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Global Skill Shortages

A skilled workforce is vital for meeting the challenges of the global economy. Now is the time more than ever for governments globally to co-operate and work with firms to prevent skill shortages and to identify key areas where certain industries are lacking the essential skilled worker.

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Profile of Manufacturing

The manufacturing sector is a fundamental driver of the economy. It is the primary driver of net exports, and has significant spin off effects in terms of secondary employment, corporation tax and as a purchaser of materials and services.

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War for Talent Continues Globally

The pursuit and demand for talent is an ongoing and unwelcome predicament in most developed countries. In the USA and Japan firms are expanding their search for recruitment as far as east and south Asia, whilst Germany, France and the UK continue to look to Eastern Europe.

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What Skills are Employers Going to Need?

Our research at Cordant People IE, indicates that based on qualifications data contained in the Working Futures analysis, it has been calculated that to fill both new and replacement jobs (by 2017) over half (56%) will require people to hold graduate level qualifications, this presents a substantial increase in the greater demand for a higher level skilled worker and the requirement for people to accept jobs which call for no qualifications whatsoever will decrease by 12%.

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Global Driver of Change - Manufacturing

Skills, in addition to costs competitiveness and the business environment, are a primary driver of competitiveness in manufacturing. The quality of skills available to the manufacturing sector depends both on the development of the existing workforce and the relevance of the graduates from the education and training sector.

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