MacquariePosted on 11/11/2015 5:43:15 PM PST by SeekAndFind
The US economy is turning into a nightmare for recruiters: They just can't find enough qualified people to fill jobs.
In a recent note to clients, Macquarie Research analyst David Doyle cited a survey of HR executives conducted by the Society of Human Resource Management (SHRM) suggesting that firms are having an increasingly difficult time recruiting workers and filling positions.
Both the manufacturing and the services sectors are having a harder time recruiting people today than they did during the credit bubble in the mid-2000s. HR folks are particularly struggling in the services sector, which follows the larger trend of the US services sector outperforming US manufacturing as of late.
As Doyle points out, the net share of services firms that are reporting difficulty is almost triple that of 2005-2007's average, which can be seen in the chart below.
Macquarie
This is a high-quality problem in that it's the result of an improving economy in which the unemployment rate is collapsing and all of the qualified labor available to work is now working.
For quite some time now, small businesses have been pointing out the difficulty in attracting qualified workers.
(Excerpt) Read more at businessinsider.com ...
Oh, there are lots of jobs out there if you are willing to work for next to nothing....
I have a great job that pays pretty well.... but I haven’t had a raise in 3 years.
Nope...they can’t, or won’t
Griggs v. Duke Power ended that forever.
Tell me what that means??
Yeah, I’ve talked to a few of those folks too.
The reason for this in government jobs is because the government has their claws so deep into higher education with student loans your experience means nothing anymore!!! This s also WHY the government is so inept!!!!
HR folks are particularly struggling in the services sector . . .
Most HR people are some of the laziest most worthless people in the company who see their role as little more than commissars to enforce quotas and political correctness. They wouldn't know talent if it hit them in the face because they are too busy running around worshiping at the altar of diversity and PC which, of course, doesn't include anyone over 50 because they have too many of them already.
There are three Chick-Fil-A restaurants in our town that do a better job of recruiting and keeping quality help than most corporate HR Departments. Why do you suppose that is?
https://en.wikipedia.org/wiki/Griggs_v._Duke_Power_Co.
Essentially, it ended the company run training programs because the employer could no longer choose those who it would put into their programs. he Wiki article does not specifically say it, but these training programs were collateral damage. The training was shifted to the colleges and universities so the company didn’t have the legal risk of a discrimination lawsuit in the event a person in the program didn’t pass or have another issue. Specifically regarding Griggs it was the administration of aptitude tests that were declared discriminatory.
Essentially, it ended the company run training programs because the employer could no longer choose those who it would put into their programs. he Wiki article does not specifically say it, but these training programs were collateral damage. The training was shifted to the colleges and universities so the company didn’t have the legal risk of a discrimination lawsuit in the event a person in the program didn’t pass or have another issue. Specifically regarding Griggs it was the administration of aptitude tests that were declared discriminatory.
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Sometimes I hate lawyers, and other times I hate bureaucrats
I know a half dozen guys with excellent qualifications in their fields who can't get anything except a very short term contract now and then. They're in their late forties and early fifties, that's the problem.
The fact is that companies don't want to be responsible for their employees anymore, they want temporary, short term, preferably foreign, employees who are in the age brackets that have the fewest medical and family problems; the cheaper the better, too.
Companies these days would rather hire a herd of half-assed people and try to squeeze something through the process than hire and keep a small group of excellent people who always deliver. After all, the people in charge cover their butts with paper and get their bonuses whether things work our or not.
Employees are the latest victim of the throwaway culture, that's the bottom line.
I didn’t know that. I’ve worked with a number of PE’s and they’re top notch.
I guess I’ll pay more attention to your Bond reviews. ;)
First we had Just-In-Time Inventory, now it’s “Just-In-Time” employees.
My old man saw the writing on the wall and folded his firm and retired rather than have to jump through hoops... which he shouldn't have to be doing with 45 years of field experience in Mechanical Engineering Design.
But obuma said that the economy is great and the unemployed are way down....and now we read: “HE LIED” oh my..../s
That’s what you get for voting for the dim wit TWICE!!!
Spot on! See my post #46.
“350 million people and a dearth of qualified workers? Well, I guess we should throw open the borders then.”
Got it in ONE....
Another reason employers cannot find “qualified” people is DRUG TESTING...
You’d be utterly amazed at how many people under 40 (and a lot OVER 40) can’t pass a drug screen.
The removal of company certification programs had a very nasty offshoot that is responsible for a lot of the problems mentioned in the article. Namely that the idea of an entry level, private sector job in the US pretty much dead. SeekAndFind’s faux job posting is only slightly unrealistic, any job posting you find requires work experience and it does not always even have to be in your field. Essentially what it boils down to is students MUST do some sort of internship or co-op in order to even be considered for any job anywhere.
Part of this requirement is from the removal of company training programs and the other from how itinerant workers have become. Spending 6 months training someone on the job rather then 1 month doing it in a classroom makes it expensive to train a fresh from college worker to any degree of usefulness, an endeavor made less attractive when most of your “first job” hires will move on after a year or two, essentially once they are past the two year work experience minimum, in search of greener pastures.
I saw a cartoon job posting recently that went something along the lines of “company looking for a 20 something. Great pay, great benefits, paid vacation, etc. 30 years work experience required.” That a cartoonist can write such a thing in satirical seriousness shows how bad the entry level job market is, which combined with an unwillingness to hire older workers due to health and other costs, explains how the US can have both record number job openings and record number un/underemployed. You know there is a problem when it made more economic sense for my friend to drop out of a masters program then turn down an entry level job offer.
“Maybe this is this the employer’s way of saying “I can’t find someone willing to work at the money I am willing to pay—
Bingo!
At 60 I am at the peak of my career, I still get recruiters offering me jobs at half what I make now.
Something screwy with this...92 million people not working and they cannot find people? Maybe people would rather not work and eat food stamps that work for short hours, no benefits and lower wages?
After seeing the college kids screaming and yelling...following Obama and Sanders, Im all in favor of H1B visas!!!!
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