how the skills gap affects the global economy

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What are challenges fast growing economies face when it comes to skills and qualified work force? Where does Brazil stand compared to China, Russia or USA? How the gap in skills affects businesses ? Which Skills are lacking the most in Brazil and which positions are the hardest to fill?

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Page 1: How the skills gap affects the global economy

What are challenges fast growing economies face when it comes to skillsand qualified work force?

Where does Brazil stand compared to China, Russia or USA?

How the gap in skills affects businesses ?

Which Skills are lacking the most in Brazil and whichpositions are the hardest to fill?

Page 2: How the skills gap affects the global economy
Page 3: How the skills gap affects the global economy
Page 4: How the skills gap affects the global economy
Page 5: How the skills gap affects the global economy

Negative Impact of Unfilled Positions

The following numbers indicate the percentage ofemployers – by country – who have experiencednegative implications from extended job vacancies:less effective business performance, lower qualitywork, lower morale and higher employee turnover.

• China – 81 %• Brazil – 74 %• Russia – 74 %• India – 69 %

Of employers whohave felt a negative impact from extendedvacancies, the following reported suffering a loss inproductivity and revenue and stagnant businessgrowth.

Loss of Productivity• China – 65%• U.S. – 41%• Russia – 40%• Brazil – 39%

Loss of Revenue• Russia – 29%• China – 26%• Japan – 26%• Brazil – 15%

Inability to Grow Their Business• China – 33%• Japan – 25%• France – 24%• Brazil – 19%

Hardest to Fill IndustriesIt should come as no surprise that filling positions in technical fields like InformationTechnology and Engineering – pose the biggest challenge for employers across theglobe. Below is a breakdown of the hardest to fill industries by country.

U.S. – IT, Sales and EngineeringU.K. – Engineering, IT and Customer ServiceFrance – Production, Sales and Customer ServiceGermany – IT, Engineering and SalesItaly – Production, Creative/Design and SalesRussia – Engineering, Production and ITIndia – Research & Development, IT and MarketingChina – Research & Development, Creative/Design and EngineeringJapan – Engineering, IT and Research & DevelopmentBrazil – IT, Production and Customer Service

Page 6: How the skills gap affects the global economy

What do hiring managers fear

- only 4% of hiring managers say they are “always confident” in the ability of their recruitment consultant to submitcandidates of the right quality!

- 75% of hiring managers believe the Recruitment Consultant fails to understand the requirements of the role.

- 72% of 140 hiring managers believe that recruitment consultants care more about placing a candidate to secure their feethan finding the best candidate for a role.

What do hiring Managers Want ≈ “Raising Standards”

- listening, not overpromising and ultimately delivering.

- A focus on quality, and spending time understanding both the role and the market – knowledge is key

- 83% of hiring managers choosing an agency based on a previous relationship, proven trust

- 82% of hiring managers call for more in-depth screening of candidates.

- 54% of hiring managers say that recruitment partners can save them time and money

Accenture in Hyper - growing countries - latest business challenges:

..“Capital, Management and Technology and TALENT. Talent is often lacking. Investing in the developing of a quality HR pole of professionals is

essential” – Varma, Accenture Chief Learning officer in India

“Global CEO’s are worried about the impact of regulations that have come after the financial crisis... Sustainability is certainly on their minds, as

is globalisation. Accenture biggest customers are seeking innovative ways to bring products and services to emerging markets like India, China,

Brazil.” – Pierre Nanterme, CEO Accenture

Page 7: How the skills gap affects the global economy

www.nicheitrecruitment.com | [email protected]

Office +971 436 41 200 Mobile +971 529 259 001

London, Dubai, Sao Paulo

HDS Business Centre, JLT, PO box:487282, Dubai – UAE

Niche solutions to niche problems

Denitza Harizanova

Brazil Account Manager