Global talent crunch, 54% companies face talent shortage- Report

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Attracting and retaining skilled workers has rarely been more challenging as 54% of companies globally report talent shortages – the highest in over a decade.

More than half of companies around the world cannot find the skills they are looking for – almost double what it was a decade ago. To find, build and sustain the best talent while others are trying to do the same, companies need to know What Workers Want. They need to shift their workforce demands closer to match the needs and desires of in-demand talent and expand the pool from which they source that talent.  

According to ManpowerGroup research, 54% of companies reported skill shortages with businesses in 36 out of 44 countries finding it more difficult to attract skilled talent than in 2018. Employers in the US (69%), Mexico (52%), Italy (47%) and Spain (41%) reported the most acute shortages.

The report says, employers in the US (69 %), Mexico (52 %t), Italy (47 %) and Spain (41 %) reported the most acute shortages in 2018

“In an increasingly tech-enabled world, people with skills are in demand,” ManpowerGroup Chairman and CEO Jonas Prising said.

“We know from conversations with candidates, clients and from our data that workers want flexibility and the opportunity to learn new skills,” Prising added.

Emerging technology and changing skills have left employers with unfilled roles, threatening productivity, efficiency, and future growth.

Ahead of the World Economic Forum Annual Meeting in Davos on 22nd Jan, we are calling for leaders to shift their workforce demands closer to the needs of in-demand talent. Creating shareholder value can only be done in conjunction with taking care of employees, customers and communities, so listening to the voice of the consumer is key, he further added.

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