Thursday, September 23, 2021

More than two-thirds of businesses worldwide report hiring difficulties

A new survey of nearly 45,000 employers in dozens of countries showed that 69 percent of businesses reported having a hard time finding workers, a 15-year high for the second quarter in a row.

A survey conducted by employment service provider ManpowerGroup found that more than two-thirds of employers in 43 countries said finding skilled talent is a top challenge. To remove the hiring barrier, 67 percent are offering potential employees more flexibility around both work schedules and where work gets done. Also, 41 percent of workers are investing in training, skill development and mentoring to help mitigate the crisis.

Employers also reported stronger hiring intent this year than last year, with 15 countries including Canada, the United States and the United Kingdom reporting their highest recruiting outlook since the survey began.

“This recovery is unlike anything seen before, with the intention of growing much faster than since the last economic downturn,” Jonas Prizing, chairman and CEO of ManpowerGroup, said in a statement.

“At the same time, some employees are hesitant to re-engage with employers as factors including health concerns and childcare challenges persist,” Award said.

In the United States, job opportunities hit a record high of more than 10 million on the last day of July, while hiring surpassed that figure by more than 4 million, an economic hit held back by businesses struggling to fill the vacancy. Paints a picture of improvement. positions.

The Labor Department’s Job Openings and Labor Turnover Survey (JOLTS), released on September 8, showed that the number of job vacancies rose from 749,000 to 10.9 million on the last day of July. The private sector is responsible for 9.9 million job openings, with the remainder coming primarily from state and local government and a smaller 116,000 contributions from the federal level.

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There was little change in hiring during the month, with US employers laying off 6.7 million workers, the same as the previous month. Rents declined in retail trade (-277,000), durable goods manufacturing (-41,000), and educational services (-23,000).

There are now 2.5 million more job opportunities in the United States than there are unemployed people. The Labor Department’s most recent jobs report showed that the total number of unemployed people dropped to 8.4 million in August.

“The biggest challenge is matching the substantial number of jobs available to individuals in the labor force,” Mark Hamrick, senior economic analyst at Bankrate, said in an emailed statement to The Epoch Times. “It remains to be seen whether employment improvements here in the 2021 Termination Act fall a bit further.”

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Segregation, which includes job losses, layoffs and vacations, changed little over the month at 5.8 million in July, according to the JOLTS report. The job dropout rate, which reflects worker’s confidence in being able to find a better job, remained unchanged at 2.7 percent during the month, a historically increased number.

While the continued reopening of the economy has prompted many businesses to seek workers, hiring efforts have been hampered by labor shortages, with analysts generally citing child care issues, concerns about the pandemic and have pointed to factors such as generous unemployment benefits. With federal pandemic jobless assistance programs now finished in all states, JOLTS reports should be closely scrutinized for bumps in hiring in the future.

Tom Ozimek has an extensive background in journalism, deposit insurance, marketing and communications, and adult education. The best writing advice he’s heard from Roy Peter Clark: ‘Hit your goal’ and ‘Leave the best for last.’


This News Originally From – The Epoch Times

More than two-thirds of businesses worldwide report hiring difficulties
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