2014 Talent Shortage TrendsUnderstanding the Challenges
Tom BeckerVice President of Recruiting
North America
April 7, 2023
ManpowerGroup 2Friday, April 7, 2023
Meet today’s presenter
2014 Talent Shortage Survey Results#TalentShortage
Tom Becker@TomBecker
Vice President of RecruitingNorth America [email protected]
Tweet along with Tom!#TalentShortage and @TomBecker
ManpowerGroup Friday, April 7, 2023
What we’ll cover today
2014 Talent Shortage survey results Top 10 hardest jobs to fill
Why employers are having difficulty filling positions and strategies to overcome the talent shortage
Recruiting strategies you can pursue
Job search tools you can leverage
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2014 Talent Shortage Survey Results#TalentShortage
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ManpowerGroup 4Friday, April 7, 2023
ManpowerGroupTM is the world leader in innovative workforce solutions. We leverage our global reach and local expertise of tens of thousands of people across more than 80 countries, making it possible for businesses to access the talent they need when they need it.
ManpowerGroupTM Solutions provides clients with human resources outsourcing services primarily in the areas of large-scale recruiting and outcome-based workforce-intensive initiatives, thereby sharing in the risk and reward with our clients.
ExperisTM is the global leader in professional resourcing and project-based workforce solutions. With operations in more than 50 countries, we deliver 53 million hours of professional talent specializing in IT, Finance and Engineering to accelerate clients’ businesses each year.
Right Management® is the global leader in talent and career management workforce solutions. Through our innovative and proprietary process, we leverage our expertise to successfully increase productivity and optimize business performance.
Manpower® is the global leader in contingent and permanent recruitment workforce solutions. We provide the personal flexibility and agility businesses need with a continuum ofstaffing solutions.
2014 Talent Shortage Survey Results#TalentShortage
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2014 Talent Shortage survey results Top 10 hardest jobs to fill1
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??Polling Question #1
How much difficulty are you currently having filling key positions due to lack of available talent?
A. Significant difficulty
B. Some difficulty
C. No difficulty
D. Unsure/not responsible for hiring
2014 Talent Shortage Survey Results#TalentShortage
ManpowerGroup 7Friday, April 7, 2023
U.S. Employers struggle to fill jobs
The survey revealed more than 1 in 3 U.S. employers report they are experiencing difficulty filling jobs due to a lack of available talent.
2014 Talent Shortage Survey Results#TalentShortage
14%
19%22%
41%
31% 30% 31%34% 34%
40%
Global
U.S.44%
41%
52%49%
39%
60%
40%
20%
0%2006 2007 2008 2009 2010 2011 2012 2013 2014
Percentage of U.S. Employers Having Difficulty Filling Jobs
35%
40%
36%
Source: ManpowerGroup 2014 U.S. Talent Shortage Survey
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U.S. Hardest Jobs to Fill
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Jobs employers are having difficulty filling in 2014
10 Hardest Jobs to Fill
2014 Talent Shortage Survey Results#TalentShortage
Source: ManpowerGroup 2014 U.S. Talent Shortage Survey
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Hardest to Fill Jobs – year-over-year comparison
2014
2014 Talent Shortage Survey Results#TalentShortage
Source: ManpowerGroup 2014 U.S. Talent Shortage Survey
2013
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Skilled Trades
#1 on the hardest jobs to fill list since 2010
• Includes: – Mechanics– Electricians– Tool & die makers / machinists– Welders– Bricklayers / Masons– Plasters / tilers / painters– Plumbers– Roofers– Carpenters / joiners / cabinet makers
2014 Talent Shortage Survey Results#TalentShortage
Source: ManpowerGroup 2014 U.S. Talent Shortage Survey
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Accounting & Finance Staff
#6 on the hardest jobs to fill list
• Highest in-demand Accounting & Finance staff: – Certified accountants– Book keepers– Accountants / financial controllers– Auditors– Financial analysts– Tax specialists
2014 Talent Shortage Survey Results#TalentShortage
Source: ManpowerGroup 2014 U.S. Talent Shortage Survey
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IT Staff
#8 on the hardest jobs to fill list
• Highest in-demand IT staff: – Systems experts:
analysts, consultants, engineers, security experts, systems experts
– Software experts: developers, programmers
– IT managers, project managers, directors– IT operators and technicians
2014 Talent Shortage Survey Results#TalentShortage
Source: ManpowerGroup 2014 U.S. Talent Shortage Survey
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??Polling Question #2
Are you surprised by any of the jobs on the top 10 list?
A. Yes, extremely
B. Yes, somewhat
C. Yes, a little
D. No, not at all
2014 Talent Shortage Survey Results#TalentShortage
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Why employers are having difficulty filling positions and strategies to overcome the talent shortage
2
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Why are employers having difficulty filling jobs?
2014 Talent Shortage Survey Results#TalentShortage
24%
2014
2013
0% 20% 40% 60%
Reasons Why U.S. Employers Are Having Difficulty Filling Jobs
Lack of technical competencies (hard skills)
Lack of workplacecompetencies (soft skills)
Lack of availableapplicants/no applicants
Looking for morepay than is offered
Lack of experience25%
27%
30%
32%
36%
33%
39%
48%
47%
Source: ManpowerGroup 2014 U.S. Talent Shortage Survey
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How are employers addressing talent shortages?
2014 Talent Shortage Survey Results#TalentShortage
0% 10% 20% 30% 40% 50% 60%
Strategies U.S. Employers Use to Overcome Talent Shortages
Adoptingnon-traditional
people practices
45%Exploring newtalent sources
Implementingalternative
work models44%
48%
Source: ManpowerGroup 2014 U.S. Talent Shortage Survey
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Employers are adopting new people practices
2014 Talent Shortage Survey Results#TalentShortage
0% 5% 10% 15% 20% 25%
Top Ways U.S Employers Are Adopting Non-traditional Practices
Providing additional training and development to existing staff
20%
14%
22%
13%
Redefining qualifying criteria to include people without
formal qualifications
Increasing starting salaries
Utilizing new recruitingpractices in response to
workforce strategy challenges
Providing clear careerdevelopment opportunities toapplicants during recruitment
12%
Source: ManpowerGroup 2014 U.S. Talent Shortage Survey
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Employers are using modified work models
2014 Talent Shortage Survey Results#TalentShortage
0% 5% 10% 15% 20% 25%
Ways U.S. Employers Are Using Modified Work Models
Increasing the focus onimproving our talent pipeline
15%
12%
20%
12%
Offering more flexible work arrangements
Redesigning current work procedures (e.g. sharing
work assignments)
Integrating contingent workers into the process
Providing virtual work options
8%
Source: ManpowerGroup 2014 U.S. Talent Shortage Survey
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Employers are seeking new talent sources
2014 Talent Shortage Survey Results#TalentShortage
0% 5% 10% 15% 20% 25% 30%
Ways U.S Employers Are Exploring New Talent Sources
Adapting talent sourcing to recruit more
untapped talent pools
Appointing people who don’t have the skills currently, but do
have potential to learn and grow
Partnering with educational institutions to align
curriculum to talent needs
25%
26%
13%
Source: ManpowerGroup 2014 U.S. Talent Shortage Survey
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Talent shortage impact
2014 Talent Shortage Survey Results#TalentShortage
0% 5% 10% 15% 20% 25% 30% 35% 40%
Level of Impact Talent Shortage Has On Employers’ Ability to Meet Client Needs
High Impact
39%
29%
17%
12%
Medium Impact
Low Impact
No Impact
Don’t Know 2%
Source: ManpowerGroup 2014 U.S. Talent Shortage Survey
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How the talent shortage impacts employers
2014 Talent Shortage Survey Results#TalentShortage
0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
How Talent Shortages/Skill Gaps Are Most Likely To Impact Employers
Reduced abilityto serve clients
37%
31%
45%
Reduced competitiveness/productivity
Increased employeeturnover
Lower employeeengagement/morale
Reduced innovationand creativity
20%
Higher compensation costs
27%
31%
Source: ManpowerGroup 2014 U.S. Talent Shortage Survey
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Recruiting strategies you can pursue3
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The Evolving Role of Human Resources
2014 Talent Shortage Survey Results#TalentShortage
Source: ManpowerGroup 2014 U.S. Talent Shortage Survey
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Sourcing channels• Referrals
• Career site
• Job boards
• Direct source
• College recruiting
• Rehires
• 3rd party
• Social media
• Temp/contract-to-hire
2014 Talent Shortage Survey Results#TalentShortage
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Top Sourcing Methods
According to you…
2014 Talent Shortage Survey Results#TalentShortage
Source: ManpowerGroup 2014 U.S. Talent Shortage Pre-Webinar Survey
42.35%
38.68%
11.32%
2.21% 1.32% 1.03%
.88%.88% .59% .59% .15%
Partnering with a talent resourcing firm
Social media (i.e. linkedin facebook)
Search large job board sites
Intern program
Ad hoc referrals
Other
Formal internal referral program
Campus recruiting
Advertise in local print media
Advertise in digital media
Search niche job board sites
Social media (i.e. LinkedIn, Facebook)
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Additional strategies you can pursue1. Recruit passive candidates
2. Cast a wider net by recruiting in different industries / broaden search outside of local region / broaden search outside of the country
3. Bring retired employees back part-time to work and train
4. Focus more on staff retention
5. Change recruitment strategies
6. Provide training and development to new and existing staff to fill vacancies
7. Partner with educational institutions to create curriculum aligned to talent needs
8. Offer mentor or intern programs
2014 Talent Shortage Survey Results#TalentShortage
ManpowerGroup 28Friday, April 7, 2023
Additional strategies you can pursue (continued)
9. Increase focus on improving talent pipeline
10. Increase starting salaries
11. Enhance benefits packages, including signing bonuses
12. Create an interim or stretch roles for best fit internal employees
13. Provide clear career development opportunities to applicants during recruitment
14. Provide virtual work approaches for applicants
15. In addition to traditional permanent roles, consider providing consider providing the option for contingent and assignments
16. Offer unexpected perks
2014 Talent Shortage Survey Results#TalentShortage
ManpowerGroup 29Friday, April 7, 2023
??Polling Question #3
How are you seeking new talent resources?
A. Adapting talent sourcing to recruit more untapped talent pools
B. Appointing people who don’t have the skills currently but do have potential to learn and grow
C. Considering new office locations or expanding existing facilities in areas where the talent resides
D. Partnering with educational institutions to create curriculum aligned to talent needs
E. Other / None
2014 Talent Shortage Survey Results#TalentShortage
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Job search tools you can leverage4
ManpowerGroup 31Friday, April 7, 2023
Job search strategies• Leverage the Manpower Employment Outlook Survey
– Tells you quarterly which states, metro cities and industries have the best hiring outlook: manpowergroup.us/MEOS
• Focus on developing your skills and getting experience most in demand
2014 Talent Shortage Survey Results#TalentShortage
ManpowerGroup 32Friday, April 7, 2023
Top Job Search Methods
According to you…
2014 Talent Shortage Survey Results#TalentShortage
Source: ManpowerGroup 2014 U.S. Talent Shortage Pre-Webinar Survey
26.17%
21.03%
15.42%
12.62%
8.88%
4.21%
3.74%
2.34%
2.34%1.87% 1.40%
Get referrals from your current network
Organized networking groups
Social Media (i.e., LinkedIn, Facebook)
Seach large job boards (i.e., Monster)
Other
Search niche job boards
Intern program
Working with a recruiter
Association meetings/events
Search individual company websites
Camput recruiting
Search large job boards (i.e., Monster, CareerBuilder)
Campus recruiting
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??Polling Question #4
Are you planning to look for a new job in 2014?
A. Yes, I intend to actively seek a new position
B. Maybe, so I’m networking
C. Not likely, but I’ve updated my resume
D. No, I intend to stay in my current position
E. I’m not currently employed
2014 Talent Shortage Survey Results#TalentShortage
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Thank you for participating.
For more information, visit:manpowergroup.us/talent-shortage
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