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How the Skills Gap Affects the Global Economy

HOW THE SKILLS GAP AFFECTS THE GLOBAL ECONOMY Employers in the world's 10 largest economies are all struggling with the same task: finding skilled workers to fill open positions. When businesses lack the necessary skilled workers, they suffer from less effective business performance, lower quality work, lower morale and higher employee turnover. WHICH POSITIONS INFORMATION TECHNOLOGY ENGINEERING ARE HARDEST TO FILL? Brazil China Effects from the skills gap can be Germany Germany seen in companies of all industries around the globe. Employers in 7 of the 10 largest economies say IT positions are among the most difficult to fill. When looking at the three hardest-to-fill positions across India Japan Japan U.K. U.K. U.S. U.S. Russia all 10 countries, these eight fields rise to the top. Russia CUSTOMER PRODUCTION SALES SERVICE Brazil France Brazil France Germany France Italy Italy U.K. Russia U.S. RESEARCH & DEVELOPMENT CREATIVE/DESIGN MARKETING China China India India Italy Japan HOW MANY EMPLOYERS HAVE POSITICNS THEY CAN'T FILL? In the top 10 economies, employers in Brazil, Russia, India and China (the BRIC countries) are having the most difficulty filling vacancies. These four markets are also where the largest percentage of employers plan to hire full-time, permanent employees in 2013. 74% 63% 57% 53% 31% CHINA BRAZIL RUSSIA INDIA GERMANY 28% 26% 23% 18% JAPAN U.S. FRANCE UK. ITALY BRIC COUNTRIES SUFFERING MOST FROM VACANCY VACANT POSITIONS The skills gap is being felt throughout the global economy, from the BRIC countries to Europe and beyond. While U.S. companies are the least likely of the 10 economies to cite a negative impact from extended job vacancies, a significant number - nearly two-in-five - have been affected. help wanted China 81% Brazil 74% Russia 74% India 69% Italy 55% France 47% U.K. 41% Japan 40% Germany 39% U.S. 38% HOW ARE COMPANIES SUFFERING FROM THE SKILLS GAP? Employers who say they've felt the ramifications of extended job vacancies point to three major setbacks: loss of productivity, loss of revenue, and difficulty expanding their businesses. While these problems affect business worldwide, the following countries are where employers reported feeling them the most. LOSS OF REVENUE INABILITY TO GROW BUSINESS LOSS OF PRODUCTIVITY 65% 29% 33% 41% 26% 25% 40% 26% 24% This survey was conducted online within the U.S., Brazil, China, France, Germany, India, Italy, Japan, Russia and the U.K. by Harris Interactivee on behalf of CareerBuilder among 400 to 2,611 hiring managers and human resource professionals (employed full-time, not self-employed, non-government) in each country between November 1 and November 30, 2012. careerbuilder RUSSIA CHINA JAPAN CHINA RUSSIA FRANCE JAPAN CHINA

How the Skills Gap Affects the Global Economy

shared by CareerBuilder on Mar 20
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Employers in the world’s 10 largest economies are all struggling with the same task: finding skilled workers to fill open positions. When businesses lack the necessary skilled workers, they suffer f...

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Susan Moye

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Economy
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