Recruitment
Figure 1
CONDITIONS THAT SLOW OR STALL THE HIRING PROCESS
12 months, and 57 percent plan to increase the number
of contingent hires. These numbers show robust hiring
growth will continue across the globe in the coming
year—despite reported high levels of unemployment.
Talent Shortages
In the industrialized world, 40 million workers are
unemployed according to the International Labour
Organization—yet more than ever, companies are
suffering critical shortages of key talent across the
globe. A 2012 study from Oxford Economics shows the
imbalance of talent supply and demand across the globe
will deteriorate over the next 10 years due to shortages
in particular disciplines (e.g. so-called STEM jobs), as well
as regional imbalances of labor supply and demand. In
particular regions, severe talent shortages will define
the next decade. For example, in the developed Asian
economies, the demand for talent in the business services
sector will increase by more than 50 percent, while the
demand for talent in life sciences within the same region
DECEMBER 2013
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