Press Release | Talent Shortage Survey 2018
Name: Mohammad Kashif
Phone: +60 3 2087 0132
Email [email protected]
45% employers globally report difficulty filling positions as employers struggle to find workers with the right balance of soft and hard skills. This is even higher in the APAC region where 56% of employers are having this challenge.
56 percent of employers struggling to fill open positions in APAC.
Lack of applicants, lack of experience, and lack of either hard skills or human strengths are key reasons employers struggle to fill vacancies.
Sales representatives, are hardest to find in APAC followed by engineers and drivers.
Kuala Lumpur (26 June 2018) – 56 percent of APAC employers report difficulty filling jobs, according to the ManpowerGroup (NYSE: MAN) 2018 Talent Shortage Survey of more than 39,000 employers in 43 countries and territories. At a time when there are more jobs than skilled workers in APAC, businesses are struggling to fill open positions with sales representatives engineers and drivers most in demand.
Most of the jobs where demand is growing are mid-skilled roles that require post-secondary training, yet not always a full university degree. Globally more than half of the companies surveyed are investing in learning platforms and development tools to build their talent pipeline, an increase of 20 percent from 2016. In APAC the percentage is slightly lower, but relatively consistent through the last years with 42 percent of employers in 2016, and 41 percent in 2018 that are investing in learning platforms and development tools.
Globally 30 percent of employers are also changing their existing work models, and 23 percent are offering flexible work arrangements. In contrast, 22 percent of APAC employers are changing their existing work models, and 19 percent are offering flexible or remote working options.
Companies are reaching new talent pools to attract people from the sidelines – 33 percent are looking at different demographics, age ranges or geographies to tap talent including boomerang retirees, long-term unemployed or returning parents and part-timers. In APAC 29 percent of employers are reporting the same.
“We continue to see increasing demand for skilled workers across all sectors of the Malaysian economy from manufacturing to business process outsourcing," said Sam Haggag – Country Manager Malaysia and Indonesia. "Employers cannot find the people they need with the right blend of technical skills and human strengths. It's time for a new approach to attract, recruit and retain talent. Employers need to buy skills where necessary, borrow from external sources and help people with adjacent skills bridge from one role to another. We need to value potential over performance. Above all, we need to be builders of talent, rather than consumers of work to create a workforce with the skills companies and individuals need to thrive today and tomorrow."
Solutions to Build, Buy, Borrow, Bridge:
BUILD. Invest in learning and development to grow the talent pipeline and upskill the existing and potential workforce.
BUY. In a tight labor market, go to the external market to find the best talent that cannot be build in-house in the timeframe required to fill immediate openings.
BORROW. Cultivate communities of talent inside and outside the organization including part-time, freelance, contract and temporary workers to complement existing workforce.
BRIDGE. Help people move on and move up to new roles inside or outside the organization.
For more details on the talent shortages around the world, including an interactive data explorer tool, visit www.manpowergroup.com/talentshortage.
ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower®, Experis®, Right Management® and ManpowerGroup® Solutions – creates substantially more value for candidates and clients across 80 countries and territories and has done so for over 70 years. In 2019, ManpowerGroup was named one of Fortune's Most Admired Companies for the seventeenth year and one of the World's Most Ethical Companies for the tenth year, confirming our position as the most trusted brand in the industry. See how ManpowerGroup is powering the future of work: www.manpowergroup.com.