As the global economy steadily recovers, employers are more optimistic and hiring demand remains strong.
Combined with changing skills needs, talent shortages have been pushed to their highest levels since our survey began in 2006.
As labor markets strive to rebound from the impacts of the pandemic, a talent shortage of historical scale has catalyzed. In Singapore, 83% of companies have reported talent shortages and difficulty hiring, dipping 1 percentage point from 2022's record high.
In our ManpowerGroup Talent Shortage survey, we provide the real-time data and insight companies and people need to respond to today’s trends.
To keep pace, an effective talent strategy should comprise four key elements: build, buy, borrow, bridge.View Related Content
Invest in learning and development to grow your talent pipeline
Go to the external market to attract talent that can’t be built in-house
Cultivate communities of talent outside the organization
Help people move on or move up to new roles within the organization
Reputation Leaders carried out quantitative research with more than 40,000 employers across all industry sectors in 40 countries and territories: Argentina, Australia, Austria, Belgium, Brazil, Canada, China, Colombia, Costa Rica, Czech Republic, Finland France, Germany, Greece, Guatemala, Hong Kong, Hungary, India, Ireland, Israel, Italy, Japan, Mexico, Netherlands, Norway, Panama, Peru, Poland, Portugal, Romania, Singapore, Slovakia, South Africa, Spain, Sweden, Switzerland, Taiwan, Turkey, UK and USA.