The U.S. is suffering a shortage of skilled workers – but not as acutely as China and other nations. Learn more.
A growing shortage of skilled labor – primarily in the fields of information technology and engineering - is limiting productivity around the globe, but employers in BRIC nations of Brazil, Russia, India and China are feeling the deficit most acutely, according to a recent survey from the online job site CareerBuilder.
Employers in China are most likely to report difficulty hiring skilled workers and to experience loss of productivity and other negative impacts related to unfilled positions, according to CareerBuilder, which polled more than 6,000 human resource professionals in the world’s 10 largest economies. The majority of employers in the nations of Brazil, Russia and India indicated they were experiencing similar problems.
“The inability to fill high skill jobs can have an adverse ripple effect, hindering the creation of lower-skilled positions, company performance and economic expansion,” Matt Ferguson, CEO of CareerBuilder said in a statement. “Major world economies are feeling the effects of this in technology, healthcare, production and other key areas.”
Nearly three-fourths of employers in China say they currently have open positions for which they can’t find qualified candidates. The same is true for 63 percent of employers in Brazil, 57 percent in Russia and 53 percent in India. The share drops to 28 percent for U.S. employers.
China is most likely to report negative effects of unfilled positions, such as lower quality work and higher employee turnover. Such issues were cited by 81 percent of employers in China, 74 percent in both Brazil and Russia, 69 percent in India and 55 percent in Italy. The share is 38 percent for U.S. employers.
Loss of productivity due to unfilled position is cited by close to two-thirds of employers in China, and is a problem for 41 percent of hiring managers in the U.S., 40 percent in Russia and 39 percent in Brazil. To a lesser extent, the shortage has reduced revenues and growth at companies in all 10 countries.