68% of employers can’t find qualified workers
According to a new CareerBuilder survey, nearly 60% of U.S. employers have job openings that stay vacant for 12 weeks or longer. The average cost HR managers say they incur for having extended job vacancies is more than $800,000 annually.
According to the survey, 68% of employers that said they were adding full-time staff in the first quarter of 2017 had open positions for which they could not find qualified candidates.
More than half (55%) of employers surveyed said they have seen a negative impact on their business due to extended job vacancies. The primary effects:
Productivity loss: 45%
Higher turnover: 40%
Lower morale: 39%
Lower quality: 37%
Inability to grow: 29%
Revenue loss: 26%
Source: CareerBuilder/Harris Poll survey, April 2017