The Skilled Worker Shortage: A Present-Day Challenge
The Reality of the Talent Crisis
The shortage of skilled workers is no longer a future challenge—it is happening now. In 2023 alone, 760,000 positions remained unfilled, severely impacting businesses and the economy. The most affected sectors include:
STEM professions
Healthcare
Skilled trades
IT
The Economic Cost
The financial damage of the skills gap in 2023? €49 billion per year.
The Solution? Qualified Immigration!
Without it, the situation will worsen. But the benefits of diverse teams are undeniable:
+12% Productivity
+9% Higher Revenue
2x More Innovation
The Consequences of Inaction
If the shortage continues, businesses and society will face major setbacks:
Healthcare crisis → Fewer caregivers, longer waiting times
Skilled trades & infrastructure delays → Construction projects stall
Declining business innovation & competitiveness → Slower progress
Economic stagnation → Fewer skilled workers = Less prosperity for all
A Global Talent Strategy is Essential
Companies that develop a smart Global Talent Strategy will remain competitive in the future. But what does an effective strategy look like in practice? What works and what doesn’t?
Join Us on This Journey!
Over the next few weeks, we’ll dive deeper into the key insights on successful global talent strategies.
#GlobalTalentStrategy at ICUnet.Group
Sources: IW (German Economic Institute), BMWK, Boston Consulting Group, Cornell University, Destatis, Harvard University