官方二维码

 
 

GROWING TALENT MISMATCH AND WEAK PRODUCTIVITY INCREASE PRESSURE ON GLOBAL LABOUR MARKET

   日期:2018-09-26     浏览:2990    评论:0    
核心提示:Global economic growth is not translating into improved labour productivity or higher wages Increasing mismatch between the skills workers possess and those desired by employers Women less likely to participate in the labour market and less likely to find

    • Global economic growth is not translating into improved labour productivity or higher wages

    • Increasing mismatch between the skills workers possess and those desired by employers

    • Women less likely to participate in the labour market and less likely to find skilled employment

While global economic growth is expected to maintain its momentum over the next twelve months, it is not generating a corresponding improvement in labour productivity or wage growth according to the seventh edition of the Hays Global Skills Index (‘the Index’), a report published today by recruitment experts Hays in collaboration with Oxford Economics.

This year’s report – titled ‘Investing in the Skills of Tomorrow; Avoiding a Spiralling Skills Crisis’ – examines professional employment markets across 33 markets and measures the ability of companies to access skilled workers, providing a unique insight into the health of the global labour market.

This year’s Overall Index score increased slightly from 5.3 to 5.4, suggesting that the global labour market has come under greater strain in the last year. The Overall Index score is an aggregate of the seven key indicators across all 33 markets surveyed. However, a subtle movement in the Overall Index score often masks a wealth of insight and information at an individual country/region level.

The Index revealed the main factor behind this tightening is the growing mismatch between the skills workers possess and those required by employers. This trend was seen across almost half of the markets assessed (16 out of 33) and is highlighted by a growing number of open job vacancies coupled with a higher rate of long-term unemployment, with the largest rises coming from within Europe (most notably Austria, France and Belgium).

The Index also highlights the economic damage being caused by the ‘global productivity puzzle’, which has seen labour productivity levels across the world flatline since the financial crisis a decade ago. The research indicated that many countries across Europe, the Middle East and the Americas are stuck in a low growth trap, whereby weak productivity growth has led to reduced investment in labour and capital, further weakening overall productivity levels. Most worryingly, this stagnation may be part of a longer-term trend; the result of macroeconomic forces such as an ageing population; a downturn in global trade; and reduced investment in education and training.

Finally, the data also presented a pattern of narrowing wage gaps between lower-skilled jobs and higher-skilled occupations, which may serve to reduce wage inequality levels globally. The research also showed across all markets covered in the report that the gender pay gap persists. It also revealed women are less likely to participate in the labour market than men and when they do, are less likely to find skilled employment.

The fast-changing work environment has led to the global labour force failing to develop the skills required to fill today’s roles. To bridge this gap, education programmes and on-the-job training need to be prioritised; low interest rates and stable global economics need to be utilised to increase investment in technology and infrastructure to help boost productivity; and diversity of all forms must be promoted. This may enable businesses to boost productivity and empower workers across the world to retain good quality jobs and boost wage growth.

Commenting on the findings of the Index, Alistair Cox, Chief Executive, Hays plc said:

“This year’s Index has highlighted a growing mismatch between the skills workers possess and the skills that are required by businesses. It’s already a problem if employers can’t find workers with the necessary skills and experience for today’s roles, and going forward the issue will only become more challenging with further advances in technology, particularly in AI and machine learning”.

“The Index has also exposed the alarming signs behind the global lack of growth in productivity and wages. Labour productivity across the globe has flatlined as firms fall behind with investing in new technology and crucial infrastructure development post the financial crisis, both aspects that can drive productivity forward.

“There are important long-term trends to consider here and the reasons behind them are important for business, policymakers and workers themselves. It is crucial that going forward more investment is made in education and on-the-job training so that workers can fill the roles their employers are creating and boost productivity. We are at a critical junction, where if we don’t seek to address these issues in the very near future, then the skills crisis risks spiralling out of control and the global labour market will struggle to keep up and provide the skills the world needs.”

*Countries/regions include: Australia, Austria, Belgium, Brazil, Canada, Colombia, Chile, the Czech Republic, Denmark, France, Germany, Hong Kong, Hungary, India, Ireland, Italy, Japan, Luxembourg, Mainland China, Malaysia, Mexico, the Netherlands, New Zealand, Poland, Portugal, Russia, Singapore, Spain, Sweden, Switzerland, UAE, the UK and the USA.

 
打赏
免责声明:
本网站部分内容来源于合作媒体、企业机构、网友提供和互联网的公开资料等,仅供参考。本网站对站内所有资讯的内容、观点保持中立,不对内容的准确性、可靠性或完整性提供任何明示或暗示的保证。如果有侵权等问题,请及时联系我们,我们将在收到通知后第一时间妥善处理该部分内容。
 

GROWING TALENT MISMATCH AND WEAK PRODUCTIVITY INCREASE PRESSURE ON GLOBAL LABOUR MARKET二维码

扫扫二维码用手机关注本条新闻报道也可关注本站官方微信账号:"chrmers",每日获得互联网最前沿资讯,热点产品深度分析!
 
0相关评论

 
最新招聘
推荐图文
推荐新闻
点击排行
最新新闻

首页| 关于我们  |  商业采访  |  投稿指南  |  联系方式  |  使用协议  |  版权隐私  |  网站地图| 排名推广 | 广告服务| 积分商城| 留言反馈|违规举报

人力资源经理网(CHRM) Copyright © 2005-2021 All Rights Reserved 京ICP备05004986号-10 京公网安备11010802023849号 电信与信息服务业务经营许可证:京ICP证161055号