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A message from Jonas Prising, ManpowerGroup Chairman & CEO:

"This recovery is unlike any we have seen before with hiring intent picking up much faster than after the previous economic downturn," said Jonas Prising, ManpowerGroup Chairman and CEO.

"As vaccine rollouts gain momentum and lockdown restrictions ease in many markets, we're seeing sharp increases in hiring optimism reported by employers. At the same time, some workers are hesitant to re-engage with employers as factors including health concerns and childcare challenges continue. Continued talent shortages mean many businesses are prioritizing retaining and training workers with the skills they need to succeed as the economic recovery continues."

Key Findings:

  • Markets bounce back:The strongest year-on-year improvements are reported in the Netherlands (+41%), India (+40%) and the UK (+39%).

  • Increasing talent shortage:69% of employers globally report experiencing some difficulty filling roles due to lack of skilled talent, with the most impacted regions EMEA (73%) and APAC (72%). The Americas report the least difficulty, with 38% stating they are having no difficulty at all.

  • Employers offering a mix of incentives to fill talent shortages:Most plan to offer greater flexibility, training, and skills development to fill vacancies, though 51% of employers are planning some form of financial offering or incentive to help attract talent, compared to 20% offering non-financial benefits such as increased number of vacation days.

  • Barriers to upskilling: As more employers’ plan to upskill workers, 78% said something other than money was the biggest barrier preventing them from increasing or scaling upskilling programs in their organization.

  • Technical skills and career coaching key focuses for HR teams:A quarter of employers plan to invest in accelerated upskilling in technical skills for employees, and 21% plan to employ career coaching programs in the next six months to help fill the widening talent shortage.