However, technology alone is not enough: it must be coupled with expert insights to deploy a hiring strategy “that is personalized and engaging for each potential candidate,” according to the report.

Randstad Sourceright also found that only 11 percent of the respondents are planning to provide training or reskilling to existing employees within the next twelve months – something more employers should consider, the firm writes.

“With talent acquisition challenges becoming increasingly complex, reskilling current workers can be part of a comprehensive strategy for companies to acquire critical resources while boosting employee retention,” the authors write.

The survey also found that one out of four companies plan to shift more permanent positions to temporary or freelance talent to address the rising talent shortage. A majority (76 percent) say that the right person for any role could be an employee, contractor or contingent worker -- and could come from anywhere in the world.

“At the end of the day, companies faced with a tight labor market must pursue a multi-pronged hiring strategy that incentivizes top performing employees, while attracting hard-to-find talent,” Henderson says. “By implementing an integrated talent approach, companies can improve their workforce agility, retain top employees and increase their employer value proposition to better manage talent and drive overall business growth.”