswire/ -- Access to sufficient quantities of qualified workers is perhaps the single greatest challenge facing high technology employers today. Demand for information technologists, engineers, and other high technology workers remains strong. However, as a result of fundamental demographic and geographic trends, supply is not expanding rapidly enough to satisfy this demand.

KLG, a consultancy that specializes in corporate location strategy, has released a new report that details how companies are using innovative location strategies that rely on geographic diversification to successfully respond to this challenge. This "Balanced Portfolio Approach" incorporates the establishment of new, large-scale nearshore and offshore locations, as well as specialized Centers of Excellence, to provide a powerful competitive advantage by ensuring the required supply of employees with the necessary skills, and sustainable cost savings.

Tremendous progress has been made in recent years by many companies through the use of offshore markets in developing countries. However, in many instances, the labor supply limits have been reached or exceeded and the functions that can operate successfully in these markets are now there.

Establishing alternative domestic locations, "nearshoring", provides increased access to new, large pools of high-quality talent, lower competition to attract and retain this talent, and very significant cost savings relative to core headquarters locations. Many companies are not yet fully exploiting nearshore opportunities. Those that are have quickly established a competitive advantage over competitors who have not.

Finally, companies across a broad range of industries are increasingly finding themselves reliant on very specialized talent (e.g., mathematicians or statisticians for risk management or simulation functions, highly specialized computer scientists or engineers for product development or research functions, etc.). Highly-focused Centers of Excellence, strategically located, can provide a strong competitive advantage in obtaining such workers by providing them with preferred lifestyle options not available with other employers.

This report is available online at: http://www.klgonline.com/KLG Balanced Portfolio.pdf

To receive further information or discuss the content of this report, please contact KLG at 212-514-4600.

About KLG

KLG is a management consultancy, established in 1993, providing advisory services related to corporate location strategy. The firm's location strategy practice is focused on helping companies leverage geography to enhance fiscal and operational effectiveness and efficiency, provide access to key resources and markets, increase security and resiliency, and foster innovation and new opportunities.

To learn more about KLG, please visit our website at http://www.klgonline.com/.

KLG, 104 5th Ave., New York, NY 10011

CONTACT: KLG, +1-212-514-4600

Web site: http://www.klgonline.com/ http://www.klgonline.com/KLG Balanced Portfolio.pdf
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