Sentences with phrase «talent mismatch»

Despite a modestly rising economic growth rate, higher talent mismatch indicator scores and a declining supply of labour — which would otherwise lead to a more pressured labour market — the Index score for Europe and the Middle East is 5.4 this year, down slightly from 5.5 last year.

Equally, it's no coincidence that Germany and Austria, which have effective apprenticeship schemes, have some of the lowest talent mismatches in our report.

Singapore's educational performance is among the best in the Index, yet high scores for talent mismatch and wage pressures in both high - skill occupations and industries suggest some significant skills - related friction within the labour market.

A fall in the rate of unfilled vacancies and falling structural employment suggests talent mismatch issues are declining.

Talent mismatch remains a big issue for Portugal but it is starting to be addressed, as the educational system seems to be making an effort to adapt its academic offering to the needs of the labour market.

The report titled «The Great Talent Mismatch» and produced in collaboration with Oxford Economics, is based on an analysis of professional employment markets across 30 major global economies.

In my last article I gave tips on how to engage temporary workers to address talent mismatches within your organisation.

Employment policies and educational policies, not economic conditions are the keys to tackling the global talent mismatch

The global economy is facing a severe talent mismatch with 18 out of 30 leading economies facing some form of skills shortages while unemployment and unfilled vacancies are rising.

She learned that her extreme discontent is stemming from a significant talent mismatch with law and that her strongest abilities are sitting idle all day.

This is supported by findings from the Hays Global Skills Index, which in Australia found that there is a widening talent mismatch between the skills candidates possess and those employers require.

Despite this large available pool of potential workers, the rising talent mismatch indicator for Brazil suggests employers may still struggle to find the skills they need.

The beginning of 2017 saw vacancies outnumbering candidates four to one in an «acute talent mismatch», according to the company.

Unemployment continues to inch downward, however the score of 9.6 for talent mismatch mirrors the challenges employers face when hiring in the oil and gas industry.

Talent Mismatch continues to be ranked as the highest indicator at an 8.0, and definitely Canada's most significant issue.

The problem of talent mismatch spans several continents.

«Pressure won't abate in 2017 and companies will continue to compete to secure candidates due to Japan's relentless talent mismatch.»

As Industrial Internet engineers are required to have expertise in both machinery and data science, we expect to see considerable talent mismatch due to the dramatic shortfall between the number of highly skilled professionals and the high demand for positions to be filled.

The Index was created using seven key indicators, from talent mismatch to wage pressure, each of which contribute to the final Index score to measure the pressures being faced by individual markets for skilled labour.

Since 2012 the UK's talent mismatch level — the gap between the skills people can offer and the skills employers are looking for — has increased every year.

Despite the score still being high, the US» talent mismatch indicator is lower this year than last due to the country's long term unemployment rate declining.

Watch Richard Eardley, MD for Hays Ireland, giving his keynote speech on «The Great Talent Mismatch»

As a result, our recent report, the Hays Global Skills Index, was a hot discussion point about how the world is facing a global talent mismatch and employers need to start looking for candidates from outside of their backyard.

A key finding is that sectors such as construction, IT and engineering are among the hardest hit by a widening talent mismatch — a measure of the gap between the skills that workers can offer, and those that businesses are looking for.

But I had breakfast with a friend and he told me about the talent mismatch on dating apps.

Restrictive skilled migration policies continue to be a challenge for the global mobility of talent, often exacerbating the talent mismatch in specific areas.

However the Talent Mismatch score of 10 is reflected in the continued skills shortage in the local oil and gas labour market.

In fact, a transformation of the business model could lead to a temporary problem of talent mismatch that was reflected in the Hays Global Skills Index which awarded China a relatively high score of 4.9.

For key oil and gas countries included in the report, there is a clear trend as «talent mismatch» and «wage pressure in high - skill industries» indicators are consistently high, underscoring the continued challenges employers are facing in attracting and / or developing the right skills.

Worryingly though, «talent mismatch» poses a recruitment challenge, especially in developed economies strongly returning to pre-crisis levels, such as the US, Germany and the UK.

So how do we address this talent mismatch?

The United States ranks as a 10.0 on the talent mismatch issue, Canada an 8.0, and the United Kingdom a 9.0.

A slight fall in the rate of long - term unemployment contributed to the decline in the talent mismatch indicator.

In the Europe and Middle East region, there has been a rise in talent mismatch, but the effect on the overall score has been limited by easing wage pressure in the whole economy.

The bigger story in the Americas is that Talent Mismatch is less of a problem, indicating that employers are able to find the employees with the required skills more easily than before.

New Zealand saw an improvement in its talent mismatch indicator, due to the number of people who have been out of work for a year or longer falling.

Talent mismatch has improved, with falling levels of long - term unemployment reducing the risk of the labour force losing skills.

However the talent mismatch remains a significant issue and skills shortages are still prevalent.

Despite the talent mismatch being a significant concern based on the barometer, Canada has the system in place to address this mismatch head on, as indicated in the Index.

And in the Americas, a decline in talent mismatch — due to falling vacancies and long - term unemployment rates — has been outweighed by an increase in wage pressure in high - skill occupations, particularly in Chile.

Rising vacancies are a growing challenge in many European countries, and that has pushed the average score for the talent mismatch indicator up.

Employers continue to experience difficulties while navigating the supply and demand of skilled labour due to issues such as talent mismatch, inflexible labour markets and wage pressures in high - skill industries or high - skill occupations, with important implications for educators, policy makers, firms and workers everywhere.

Interestingly, on the other side of the world, Australia is on the other side of the spectrum, with a 4.0 in talent mismatch; meaning they have the right talent aligned with their business needs, just not enough people to meet the demands by employers.

The overall message I took away, was that despite warning signs in the economy and issues that need to be addressed around skills shortages and talent mismatches, there is a positive outlook in Canada due to the innovative, hardworking and determined overall Canadian business and professional mindset.

The indicators range from Education Flexibility, to Labour Market Flexibility, Talent Mismatch to Wage Pressures in high - skill industries and occupations.

Perhaps more important is evidence that talent mismatch is less problematic in four of the six countries in the region.

Meanwhile, the rate of long - term unemployment, which contributes to the talent mismatch indicator, has recently declined in the US, Canada and Mexico.

A significant challenge is talent mismatch: the simultaneous existence of vacancies and people who are looking for a job yet can not find one because the skills they offer are not those employers are seeking.