Editor’s Note: Is it Possible to Overcome the Global Talent Shortage?

For the last few years, employers have been struggling with a shrinking talent pool, and the pandemic-led Great Resignation has only amplified the process. With a record 4.3 million workers quitting their jobs in August last year, and the prediction that more than 85 million jobs could go unfilled by 2030 (Source: Korn Ferry), there seems to be no relief in sight.

The Covid-19 pandemic and remote working opportunity altered the mindset of people with regard to when, where and why they want to work. As employees have the upper hand in today's job market, organizations should work hard on reorganizing talent management strategies to attract and retain the best possible talent.

For diverse viewpoints on the state of global talent shortage today, HR.com reached out to experts asking them five crucial questions on the topic. Check out the special feature, Addressing the Global Talent Shortage, for valuable insights.

Whether we call it The Great Resignation or The Great Reshuffle, organizations are having trouble attracting and retaining employees – a challenge they expect to see rise this year. What are the new strategies organizations can leverage to move forward? The cover article by WTW’s Tracey Malcolm, Talent Shortages Demand New Strategies, offers valuable suggestions for overcoming talent pressure points.

If companies want to attract and retain valued talent, they must create the best employee experiences on the block. How can managers do it? Edie L. Goldberg’s article, Your Response To the Great Resignation Starts With Three Actions, shares three helpful strategies.

With labor demand at an all-time low and job vacancies remaining a top issue for a variety of industries, minimizing employee turnover is vital for 2022. Randall C Huntsinger’s article, 4 Tips To Combat Historically High Employee Shortages In 2022, focuses on why employee retention must be top of mind for HR teams this year.

In 2022, recruitment and retention require a new focus and approach, says Natasha Nicholson in her article, Talent Scarcity And Turnover: What’s The Solution? Read her article to learn about what your future employees want most.

In brief, this month’s issue of Talent Management Excellence includes expert articles offering insights on talent shortage issues and strategies to overcome them. We hope you enjoy reading all the articles and get back to us with your valuable suggestions/feedback.
 
Cheers!