The Skills Gap is Costing Companies Nearly $1 Million Annually

by Community Admin in In The News
Published: 7th August 2017

More than two thirds of employers who said they were increasing their number of employees in Q1 currently have open positions for which they cannot find qualified candidates

It’s one of today’s most vexing economic puzzles: Why can’t employers find workers to fill their positions when approximately 7.5 million1 Americans are unemployed, and millions more are working part-time because they can’t find full-time positions or have given up looking for work altogether? According to a new CareerBuilder survey, nearly 60 percent 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.

CareerBuilder’s latest studies on the effects of the skills gap on the U.S. labor market were conducted online by Harris Poll from November 16 to December 6, 2016 and February 16 to March 9, 2017. These studies included representative samples of 2,391 and 2,380 employers, respectively, and 3,411 and 3,215 workers, respectively, across all industries in the private sector.

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