A shortage of skilled workers is looming by 2030

A study by the recruitment firm Korn Ferry, published in early May 2018, reveals that France could lack 1.5 million highly qualified employees by 2030, leading to a loss of potential income estimated at 175 billion euros, i.e. 6.5% of GDP. Financial services, the technology, media and telecommunications sector, as well as industry are the sectors most affected by this shortage, which is far from being limited to France. Lighting !

A WORLD WIDE PHENOMENON

French companies are already having difficulty finding profiles that fully meet their needs, a finding confirmed by an Insee study, published in October. The latter indicates that 42% of manufacturers struggle to find the profiles they are looking for. Korn Ferry also claims that France is one of the countries most affected by this phenomenon. The firm induces this shortage to the economic crisis which has pushed a large number of companies to relegate the training of their employees to the background, preferring to focus instead on innovation, digital transition and cost optimization.

France is of course not an isolated case, since many other countries are exposed to the same phenomenon, with no less than 85 million highly qualified jobs not filled and a loss of earnings estimated at 7,000 billion euros per year. horizon 2030. The Korn Ferry study goes even further by estimating that this talent shortage threatens to deprive certain countries of their leading position in certain sectors: England for financial services, the United States for technology and China for the manufacturing industry.

TRAINING AT THE CENTER OF CONCERNS

Gérald Bouhourd, managing partner at Korn Ferry, considers that companies, and rightly so, will not remain with their hands tied in the face of this shortage. For him, companies must integrate  “not only technological but also managerial innovations to respond to the problem of a geographically fragmented production process. »

On the other hand, governments, higher education establishments and companies are called upon to focus on training in order to bridge the gap that is widening between the school system and the job market. In the mean time, more and more employers are betting on transversal skills, favoring candidates capable of doing several jobs during their career.

Aware of the upheavals that are shaking the job market, the American Business School of Paris offers   internationally oriented training programs based on the American education system. The objective is to train qualified profiles able to meet the most pressing needs expressed by employers, both in France and abroad.

Plan to get together with people you have or had a personal relationship with, including your former co-workers. Keep your information up to date and don’t forget to notify your contacts when you move on or start a new job.

The American Business School aims to support its students so that they succeed in their objective of starting an international career. To do this,  the ABSParis curriculum  is based on the American academic system. Its program is accessible to French baccalaureate holders and students as well as to international students.