Indian Employers Face Third Highest Talent Shortage: Survey
Employers in India report the third highest talent shortage globally, with as many as 64 per cent of employers facing difficulty finding candidates with the right skills to fill open positions, according to a survey by US-based consultancy ManpowerGroup.
According to the survey of more than 37,000 employers in 42 countries and territories, employers in Japan report the greatest talent shortage globally (81 per cent), followed by Peru (67 per cent) and India (64 per cent).
Employers across the world continue to be plagued by talent shortage, as 36 per cent of global employers are facing difficulty in finding candidates with the right skills to fill open positions, the survey said.
"Talent shortages continue to persist and are impeding employers' ability to deliver value for their customers," said Jonas Prising, chief executive of ManpowerGroup, a multinational HR consulting firm.
"Due to the lack of applicants with the right technical competencies, experience and soft skills, one out of three employers struggle to fill open roles," he added.
More than 50 per cent of global employers reporting talent shortages say the shortages significantly impact their ability to meet client needs, according to the survey.
Moreover, 40 per cent of employers say the shortages reduce their competitiveness/productivity. Also, one in every four employers surveyed is exploring new talent sources.
The top 10 jobs for which it is most difficult to get candidates in the Asia Pacific region include engineers, sales representatives, skilled trades, accounting & finance staff, sales managers, technicians, IT staff, management executive, researchers (R&D) and production operators/machine Operators, as per the survey.
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