Counteracting the shortage of skilled workers

7. November 2024

Counteracting the skills shortage: Innovative measures fill your skills gap!

A change is taking place on the labor market, driven by the shortage of skilled workers: in all professions, across all sectors, there will soon be or already is a shortage of millions of skilled workers. Recruiting skilled workers has now become an expensive problem for many companies, because: The few workers available for vacancies not only have to be found and hired, but also have to be trained at great expense.

The challenges for the economy are enormous and are set to increase as the baby boomers retire and younger people do not follow in the same numbers.

Support for the high demand for recruiting comes from the field of digital technologies. Read our article on securing skilled workers to find out what causes the shortage of skilled workers, what you can do as a company to get the best skilled workers in the industry and how you can save time, money and personnel when onboarding with digital helpers.

Skills shortage in all sectors: an expensive phenomenon

The shortage of skilled workers in Germany is one of the most pressing problems facing companies today. There is a significant shortage of qualified specialists in almost all sectors, which is having a lasting impact on the economy, society and the labor market. According to recent reports from the Federal Employment Agency, over half a million jobs in Germany are unfilled, putting many companies in a difficult situation. The Institute for the German Economy has calculated that there will be a shortage of around 3 million workers by 2030, and this figure is set to rise.

The shortage of skilled workers is not only an obstacle to economic growth, but also an expensive phenomenon that leads to considerable bottlenecks due to the high demand for qualified workers in a wide range of sectors.

In many regions of Germany, companies are being forced to slow down their growth or even cancel projects because they cannot meet the demand for skilled workers. Vacancy periods of more than 100 days on average, as calculated in Hamburg in fall 2024, are no longer a rarity.

Innovative measures to secure skilled workers and combat the skills shortage

Causes of the shortage of skilled workers in Germany

A look at the causes of the shortage reveals a variety of reasons, ranging from demographics and digitalization to global competitive influences.

Demographic change

One of the main reasons for the shortage of skilled workers in Germany is demographic change. More and more older people are retiring from working life, while at the same time fewer and fewer young people are joining the workforce. The much-cited “baby boomers”, the baby boomers born between the mid-1950s and the end of the 1960s, are retiring or have already left the labor market. 15 million people currently belong to these baby boomers. The population is ageing and there are not as many new recruits, which is leading to an increasing shortage in various sectors. Particularly affected are professions in the technical and medical fields, where the supply of labor is already no longer sufficient to meet demand. However, the IT sector, construction and STEM professions are also already struggling with the consequences of the skills shortage.

Work-life balance and flexible working models

The desire for a better work-life balance is also becoming increasingly important. Younger people in particular want more flexible working models, such as remote or hybrid workplaces, which enable them to achieve a better work-life balance. Family-friendly working conditions are in demand, and older people also want solutions that allow them to retire early and with flexible working hours.

Companies that rely on rigid working hours and little flexibility are increasingly losing out in the competition for qualified specialists.

International competition

Recruiters today have to reckon with increased competition from all over the world:

International competition for the best talent is also contributing to the worsening situation. In a globalized society, skilled workers are no longer bound by national borders. They have the opportunity to work in other countries that offer them better conditions. More and more skilled workers are finding attractive employment on the international skilled labor market, particularly in professional fields that require working from home or remotely.

This leads to an exodus of well-trained people and exacerbates the bottlenecks in the German labor market.

Automation and digitalization

Advancing automation and digitalization are rapidly changing the world of work. On the one hand, new jobs are being created in all professional fields, such as information technology, which require high qualifications.

On the other hand, jobs are being lost in many traditional sectors due to automation. However, even in the sought-after IT and STEM sectors, it is difficult to meet the demand for skilled workers, as there is often a lack of specialized expertise.

The newly created and constantly changing skills market is also ensuring that the demand for well-trained specialists is constantly increasing.

Which sectors are particularly affected by the shortage of skilled workers?

The consequences of the skills shortage affect almost all sectors, but there are some that have a particularly large number of vacancies and are desperately looking for solutions.

Nursing and healthcare industry

There is a shortage of thousands of qualified specialists, which not only leads to an overload of existing staff, but also jeopardizes patient care.

Craft

Many craft businesses have to turn down orders because they lack the necessary skilled workers.

IT and technology

Digitalization is creating new jobs, but the shortage of specialists in areas such as software development and IT security is glaring.

Construction industry

Construction projects are delayed or do not even get off the ground due to a lack of personnel.

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