staff turnover on the rises
Image credit: Mohamed Hassan, Pixabay

Seven in 10 employers globally are struggling to find skilled workers in high-demand areas, such as operations and logistics, manufacturing and production, IT, and sales and marketing, confirmed ManpowerGroup. 

Around 69% of employers globally report difficulties to find workers with the right blend of technical skills and human strengths including accountability, reliability and discipline, resilience, stress tolerance and adaptability. Skills shortages are at a 15-year high, according to the ManpowerGroup research of 42,000 employers in 43 countries, released ahead of the World Economic Forum Jobs Reset Summit, today.

More than one in three organisations have accelerated their digitisation as a result of the pandemic; and 86% of those plan to increase or maintain their hiring as a result. On the one hand, this has created a more digital and connected world; but on the other, it has lead to growing polarisation between those with the skills to take advantage of technical disruption, and those without, noted the report.

TIGHT LABOUR MARKET

“Despite the impact of the pandemic on global unemployment we are already seeing signs of a much tighter labour market in many countries,” stated Jonas Prising, Chairman & CEO of ManpowerGroup. “Companies have increasingly specific skills needs as transformation accelerates making the need to find new ways to close the inequity gaps that exist at the intersection of race, gender, education and economic status even more urgent. I look forward to joining together with leaders from business, education and government at the World Economic Forum’s Job’s Summit this week to share insight and practical solutions to build back broader; helping people to pre-skill, upskill and reskill for in-demand roles to create a better workplace where everyone is able to have a more equitable share of prosperity.”

Jonas Prising, Chairman & CEO, ManpowerGroup

Prising will join Ebony Beckwith, Chief Executive Officer of Salesforce Foundation; Badr Jafar, CEO of Crescent Enterprises; and Sharon Thorne Global Chair of Deloitte in a virtual session on A New Vision for Business Leadership for Social Justice. Caroline Casey, Founder and Director of Valuable 500, will moderate the session taking place today (16.30-17.30 CET). 

The full report and global data from ManpowerGroup’s Employment Outlook Survey and Talent Shortage research will be released next week, on Tuesday 8 June. Employers worldwide have reported a severe shortage of qualified talent. Read more here.

Sign up for our newsletter