5. international migrant workers
account for 5% of the global workforce
Countries like the U.K., United States, Germany, Canada
and Saudi Arabia rely heavily on immigrant workers.
During the pandemic immigration of foreign workers
fell to record lows as many countries shut their borders
and tightened their immigration policies to prevent the
spread of COVID-19. For example, 1.3 million immigrant
workers left the United Kingdom during the pandemic
and Canada saw a reduction of 400,000 immigrant
workers in Q1 2021 compared to previous years.
While it's likely that these rates will slowly start to
rise since many countries are loosening their travel
restrictions, it could take years before immigration
returns to pre-pandemic levels in many areas around
the world. Companies in these countries that rely on
immigrant workers will need to invest in other strategies,
such as increased wages, employee training and the use
of contingent workers, to find the talent they need.
6. 78% of business leaders expect
automation to change they way of work
The introduction of automation as well as the
advancement of new technologies, including Machine
learning and Artificial Intelligence, are helping companies
streamline many business processes. With automation
set to replace many routine tasks in the workplace,
employers are likely to transition their hiring needs to
search for candidates that don't only have the right
digital skills but ones that also have relevant soft skills.
For instance, employers are likely to seek out candidates
that have human-centric skills that technology can't
provide, such as empathy, collaboration and listening.
Many of these skills are difficult to teach, so developing
strategies to assess candidates for these skills will be
necessary.
Contact Randstad today to learn more about the growing
labor shortage and what steps your company can take to
overcome these challenges.
7. there are nearly 11 million job
vacancies in the united states alone
According to the Bureau of Labor Statistics, there are
nearly 11 million job vacancies in the United States
alone. The United States isn't the only country facing
a significant labor shortage in 2022. The U.K. has over
1.2 million job vacancies and Australian employers are
struggling to fill more than 400,000 open job roles.
While these numbers are quite alarming, many of
these countries also struggle with higher-than-normal
unemployment rates.
This mismatch in numbers definitely shows that many
workers around the globe are not rushing back into the
workforce. Whether by choice or due to personal issues,
such as childcare, many of today's workers are holding
out for better working conditions, including higher
wages, more flexible work schedules, additional paid
time off and safer work environments, just to name a few.
With the marketplace shifting to a candidate-driven job
market, employers must find ways to meet these workers'
shifting expectations if they want to attract and retain the
talent they need. Contact Randstad to get support!
number of job vacancies in the United Kingdom from January 2016 to February 2022
source: Office for National Statistics – Vacancy Survey, 2022
0
2016 2017 2018 2019 2020 2021 2022
375
750
1,125
1,500
thousands
