The Future
of work

A global talent crunch—looming skilled labor shortages affecting both developed and developing economies—could ultimately shift the global balance of economic power by 2030 if left unaddressed.

About the campaign

The Future
of work

A global talent crunch—looming skilled labor shortages affecting both developed and developing economies—could ultimately shift the global balance of economic power by 2030 if left unaddressed.

About the campaign

The
Talent
Shift

The Talent Shift

In spring 2018, Korn Ferry interviewed 1,550 business leaders in multimillion-dollar organizations about their views on talent shortages and their strategies to mitigate them. Respondents included CEOs, COOs, heads of strategy, and other senior business decision-makers at C-suite level or C-suite minus one. They represented the following regions: Americas (Brazil, Mexico, the United States), EMEA (France, Germany, the Netherlands, Russia, Saudi Arabia, South Africa, the United Arab Emirates, the United Kingdom), and Asia Pacific (Australia, China, Hong Kong, India, Indonesia, Malaysia, Singapore, Thailand).

This study offers insights into how leaders are linking talent with growth in the future of work, how they see technology adding value to the workforce, and how they intend to mitigate talent challenges.

About the study

The Talent Shift:
Animation

Understand the global talent crunch, its financial impact, and leaders’ attitudes to talent shortages in 3 minutes.

The Salary Surge

This paper estimates the wage increases that organizations in 20 major global economies may have to pay to attract and retain highly skilled labor resulting from the expected global talent shortage. It builds on data from our study, The Global Talent Crunch, which modeled the gap between future labor supply and demand to estimate the impending skilled talent shortage at three future milestones: 2020, 2025, and 2030. In The Salary Surge, we project the impact the talent shortage will have on wage bills by mapping Korn Ferry’s proprietary global pay data against the skilled labor shortage estimates across the same 20 economies at the same milestone dates.

About the campaign

The Global Talent Crunch

This study estimates the impending talent crunch by modeling the gap between future labor supply and demand. We uncover the extent of the talent shortfall in 20 major economies at three milestones: 2020, 2025, and 2030. The model focuses on three knowledge-intensive sectors within each market that act as critical drivers of global economic growth: financial and business services; technology, media, and telecommunications (TMT); and manufacturing, and also examines the remainder of each economy. Using level of education as a commonly accepted proxy for skills, and taking into account forecast productivity gains, the study uses available data to forecast shortages for highly skilled, mid-skilled, and low-skilled workers to reveal an imminent talent crunch.

About the study

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The full report

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To receive The Salary Surge report as a PDF please click on the button below and enter your details.

Download
The full report

To receive The Talent Shift report as a PDF please click on the button below and enter your details.