News & Industry

Guide: Four Strategies to Address the Talent Crunch

October 16, 2019

Woman interviewing a man

Three in five employers struggle to fill job vacancies within three months1, and research shows these challenges will only grow: per some forecasts, the global talent shortage could reach 85.2 million people by 2030.2 This all adds up to a talent crunch3 — and unprecedented shortages of top-tier talent. It also poses many challenges for companies seeking to fill open slots or grow their teams. How do you attract and retain top talent in a cost-effective way? How do you keep your competitive edge when jobseekers have so many options?

Netspend partnered with Staffmark and Staffing Industry Analysts to deliver a webinar that addresses these questions, and to share tips on how companies can overcome the challenges presented by the talent crunch. Listen to the full webinar here.

Are you looking for more solutions to compete in the current market, lower turnover rates, drive employee retention and lower costs? Download our guide sharing four strategies to help companies improve recruiting and retention in a tight labor market.


 

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1 Career Builder, April 2017, “The Skills Gap is Costing Companies Nearly $1 Million Annually, According to New CareerBuilder Survey” http://press.careerbuilder.com/2017-04-13-The-Skills-Gap-is-Costing-Companies-Nearly-1-Million-Annually-According-to-New-CareerBuilder-Survey

2 Korn Ferry, 2018, “Future of Work: The Global Talent Crunch” https://dsqapj1lakrkc.cloudfront.net/media/sidebar_downloads/FOWTalentCrunchFinal_Spring2018.pdf

3 Staffmark, March 2019, “The Talent Crunch: Is It Time to Relax Your Hiring Criteria?” https://blog.staffmark.com/home/-/blogs/the-talent-crunch-is-it-time-to-relax-your-hiring-criteria-