Talent scarcity remains a major challenge for businesses across all sectors, as 69% of employers cannot find the skills they need. And with an ever-changing working landscape, the skills and qualities needed within a workforce continue to change as well. Many organisations are focusing on these new and emerging skills when hiring new employees, and are naturally looking at younger generations to fill these gaps.
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The pandemic exposed weaknesses that many companies may not have even known they had. The global talent shortage, the need to scale up tech operations quickly to accommodate remote work and other digital operations, and managing the rising demands from people looking for more from their professional lives, have shaken many businesses to their core. This has forced most to reflect, regroup and reset as they seek a new and more sustainable path for the future.
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The art of leadership is under extreme scrutiny, as organisations struggle to find and develop the leaders they need for continued competitive advantage. Research has found that seven in ten organisations feel that their leaders are unable to effectively lead their business into the future, despite growing investment into the development of leadership capabilities.
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Having previously spoken about how changing employee expectations have sparked a ‘great realisation’ among employers as to the importance of supporting their workforce, it’s now time to examine the workforce landscape and how it is driving the need for action from business leaders.
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The gender gap in leadership has been widely recognised in recent years, with many organisations calling out for gender equality, including The European institute for Gender Equality and Gender at Work alongside others contributing to the promotion of gender equality.
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Despite many sectors in the UK experiencing a skills shortage and struggling to fill vacancies, people with disabilities are often overlooked for opportunities and are twice as likely to be unemployed as non-disabled people. Through Workfit, the Down Syndrome Association’s employment programme, job-seekers who have Down syndrome are now in jobs they want and enjoy. The benefit to employers is an untapped, highly motivated pool of talent ready to learn and get to work.
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Strong hiring optimism continues into the second quarter of 2022, according to the latest ManpowerGroup Employment Outlook Survey of more than 41,000 employers across 40 countries and territories. In the UK, +31% of employers plan to add to their workforce –down by two percentage points on Q1, but up by 30 percentage points year-on-year.
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Shifting demographics including shrinking birth rates, reduced mobility across borders and the rise in early retirees means talent is scarce. 69% of employers cannot find the skills that they need. Now is the time for businesses to get even more creative – attracting, upskilling, reskilling and retaining valued workers. Whoever holds the talent holds the future.
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To #BreakTheBias ManpowerGroup is calling for more companies to respond to What Women Want at Work. With women leaving the workforce at alarming rates, there’s an urgent need for employers to better understand what women want at work to thrive.
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Remote work, online ordering, and click and collect are just some of the lasting impacts of the pandemic as every company has now become a digital business. More than 80% of employers have accelerated digitisation in response to COVID-19, and consumers and employees alike now expect tech to make the way they live and work easier.
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