‘We’ve got job openings here … anybody want ’em?’
Roughly one-third of every small business is dealing with this headache right now:
They have an important job position that needs filling, but don’t have qualified candidates waiting in the wings.
One-third of 848 small business owners and chief executives report they’re having trouble finding skilled candidates, according to a Wall Street Journal and Vistage International survey.
Small companies’ biggest struggles are filling managerial slots and jobs that require technical skills and experience.
It looks like the problem’s getting worse too. For small companies with fewer than 250 employees, the average open job slot went unfilled for 20 days, according to data from Dice Hiring Indicators. Back in 2012, it took only 15 days on average to fill a job at a small firm.
What’s going on? The big picture answer is the job market’s changed while the pool of candidates isn’t keeping pace.
For small companies with limited budgets, the solutions aren’t cheap. They can try:
- increasing in-house training so B-level job candidates can be brought up to speed
- hiring temps for the temporary crunches, and
- paying already overworked staffers overtime.
- Share on
Free Training & Resources
Webinars
Provided by Insightsoftware
Webinars
Provided by SkyStem
Further Reading
For employees on reduced schedule FMLA leave, 12 workweeks will get converted into days, hours or minutes. But that can trip up employers, ...
When a natural disaster hits, you’ll be focused on ensuring your people and property are safe. Details like tax deadlines may not be ...
The standard for determining who’s a joint employer has changed, due to a final rule from the National Labor Relations Board (NLRB). ...
It’s time for updates: Higher federal per diem rates for business travel have been released by the General Services Administration (G...
The Department of Labor (DOL) has been planning for over a year to revise its overtime exemption regs, with May as its latest deadline. So ...
Despite the hype, artificial intelligence (AI) isn’t making much of an impact on payroll yet. A new Zoho Payroll survey of more ...
