Finding the right candidate for the job can feel like trying to find a needle in a haystack. But a new survey suggests that finding ANY candidate for the job is almost as tough!
According to a new research report from the Society for Human Resource Management (SHRM), 68 percent of HR managers across industries said they were facing significant challenges finding candidates in today’s job market. The survey suggests that the key issue faced by almost half of HR reps is that applicants are lacking the necessary basic skills or knowledge to complete the job, while 84 percent reported that they are lacking applied skills.
However, a numbers game is also at play. Just over half of respondents indicated that they were experiencing low numbers of applicants for available job openings, with just over half attributing this in part to competition from other employers.
To overcome recruiting obstacles, HR reps most frequently reported using social media to attract new talent, although they indicated that results were mixed and that training existing employees to take on hard-to-fill roles was the most effective. As a result, 39 percent of respondents reported that their organizations had increased their training budgets in the last 12 months. However, rather disappointingly, almost one-third of respondents reported that their organizations had no training budgets and 11 percent indicated that their training budgets had decreased in the last year.
“HR professionals from all industries report a highly competitive market for talent, with recruiting difficulty reaching levels not seen in years,” remarked Jen Schramm, manager of SHRM’s workforce trends and forecasting program. Commenting on the skills gap, meanwhile, she noted that “this is putting more emphasis on both the need for investing in employee training and education and in working in partnership with other leaders in business, education and government to improve the talent pipeline in their communities.”
To read the full report, click here.