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By Arnd HESSELER, Christina BLOCK, Christian von SCHIRACH, zeb consulting*
According to the latest studies, there will be around five million fewer workers available in Germany by 2040. A shortage of skilled labor in 2040? That sounds far off. Is there really any pressure to act today?
By 2030, skilled workers will be in short supply in Germany
Assuming that the number of workers required remains the same between now and 2030, today’s 800,000 job openings will turn into around 2,900,000 vacancies. This means that one in 14 positions will be unfilled in about seven years. Given the same productivity and often comparable fixed costs, this will reduce the achievable turnover proportionately and companies’...
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