The Skills Gap in Europe
Thursday, April 21st, 2016
This week we are talking about an issue faced by many SMEs in Europe: the shortage of a skilled workforce in Europe.
If we look at some of the most recent forecasts on employment for the coming decades, we can see that there will probably be 50 millions unfulfilled vacancies for skilled workers in Europe in the next twenty years. Some EU countries like Germany, the UK and Belgium, have already reported shortages of qualified staff in many sectors like health, science, technology and engineering.
According to a 2015 study by the European Centre for the Development of Vocational training, an average of 40% of European firms have reported having an hard time in finding new workforce with the required skills for their business needs. This difficulty in finding adequately prepared new employees is a real obstacle in increasing productivity for companies. According to another 2015 study by the European Parliament on Labour Market Shortages, this skill gap is impacting the productivity of firms in all sectors, with fluctuations of 5% to 20% of companies reporting a serious impact depending on the year.
Skill shortage is particularly problematic for SMEs, which tend to specialise in specific sectors and require a constant source of new trained labour while minimising costs. The current situation, if it is not yet, will soon become particularly problematic for them with potential real consequences on the economy of the EU. Experts and analysts have suggested many solutions and most of them agree that international mobility is one way to make skilled employees more available in the market.
We agree with it and next time we would like to tell you how the vision behind MobiliseSME could be one step forward in fulfilling this shortage.