The global skills landscape: a complex puzzle: the Hays Global Skills Index 2016

Skills shortages and skills mismatches are worrying issues for businesses. When employers find it difficult to recruit the people with the skills they need, there are real costs involved. These may be lost business, reduced productivity or a need to undertake additional training to upskill people. There are also implications for the workload and welfare of existing staff with increasing pressure to meet growing demand. The index helps to identify where there are skills shortages, or too great a skill pool for the jobs available and also looks at the effect this has on wages. The report...  [+] Show more

Skills shortages and skills mismatches are worrying issues for businesses. When employers find it difficult to recruit the people with the skills they need, there are real costs involved. These may be lost business, reduced productivity or a need to undertake additional training to upskill people. There are also implications for the workload and welfare of existing staff with increasing pressure to meet growing demand. The index helps to identify where there are skills shortages, or too great a skill pool for the jobs available and also looks at the effect this has on wages. The report analyses how the global skilled labour market has changed over the previous year. It also looks back to the report's initial year of 2012 to take a longer-term view of developments across the global labour market.

Edited excerpts from publication.