Hiring Outlook Remains Optimistic for Q2 as Global Talent Shortage Hits 17-Year High
- Employers in all 41 countries anticipate a positive hiring Outlook in Q2, with 22 of 41 countries reporting higher intentions compared to last quarter.
- The most optimistic Outlooks are reported by employers in IT, Communication Services, and
- Global talent shortages are at an all-time high: 77% of employers report difficultly in filling roles, with the most difficult roles to fill in IT & Data, Engineering, and Sales & Marketing.
Hiring intentions remain unchanged from last quarter at +23%, while employers continue to have difficulty finding people with the right skills. Organizations say IT & Data (27%), Engineering (22%), and Sales & Marketing (20%) skills are among the most sought-after technical skills they're looking for, with Reliability & Self-discipline (29%), Resilience & Adaptability (26%), Critical Thinking & Analysis (26%), Creativity & Originality (26%), and Reasoning & Problem-solving (26%) the top-desired soft skills.
"Despite economic pressures, hiring Outlooks remain resilient and employers across every industry continue to look for in-demand roles," said
EMPLOYMENT OUTLOOK SURVEY KEY FINDINGS
- Employers around the world continue to anticipate hiring more workers in the second quarter, reporting a seasonally adjusted Net Employment Outlook of +23%, which remains unchanged from Q1.
- Overall, the strongest hiring intentions are among organizations in
Panama(+41%), Costa Rica(+38%) and Guatemala(+38%); with employers in Hungary(+2%), Greece(+7%) and Poland(+8%) reporting the least optimistic Outlooks.
- Among the world's largest economies, the US (+30%),
France(+26%), the UK(+21%), and Germany(+19%) all report positive hiring Outlooks in the coming months.
- Regionally, organizations in
North Americareport the strongest hiring intentions (+30%), followed by South and Central Americas(+27%), and Asia Pacific(+27%); while the weakest hiring intentions, although steady, are in Europe, Middle East, and Africa(+18%).
- When compared with the previous quarter, Outlooks improved in 22 countries, with the biggest quarter-over-quarter changes in
Europe— particularly in the Czech Republic(+14%), Norway(+10%), and the Netherlands(+10%).
- Employers in IT (+34%), Communication Services (+30%), and Financials & Real Estate (+29%) report the most optimistic hiring Outlooks, with those in Health Care & Life Sciences (+25%), Industrials & Materials (+21%), and Consumer Goods & Services (+18%) reporting the lowest.
TALENT SHORTAGE SURVEY KEY FINDINGS
- Nearly 4 in 5 (77%) of employers globally report difficulty finding the talent they need, rising 2% year-over-year and more than double the difficulty in 2015 (38%).
- Employers in Communication Services (79%), Energy & Utilities (79%), Health Care &
Life Sciences (78%), and IT (78%) report the greatest difficulty finding the talent they need.
- Employers in
Asia Pacific(82%) and North America(79%) report the biggest challenges filling roles, followed by Europe, Middle Eastand Africa(77%), and Central and South America(72%). Taiwan(90%), Germany(86%), and Hong Kong(85%) are among the countries facing the highest talent shortages.
- Employers report the top five in-demand technical skills are IT & Data, Engineering, Sales & Marketing, Operations & Logistics, and Customer Facing & Front Office.
- Reliability & Self-Discipline, Resilience & Adaptability, Critical Thinking & Analysis, Creativity & Originality, and Reasoning & Problem-Solving are the top five in-demand soft skills.
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