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MINIMISE THE FUTURE IMPACT OF SKILLS SHORTAGES
Some crucial steps towards minimising the impact of future skills shortages can be taken now by employers says Hays, the leading recruiting experts in qualified, professional and skilled people.
“The global financial crisis (GFC) gave employers a breather from the skills shortage. There were a large number of candidates available and so employers wanted proven performers,” says Emma Charnock, Regional Director of Hays in Hong Kong and China.
In line with the market’s steady recovery the number of highly skilled candidates has reduced and skills shortages are starting to emerge.
“Our latest quarterly report for Hong Kong and China identified a number of sectors such as Accountancy & Finance, Insurance and Legal that are experiencing a shortage of highly skilled and specialised candidates.
Hays, the world’s leading recruiting experts in qualified, professional and skilled people.
To help alleviate this and meet future workloads, employers might consider one of several options.
“There was very little investment in recruiting and training entry-level candidates during the financial downturn. Graduates and less experienced candidates are often highly motivated and work hard to prove their ability. Another solution employers might consider is to look at candidates with transferable skills from related fields.
“We also advise employers when recruiting to look ahead at what a candidate can offer in the coming three to five years, rather than just the next two years. This will also have a positive effect internally, with staff valuing the potential for future opportunities with their employer,” said Charnock.
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