Report: Businesses Facing Skills Shortage

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July 15, 2014
 

According to a recent survey by the Wall Street Journal, an increasing number of business owners say they are having trouble filling job openings due to a lack of qualified candidates.

The study found that 33% of small business owners and CEOs feel that finding qualified workers is becoming more difficult, leading to vacant job openings that hurt business.

As the unemployment rate decreases, the competition for qualified talent with the appropriate skills and experience heightens. Managers are finding that posted jobs are not leading them to qualified candidates, according to the report. As a result, the role remains vacant and small businesses suffer - 43% of small business owners said unfilled jobs were hurting their business growth. This is up from 39% in 2012.

The study says small businesses that handle recruiting and human resources internally may be hurting most. Without a proper avenue to effectively and efficiently uncover the entire talent pool, these businesses end up floundering.

For more information on more effective ways to find talent, see our Move Over, Job Boards [BLOG POST].

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2 Comments

  1. What are the skills that are lacking? Why are the junior colleges and 4 year colleges NOT teaching the needed skills. Who are we to blame? The parents? The mindset of the 18 to 30 year old’s is a major part of the problem of our work force. No one wants to work. They want everything easy and given to them. I believe they refer to it as a “reward”.

  2. Olivia Bel says:

    I total disagree with this. I have been looking for stable work for almost two years. I have a college degree with over 25 years work experience from sales, customer service, telecommunications and supply chain. Not to mention, I have been a small business owner for over 10 years. What does that mean? ….. I have been on both sides of the table. Here is what I’ve found – Many small business owners are not sure of what they need in their own businesses but are looking for someone to do work they themselves have no knowledge or experience of. So they wind up hiring someone who convinces them they’re qualified to do what the small business owner has asked. Knowledge is power and it will save you a lot of time and money in the long run as a small business owner; with that being said, these individuals need to have some knowledge or idea about the job duties and/or responsibilities they want to fill. If and when they come into contact with a potential candidate who may not fit the full criteria for the position but has transferable skills they should seriously consider that candidate. Small business owners need to look for diversity in skill sets, education, industry, people and etc.

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