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The talent scarcity problem is one that has been plaguing businesses for years. And it show no signs of abating despite a slowing economy. The numbers paint a stark picture. The global workforce will shrink in the coming decade. Consulting and executive search firm Korn Ferry predicts a worldwide talent shortage that will cost businesses $8.5 trillion in lost revenue by 2030.
This is driven by rapidly aging demographics and lower birth rates around the world and more pronounced in developed nations such as Japan, Germany, the US, and the UK among others. Burnout and shortages in industries like healthcare are
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