ManpowerGroup: Use Partnerships to Overcome Talent Shortages

Milwaukee — June 7

Talent management research firm ManpowerGroup is advising employers to build sustainable local talent pipelines through collaborative partnerships to overcome talent shortages, as the U.S. Bureau of Labor Statistics reported last week that the overall May jobless rate was 7.6 percent and 26,000 temporary jobs were added to the labor force.

ManpowerGroup’s 2013 Talent Shortage study found that 39 percent of U.S. employers are having difficulty finding staff with the right skills, down from 49 percent in 2012. This year-over-year improvement indicates a willingness on behalf of U.S. employers to invest in existing employees to help them advance and in sourcing new skilled talent.

The U.S. Talent Shortage rate for 2013 is four percentile points above the ManpowerGroup global average. According to the survey, nearly half (49 percent) of U.S. employers recognize that talent shortages impact their ability to serve clients and customers.

Among the more than 1,000 U.S. employers surveyed, respondents said they have difficulty filling open positions because candidates lack technical competencies or hard skills (48 percent); candidates lack workplace competencies or soft skills (33 percent); and because of a lack of or no available candidates (32 percent).

Source: ManpowerGroup