Despite widespread global unemployment, businesses are seeing skills shortages grow. Is education failing, or can companies and governments do more to create and develop talent relevant to the jobs of tomorrow?
The latest Hays Journal explores how despite high unemployment levels across all the major economies in the world, many countries still lack the skills they need in their labour market.
The UK market has suffered a number of years of economic uncertainty and this looks set to continue for some time yet. Skill shortages exist in sectors as diverse as energy, IT, health, education and finance regulation and there is also a tightening of immigration rules for skilled workers to add to the UK talent pool.
In addition, a lack of engineering and IT graduates has added to concern in technical industries over the emergence of a small elite of highly paid contractors within the limited pool. Read more »