News in numbers News in numbers


Running short Hire and hire


58%


The percentage of respondents to a recent survey that said hiring was ‘very’ or ‘extremely’ challenging. High Contrast


Jobs worth 1/5


The typical annual turnover of low- wage workers in a 2023 survey of US employers, a fi gure rising to 50% in a quarter of cases. Business Wire


85 million


The estimated global talent shortage by 2030, the equivalent to roughly the entire population of Germany. Korn Ferry


$8.5trn


If left unfi lled, how much this shortage could cost the global economy each year. Korn Ferry


4–6%


The annual growth rate of wages in low-pay industries between mid-2020 and late 2021, thanks largely to labour shortages. IMF


Doesn’t compute 800,000


The number of lower-skilled jobs potentially lost in the UK due to technology. Deloitte


Chief Executive Offi cer / www.ns-businesshub.com


2024


The year in which UK wages increases are expected to fall, as infl ation falls and job vacancies fi ll. WTW


£10,000


The average pay jump when a low-skilled job is replaced by a high-tech alternative. Deloitte


15%


The percentage increase in tech job postings from 2021–22, compared with a 13% drop in postings more generally. McKinsey


7


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