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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
20
0 105
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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