Growing talent mismatch & productivity issues taking a toll on global labour market: Hays

SINGAPORE (Sept 25): The global labour market is coming under increasing pressure even with expectations of economic growth to maintain its momentum over the next 12 months, finds the latest and seventh edition of the Hays Global Skills Index.

Based on this year’s report, Investing in the Skills of Tomorrow; Avoiding a Spiralling Skills Crisis, which is published by Hays in collaboration with Oxford Economics, the Overall Index score has increased slightly to 5.4 from 5.3 a year ago to suggest that the global labour market has come under greater strain in the last year.

The Overall Index score is an aggregate of the seven key indicators across all 33 markets surveyed. Even a subtle movement in the Overall Index score often “masks a wealth of insight and information at an individual country/regional” level, says Hays.

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