The Global Talent CrunchGlobal perspective

The impact of the talent crunch is so significant that the continued predominance of sector powerhouses is in question, from London as a global financial services center to the United States as a technology leader to China as a key manufacturing base.

The Global Talent CrunchGlobal perspective

The impact of the talent crunch is so significant that the continued predominance of sector powerhouses is in question, from London as a global financial services center to the United States as a technology leader to China as a key manufacturing base.

85.2

Million workers

$8.5

Trillion in unrealized revenue

By 2030, we can expect a talent deficit of 85.2 million workers across the economies analyzed—greater than the current population of Germany. The shortfall of highly skilled workers could equal 21% of the highly skilled workforce of the 20 countries in our study. India is the only country analyzed that can expect a talent surplus, driven by a burgeoning working-age population.

This global skills shortage could result in $8.452 trillion in unrealized annual revenue by 2030—equivalent to the combined GDP of Germany and Japan. The impact of the talent crunch is so significant that the continued predominance of sector powerhouses is in question, from London as a global financial services center to the United States as a technology leader to China as a key manufacturing base.

As a result, organizations may be prompted to relocate their headquarters and operational centers to places where the talent supply is more plentiful. Governments will be forced to invest in improving their people’s skills to avert corporate flight and to defend their nations’ income and status.

WHAT DO YOU THINK?


Is the future of work:

TALK TO AN EXPERT

Total global talent deficit by economy.

These heat maps show the intensity of labor shortages across the economies analyzed, and demonstrate how shortages will worsen between 2020 and 2030. The acuteness of an economy’s deficit is based on its overall shortage of workers, not accounting for the size of its total workforce.

Total global labor deficit as a percentage of workforce.

Download
The full report

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

To download The Global Talent Crunch report as a PDF please click on the button below.

Understand the talent crunch.