Talent crunch not a big issue: Survey
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Talent crunch not a big issue: Survey

By agencies   |   Wednesday, 10 May 2006, 07:00 Hrs
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PUNE: According to a recent global survey, talent shortage appears to be the least problem in India compared to several other countries across the globe. Headhunters in India have been ranting for long about the shortage of talent, particularly in sectors like information technology.

However, in India, only 13 percent of employers reported difficulty in filling positions, going by a survey by Manpower, a $16 billion company offering employment services. Nearly 33,000 employers were surveyed across 23 countries to establish the extent to which talent shortages are impacting labor markets. The study found that 40 percent of the employers worldwide are confronted with the problem of talent crunch.

In India, the problem is not so daunting though employers find it a bit difficult to find staff for jobs such as sales representatives, IT professionals (mainly programmers), accountants, marketing and PR executives and teachers, among others.

World over, the shortage is not limited to the IT and manufacturing space. Demand for drivers, nurses, laborers, chefs and electricians are far outstripping their supply. The survey has attributed the global talent shortage to demographic shifts like ageing populations, declining birthrates, economic migration and entrepreneurial practices like outsourcing, off shoring and on-demand employment.

Study says “Talent shortages will mean giving careful and timely thought to re skilling and up skilling individuals in superfluous or obsolete roles to fill newly created positions.” Employers will have to devise ways to prolong individuals’ active working life by offering retirees to stay on for less stressful roles


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