Addressing Germany’s Talent Shortage Through Strategic Relocation Solutions
In the pursuit of securing top-tier talent, companies in Germany recognize the imperative of setting themselves apart from the competition. It is no secret that distinguishing factors play a pivotal role when hiring for vacant positions in this competitive market.
Offering relocation benefits to candidates who need to move for a job opportunity can be a compelling strategy to attract top talent. The question arises: to what extent do global relocation packages influence candidates to align with your company?
A comprehensive study by Korn Ferry, titled “Global Talent Crunch,” sheds light on the skilled talent shortage affecting various countries and industries globally. Examining the talent deficit across twenty major developed and developing countries, including Germany, the study reveals critical insights.
Germany, situated in the DACH region, faces challenges in skilled talent availability. The study identifies industries most at risk due to talent shortages. In Germany, as in other parts of the world, the financial and business services sector is particularly vulnerable, with a potential shortage of nearly 11 million workers by 2030, resulting in an estimated negative impact of approximately €1.3 trillion.
Moreover, Germany’s technological advancement is at risk due to a skilled talent shortage of over 4 million Technology, Media, and Telecommunications (TMT) workers by 2030. Industries like manufacturing, currently experiencing a surplus of workers until 2023, are anticipated to undergo a skilled talent shortage of nearly 8 million workers by 2030.
Germany is among the advanced nations facing significant vulnerability to talent scarcity. Employers in Germany should anticipate increasing difficulties in recruiting and hiring skilled personnel, especially in critical industries.
In 2024, German Companies should consider the talent shortage landscape while developing hiring plans and corporate objectives. To address recruitment challenges effectively, employers in Germany should highlight the benefits of their relocation programs in recruiting materials.
In the healthcare sector, a critical talent shortage worse in Germany. Employers in the German healthcare industry can respond by providing exceptional candidate experiences, utilizing data to enhance recruiting efforts, focusing on cultural fit in recruitment, building a superior employer brand, and expediting the hiring process to maintain candidate engagement.
For German employers struggling with hiring and recruiting, we offer Relocation services. Our Relocation roadmap starts with a Pre-relocation service, where we provide crucial insights into a candidate’s potential success in a new role, complementing their relocation needs and interactive orientation courses on German culture.
MovetoGermanywithEase is a pioneer in corporate relocation, we offer specialized assistance to companies in Germany with a focus on the Mittelstand. With our personal and digital strategies, we ensure the successful relocation and integration of your candidates through our Community platform. Our business model is designed to help German companies attract, integrate and retain skilled employees.
To explore how Movetogermanywithease can assist your company in Germany with its Recruitment, Relocation and Integration 360 model, connect with us for a free consultation. Movetogermanywithease. is committed to guiding German companies through strategic relocation solutions, contributing to talent acquisition, and overcoming the challenges of the talent shortage in the country.