Posted 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.
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 ...
Wow, isn't that the truth...!
As a national average âthere are 50% more graduates than job openings in the STEM fields.â - http://www.breitbart.com/big-government/2014/05/16/scholars-debunk-claims-of-high-tech-workers-shortage-question-industry-s-free-pass/. In any market, local conditions will sometimes differ from the national average - so, no, your personal experiences donât trump this national data no matter how often you pretend otherwise. (What percentage of the national STEM labor force have you hired?)
You're right to put "qualified" in quotes: whether one's system contains inactive metabolic byproducts of the joint one smoked two weeks ago (or even last night) has no bearing on one's ability to do a job.
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