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What Can You Do Amid a Worldwide Skills Shortage?

Don't let the talent gap slow down recruiting.

Businesses can't afford to continue on a path where they aren't finding the right employees to fill challenging positions. However, this problem has been a reality throughout the world for years, and the perceived talent gap persists. Now the issue may be causing serious problems throughout the globe, dragging down several of the most prosperous countries. According to a recent survey for CareerBuilder, 28 percent of companies in the United States revealed they have tops jobs they are trying to fill, while China is having issues recruiting the skilled laborers needed for such positions.

"The inability to fill high skill jobs can have an adverse ripple effect, hindering the creation of lower-skilled positions, company performance and economic expansion," said Matt Ferguson, CEO of CareerBuilder. 

Open Jobs Can Have a Negative Effect
Businesses have been able to make due in spite of the the skills shortage in recent years, muddling along and struggling to achieve growth. This problem has lasted too long, finally proving to be too much for companies to deal with. The research showed 41 percent of U.S.-based firms are now suffering from lost productivity as a result of extended vacancies in top positions, while 38 percent of such businesses said other negative implications have occurred due to the skills shortage.

"Major world economies are feeling the effects of this in technology, healthcare, production and other key areas," said Ferguson. "The study underlines how critical it is for the government, private sector and educational institutions to work together to prepare and reskill workers for opportunities that can help move the needle on employment and economic growth."

Businesses Need To Step Up Recruiting Efforts
Companies may be struggling to bring in employees to fill their most important positions because there are fewer workers that they want to fill those positions. Employers need to start questioning whether the organizations themselves are the reason why they are not able to bring in the top talent. A recent article for Forbes discussed some strategies businesses can use to shore up their recruiting to ensure they will be able to acquire the right talent.

  • Work on employee retention: Sometimes companies don't have to focus as much on recruiting if they are able to hang on to their top talent with solid retention strategies. Jenn Mann, vice president of human resources at SAS, told the news source that companies need to know the wants and needs of their staff members to ensure that they use the right strategies to keep their best employees.
  • Try new things: Businesses with decision-makers who aren't scared to think outside the box may often be the ones that will find the most success in bringing in new, talented employees. Before testing out any new strategies, companies need to look at what type of professionals they are trying to draw into their staff, and then alter their initiatives to attract these potential employees. 
  • Use the right people for recruiting: One of the biggest problems businesses have is trusting the wrong people with recruiting, making it difficult to find the right employees. According to the news source, it's imperative companies trust the right employees to get jobs filled as quickly and easily as possible. This can be done by tracking the success of recruiters and seeing who is having the highest levels of success.