There’s still a strong demand in Europe for engineers, despite high unemployment in the overall workforce, and ongoing economic uncertainties globally.
And while there appears to be fewer job openings posted this year than in the past for American companies with facilities in Europe, human resource professionals of European-based companies complain that there’s not enough “talent” to go around.
If anything, the need for qualified engineers and computer professionals may never have been greater than it is now.
Europe isn’t alone. The Development Dimensions International (DDI)’s Global Selection Forecast 2012 reported that the competition for tech talent has increased steadily and rapidly over the past five years. The “war for talent,” as the report describes it, is coming at a critical time, when organizations are “relying more than ever on talent with special skills to differentiate themselves from their competitors.” But EURES, the European jobs and mobility portal set up for job seekers in the European Union (EU), which provides job vacancy information in 31 European countries (the EU’s 27 member states and Iceland, Liechtenstein, Norway, and Switzerland), reports that the list of new vacancies for “high-skilled” labor increased significantly in 2012 compared to the previous year, from 18.6 to 24.3 percent.
“There are shortages everywhere,” says Bill Parsons, executive vice president of human resources at chip designer and intellectual property vendor ARM Holdings in the U.K. “We’re seeing our numbers dropping now.”