News

Study on Skills Gap and Vacancies

Despite high unemployment rates, 38% of employers reported they currently have positions for which they can’t find qualified candidates, according to a study conducted by CareerBuilder on the widening skills gap in the U.S. Employers reported also reported that prolonged job vacancies have resulted in lower quality of work due to employees being overworked (34%), lower morale (33%) and a loss in revenue 23%.

The study revealed that enterprise organizations in the U.S. have most difficulty recruiting positions in the following areas:

  • Engineering – 67%
  • C-level positions (CEO, CFO, CMO, etc.) – 60%
  • Information Technology – 60%
  • Research & Development – 54%
  • Production – 54%

To fill the skills gap, half of employers plan to hire workers who don’t have the experience and train, 31% plan to cross-train current employees, and 19% are targeting talent from competitors. Nearly two-thirds are willing to stretch incentives such as offering flexible hours (25 percent), higher salary (22 percent) and remote work options (15 percent). Two-in-five companies reported they currently have programs in place to help alleviate the skills gap including on-the-job training, mentoring, sending employees back to school and other efforts.

From the job seeker’s perspective, many workers are now looking to new industries and fields to find work. Nearly two-thirds of job seekers knowingly apply for a position for which they don’t possess the required skills. Additionally, 77% of job seekers are willing to take a job in a different field and more than half are open to relocating to a new city or state.

CareerBuilder’s survey was conducted online and included more than 1,600 hiring managers and human resources profressionals, and more than 2,000 job seekers. To view the full results, go to http://careerbuildercommunications.com/talentcrunch/.