85% expect to face hiring challenges in the next year
Oklahoma City – While a majority of U.S. hiring managers feel positive about their company’s hiring outlooks, 85% still expect challenges over the next year with 75% saying it keeps them up at night, according to a survey from The Harris Poll commissioned by Express Employment Professionals.
Pertaining to more general hiring difficulties, hiring managers worry about increased competition in the job market, available talent pool not matching the company’s needs, reaching diverse candidates and difficulty assessing candidates’ skills during the hiring process. What is causing these decision makers to lose sleep? Thirty percent say the labor shortage continuing, 28% say increases in employee turnover while 27% increased demand from candidates for better benefits in order to accept a job offer and 27% say an inability to fill open positions are among those late-night fears.
For some, the inability to fill open positions is not just a fear for the future, but a current problem they are actively trying to solve, including many hiring managers who say their company currently has open positions that they cannot fill. Corresponding with the top hiring challenges companies face, those with open positions report they are not filled due to a lack of applicants with hard skills, relevant experience and soft skills.
Demand for top talent is still incredibly high and even if all the other pieces fall into place, such as sufficient product and demand.
Businesses can’t operate without workers, according to Express Employment International CEO Bill Stoller.
“With some promising signs of inflation easing and more job seekers entering the picture, my hope for the new year is that employers can finally catch a break and get a good night of rest after the tumultuous past two years,” he said.
Image by jcomp on Freepik.