![\"Contingent](\"http:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2014\/07\/Contingent-workforce.jpg\")
<\/a>Contingent Workforce Index<\/p><\/div>\n
Labour surplus<\/h3>\n
However, the findings from MPG are unsurprising, considering the high levels of unemployment in South Africa – a rate which has climbed higher than 25% this year.<\/p>\n
A separate report by The Boston Consulting Group (BCG) found that South Africa is expected to have the highest labour surplus in the world by 2030<\/a>, with the surplus reaching as high as 39%.<\/p>\n A high labour surplus speaks to high levels of unemployment, which subsequently cuts the tax base and raises the cost of social services while raising the risk of social instability.<\/p>\n \u201cIn the long term, surpluses can lead to the attrition of skills and ultimately reduce an economy\u2019s competitiveness and attractiveness to investors,\u201d BCG said.<\/p>\n Difficulty filling job positions<\/p><\/div>\n According to MPG, across the globe employers indicate that the number one reasons for having difficulty filling jobs is due a lack of technical skill. 35% of employers cited this as a reason.<\/p>\n The second biggest challenge is the lack of available applicants (31%), followed by a lack of experience in the fields (25%).<\/p>\n Only 1% of employers encountered the problem of applicants being over-qualified for the job.<\/p>\n According to MPG’s report, skilled trade workers are the most sought-after talents, followed by engineers, technicians and sales people.<\/p>\n Other sought-after talents are in the fields of management, IT, accounting and drivers.<\/p>\n Sought after talents<\/p><\/div>\n “Over half of employers reporting a talent shortage say it is having a significant impact on their ability to meet client needs,” the group said.<\/p>\n “This is consistent with 2013’s findings, demonstrating that companies continue to see talent as a key driver to meet business objectives.”<\/p>\n The most common impact companies reported is a reduced ability to serve clients, closely followed by reduced competitiveness and productivity.<\/p>\n Gloomy outlook for SA labour<\/a><\/strong><\/p>\n High unemployment to persist: SARB<\/a><\/strong><\/p>\n<\/a>Sought-after jobs<\/h3>\n
<\/a>More on employment<\/h3>\n