Companies are grappling with a shortage or lack of talent after the effects of the pandemic. A Talent Shortage survey by ManpowerGroup showed that 75% of businesses had reported talent shortages and difficulty hiring top candidates.
It has been reported that shrinking birth rates, reduced mobility across borders, a rise in early retirement, great resignation, and more women vacating workplaces have been other factors that have contributed to the problem.
These factors have significantly played a negative impact on the growth of every business sector. It has been reported that, with the right skilled people in place, businesses are not meeting the standard to meet the expectations of their customers.
Managing Director at ManpowerGroup SA, Lyndy van den Barselaar has stated that behind every challenge, there is an opportunity to recreate and improve.
“Now is the time for companies to get creative in attracting, recruiting, upskilling, and retaining valued workers.
“While many companies are turning to wage increases as a means to retain staff and others are offering better leave packages, these are only the tip of the iceberg for companies wanting to win over the best talent. Companies leading the charge are adopting other approaches to navigate talent scarcity,” said Barselaar.
With technology coming up with new software, it can be said that upskilling and reskilling will become non-negotiable for people and organizations as more roles continue to demand, and Barselaar has advocated that notion.
“The need for soft skills, including adaptability, communication, and teamwork from everyone, is critical. Employers will need to ensure their people are constantly being provided chances to improve their skill sets; investing in people will pay dividends for the business in the long run,” she said.
Companies should be open-minded in understanding the issues shaping what workers want and try to implement solutions to meet those needs. If that is correctly dealt with, then, only then will companies will solve the talent shortage problems.
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