Most commonly heard feedback from our conversations with hiring authorities “we are not hiring” or “there are plenty of people who are unemployed when the need arises”.
Hmmmm… So, why are companies having such a hard time filling pivotal roles in their organizations?
Experts are calling it the “technical skills gap” of this decade. Companies are feeling the shortage of skilled professionals as these organizations seek the sophisticated personnel required for improving and implementing efficient systems. Specific skill sets for these high demand niches are increasing in demand and decreasing in supply.
“When a company can’t hire enough qualified workers, it may risk a loss of production, or it may have to resort to a mix of expensive strategies like paying more overtime, hiring people at higher wages, or calling in consultants” McCann 2011
We are embarking on a more candidate driven market than most of us have ever seen. When the demand increases and the supply decreases, as all wise accountants know, there becomes a challenge. The result…business and employees will be negatively impacted. More turnovers from the overworked, more money spent for the additional time invested to get the job done.
Solution – act now! Plan for human capital needs within your organization before the candidate “feeding frenzy” begins. Remember strong candidates will be in the driver seat more than ever to determine their next opportunity. Please let us know how we can partner with you to attract the top talent and help your organization stay on top.
Krissy Whitaker
Director of Accounting & Finance Division