Employers Find Job Applicants Unqualified
1. Nearly four out of 10 employers currently have open positions that they can't find qualified candidates to fill. And it's taking a toll on businesses as well as their employees, a new survey shows. Employers with job vacancies report a loss in revenue and a lowered quality of work due to current employees being overworked.
2.. To secure talent for hard-to-fillpositions, half of employers of all sizes are planning to hire and train workers who don't have experience in their particular industry or field. Thirty-one percent are planning to cross-train current employees while 19 percent are targeting talent from competitors. Nearly two-thirds are willing to stretch incentives, such as offering flexible hours (25 percent), higher salary (22 percent) and remote work options (15 percent).Read more: Lack of Skilled Workers Takes Toll on Businesses, Employees | Fox Small Business Center
3. only 14% of hiring managers said they found mostly what they were looking for in candidates, while 72% of job seekers are confident they know how to present their experience during an interview; 56% of candidates said they are confident they know what qualifications are required for employment.
4. only 9% of hiring managers report they would be likely to hire a managerial candidate who lacked the necessary experience, but appeared eager to learn on the job. With that said, only 30% of job seekers ranked prior experience as the top factor in leading to a desirable job.
5. For entry-level candidates, nearly 80% of hiring managers said they would be "extremely" or "very likely" to hire an inexperienced, but eager entry-level candidate.
Hiring managers place the highest value on strategic perspective, high integrity, global outlook, strong base work/work ethic and accountability, across all job levels, the survey found.
6. "Schools aren't necessarily prepping students for on-the-job skills, things like initiative taking, time management, being accountable and having a strong work ethic," are lacking she said. These things need to be firmly entrenched while in school.
Study Reveals Skills Disconnect Between Job Seekers, Companies | Fox Business
Read more: Lack of Skilled Workers Takes Toll on Businesses, Employees | Fox Small Business Center
1. Nearly four out of 10 employers currently have open positions that they can't find qualified candidates to fill. And it's taking a toll on businesses as well as their employees, a new survey shows. Employers with job vacancies report a loss in revenue and a lowered quality of work due to current employees being overworked.
2.. To secure talent for hard-to-fillpositions, half of employers of all sizes are planning to hire and train workers who don't have experience in their particular industry or field. Thirty-one percent are planning to cross-train current employees while 19 percent are targeting talent from competitors. Nearly two-thirds are willing to stretch incentives, such as offering flexible hours (25 percent), higher salary (22 percent) and remote work options (15 percent).Read more: Lack of Skilled Workers Takes Toll on Businesses, Employees | Fox Small Business Center
3. only 14% of hiring managers said they found mostly what they were looking for in candidates, while 72% of job seekers are confident they know how to present their experience during an interview; 56% of candidates said they are confident they know what qualifications are required for employment.
4. only 9% of hiring managers report they would be likely to hire a managerial candidate who lacked the necessary experience, but appeared eager to learn on the job. With that said, only 30% of job seekers ranked prior experience as the top factor in leading to a desirable job.
5. For entry-level candidates, nearly 80% of hiring managers said they would be "extremely" or "very likely" to hire an inexperienced, but eager entry-level candidate.
Hiring managers place the highest value on strategic perspective, high integrity, global outlook, strong base work/work ethic and accountability, across all job levels, the survey found.
6. "Schools aren't necessarily prepping students for on-the-job skills, things like initiative taking, time management, being accountable and having a strong work ethic," are lacking she said. These things need to be firmly entrenched while in school.
Study Reveals Skills Disconnect Between Job Seekers, Companies | Fox Business
Read more: Lack of Skilled Workers Takes Toll on Businesses, Employees | Fox Small Business Center
