Global talent crunch hits record high, 54 pc companies globally face talent shortage

NEW DELHI: Attracting and retaining skilled workers has become a challenging affair as 54 per cent of companies globally reported talent shortages, the highest in over a decade, according to a new research by ManpowerGroup.

According to the research, 54 per cent 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 per cent), Mexico (52 per cent), Italy (47 per cent) and Spain (41 per cent) reported the most acute shortages.

“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.

Ahead of the World Economic Forum Annual Meeting in Davos next week, 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.

The survey noted that workers’ demands vary as per geography, gender and stage of career cycle. (AGENCIES)