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].