Talent War: Do You Have a Battle Plan?
By April Clark, Manpower
Did I hear you correctly? Are you having trouble finding employees? Yes. Despite continued high unemployment, U.S. employers continue to struggle to fill mission-critical positions for their businesses. Even though record-numbers of people are unemployed and looking for work, an ongoing talent shortage persists among U.S. employers who are often competing for the same skilled individuals.
But there are ways to win the talent war and combat the skills shortage head on. Employers that align their workforce strategy with their business strategy are better prepared to anticipate talent needs for today and tomorrow. A winning workforce strategy can separate thriving market leaders from surviving competitors. How badly do you want to thrive?
Manpower's Seventh Annual Talent Shortage Survey
Manpower's seventh annual Talent Shortage survey reveals that nearly half (49 percent) of U.S. employers are having trouble filling key positions at their place of business. According to the more than 1,300 U.S. employers surveyed, the positions that are most difficult to fill include Skilled Trades, Engineers and IT Staff, all of which have appeared on Manpower's U.S. list multiple times since the survey began in 2006.
The top 10 hardest jobs to fill in 2012 include:
- Skilled Trades
- IT Staff
- Sales Representatives
- Accounting & Finance Staff
- Machinists/Machine Operators
When asked why they are having difficulty sourcing qualified candidates for these positions, employers cite three main reasons: a simple lack of available applicants in their market, candidates looking for more pay than offered, and lack of experience among those that do apply.
Part of the reason it is proving so hard for employers to find people with the right skills is the rapid change in the Human Age, which Manpower has defined as a new reality in which human potential is a major agent of economic growth. The skills required to perform in a certain role are changing all the time, particularly due to fast-paced technological evolution. It's difficult for candidates to keep up.
What's more, Manpower asked employers about the strategies they are pursing to overcome talent shortages. The top two responses among U.S. employers were to focus on staff retention in jobs where recruitment is difficult and to appoint individuals who don't have the job skills currently, but do have potential to learn and grow.
Battle Plan to Win
Talent mismatch is not new, and hiring managers have struggled to find the right people with the right skills since at least 2006. But today, too many employers have become complacent about the talent shortage. In fact, a substantial proportion of employers indicate unfilled positions are expected to have little or no impact on key constituents, including customers and investors.
This is alarming as it implies employers are simply giving up and not realizing the full impact the skills shortage has on their business potential. Manpower strongly advises employers of all sizes to align their workforce strategy with their business strategy. Overall workforce strategies that companies need today must plot current and future needs of the business by factoring changing business conditions, emerging technologies, available workforce supply and human resources. With the right workforce strategies in place, businesses will win as they attract and retain the best employees.
Stay tuned for my next article when I address what strategies to tackle first.
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April Clark, SPHR is Vice President and Regional Director for Manpower, and a 27-year veteran of Maine's HR landscape. April also serves as District Director for the Maine State SHRM Council, and is considered a thought leader on topics related to the changing world of work. For more information about Manpower's approach to today's world of work, contact April at april.clark (at) manpower.com.