The shortage of skilled workers is particularly noticeable in systemically important professions such as the health sector.
Between talent shortage and vacancies: How the job matching platform HeyJobs is reinterpreting the labor market
BERLIN, GERMANY, June 12, 2023/EINPresswire.com/ — Germany is facing a growing challenge: a shortage of qualified specialists. As of May, over 84,860 job vacancies have a significant impact on the healthcare, technical manufacturing and sales industries.
HeyJobs, a job-matching platform for essential workers, tracks this growing gap between supply and demand via the HeyIndex – an indicator that shows the number of applicants per job vacancy. This data is compiled using information from the Federal Employment Agency, Google Trends and internal HeyJobs statistics.
As of May 2023, there are 1,158,340 job seekers and 1,243,200 vacancies on the labor market. Despite an all-time high of 0.9 for the HeyIndex, 84,860 positions are guaranteed to be unfilled this month. Historically, prior to February 2021, the HeyIndex was 1.7, meaning there were almost two job seekers for every available job. Since March 2021, the number of active job seekers has been falling monthly and the situation has worsened as job vacancies have increased. For the past two years, the HeyIndex has remained at 0.8, making it difficult for employers to fill vacancies.
However, the relatively positive HeyIndex does not show the discrepancies between the sectors, which occur particularly in systemically important professions. In March, the health sector experienced a deficit of 68,000 workers – the highest number among essential occupations. The shortage of staff is also affecting the technical manufacturing industry, which needs over 56,000 workers to fill vacancies. The retail and sales segment reports a shortage of over 24,000 workers and almost 12,600 workers are needed in the IT and science sectors.
The latest HeyIndex figures underscore the urgent need to address the skills shortage in Germany and call for government, business and educational institutions to work together. Stakeholders can meet this challenge by offering attractive working conditions, career opportunities, support for training and further education measures and cooperation with educational institutions – and thus ensure the long-term retention of qualified specialists, meet the demand in various sectors and secure Germany’s future as a strong economic power.
“We see that the labor shortage in Germany is increasing. Personnel managers and executives urgently need to rethink. The applicants are no longer job seekers, but employers are the applicants for the essential talents. Companies and public employers must finally start marketing their vacancies like a product. Sellcruiting is a keyword here,” says Marius Luther, CEO of HeyJobs.
About HeyJobs: HeyJobs is the career platform for specialists and industrial staff. Founded in 2016 by Marius Luther and Marius Jeuck, the company has continued to refine the matching between talent and employers using AI to help companies hire cost-effectively and quickly. HeyJobs has already helped over 1.5 million people in Germany to apply for their dream job. The start-up based in Berlin, Hamburg, Cologne and Vienna currently employs over 400 people from over 30 nations.
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