CLOSING THE SKILLS GAP: WHAT WORKERS WANT Bulgaria … Shortage... · 62% of employers in Bulgaria...

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Explore talent shortage data and learn more about what workers want at manpowergroup.com/talent-shortage 54% of companies globally report talent shortages, the highest in over a decade. With such an acute talent shortage, employers are challenged with catering to the needs and desires of an increasingly in-demand workforce while others are trying to do the same. To be successful, they need to understand what workers want as part of a holistic talent strategy. ManpowerGroup 42% 51% 54% 44% 50% 62% 68% 62% 2019 2018* 2016 2015 2014 2013 2012 2011 Talent Shortages Over Time 62% of employers in Bulgaria are having difficulty filling jobs. Bulgaria Results CLOSING THE SKILLS GAP: WHAT WORKERS WANT The Hardest Skills to Find Construction followed by Skilled Trades and Engineering are the hardest roles to fill. 1. 6. 2. 7. 3. 8. 4. 9. 5. 10. Difficulty Filling Roles by Company Size Large companies (250+ employees) have the most difficulty filling roles; followed by medium (50-249 employees), small (10-49 employees) and micro (less than 10 employees). A Holistic Talent Strategy BUILD 4 1 3 BORROW BRIDGE 2 BUY Invest in learning and development to grow your talent pipeline Winning in the digital age demands faster, more targeted approaches than ever before. To meet the needs of today’s in-demand talent, an effective talent strategy should comprise a mix of four key elements: Build, Buy, Borrow and Bridge Go to external market to find the best talent that cannot be built in-house in the timeframe required Help people move on and move up to new roles inside or outside the organization Cultivate communities of talent outside the organization, including part-time, freelance, contract and temporary workers to complement existing skills 1 BUILD 2 BUY 4 BRIDGE 3 BORROW What Workers Want Get it right the first time. What attracts workers to an organization can also be what engages and makes them stay. When competition for talent and skills is so acute, getting it right up front brings return on investment for the long term. Globally, these are the top five needs and desires that are non-negotiables for all workers. Challenging work in the form of education, experience and exposure People want challenging work, to develop skills and further careers. Challenge ranks among the top 5 priorities for workers of all ages, genders and geographies. Flexibility and control over calendar is a must and contributes to worker wellbeing Flexibility ranks among the top 3 priorities for workers of all ages, genders and geographies. It’s the 2 nd most important factor. Personalized career insight, driven from data and assessment 81% of workers who have been assessed report higher job satisfaction. No spoiler alert necessary: Pay always matters – but how it’s delivered matters more Pay is the top attraction and retention factor for all workers under 65 years old, regardless of gender. Purpose is a must. Workers want to take pride in what they do and who they work for Purpose, brand and reputation rank among top 10 attraction factors for all workers. OFFICE MANAGEMENT (administrative assistants, PAs, receptionists) SALES & MARKETING (sales representatives/ managers/graphic designers) MANUFACTURING (production & machine operators) HEALTHCARE (doctors, nurses & other non-nursing health professionals) HOSPITALITY (restaurant and hotel workers) TECHNICIANS (quality controllers, technical staff) DRIVING & LOGISTICS (truck, delivery, construction, mass transit) ENGINEERING (chemical, electrical, civil, mechanical) SKILLED TRADES (electricians, welders, mechanics) CONSTRUCTION (laborers) 42% 59% 69% 71% MICRO <10 SMALL 10-49 MEDIUM 50-250 LARGE 250+ * 2018 Talent Shortage Survey data was collected in Q4 2017 2019 Talent Shortage Survey 2019 Talent Shortage Survey

Transcript of CLOSING THE SKILLS GAP: WHAT WORKERS WANT Bulgaria … Shortage... · 62% of employers in Bulgaria...

Page 1: CLOSING THE SKILLS GAP: WHAT WORKERS WANT Bulgaria … Shortage... · 62% of employers in Bulgaria are having difficulty filling jobs. Bulgaria Results CLOSING THE SKILLS GAP: WHAT

Explore talent shortage data and learn more about what workers want at manpowergroup.com/talent-shortage

54% of companies globally report talent shortages, the highest in over a decade.

With such an acute talent shortage, employers are challenged with catering to the needs and desires of an increasingly in-demand workforce while others are trying to do the same. To be successful, they need to understand what workers want as part of a holistic talent strategy.

ManpowerGroup

42%51% 54%

44%50%

62%68%

62%

20192018*201620152014201320122011

Talent Shortages Over Time62% of employers in Bulgaria are having difficulty filling jobs.

Bulgaria ResultsCLOSING THE SKILLS GAP:

WHAT WORKERS WANT

The Hardest Skills to FindConstruction followed by Skilled Trades and Engineering are the hardest roles to fill.

1.

6.

2.

7.

3.

8.

4.

9.

5.

10.

Difficulty Filling Roles by Company SizeLarge companies (250+ employees) have the most difficulty filling roles; followed by medium (50-249 employees), small (10-49 employees) and micro (less than 10 employees).

A Holistic Talent Strategy

BUILD

4

1

3BORROW

BRIDGE

2BUY

Invest in learning and development to grow your talent pipeline

Winning in the digital age demands faster, more targeted approaches than ever before. To meet the needs of today’s in-demand talent, an effective talent strategy should

comprise a mix of four key elements: Build, Buy, Borrow and Bridge

Go to external market to find the best talent that cannot be built in-house in the timeframe required

Help people move on and move up to new roles inside or outside the organization

Cultivate communities of talent outside the organization, including part-time, freelance, contract and temporary workers to complement existing skills

1BUILD

2BUY

4BRIDGE

3BORROW

What Workers Want Get it right the first time. What attracts workers to an organization can also be what engages and makes them stay. When competition for talent and skills is so acute, getting it right up front brings return on investment for the long term. Globally, these are the top five needs and desires that are non-negotiables for all workers.

Challenging work in the form of education, experience and exposurePeople want challenging work, to develop skills and further careers. Challenge ranks among the top 5 priorities for workers of all ages, genders and geographies.

Flexibility and control over calendar is a must and contributes to worker wellbeingFlexibility ranks among the top 3 priorities for workers of all ages, genders and geographies. It’s the 2nd most important factor.

Personalized career insight, driven from data and assessment81% of workers who have been assessed report higher job satisfaction.

No spoiler alert necessary: Pay always matters – but how it’s delivered matters morePay is the top attraction and retention factor for all workers under 65 years old, regardless of gender.

Purpose is a must. Workers want to take pride in what they do and who they work forPurpose, brand and reputation rank among top 10 attraction factors for all workers.

OFFICEMANAGEMENT

(administrative assistants,PAs, receptionists)

SALES &MARKETING

(sales representatives/managers/graphic designers)

MANUFACTURING (production &

machine operators)

HEALTHCARE (doctors, nurses & other

non-nursing healthprofessionals)

HOSPITALITY(restaurant and hotel workers)

TECHNICIANS (quality controllers,

technical staff)

DRIVING & LOGISTICS (truck, delivery,

construction, mass transit)

ENGINEERING (chemical, electrical,

civil, mechanical)

SKILLED TRADES(electricians, welders,

mechanics)

CONSTRUCTION (laborers)

42%

59%69% 71%

MICRO<10

SMALL10-49

MEDIUM50-250

LARGE250+

*2018 Talent Shortage Survey data was collected in Q4 2017

2019 Talent Shortage Survey

2019 Talent Shortage Survey