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The
Talent
Shortage

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.

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01

Driving Factors

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.

02

Filling The Gap

Whoever holds the skilled talent holds the key to the future.

03

Building Human Strengths

As every aspect of life becomes more tech-enabled, human strengths stand out. 

04

ADDRESSING THE SKILLS GAP

As skills needs are changing faster than ever and talent is at a premium, employers are reassessing their workforce needs and how to meet them.

Organizations are now planning to invest in their people more than ever before.

 

 

 

 

 

 

05

OVERCOMING TALENT SHORTAGES

3 in 5 organizations (60%) plan to offer more flexibility for when or where work is done as talent scarcity grows.

Accelerate Your Talent Strategy

To keep pace, an effective talent strategy should comprise four key elements: build, buy, borrow, bridge.

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1_Build-01
Build

Invest in learning and development to grow your talent pipeline

2_Buy-01
Buy

Go to the external market to attract talent that can’t be built in-house

3_Borrow-01
Borrow

Cultivate communities of talent outside the organization

4_Bounce-01
Bridge

Help people move on or move up to new roles within the organization

SOLVE YOUR TALENT SHORTAGE CHALLENGES

As workforce experts, ManpowerGroup finds work for millions of people each year around the world. Find out how we can help your organization find and retain the best talent.

ABOUT THIS SURVEY

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.