Most say they struggle to fill their vacancies, especially in profiles with high and medium qualifications
Despite the current crisis scenario caused by the war in Ukraine caused by the rise in prices and the war in Ukraine, the majority of companies, 63%, will continue with their expansion plans and hire new staff in the next 12 months; even this percentage will rise to 87% in large companies. And this despite the fact that eight in ten predict a deterioration of the economy both nationally and internationally, as all government agencies indicate. This is evident from the Human Resources Trends Report that was published this Wednesday by personnel company Randstad.
The reasons for new hires are business growth (chosen by 52% of respondents), employee turnover (50%) and the need for new skills (32%).
Nevertheless, the future seems difficult in the eyes of the business community in our country. 66% of companies assume a worse situation in their sector in 2023 and 44% in their own company. The effects of the pandemic are still present, as evidenced by the fact that 21% of companies surveyed are still far from previous figures. On the other hand, the majority (64%) have managed to adapt and are in a reasonably good situation, even if the current economic scenario is complicated.
The business fabric is already taking into account the challenges that await the coming year. The main objectives are focused on productivity (chosen by 58% of companies), operational adaptation to the new situation (75%) or the search for financial efficiency (45%).
In this sense, most companies are planning to make various types of organizational changes to meet the challenges and adapt to the complex current economic realities. Respondents mainly focus on reducing costs (in 87% of cases), promoting digitization and technological innovation (82%) and increasing performance (79%).
However, the shortage of talent seems to be a serious problem for companies as it worsens productivity and affects competitiveness. In fact, 72% face the problem of talent shortage, which is very important for four in ten. In addition, 87% of companies have searched for a profile in the last 12 months and the vast majority have experienced difficulties filling their vacancies, especially in profiles with a high and medium qualification.
Source: La Verdad
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
