this year’s backdrop - hays global skills index€¦ · this year’s backdrop the hays global...

HAYS GLOBAL SKILLS INDEX 2019/20KEY FINDINGS

HAYS AT A GLANCE

Hays is the world’s largest specialist recruiter

THIS YEAR’S BACKDROP

The Hays Global Skills Index provides a unique perspective on the challenges andopportunities facing businesses and their skilled workforce, particularly against anincreasingly uncertain backdrop

Placed into newroles every year

300,000

Markets covered

34Professional disciplines

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5.4• Global Overall Index Score stands at 5.4

• Talent Mismatch increased in 16 of the 34 markets

• Global threat of wage stagnation

• Global unemployment at record lows

WAGE STAGNATION

REGIONAL VIEW

ISSUES EXPLORED

Impact of AI and machine learning Uncompetitive labour markets

Gender occupational segregation Disappearance of mid-skilled jobs

HAYS RECOMMENDATIONS

Asia Pacific• Economic growth forecast is 4.9% this year • The Overall Index Score rose to 5.0 in 2019 from 4.9 last year• Increased wage gap between high-and low-skilled industries, plus a growing talent mismatch

The Americas• The Overall Index Score fell to 5.6 this year, from 5.7 in 2018• Wage growth in high-skilled occupations has been generally outpaced by wage growth in low-skilled roles

Europe and the Middle East (EME)• The Overall Index Score has fallen from 5.5 in 2018 to 5.4• Pressure on EME skilled labour markets has eased

Employers should actively motivate employees to take advantage of flexibleworking and geographicallydistant opportunities

2 Companies shouldembrace diversityin the workforcein all its forms

3Invest in education,life-long learning andreskilling programmes as a priority for governmentsand businesses

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