As the skills needs of employers change faster than the workforce can adapt, effective talent pools have shrunk - and 42% of employers expect availability to decline further over the next 5 years.

 

Billions are being spent on new plants, new production lines and next-generation technologies. But critical roles are in short supply across every major market. At the same time, an ageing engineering workforce is accelerating knowledge loss while geopolitical pressures are reshaping where talent can be sourced.

 

Yet amongst all this, in an industry defined by long lead times and complex skills requirements, workforce strategy is still too often treated as an afterthought. And it’s costing businesses greatly.

 

This report, developed by Everest Group in partnership with Hays, gives you the insights you need to proactively ensure access to the skills you need.