target audience: TECH SUPPLIER Publication date: Jun 2023 - Document type: Market Perspective - Doc Document number: # EUR150726123
Employee Shortage Coping Strategies in Europe
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Abstract
This IDC Market Perspective shows how European organizations remain under pressure from labor shortages, especially when recruiting new staff. This study explores the gravity of the situation based on recent European surveys of employers and employees. It also examines the coping strategies of recruiting-inhibited organizations to mitigate their inability to attract the staff they need. Finally, the study provides advice for HCM application vendors on how best to adapt to this shortage.
"The continued scarcity of employees in Europe, despite an economic slowdown, is an opportunity for HCM applications vendors. In today's competitive knowledge economies, organizations with the best technologies and most mature and built-out HR practices will win. It is a good environment to communicate value propositions around upskilling, improved sourcing and recruiting, candidate marketing, and employer branding," said Bo Lykkegaard, associate vice president, European Software Research, IDC.