What does talent shortage mean?

Talent shortage is when companies all across the world are struggling to fill positions in several in-demand skill sets.

According to CXC Global, other factors impacting talent supply include:

  • The digital landscape has raised the demand for skilled labour in certain job categories, whilst entry-level and low-skills jobs are increasingly automated
  • Workers are retiring later (despite the boomer retiring numbers)
  • There‚Äôs a lower uptake of Millennials entering the workforce than their generational predecessors
  • Employers are finding applicants with adequate tech skills, but low-level people and life skills
  • Conversely, employers are also finding candidates without adequate skills and training
  • Millennials are now, officially, the largest generation in the labour force in the US, and the percentage of employees aged 65+ is growing, too.

Definition of talent

According to Merriam-Webster, talent is defined as a person of talent or a group of persons of talent in a field or activity.


Return to Glossary of business failures.

Create a free account to discover insights and learn business failures.

Last edited on 21 October 2020.