A new study by ROBERT HALF INTERNATIONAL AND CAREERBUILDER.COM shows both employees and employers face challenges in today’s tough economy.
Key Findings of the report titled Employment Dynamics and Growth Expectations (EDGE) Report include:
- More than half of employers said it is challenging to find skilled professionals today.
- The shortage of qualified workers has grown more acute, with 59 percent of hiring managers citing it as their primary recruiting challenge, up from 52 percent in 2007.
- Generation Y workers are the most difficult to recruit.
- Closely mirroring responses from employers, more than half of workers said it is challenging to find a job today.
- A lack of qualified workers and the higher cost of gas/commuting were among the top factors impacting companies’ ability to recruit skilled labor.
- The time to fill open positions ranges from four to 14 weeks, with senior-level roles demanding the most time.
- Six-in-10 employers estimate at least a quarter of applicants who contact them are not qualified; 31 percent say that more than half are not qualified.
Read more about the rising gap between job opening and skilled workers.