Talent Solutions recently partnered with HR Grapevine for a webinar which delved into the topic of ‘Ageless Talent’ and the valuable contributions of older workers in bridging the skills gap.
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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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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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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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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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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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Businesses and employees are coexisting in a highly volatile, uncertain, complex and ambiguous world, whereby organisations are having to make hard decisions regarding redundancies, and employees are faced with a sense of unprecedented overwhelm – both professionally and personally.
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Achieving diversity within the workplace, and specifically at executive level, has been a long-standing challenge within the world of work. A more diverse workforce brings with it a broader range of experiences, skills and perspectives that are fundamental for creativity, productivity and business success.
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A combination of rising energy costs, inflation and the cost of living crisis means that many organisations will have less capital to invest in recruitment – with 21% of UK businesses feeling cautious about hiring new employees or contractors in fear of a recession, resulting in hiring intentions falling 10% year- on-year. At the same time, employees are looking for improved renumeration to help manage the personal impact of the same economic factors. This is likely to lead to a disconnect between businesses and their workforces, with employers wanting to retain talent but lacking the financial capacity to raise salaries in line with what their employees are demanding.
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The demands placed upon leaders and their businesses by employees are continuously evolving. They are expected to understand, reflect and respond to the values, wants and needs of their entire workforce, especially if they wish to retain talent in an extremely competitive market. And recent ManpowerGroup research has identified a number of workforce trends that are driving a response from leaders across all sectors.
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