With the unemployment rate slowly and steadily ticking downward, you’d think that open jobs would quickly be filling up. However even with the current unemployment rate at 6.1%, employers aren’t quite packing on the jobs. This may not surprise you, as one of the common theme I hear from my colleagues is the lack of qualified candidates for their open positions.
MIT’s Sloan School of Management recently completed a nationally representative survey of about 1,000 manufacturing firms and found that about 25 percent of companies appeared to be having trouble finding workers, as measured by the company having a job vacancy for three months or more.
The staffing firm Manpower’s also recently released a survey which found that 39 percent of U.S. employers are having trouble finding employees who have the right skills, a drop from 49 percent in 2012.
So the verdict? 1 of 4 employers is having trouble filling a job. While some companies, like AT&T and Starbucks are rolling out low-cost plans to help employees get an education, a small business doesn’t have that luxury. So what can we do? Find the best candidate who you feel will be a great addition to the team, and just accept that they will require more training than you had hoped. Is this unfortunate? Yes, it’s a drain on time and resources, but leaving a position empty can have the same effect. So good luck and happy hiring!
- On July 22, 2014