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Skill shortage

Parent term: Skills

4 definitions

Where the demand for employees in specific occupations is greater than the supply of those who are qualified, available and willing to work under existing industry conditions.
Source: NCVER 2013, Australia
Situation where skills supply (type of abilities and number of people available on the labour market) is not sufficient to meet labour market demand.
Source: CEDEFOP 2014, Europe
Demand for a particular type of skill exceeds the supply of people with that skill
Source: ILO (STATS) 2014, Europe
(or talent shortage) A situation where the demand for a particular type of skill exceeds the available supply of that skill at the market clearing rate of pay.
Source: CEDEFOP 2015, Europe

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page date 2014-07-24

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