As the talent shortage intensifies, we are seeing the current skills gap increasing, which is leading to intense competition in the market. To future proof against this, the focus for organisations is to aim for a sustainable ecosystem where every individual is connected and engaged to an organisation with purpose.

Whilst hiring confidence remains positive across all sectors, according to the latest ManpowerGroup Employment Outlook Survey (MEOS) for Q4, new candidates are faced with less bargaining power as employers prioritise retaining their existing workforce.

We are proud to share ManpowerGroup’s latest ESG Report, Working to Change the World, detailing our commitment to shaping a more sustainable, resilient future for all, and our progress against our three pillars: how we are caring for the Planet, amplifying our impact on People & Prosperity, and adhering to strong Principles of Governance with new awareness and urgency.

The world of work has irrevocably changed, and talent is now in extremely short supply which is leading to intense competition. This situation is worsened by the current skills gap and demographic shifts, ensuring that in-demand workers will have the upper hand for the foreseeable future.

The UK Net Employment Outlook has fallen to +25% for Q4, a decline of eight percentage-points on Q3, and a decrease of six percentage-points year-on-year according to the latest ManpowerGroup Employment Outlook Survey (MEOS). Whilst hiring confidence remains positive across all sectors, new candidates are faced with less bargaining power as employers prioritise retaining their existing workforce.

Organisations creating a digital-first workforce need to blend talent with the right tools to increase productivity, improve decision-making, and build bottom line success.

Leaders who want to empower innovation, improve retention, and maximise business performance will invest in upskilling and reskilling their workforce.

At a time when skilled workers are a precious commodity, keeping existing employees engaged and satisfied at work is a key focus for businesses across the globe. And yet, many organisations are finding themselves increasingly faced with a workforce that is both disengaged and unhappy with their work. So how can businesses avoid falling victim to these trends, and ensure their workforce remains engaged and retained? Here, we look at three common challenges and the ways in which your business could begin addressing them:

As 40% of workers globally say they could leave their jobs in the next three to six months, and spiraling energy costs take their toll on businesses’ bottom lines, implementing and refining a workforce career management strategy will be crucial to retaining and developing the talent needed to achieve sustained success.