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Talent Shortage Affects Employers Worldwide

Talent Shortage Affects Employers Worldwide . / Credit: Dreamstime.com

Despite the continued high unemployment rate, a new study shows nearly half of all U.S. businesses are having trouble filling critical positions within their company.

While the number is slightly lower than last year, the survey by Manpower Group revealed it is significantly higher than their global counterparts, where 34 percent of employers worldwide are having difficulty filling jobs.

Among the 41 countries and territories surveyed, employers in Japan, Brazil and Bulgaria are struggling the most to find the right people for their open jobs.

Specifically, skilled trades, engineers and IT personnel are the hardest positions to fill, according to the study.

The survey shows the most common reasons employers are having trouble filling jobs include having a shortage of available applicants, applicants looking for more pay and lack of experience from applicants.

"This skills mismatch has major ramifications on employment and business success in the U.S and around the globe," said Jonas Prising, ManpowerGroup's president of the Americas. "We're seeing too many employers become complacent about the talent shortage and ultimately they will struggle to realize their business objectives."

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Prising advised businesses to align their workforce strategy with their business strategy to anticipate talent needs for both today and the future.

Overall workforce strategies must plot current and future needs of the business by factoring changing business conditions, emerging technologies, available workforce supply and human resources, Prising said.

"If done successfully, a winning workforce strategy can separate thriving market leaders from surviving competitors," he said.

The study was based on surveys of nearly 40,000 employers around the world.

Chad Brooks is a Chicago-based freelance business and technology writer who has worked in public relations and spent 10 years as a newspaper reporter. You can reach him at chadgbrooks@gmail.com or follow him on Twitter @cbrooks76.

Chad  Brooks
Chad Brooks

Chad Brooks is a Chicago-based freelance writer who has nearly 15 years experience in the media business. A graduate of Indiana University, he spent nearly a decade as a staff reporter for the Daily Herald in suburban Chicago, covering a wide array of topics including, local and state government, crime, the legal system and education. Following his years at the newspaper Chad worked in public relations, helping promote small businesses throughout the U.S. Follow him on Twitter.