Employee Shortage Coping Strategies in Europe

Executive Snapshot

• Figure: Executive Snapshot: Employee Shortage Coping Strategies

New Market Developments and Dynamics

• Figure: Developments in the Past Three Years

• The Employee Shortage in Europe Remains

• Figure: Difficulties in Attracting New Employees for Open Positions

• Figure: Proportion of Moderately Difficult or Worse Recruiting Situation by Industry

• Employee Retention Issues Have Eased Somewhat in 2023

• Figure: Share of Employees Actively and Voluntarily Looking for Other Employment

• Work Environment & Culture Has Grown as a Churn Reason, Pay/Career Has Declined in Importance

• Figure: Reasons for Actively Looking for Other Employment

• Economic Uncertainty is a Key Reason for Reduced Churn Risk

• Figure: Reasons for not Actively Looking for Other Employment

• Reskilling is a Key Employee Shortage Coping Strategy

• Figure: Employee Shortage Coping Strategies

• Financial Services Focus on Recruiting Capabilities, While Public Sector and Services Focus on Salary Levels

• Figure: Employee Shortage Strategies by Industry

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