Recruiting

Revenue Potential Slipping in Wake of Unqualified Talent

In yesterday’s Advisor, we looked at a research report concerning how difficulties hiring qualified talent results in difficulties with revenue potential. Today, more results from that report.

What Are Today’s Job Candidates Lacking?

Nearly eight-in-10 hiring decision-makers (79 percent) agree that when positions become available at their organization, they struggle to find people whose skills match the job requirements. According to respondents, today’s workforce needs more relevant on-the-job experience and lacks work ethic – the top two areas where candidates are falling short, followed by soft skills and industry knowledge.
When it comes to specific industries or level of talent, the Randstad study identified the five most challenging positions to recruit and hire for today:

  • Information Technology workers
  • Executive talent and leadership
  • Sales and Marketing professionals
  • Engineering workers
  • Manufacturing and Logistics staff

“People are the key factor linking innovation, competitiveness and growth for companies today,” said Link. “But securing skilled workers is getting more complex and challenging than ever before. As organizations further increase their hiring activity, low unemployment means business leaders will have to work harder at hiring and keeping quality talent particularly as employees gain more options and confidence to change employers. This year’s Workplace Trends study underscores the importance of not only hiring the right people from the start, but ensuring they remain engaged and satisfied on the job.”

Finding the Right Talent

While employers are tasked with finding the right talent to meet their company’s expectations, many are expanding their recruitment channels as a way to improve efforts. When asked to identify which method they most often used, HR decision-makers named “staffing/recruitment firms” as a top recruitment method (51 percent) that is the most effective. Working with staffing partners to source and recruit talent locally and nationwide helps businesses tackle the important realm of talent recruitment, which means more job opportunities for candidates.

About Workplace Trends

Throughout this report, the figures represent the findings from a Research Now survey conducted from November to December 2015. For the survey, a sample of 2,004 hiring decision-makers working in a variety of sectors was interviewed, including engineering, finance and accounting, healthcare, human resources, information technology, legal, manufacturing and logistics, office and administration, pharmaceutical and sales and marketing. All sample surveys and polls may be subject to other sources of error including, but not limited to, coverage error and measurement error.

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