Talent shortage a major problem for companies

February 24, 2015

 

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Finding talented workers is becoming a major problem for hiring decision makers according to a new survey.

Many companies are suffering from a talent shortage according to a new survey released by Galssdoor. The buyers’ market in employee talent created by the Great Recession has ended for the most part according to the Glassdoor Recruiting Outlook Survey conducted by Harris Poll. The survey asked 515 hiring decision makers what their biggest challenge was. Nearly half (48 percent) said they don’t see enough qualified candidates for open positions. Nearly a quarter (26 percent) said they see the problem getting worse in the next 12 months as the U.S. economy picks up.

Among other challenges noted by the survey, 29 percent said they do not see enough candidates when filling a position, 24 percent said they are not actively using social media to recruit talented candidates, 20 percent said they have an inability to track factors that influence candidates to apply and 17 percent said the inability of company’s recruiting/hiring systems to allow candidates to apply from a mobile device hampers their efforts.

More than half (52 percent) of hiring decision makers said “passive recruiting” – where candidates are contacted by recruiters versus candidates applying directly via a company’s career website – has been less effective in attracting highly qualified candidates over the past year.  Even more large (69 percent) and midsize (70 percent) companies said that was true of their experience.

Other findings from the survey included that employee attrition has become a major concern as 36 percent of all surveyed hiring managers believe voluntary employee exits will increase during 2015. Thirty-two percent of hiring decision makers say their company’s approach to advertising jobs is outdated.

The top five reasons hiring managers think candidates apply for jobs include salary and compensation (51 percent), type of work (50 percent), company reputation and brand (36 percent), location and length of commute (27 percent), and career advancement opportunity (25 percent).

Applying via mobile devices is relatively rare with 44 percent of hiring decision makers surveyed reporting they receive zero job applications via mobile devices. That will likely change though. In the next one or two years, hiring decision makers expect 26 percent of job applicants will come through mobile devices. They expect even larger percentages among mid and large sized companies.

One Response to Talent shortage a major problem for companies

  1. Bob Bechill Reply

    February 24, 2015 at 2:46 pm

    The University of the Pacific has some pretty talented graduates and alumni who can add value to any company or organization. If you are an employer and need help, you may contact me, Bob Bechill, at rbechill@pacific.edu or any one of our great Employer Relations Specialists at the University of the Pacific at 209-946-2361.

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