Global talent crunch hits record high, 54% companies face talent shortage

Attracting and retaining skilled workers has become a challenging affair as 54 per cent of companies globally reported talent shortages, the highest in over a decade, according to a new research by ManpowerGroup.

According to the research, 54 per cent of companies reported skill shortages with businesses in 36 out of 44 countries finding it more difficult to attract skilled talent than in 2018.

Employers in the US (69 per cent), Mexico (52 per cent), Italy (47 per cent) and Spain (41 per cent) reported the most acute shortages.

“In an increasingly tech-enabled world, people with skills are in demand,” ManpowerGroup Chairman and CEO Jonas Prising said.