Posts Tagged ‘talent crunch’

were hiring

Everyone knows if your company has a pulse you’re hiring. Job boards and social media are gushing with “We’re Hiring” notices. Now brace yourself. The demand for specialized talent is going to get a lot worse starting in 2018. And if you’re a micro-brand, you’ll want to avoid getting crushed in the stampede for new hires.

Why is 2018 a key marker? Because employers, especially the big-brands, have been handed the single largest corporate tax break in years, in an already hot job market. If you’ve been paying attention, you may have noticed top CEO’s making proclamations of sweeping pay increases and putting the pedal to the metal on their recruiting budgets. Not only that, immigration reforms continue to tighten imported labor sources and for the first time in quite a while, worldwide markets and foreign economies are surging in unison. So they’ll be working harder to retain talent inside their own borders.

As if the demand for experienced talent wasn’t already overheated, these converging factors will put even more pressure on smaller brands. (more…)

sky_writing_recruiting

Recruiting skywriting advertising over San Francisco’s high tech SOMA district in 2013

Reposted from:CareerBuilder’s New Talent Crunch Study Explores the Impact of Skills Gap and Vacancies on Revenue and Turnover

Chicago, June 27, 2012 – As companies navigate around the widening skills gap in the U.S., prolonged job vacancies are taking a toll on employee morale and the bottom line. Despite high unemployment rates, 38 percent of employers reported they currently have positions for which they can’t find qualified candidates. One-third (34 percent) reported that job vacancies have resulted in a lower quality of work due to employees being overworked, and 23 percent cited a loss in revenue.

With unfilled positions often translating into longer hours for existing staff, 33 percent of employers said vacancies have caused lower morale and 17 percent pointed to higher turnover within their organizations.

CareerBuilder’s “Talent Crunch” study explores the challenges associated with the skills deficit and what employers are doing to address it. The study was produced in conjunction with CareerBuilder’s “Empowering Employment” initiative, a partnership effort that showcases the programs and learnings of companies who are committed to retraining workers and fueling job creation. (more…)