Employers Report Highest Global Talent Shortage Since 2007

Global-Talent-Shortage

Written By ESR News Blog Editor Thomas Ahearn

Employers around the world are facing the largest talent shortage since the recession as 40 percent of global employers have experienced difficulties filling jobs – the highest level since 41 percent in 2007 – according to the 2016-2017 Talent Shortage Survey from ManpowerGroup.

The survey of 42,300 global employers from 43 countries found more employers than ever are turning to training and development of their own workforce to address talent shortage problems. The number of employers using this strategy has more than doubled since 2015, from one in five to over half.

“Upskilling our global workforce is critical to ensure organizations have the skills they need to accelerate performance and everyone has access to the opportunities on offer,” Jonas Prising, ManpowerGroup Chairman & CEO, stated in a press release about the eleventh annual Talent Shortage Survey.

An Infographic for the Talent Shortage Survey shows skilled trade jobs such as electricians, carpenters, and plumbers were the hardest to fill globally for the fifth consecutive year, while Information Technology (IT) roles jumped seven places to be the second hardest jobs to fill.

When asked why it was so hard to fill positions, the survey revealed 24 percent of employers said lack of available applicants or no applicants, 19 percent of employers said lack of hard skills and technical competencies, and 19 percent of employers said lack of experience.

The survey also found that the countries having the most talent shortage problems included Japan (86 percent), Taiwan (73 percent), Romania (72 percent), Hong Kong (69 percent), Turkey (66 percent), Bulgaria (62 percent), Argentina (59 percent), and Greece (59 percent).

For more details on talent shortage problems around the world – including an interactive data explorer tool, infographics, videos and thought leadership articles – visit the ManpowerGroup Talent Shortage Survey web page at www.manpowergroup.com/talentshortage.

ManpowerGroup® has created innovative workforce solutions for nearly 70 years. As workforce experts, ManpowerGroup connects more than 600,000 people to meaningful work across a wide range of skills and industries every day. To learn more, visit www.manpowergroup.com.

Background Checks Help Employers Solve Talent Shortage Problems

Employment Screening Resources® (ESR) – a leading global background check provider – helps employers around the globe solve talent shortage problems by finding the right candidate for the right job at the right time. To learn more about ESR, please visit www.esrcheck.com.

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