Manpower Group released its 6th Annual Talent Shortage Study early in 2015. Based on data from 1,300 respondents the following key findings were identified.
1. Employers stated that applicants in general lacked the skills and experience required to successfully complete job duties and responsibilities for open positions.
2. Employees expected higher pay than the salaries offered by employers.
3. The top five hardest jobs to fill in 2011 were:
- Skilled Trades
- Sales Representatives
- Accounting and Finance Staff
There is a gap between employers and potential employees regarding the expected applicant skills and experience and expected compensation based on the Manpower Group Study. Most likely, this is a resulting gap of talent depletion from employees leaving one employer for another that offers a better compensation package and career opportunities.
Our clients conduct annual and/or bi-annual market studies and annual internal job and pay comparative analysis to reduce or eliminate employer and employee gaps with employee capabilities expectation, pay for performance and compensation expectations.
Back-filling position gaps resulting from higher levels of voluntary terminations through continuous recruitment and placement efforts is a very expensive tangible and intangible employment disposition.
Address your potential talent shortage gaps by implementing our proactive compensation management processes with DBSquared’s proven and very productive software called DBCompensation. Our clients have gaps they can hurdle while employers utilizing reactive compensation management strategies have canyons to cross either by mule which is slow, or by helicopter which is efficiently expensive.