Jobs: Skill Shortage Makes It Difficult For Employers To Hire
There is no dearth of jobs, but employability is the missing piece
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Employers around the world are facing the most acute talent shortage in 12 years, and India is among the top 10 most-affected markets with 56 percent of employers facing difficulty in filling vacant positions here.
According to the Talent Shortage Survey by Manpower Group which surveyed around 40,000 employers, fund out that 45 percent of them are struggling to fill the vacant roles and the top drivers of talent shortage are lack of applicants, experience and hard skills.
Jonas Prising, CEO and chairman of Manpower Group said, "With record talent shortages around the world, it's no longer a question of simply finding talent; we need to build it. Organisations need to accelerate efforts to upskill and reskill employees for the new world of work so companies succeed and people have employment security for the long term".
The worst affected country across the world in terms of talent shortage is Japan, as 89 percent employers said they faced difficulty in filling positions, followed by Romania and Taiwan with 81 percent and 78 percent finding it difficult to comply with talent demand.
As companies go digital and roles transform, finding candidates with the right blend of technical skills and human strengths, such as communication, collaboration and problem solving, is more important than ever.
China sits pretty comfortable at the top with the least difficulty in finding the skilled talent as only 13 percent employers stated their difficulty, followed by Ireland.
The employers are placing greater importance on transferable soft skills as roles adapt, more than half of employers say communication skills - written and verbal - are their most valued soft skills, followed by collaboration and problem solving.