Navigating Talent Scarcity: Unleashing the Power of Retention, Reskilling, and Recruiting

In a world where the demand for skilled individuals outweighs their availability, HR professionals are faced with the challenge of addressing talent shortages. At ManpowerGroup Talent Solutions, we recognise the significance of Retention, Reskilling, and Recruiting as key pillars for HR success. Catch up on our recent webinar in partnership with HRD Connect as we delve into these critical elements and their collective power in overcoming talent scarcity and building a resilient workforce.

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Reskilling, Upskilling and Contingent Workforce Management – You need a Managed Service Partner, not simply a Managed Service Provider

In a hyper-competitive talent market, reskilling and upskilling existing workers alongside the strategic engagement of contingent talent is a proven pathway to success. However, organisations will need clear visibility over their total workforce, expert talent intelligence, and the guidance of a committed Managed Service Partner to overcome the many obstacles that stand in their way.

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How reskilling has become the talent solution of the future

Ninety-four percent of UK workers will need reskilling by 2030. Let that sink in for a moment – it’s a huge number. Our recent MEOS indicates 44% of UK organisations reported optimistic recruitment intentions as they entered Q3 2023, with a +29% net hiring outlook. However, an acute shortage of skilled workers, high employee demand for hybrid working and workers’ rising compensation expectations will still leave many businesses struggling to secure the talent they urgently need.

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ManpowerGroup Employment Outlook Survey – Q3 2023

Employer hiring confidence has grown in almost every sector, rising by eight percentage-points to +29% since last quarter, according to the latest ManpowerGroup Employment Outlook Survey. The ManpowerGroup Employment Outlook Survey is based on responses from 2,013 UK employers and asks if they intend to hire additional workers, maintain current headcount, or reduce the size of their workforce in the coming quarter (July to September 2023).

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Seasoned Workers Report

Introducing the latest report from Talent Solutions: Seasoned Workers: Unlocking New Opportunities Whilst Embracing Experience. In a time of widespread talent shortage, this insightful report sheds light on the pressing issue faced by 80% of UK businesses struggling to secure the skilled workforce they need.

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