Companies mention labour shortage up by 28% in 2022: Report

Companies mention labour shortage up by 28% in 2022: Report

(IANS): The number of companies mentioning labour shortage in their quarterly earnings filings globally increased by 28 per cent in 2022 compared to 2021, a new report showed on Monday.

This shows a continuous uptrend witnessed in recent years, while sentiment fell by 20 per cent, revealing GlobalData, a leading data analytics company.

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Semiconductor and supply were other top keywords discussed around the topic.

The industries with the highest labour shortage discussions include construction, technology, packaging and consumer while financial services had the highest growth in the terms mentioned.

“The shortage has resulted in increased dependence on more expensive temporary labour resources, significant increases in costs as well as delays in construction,” said analyst Ekta Chourasia.

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