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Europe – ManpowerGroup warns of talent shortage

22 May 2013

On Tuesday, ManpowerGroup led discussions on the European skills gap and talent shortage as part of Laureate International Universities' "The Laureate Summit on Youth and Jobs in Europe". The firm stressed that while unemployment remains high, employers in Europe are still struggling to find the talent they need.

The summit is comprised of three panels and a concluding discussion session with former US President Bill Clinton. Each of the panels represents a different perspective on the issue with Jonas Prising, ManpowerGroup President, leading a panel of top executives from European-based business leaders in the discussion of their workforce challenges.

Mr Prising emphasised the unemployment-talent shortage paradox. He focused on the multi-stakeholder collaboration needed to develop training and development programs, the importance of practical work experience and the short and long-term actions business leaders can take to both attract and retain talent.

“Globally, we are seeing employers consistently struggling to find the talent they need. Available workers, especially youth, often simply do not possess the key skills employers are looking for, indicating a clear mismatch between educators and employers in preparing young people for the workplace,” said Mr Prising.

“With worryingly high unemployment figures in Europe, it has never been more pressing for employers, governments and educators to work together to build a brighter future for our young people, for our businesses and for Europe.”

According to Mr Prising, businesses can alleviate the talent shortage by embracing flexible work models and considering alternative talent sources, as well as partnering with local education institutions.

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