Tweet

Global Talent Shortages Intensify

Guest post by: Joyce Gioia

Article Overview: Face with a shortage of skilled workers, more employers will broaden their people searches to include talented people in other locales, both domestic and foreign

Global Talent Shortages Intensify

In spite of persistently high unemployment levels, employers around the world are having increasing difficulty recruiting the people they need. Just last week, ManpowerGroup released the results of its sixth-annual Talent Shortage Survey. The survey included almost 40,000 employers across 39 countries and territories. Globally, 34 percent of employers say they are having difficulty filling positions. The three most challenging occupations are Technicians, Sales Representatives, and Skilled Trades. The reasons most often cited are lack of experience, lack of available applicants and lack of technical skills. In the US, there is the added reason that candidates looking for more pay than is offered. Employers are having the most difficulty finding the right people to fill jobs in Japan (80 percent), India (67 percent), and Brazil (57 percent). In the US, 52 percent of employers are experiencing difficulty filling mission-critical positions within their organizations. In India, the percentage of employers indicating difficulty filling positions jumped a whopping 51 percentage points; the second most significant increase was a 38 percent increase in the US.

A frightening 57 percent of employers report the talent shortage has an impact on key stakeholders”. Moreover, about three-quarters of employers globally cite a lack of experience, skills, or knowledge as the primary reason for their difficulty recruiting. However, only one in five employers is concentrating on training and development to fill the gap.

A mere 6 percent of employers is working more closely with educational institutions to create curriculums that close knowledge gaps. This small percentage represents a major missed opportunity for employers, especially now when many colleges and universities are seeking this partnership.

Jonas Prising, ManpowerGroup’s president of the Americas said it best: “It is imperative that these stakeholders work together to address the supply-and-demand imbalance in the labor market in a systematic, agile, and sustainable way. We are already seeing a renewed focus on employee engagement and retention. Another development: more employers will broaden their people searches to include talented people in other locales, both domestic and foreign. Finally, we will see more employers augmenting their training departments in their tardy attempts to respond to these shortages. Better late than never.

Related Articles
  Organizational Talent You Need To Succeed
  Succession Planning: How to Meet Future Talent Needs
  The New Leadership Frontier
  The Perfect Storm
  A Silver Century Is Colouring Our Labour Markets
  Most of the Time Talent's Not Enough
  LEADERS LOVE FORMULA : TALENT+ EXECUTION.
  Climate Change and Food Crisis
  Identifying Future Leaders: Creative Leadership Development Strategies in Tough Times
  America’s Got Talent?
  History of the Green Revolution
  Diamonds in the Rough
  Talent Management - Is the Investment Worth It?
  Talent is Never Enough
  Advertising Techniques in Broadcasting Media
  Building a Skilled Workforce in Canada
  Why the Talent War is Dead and How Fast Training Accelerates Economic Growth
  The Soft Side of Managing Talent is About Making Hard Choices
  The overuse of "people" as competitive advantage
  Social Media as the Agent and Engine for Change

Article Tags: Gioia, HR, retention, skilled workers



Related Forum Posts
Quote of the Day - ?"I've never met a successful entrepreneu - ?"I've never met a successful entrepreneur that didn't simply outwork all others. Talent is important, but the work ethic is a necessity." - Adam Braun (Pencils Of Promise)
seeking investors for global finance opportunity - Phoenix Global Funding, Inc. is a Global Commercial Loan Brokerage, Merchant Bank, and a Business Consulting Firm that can work on commercial deals of all sizes. Our greatest strengths are revealed through our superior internet interface and our extensive private network of lenders and equity partners with which we can service any company on the planet by having the ability to broker and coordinate mergers, acquisitions, and funding of all kinds. As a full service commercial financial conduit we also provide valuation, business management, and profitability consulting. I am offering common stock ownership in Phoenix Global Funding, Inc. It is exciting to be in a position to be able to share not only ownership but profit in this latest project. Our business plan was developed from the oldest, most reliable and the most profitable business model ever created, LENDING. This is all about what the big boys do on Wall Street everyday. We are raising US$1,000,000.00 with share prices starting at $1.00. The exit strategy is in 3 years with a minimum 3 to 1 return on capital, plus a 20% profit share annually.
Re: How to promote business online? - I see some good responses, but I don't see enough information from you Are you drop shipping? Local or Global, what kind of supplies, big or small ticket items, why should we buy from you, etc. New company, what is your budget?, if any
Re: Ideas on Using Twitter for Business - Hi KH Global, Check out TwitterFall.com and TweetAttacks.com Basically the latter is the automated version of TwitterFall You can use either tools to search and follow based on keywords
HRPreneur - Hi everyone, I am new to the forum and I recently started my own Human Capital (HR) consulting firm called HRPreneur Inc. HRP focuses on making human capital a strategic differentiator for SME's. Below is a summary about HRP; Who We Are: HRP is a Human Capital consulting firm with 30 years of experience that becomes an extension of your company by providing a full array of services to help you create a highly engaged workforce focused on achieving strategic results in order to build a long lasting great company! Mission: HRP provides small and medium sized businesses a Strategic HR Business Partner to increase employee engagement, resulting in cost savings, increased productivity and results at an affordable rate! Vision: To inspire and warrant SME's reach their full competency! Cost Effectiveness: We provide over 30 years of experience at a fraction of the cost at a strategic executive HR business level You will save between 50% to 60% in costs per year on salary, bonus, benefits, training, office space alone We will provide you additional cost efficiencies through our services Services: • Strategic Human Resources Planning • Organizational Redesign • Change Management • Organizational Culture Development • Employee Engagement Programs • Leadership Assessment and Development • Compensation Design • Talent Acquisition • Assimilation and On-Boarding • Performance Management • Talent Management & Succession Planning • Human Resources Due Diligence • Human Resources Audit • Full Service HR Outsourcing


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

Attracting Passionate Employees

Link Pyramids

What To Do With a Troublemaker?

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.