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Nearly 70 percent of employers worldwide have difficulty filling vacancies, according to employment service provider ManpowerGroup Inc.
This marks a maximum of 15 years for the second consecutive quarter, underscoring the notion that attracting workers remains a major hurdle for companies, according to ManpowerGroup Survey of employment prospects of about 45,000 entrepreneurs.
The industries that have the most difficulty in fulfilling functions are manufacturing and finance. According to the survey, about 80% of the organizations that plan to hire in these sectors reported that they had difficulty finding qualified talent.
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To combat this struggle, approximately 67% of employers offer more flexibility in working hours and are clearer in the place where the work is done, according to the survey. About 41% invest in training, skills development and mentoring.
However, 15 markets around the world, including the United States, reported their highest hiring prospects since the survey began in 1962. The United States, along with Canada and India, are they are among the countries that have some of the strongest recruitment prospects.
A “now contracting” sign on Melrose Avenue amid the coronavirus pandemic on April 22, 2021 in Los Angeles, California. (Alexi Rosenfeld / Getty Images)
U.S. employers, as well as those in Canada and Mexico, have stronger hiring intentions. The 12 industrial sectors in the United States reported that they had “intentions to hire for a maximum of ten years” with plans to recover workers after the pandemic.
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“This recovery is different from anything we’ve seen before, with a much faster hiring intention than after the previous economic recession,” said Jonas Prizing, CEO of ManpowerGroup.
Prizing said the company sees strong increases in hiring optimism as “vaccine deployments increase and blocking restrictions ease in many markets.”
However, fears surrounding the virus and the recent increase in cases driven by the COVID-19 delta variant have stifled recruitment plans.
“Some workers are hesitant to re-engage with employers as factors that include child health and care issues continue,” Prizing added.
As the talent shortage continues, companies will continue to prioritize “retaining and training workers with the skills they need to succeed while economic recovery continues,” he said.