GOOD FIT: Employers are finding it hard to find the right talent, especially for high-skill professional roles.
of equally weighted indicators, each scored out of 10.
TALENT Mismatch scored 5.6. This figure has risen for five consecutive years – up from 5.2 in 2017, 4.5 in 2016, 4.2 in 2015, 4.1 in 2014 and 4.0 in 2013.
WAGE Pressure in High-Skill Industries scored 8.7. This shows wage pressure in high-skill industries is rising much quicker than in low-skill industries relative to the past, suggesting a shortage of talent in these industries. WAGE Pressure in High-Skill Occupations scored 6.2, suggesting a shortage of highlyskilled professionals.
LABOUR Market Participation scored 5.2, up from 4.8 last year and 3.8 in 2016. A rise of 1.4 points over two years suggests fewer workingage people looking for jobs. OVERALL Wage Pressure scored 5.0. This shows employers are holding tight and keeping salary increases restrained rather than using remuneration to compete for talent.
LABOUR Market Flexibility scored 4.4. This suggests the country’s labour market legislation is fairly flexible.