Friday, August 29, 2008

Some Jobs Still Hard to Fill, Survey Finds

There are still jobs that are hard to fill, even in a difficult economy. That's the findings of The 2008 Employment Dynamics and Growth Expectations (EDGE) Report produced by Robert Half International and CareerBuilder.com.

Other findings:
  • More than half of employers said it is challenging to find skilled professionals; Gen Y workers are the most difficult to recruit.
  • Sixty-three percent of workers are more likely to try to negotiate a better compensation package today than last year (up from 58% last year).
  • Nearly two-thirds of hiring managers said their companies are willing to negotiate higher pay for qualified job applicants.
  • About 8 out of 10 employees are satisfied with their current work situation. Yet, more than 3 out of 10 said they will likely leave their jobs in the next 2 years.
  • More than half of workers surveyed said it is challenging to find a job today.
  • A lack of qualified workers and the higher cost of gas/commuting were among the top factors impacting companies' ability to recruit skilled labor.
  • Many employers are likely to offer reduced work schedules, "bridge" jobs, and consulting arrangements as an alternative to retirement.
  • The time to fill open positions ranges from 4 to 14 weeks, with senor-level roles demanding the most time.
The shortage of qualified workers has grown more acute, according to the survey, with 59% of hiring managers citing it as their primary recruiting challenge. When they do find qualified professionals, firms appear anxious to win them over. Nearly two-thirds (65%) of hiring managers said they are willing to negotiate compensation for top candidates.

The Employment Dynamics and Growth Expectations (EDGE) Report is an annual survey on employment and compensation trends by Robert Half International and CareerBuilder.com. The survey includes responses from more than 500 hiring managers and 500 workers, and was conducted from May 7 to June 1, 2008 by International Communications Research in Media, Penn. It was designed to compare the perspectives of hiring managers and workers on the state of the current employment market.

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