News from 2024-02-21 / KfW Research

High skills requirements make hiring a challenge, especially for innovative enterprises

Filling vacancies is a growing challenge for small and medium-sized companies. Innovative companies, in particular, are finding recruitment more difficult. In addition to the general shortage of skilled workers, the reasons for this lie in the higher demands placed on applicants' skills. Innovative companies see their requirements as not being met more often than other companies, particularly with regard to mathematical and statistical skills, social skills and digital skills. These higher requirements are due to the fact that innovative companies use more modern technologies and are more modern in the organisation of their work and company. The requirements of their innovation processes also result in higher demands for the skills mentioned.

High skills requirements make hiring a challenge, especially for innovative enterprises

Contact

KfW Research

KfW Group

Palmengartenstrasse 5-9

60325 Frankfurt

Germany