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Talent Shortage Survey Reveals 40 Percent of Employers Are Struggling to Find Qualified Candidates
February 21, 2006
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Milwaukee, Wis., -- A survey of nearly 33,000 employers across 23 countries and territories conducted to determine the extent to which talent shortages are impacting today's labor markets revealed that 40 percent of employers worldwide are having difficulty filling positions due to the lack of suitable talent.

Employers having the most difficulty finding the right people to fill jobs are those in Mexico (78 percent reporting shortages), Canada (66 percent) and Japan (58 percent). The talent shortage appears to be least problematic in India, where only 13 percent of employers reported having difficulty filling positions.

"The talent shortage is becoming a reality for a larger number of employers around the world, and this is only going to get worse over the next several decades, as demographic shifts and other factors continue to reduce the number of people who are willing and able to participate in the workforce," said Jeffrey A. Joerres, Chairman & CEO of Manpower Inc, who conducted the survey. "The shortages are most acute across North America at this point, with employers in Europe and Asia currently feeling much less pressure to compete for employees."

The top 10 jobs that employers are having difficulty filling across the 23 countries and territories surveyed are (ranked in order):

1. Sales Representatives

2. Engineers

3. Technicians (primarily production/operations, engineering and maintenance)

4. Production Operators

5. Skilled Manual Trades (primarily carpenters, welders and plumbers)

6. IT Staff (primarily programmers/developers)

7. Administrative Assistants/Personal Assistants

8. Drivers

9. Accountants

10. Management/Executives

"Across North America and Asia, the top three talent shortages are identical -- sales representatives rank number one, followed by engineers and technicians," said Joerres. "Employers are telling us that they are not just looking for bodies to fill sales jobs, they want experienced sales people who know their respective industries and can drive revenues."

"As employers compete for talent in these hot job categories, we will see salaries and compensation escalate," Joerres advised.

Joerres added, "In 10 years, we will see many businesses failing because they haven't planned ahead for the talent shortage and are unable to find the people they need to run their businesses. This is not a cyclical trend, as we have seen in the past, this time the talent crunch is for real, and it's going to last for decades."

More information is available at http://www.manpower.com/ResearchCenter

 
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