There has been a growing shortage of skilled labour forces across several developed nations. Japan and the United States have been short-listed amongst the top-ranked developed economies with talent shortages.
A study revealed 34 pct of world employers are facing difficulty in placing right skilled labour force in their projects. They have significantly pointed out that there are too few applicants and they also lacked hard skills required for the job. The study was conducted by staffing services giant Manpower Group which stated that the figures remain unchanged from 2011 but up from past three years records.
Manpower polled nearly 40,000 employers in 41 countries and territories and detailed a few shocking revelations from the employers. Few of the top reasons for not filling jobs were listed as lack of applicants, too few hard skills like speaking a foreign language and definitely a lack of experience.
Lack of Vocational Programs
Although there has been a significant rise in the 4-year degree courses universities and colleges but there has been a constant decline in vocational and training programs. Skilled labours from industries retire who have the experience and the young talent does not take up technical education in vocational programs.
Employers across the Globe
Employers in Japan reported dearth of sales representatives, technicians, drivers, laborers and information technology staff while accountants, finance workers, chefs and managers were also in shortage.
Employers in Brazil, Bulgaria, Australia and the United States also reported shortage of skilled manpower especially in technical and business-oriented job categories. There has been a record shortage of teachers and nurses as well in the services industry.
The study revealed that most employers combat the problems by either training their existing staff or expanding their horizons to employing foreign skilled workers. Looking at the current economic scenario, hiring foreign workers seems a better option to the employers across the world. Skilled labour from developing economies saves employers from the increasing cost burden.