Sixty percent of employers are concerned about the costs associated with delays in filling open positions, with one in four stating they have experienced losses in revenue as a result, according to a new CareeBuilder.com survey.
The problem: Not enough job candidates with the right skills.
More than half of employers surveyed (54%) said they currently have open positions for which they can’t find qualified candidates—and 35% said those jobs have been open for 12 weeks or longer.
How much does the skills gap cost? The CareerBuilder survey found that employers lose an average of more than $14,000 for every job that stays vacant for three months or longer. One in six employers said extended vacancies cost $25,000 or more.
- How to Fire an Employee the Legal Way: 6 Termination Guidelines
- Are we liable for wages we didn't pay while employee was waiting for drug test results?
- Preach secular management: Train supervisors to shun religious bias
- Do your due diligence
- Prepare for lawsuit if you change hiring criteria in middle of selection process