Global Skills Shortage to Challenge Traditional Recruitment Methodologies
Officially the world is in an acute talent shortage! It is far greater than the 2018 Global Skills Shortage, and one that has almost doubled in size in the last decade according to data just released by Manpower International. It appears that many of the world’s leading economies are experiencing the same acute skills shortages which will impact economic recovery, as regional economies hit the spending trigger, and this usually means large scale infrastructure development.
Sourcing and retaining talent are becoming even more strategic as organisations compete for like skills from a finite talent pool. To be able to pinpoint talent is vital and traditional recruitment practices will be challenged. It is one thing to be able to recruit from an “active” pool of talent, but organisations will need to become focused on sourcing human capital from “passive” candidate communities. It will be those potential recruits who are not actively seeking a change in their employment stakes, who will become the focus of the recruitment industry. Identifying talent and then successfully soliciting it has been the mantle of the executive search illuminati for years. This will now need to become the common mantra for the recruitment industry.
Over the last several years we have seen some movement towards this as traditional job boards have fallen away as a preferred mode of soliciting talent. If anything, the pandemic’s effect on eliminating the global transference of skills has exacerbated the issue!
In the short term what does this all mean. The recruitment process as we know it will need to adopt technology designed to assist with talent acquisition. Identification of talent is one thing, being able to engage that talent and then harness it is becoming almost a science form. The adoption of technology in this area is becoming more prevalent, because without it you are placing your organisation at risk from not being able to compete for skills.
It appears the greatest skills shortage the globe has experienced is upon us, and for those organisations who have not prepared by having an arsenal of recruitment resources at the ready will be destined for failure.
Ubidy-Global Skills on Demand.
www.ubidy.com