13
December 10, 2020
Proprietary
72% of Employers Reducing Hiring Requirements
*
Education, Certification, Experience
Leading Requirements Reduction
❑ While certain roles continue to
require security clearance or
licensing to be compliant with
regulated requirements, employers
are shifting expectations for
standard roles
❑ The cost of upskilling existing staff,
is substantially lower than hiring
niche skills and has added benefit of
existing organizational experience
❑ As unemployment declines,
competition tightens to fill critical
roles
Average Cost of Upskilling/Worker Globally is $1,200
Source: Mercer, Global Talent Trends 2020
