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How Bad Is the Skills Shortage? 10 Data Points That Tell the Full Story

Vervoe

Researchers expect an 85 million person shortage by 2030 — equivalent to the current Turkish population. trillion loss in potential annual revenue in 2030. Countries facing the most significant threats include Japan, Indonesia, and Brazil, with an expected 18 million person shortage each by 2030, according to Korn Ferry.

Data 152
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How to Get Hiring Managers On Board with Skills-Based Hiring

Social Talent

And we all know the cost of a bad hire… Improved Employee Retention: Companies employing this method will see a boost in retention rates, which is crucial in today’s competitive talent market​​. trillion loss due to talent shortages and skills gaps by 2030​​. We listed some above, but why not track your own also?

Hiring 132
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6 Reasons Why Job Simulations Are the Best Way To Identify Top Talent

Vervoe

trillion talent shortage, with more than 85 million jobs predicted to be unfilled by 2030. trillion talent shortage by 2030. A job simulator test assesses candidates on their ability to perform realistic tasks and duties common to the role they’re applying for. According to Korn Ferry , we’re heading towards an $8.5

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Why Cybersecurity Recruitment Needs To Change

Vervoe

from 2023 to 2030. every year until at least 2030. Like many other fields, this unique market is not just struggling with existing skills shortages, but retention issues as well. The global cyber security market was valued at USD $202.72 billion in 2022 and is projected to expand at an annual growth rate of 12.3%

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4 Compelling Reasons to Choose Skills over Degrees

Vervoe

Skills-based hiring requires organizations to assess how they can accurately evaluate and measure roles to give candidates from all backgrounds a fair chance to prove their abilities. Generally, skills-based hiring looks at a candidate’s hard and soft skills through a skills-based assessment to determine their suitability for the role.

Diversity 125
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The Race to Remain Relevant in a Rapidly Changing Workplace

The Perfect Hire

If you are part of the 4 in 10 who don’t have practical ways to address reskilling, consider starting with a modern talent assessment testing platform for at least one of your employee segments (new leaders, hi-pos, at risk, etc). Enhance Employee Engagement and Retention. Tailor Career Development Initiatives. Now is the Time.

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Current Trends and Job Outlook of IT Careers

4 Corner Resources Staffing Blog

Bureau of Labor Statistics, employment in computer and information technology professions will increase by 13 percent by 2030, with the demand for these employees driven by an escalating need for cloud computing, information security, and big data. This profession is expected to see a 22 percent growth through 2030. Quality analysts.

Trends 72