It’s hard to imagine that in a world with a population explosion, there would ever be a skills shortage. A global talent crunch, however, is looming, with skills shortages being caused by a host of different factors.
Making sure candidates are skilled
Finding the right skills and talent is a challenge for hiring the best people, more so in knowledge-intensive industries such as technology. With covid-19, many businesses have reduced their hiring budgets too.
Businesses just have to hire the right people and with skills testing from eSkill, a web-based pre-employment screening and skills assessment platform, you can find the right tests and exams for your applicants. Applicants are tested for different positions in different industries, helping organizations to hire the best candidates. They also provide behavioral assessments, video interviews and employment tests.
Companies using these skills assessments are able to reduce their cost of hiring by 70%. They’re able to identify candidates who have the talent to get the job done.
Don’t underestimate talented seniors
Battling to find people to fit into your organization? Maybe the places where you’re looking for talent aren’t meeting your criteria. You will need to change where you’re looking for talent and cast your search nets further afield.
Maybe it’s time to look at your competitors to see if they don’t have the skilled people you want. You’ll have to offer something attractive to lure them over. Don’t be afraid to advertise on employment platforms for seniors – their 30 to 40 years of experience at the same company will be helpful proof of their skills and loyalties.
There is a smaller work pool replacing retiring baby boomers, and with employers facing a shortage of available talent, they need to be looking among retired baby boomers to solve their staffing concerns.
Slow technology down
Skills shortages can come about because of insufficient training facilities for certain skills and constant changes in technology. Constantly changing technology and the abuse of digital technologies is causing a lot of harm in businesses.
Even highly experienced IT specialists are irritated by the constant upgrades needed for companies to stay current and to be able to compete with other companies who have the new technology. Where will it all end if IT experts leave a business because they’re constantly in training trying to keep up with ever-changing technologies?
Use mobile technologies
Today you can safely say that 90% of job-seekers use their mobile devices during their search for new job opportunities. Employers looking for the right skills need to adapt by ensuring that mobile devices are very much part of their hiring strategies.
Promoting a job opening that is mobile-friendly can increase the number of job applicants significantly. Employers need to know how to screen and interview candidates on mobile devices. Employers then also need to be up to date with social media and to know what social media platforms possible skilled candidates are using and reach them there.
Tackling the talent crunch with AI
Hiring is time-consuming, costly and often unsuccessful. The candidate has the skills but lacks in attitude and emotional intelligence. These days those attributes are important skills.
Instead of dealing with candidates with false identities, the wrong attitude and those who want to strike and seek revenge when things don’t go their way, organizations are looking at the advent of machines powered by artificial intelligence. They just quietly get on with the job at hand.
AI is going to increasingly play a central role in filling the talent crunch. Labor market conditions are changing and so are hiring practices and the future of work.