We are pleased to report that the unemployment rate is finally dropping, hiring is increasing across the board, and employers are making strides to hire strategically. However, just as every cloud has a silver lining, this growth is now putting additional stresses on internal hiring managers—Reports say that filling open positions is harder than ever. How is this happening, and how can you make the most from this?
From May to June 2014, private sector employment increased by 281,000. This change was fueled by the growth in jobs in the Financial Activities and Business/Professional Services markets, with 11,000 and 77,000 New Jobs, respectively. Further, this month’s growth saw 85,000 more jobs than the 6 month average. For the full report and infographic, please click here.
Even as employment reports state the growth of the market in 2014, another study featured in Entrepreneur Magazine reports that 83% of employers surveyed find it ‘somewhat difficult’ or ‘very difficult’ to fill a job opening this year.
Many employers cite the skills gap as a leading reason companies are finding fewer and fewer quality candidates, but the primary factor in this survey, with 52% of respondents stating concerns, was the lack of available applicants. Concerns also cited included lack of experience (10%), lack of hard skills (10%), and lack of soft skills (4%).
Still, with new jobs being added, what does this mean for businesses seeking financial executives?
Maybe it’s that, maybe you need a push in the right direction. Just as every applicant is not created equal, neither is every position. Some positions are simple to fill, but finding the right executive may be something that is not your specialty. This is exactly why you need professionals that have immense experience finding the right talent. This is where The Overture Group works for you. With each member of our team drawing from a minimum of 10 years of search experience, we can help your company hire on all cylinders.
Contact us to see how The Overture Group is here for you, and please add your own value using the tools below.