• Bersin by Deloitte
  • Register|Sign In|Research Store  Empty
    • Advanced Search
      • Research Library
      • Solutions Library

  • Bersin
  • Membership
  • Practices
    • Human Resources
    • Leadership Development
    • Learning & Development
    • Talent Acquisition
    • Talent Management
    • Solutions Library
  • News & Events
    • Upcoming Events
    • Event Recordings
    • IMPACT
    • WhatWorks® Awards
    • Press Releases
    • News Articles
    • Newsletter
  • Blogs
    • The Business of Talent
    • Hire Innovation
    • Leadership Drives Business
    • HRevolution
    • Learning on the Leading Edge
    • Global Trends and Benchmarks
    • Planning for High Performance
    • Technology for Talent
  • Lexicon
  • About Us
    • Our Analysts
    • Executive Team
    • Our Consultants
    • Member List
    • Advisory Board
    • Careers
    • Contact Us
  • Contact us about membership

Home >  Analyst Blogs > Josh Bersin's Blog The Business of Talent

Social Networks Digg This LinkedIn Del.icio.us Tweet Facebook Yahoo! Buzz Newsvine

Close

Employment Paradox: Unemployment, Skills Gaps, Difficulty in Hiring

Thursday, June 23, 2011
As the global economy slowly recovers, more and more employers tell us they are seeing an increasingly difficult talent environment ahead. As I discussed in my keynote at IMPACT (video available), the global shift in demand to emerging economies, coupled with the economic recovery, has created skills gaps in almost every major industry.  A few anecdotes to consider:

1.  Siemens USA, which one of the biggest manufacturers of turbines, electrical machinery, and new energy systems, has replicated the apprenticeship program it developed in Germany to train workers in the US.  The company has directed its recruiters to start actively recruiting manufacturing professionals from competitors because the talent is not available in the US marketplace.

"There is a mismatch between the jobs available and the people we see out there," said Eric Spiegel, the Chief Executive of US Siemens business, recently quoted in the Financial Times.

2.  Hiring is up.  Manpower Group, one of the largest global staffing agencies, reported last month that hiring intentions are at the highest levels since 2008, with 20% of all employers planning to add staff in Q3 of this year.   Yet skills shortages have become more acute, creating a growing mismatch between demand and supply.

Yet talent gaps have grown significantly. "Employers in India, the United States, China and Germany report the most dramatic talent shortage surges compared to last year. In India, the percentage of employers indicating difficulty filling positions jumped 51 percentage points.  Nearly one in four employers say environmental/market factors play a major role in the talent shortage—employers simply aren’t finding anyone available in their markets.   Another 22% of employers say their applicants lack the technical competencies or “hard” skills needed for the job, while candidates’ lack of business knowledge or formal qualifications is the main reason identified by 15% of employers."

"Approximately three-quarters of employers globally cite a lack of experience, skills or knowledge as the primary reason for the difficulty filling positions. However, only one in five employers is concentrating on training and development to fill the gap. A mere 6% of employers are working more closely with educational institutions to create curriculums that close knowledge gaps"

3.  The talent-skills gap is forcing a change in HR strategy.

Our recent meetings with a wide variety of clients (Deloitte, Accenture, McKinsey as well as Network Appliance, Xerox, Kaiser Permanente, United Health Group, Cypress Semiconductor, Tata, and HP) all show that larger organizations are rethinking their talent strategy to deal with a world of skills imbalances.  Some of the major trends we are studying this and next year include:

* The integration of the talent acquisition function with internal talent management, to dramatically improve internal talent mobility

* Reinvestment in core employee development programs (Deloitte just opened a brand new Corporate University) to enable the organization to hire younger, lower skilled workers

* Shift in strategy from formal training to a strategic focus on informal learning (including a strong focus on a peer-to-peer learning culture) to help share internal expertise with new employees much more quickly

* A reinvestment in learning technology and systems (L&D spending is up 11% this year, read our Corporate Learning Factbook for more details)

* A total re-thinking of talent acquisition strategies to deal with both social networking and the need to aggressively recruit passive, skilled candidates

* A shift in HR management policies to develop a strategic program for the management of contingent workers (consultants, part-time workers, alumni, contract specialists) so that deep skills can be acquired wherever they may be (we will be publishing more on this topic later in the year).

The talent management challenges of the next few years are going to be different - I encourage you to listen to my comments in the video link above so you can understand how the new "Borderless Workplace" will drive your HR and talent strategy for the year ahead.

PS - watch for some very exciting new product announcements coming next week as the national SHRM conference kicks off in Las Vegas.  I will be blogging about several here in the coming days.

 

Add to del.icio.us   Digg ThisDZone it!

Permalink

About This Analyst

Josh Bersin writes on the ever-changing landscape of business-driven learning, HR and talent management. His favorite topics include strategic talent management, creating high-impact learning organizations, and how organizations drive business change and competitive advantage through talent strategy and technology.


Most Popular Posts

  • Monster.com Launches BeKnown: Professional Social Networking for Facebook
  • The End of a Job as We Know It
  • Predictions For 2012: What Will Next Year Bring?
  • Google Studies Management and Uncovers.... the Fundamentals
  • HR TechnologyConference 2012: Mobile, LMS, and Cloud Update

Recent Research by This Analyst

The Shifting Ethos and What It Means For Talent Leadership

Building a Pipeline of Culturally Agile Professionals

The Shifting Ethos and What It Means For Talent Leadership (Video)

Building a Pipeline of Culturally Agile Professionals (Video)

How the New Human Resources Organization Delivers (IMPACT 2013-Josh Bersin Keynote) (Video)

Calendar

<  June 2013  >
MoTuWeThFrSaSu
272829303112
3456789
10111213141516
17181920212223
24252627282930
1234567

Other Blogs

Hire Innovation
Hire Innovation: Kim Lamoureux
Leadership Drives Business
Leadership Drives Business: KimLamoureux
HRevolution
HRevolution: Brenda Kowske
Learning on the Leading Edge
Learning on the Leading Edge: Vickers/Clarey
Global Trends and Benchmarks
Global Trends and Benchmarks: Karen O'Leonard
Technology for Talent
Technology for Talent: Katherine Jones
Planning for High Performance
Planning for High Performance: Stacia Garr
All Aboard
All Aboard: Madeline Laurano

Archive

2013
  • June (1)
  • May (3)
  • April (2)
  • March (1)
  • February (2)
  • January (2)
2012
  • November (4)
  • October (5)
  • September (3)
  • August (6)
  • July (7)
  • June (3)
  • May (7)
  • April (4)
  • March (6)
  • February (7)
  • January (7)
Site Feedback

We would like your feedback on our website. Please send comments, questions or report problems to us at:
» websitefeedback@bersin.com



Email To A Friend Please fill in the following information and we'll email a link to this page. Your Name: Your Email: Recipient's Email: Message (optional): Send

Close

Copyright © 2013 Deloitte Development LLC. All rights reserved.
About Us | Contact Us | RSS | Help | Privacy Policy | Terms of Use

Subscribers to Bersin by Deloitte have access to an extensive library of research materials. Reports and other research materials dated earlier than January 1, 2013 were created by Bersin & Associates LLC, prior to the acquisition of substantially all of the company's assets by Deloitte Consulting LLP, and bear the Bersin brand. Materials dated from January 1, 2013 to the present were created by Deloitte Consulting LLP and bear the Bersin by Deloitte brand.

This publication contains general information only and Deloitte is not, by means of this publication, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services. This publication is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or action that may affect your business. Before making any decision or taking any action that may affect your business, you should consult a qualified professional advisor. Deloitte shall not be responsible for any loss sustained by any person who relies on this publication.

As used in this document, "Deloitte" means Deloitte Consulting LLP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.