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Employee Shortage Coping Strategies in Europe

Publisher IDC
Published Jun 05, 2023
Length 10 Pages
SKU # IDC17999892

Description

Employee Shortage Coping Strategies in Europe


This IDC Market Perspective shows how European organizations remain under pressure from labor shortages, especially when recruiting new staff. This study explores the gravity of the situation based on recent European surveys of employers and employees. It also examines the coping strategies of recruiting-inhibited organizations to mitigate their inability to attract the staff they need. Finally, the study provides advice for HCM application vendors on how best to adapt to this shortage."The continued scarcity of employees in Europe, despite an economic slowdown, is an opportunity for HCM applications vendors. In today's competitive knowledge economies, organizations with the best technologies and most mature and built-out HR practices will win. It is a good environment to communicate value propositions around upskilling, improved sourcing and recruiting, candidate marketing, and employer branding," said Bo Lykkegaard, associate vice president, European Software Research, IDC.

Please Note: Extended description available upon request.

Table of Contents

10 Pages
Executive Snapshot
New Market Developments and Dynamics
The Employee Shortage in Europe Remains
Employee Retention Issues Have Eased Somewhat in 2023
Work Environment & Culture Has Grown as a Churn Reason, Pay/Career Has Declined in Importance
Economic Uncertainty is a Key Reason for Reduced Churn Risk
Reskilling is a Key Employee Shortage Coping Strategy
Financial Services Focus on Recruiting Capabilities, While Public Sector and Services Focus on Salary Levels
Advice for HCM SOLUTIONS PROVIDERS
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