World still waiting for wages boost despite stronger economy : Hays

LONDON (Source – Reuters).

A meaningful boost to wage growth still looks elusive for most countries despite a robust global economy over the last year, an annual report on the world’s labor market showed on Monday.

Firms are finding it increasingly hard to hire skilled staff but weak productivity growth is hampering wages, recruitment firm Hays and consultancy Oxford Economics said.

“That talent mismatch has got worse in around half the countries that we’ve surveyed around the world,” Alistair Cox, chief executive officer of Hays, said.