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The Skills Gap Heard ‘Round the World

Infographic_GlobalSkillsGapCompanies in the top ten world economies report losses in productivity and revenue due to a skills gap, survey finds.

Think you’ve got it bad trying to find skilled labor? You should see the other guys.

According to CareerBuilder’s most recent survey, the U.S. isn’t the only country that’s feeling the hurt of a skills gap – far from it, in fact. Of the countries with the largest gross domestic product, China seems to be suffering the most from vacant positions, where 81 percent of employers in China say they have open positions they cannot fill.

With 38 percent of its employers reporting long vacant open positions, the U.S. seems to be the country suffering the least from a skills gap. (So…good for us?) Brazil, Russia, India and Italy round out the top five countries suffering the effects of job vacancies.

“The study underlines how critical it is for the government, private sector and educational institutions to work together to prepare and reskill workers for opportunities that can help move the needle on employment and economic growth,” according to CareerBuilder CEO Matt Ferguson, in statement for the press release.

More than 6,000 hiring managers and human resource professionals in countries with the largest gross domestic product participated in the survey. In addition to looking at how many companies worldwide have positions they can’t fill, the survey also examined negative effects of such vacancies, and which industries were most in need of labor.

Survey highlights are below (or see the infographic here).

Percentage of companies with open positions they can’t fill

  • China – 74 percent
  • Brazil – 63 percent
  • Russia – 57 percent
  • India – 53 percent
  • Germany – 31 percent
  • Japan – 29 percent
  • U.S. – 28 percent
  • France – 26 percent
  • U.K – 23 percent
  • Italy – 18 percent

Negative Impact of Unfilled Positions

The following numbers indicate the percentage of employers – by country – who have experienced negative implications from extended job vacancies, citing less effective business performance, lower quality work, lower morale and higher employee turnover.

  • China – 81 percent
  • Brazil – 74 percent
  • Russia – 74 percent
  • India – 69 percent
  • Italy – 55 percent
  • France – 47 percent
  • U.K. – 41 percent
  • Japan – 40 percent
  • Germany – 39 percent
  • U.S. – 38 percent

Of employers who have felt a detrimental impact from extended vacancies, the following reported suffering a loss in productivity and revenue and stagnant business growth.

Loss of Productivity

  • China – 65 percent
  • U.S. – 41 percent
  • Russia – 40 percent
  • Brazil – 39 percent
  • U.K. – 33 percent
  • India – 32 percent
  • Germany – 31 percent
  • Italy – 31 percent
  • Japan – 30 percent
  • France – 21 percent 

Loss of Revenue

  • Russia – 29 percent
  • China – 26 percent
  • Japan – 26 percent
  • Germany – 24 percent
  • India – 22 percent
  • U.S. – 21 percent
  • Italy – 19 percent
  • France – 17 percent
  • U.K. – 16 percent
  • Brazil – 15 percent

Inability to Grow Their Business

  • China – 33 percent
  • Japan – 25 percent
  • France – 24 percent
  • U.S. – 22 percent
  • U.K. – 22 percent
  • India – 21 percent
  • Germany – 21 percent
  • Italy – 21 percent
  • Russia – 20 percent
  • Brazil – 19 percent

Hardest to Fill Industries

It should come as no surprise that filling positions in technical fields like Information Technology and Engineering – pose the biggest challenge for employers across the globe. Below is a breakdown of the hardest to fill industries by country.

  • U.S. – IT, Sales and Engineering
  • U.K. – Engineering, IT and Customer Service
  • France – Production, Sales and Customer Service
  • Germany – IT, Engineering and Sales
  • Italy – Production, Creative/Design and Sales
  • Russia – Engineering, Production and IT
  • India – Research & Development, IT and Marketing
  • China – Research & Development, Creative/Design and Engineering
  • Japan – Engineering, IT and Research & Development
  • Brazil – IT, Production and Customer Service

View the Global Skills Gap Infographic. 

Mary Lorenz

About Mary Lorenz

Mary is a copywriter for CareerBuilder, specializing in B2B marketing and corporate recruiting best practices and social media. In addition to creating copy for corporate advertising and marketing campaigns, she researches and writes about employee attraction, engagement and retention. Whenever possible, she makes references to pop culture. Sometimes, those references are even relevant. A New Orleans native, Mary now lives in Chicago, right down the street from the best sushi place in the city. It's awesome.
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