We've talked about the coming shortage of workers across the world here at managersrealm, and the reality is already starting to hit across the world.
Citing a recent study by Manpower, Work Force Management said that 25% of those employers surveyed are paying higher wages this year. The survey was comprehensive as it to in close to 32,000 companies spread across 26 countries and territories during July and August.
"The ... shortage is here and wage inflation is increasing in the specialized skill sets and industry sectors where talent is already scarce," says Jeffrey A. Joerres, Manpower’s chairman and CEO.
The Asia-Pacific area is being hit the worse with 55% of those in Singapore, 40 percent in New Zealand and 38 percent in Australia experiencing increasing wage demands.
The U.S. is hit pretty hard too as 40 percent of the companies that participated in the survey said they plan on having to increase the compensation for their workers.
The major reason for the increases is the shortage of professionally educated workers. The hardest hit areas are IT, nursing, engineering and accounting.
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