Welcome!

News Feed Item

Skills Gap Causing Losses in Productivity and Revenue in Top Ten World Economies, According to CareerBuilder Survey

CHICAGO, March 20, 2013 /PRNewswire/ -- The growing deficit of skilled labor needed to fill in-demand jobs is causing a drag on employers across the globe.  A significant number of employers in the ten largest world economies said that extended job vacancies have resulted in lower revenue and productivity and the inability to grow their businesses.  Employers in China were the most likely to report having open positions they cannot fill and corresponding negative effects on their company performance.  Russia houses the largest percentage of employers reporting a revenue shortfall tied to extended job vacancies while the U.S. is among those most likely to report a productivity loss.  Japan ranked high among those who said the inability to find skilled talent has impeded expansion of their businesses.

Infographic:  http://cb.com/ZVEkDf

The global CareerBuilder survey, conducted online by Harris Interactive© from November 1 to November 30, 2012, included more than 6,000 hiring managers and human resource professionals in countries with the largest gross domestic product. 

"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.  "Major world economies are feeling the effects of this in technology, healthcare, production and other key areas.  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."

Percentage of companies that have open positions they can't fill
Employers in the BRIC countries (Brazil, Russia, India and China) were the most likely to report challenges in recruiting high skill labor with more than half of employers stating they currently have positions for which they can't find qualified candidates.  

  • China – 74 percent
  • Brazil – 63 percent
  • Russia – 57 percent
  • India – 53 percent
  • Germany – 31 percent
  • Japan – 29 percent
  • U.S. – 28 percent
  • France – 26 percent
  • U.K – 23 percent
  • Italy – 18 percent

The BRIC nations are also hiring at a more accelerated rate, containing the highest percentages of employers planning to add full-time, permanent staff in 2013 (see CareerBuilder's Global Job Forecast).

Negative impact of positions that stay open too long
A large percentage of employers in the top ten economies stated their companies have experienced negative implications from extended job vacancies, citing less effective business performance, lower quality work, lower morale and higher employee turnover.  Following the BRIC nations, employers in Italy and France were the most likely to report this.

  • China – 81 percent
  • Brazil – 74 percent
  • Russia – 74 percent
  • India – 69 percent
  • Italy – 55 percent
  • France – 47 percent
  • U.K. – 41 percent
  • Japan – 40 percent
  • Germany – 39 percent
  • U.S. – 38 percent

Of employers who have felt a detrimental impact from extended vacancies, the following reported suffering a loss in productivity and revenue and stagnant business growth.        

Loss of Productivity

  • China – 65 percent
  • U.S. – 41 percent
  • Russia – 40 percent
  • Brazil – 39 percent
  • U.K. – 33 percent
  • India – 32 percent
  • Germany – 31 percent
  • Italy – 31 percent
  • Japan – 30 percent
  • France – 21 percent

Loss of Revenue

  • Russia – 29 percent
  • China – 26 percent
  • Japan – 26 percent
  • Germany – 24 percent
  • India – 22 percent
  • U.S. – 21 percent
  • Italy – 19 percent
  • France – 17 percent
  • U.K. – 16 percent
  • Brazil – 15 percent

Inability to grow their business

  • China – 33 percent
  • Japan – 25 percent
  • France – 24 percent
  • U.S. – 22 percent
  • U.K. – 22 percent
  • India – 21 percent
  • Germany – 21 percent
  • Italy – 21 percent
  • Russia – 20 percent
  • Brazil – 19 percent

Hardest to fill positions for skilled labor
Not surprising, technical fields – namely Information Technology and Engineering - dominated the areas where employers said they are having the most difficulty recruiting skilled talent.  There were notable challenges in recruiting for high end sales positions in the U.S. and Europe, and recruiting for Research & Development jobs in India, China and Japan.  Filling Production jobs is a bigger challenge in Brazil, Russia and Europe.

  • U.S. – Information Technology, Sales and Engineering
  • U.K. – Engineering, Information Technology and Customer Service
  • France – Production, Sales and Customer Service
  • Germany – Information Technology, Engineering and Sales
  • Italy – Production, Creative/Design and Sales
  • Russia – Engineering, Production and Information Technology
  • India – Research & Development, Information Technology and Marketing
  • China – Research & Development, Creative/Design and Engineering
  • Japan – Engineering, Information Technology and Research & Development
  • Brazil – Information Technology, Production and Customer Service

Survey Methodology
This survey was conducted online within the U.S., Brazil, China, France, Germany, India, Italy, Japan, Russia and the U.K. by Harris Interactive© on behalf of CareerBuilder among 400 to 2,611 hiring managers and human resource professionals (employed full-time, not self-employed, non-government) in each country between November 1 and November 30, 2012 (percentages for some questions are based on a subset, based on their responses to certain questions). With pure probability samples ranging from 400 to 2,611, one could say with a 95 percent probability that the overall results have a sampling error between +/- 4.9 and +/-1.92 percentage points.  Sampling error for data from sub-samples is higher and varies.

About CareerBuilder®
CareerBuilder is the global leader in human capital solutions, helping companies target and attract their most important asset - their people. Its online career site, CareerBuilder.com®, is the largest in the United States with more than 24 million unique visitors, 1 million jobs and 50 million resumes. CareerBuilder works with the world's top employers, providing resources for everything from talent and compensation intelligence to employment branding and recruitment support. More than 10,000 websites, including 140 newspapers and broadband portals such as MSN and AOL, feature CareerBuilder's proprietary job search technology on their career sites. Owned by Gannett Co., Inc. (NYSE:GCI), Tribune Company and The McClatchy Company (NYSE:MNI), CareerBuilder and its subsidiaries operate in the United States, Europe, South America, Canada and Asia. For more information, visit www.careerbuilder.com.

Media Contact
Jennifer Grasz
773-527-1164
[email protected] 
http://www.twitter.com/CareerBuilderPR

SOURCE CareerBuilder

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
CloudEXPO | DXWorldEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
DXWorldEXPO LLC announced today that All in Mobile, a mobile app development company from Poland, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. All In Mobile is a mobile app development company from Poland. Since 2014, they maintain passion for developing mobile applications for enterprises and startups worldwide.
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
For far too long technology teams have lived in siloes. Not only physical siloes, but cultural siloes pushed by competing objectives. This includes informational siloes where business users require one set of data and tech teams require different data. DevOps intends to bridge these gaps to make tech driven operations more aligned and efficient.
The best way to leverage your CloudEXPO | DXWorldEXPO presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering CloudEXPO | DXWorldEXPO will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at CloudEXPO. Product announcements during our show provide your company with the most reach through our targeted audienc...
Everything run by electricity will eventually be connected to the Internet. Get ahead of the Internet of Things revolution. In his session at @ThingsExpo, Akvelon expert and IoT industry leader Sergey Grebnov provided an educational dive into the world of managing your home, workplace and all the devices they contain with the power of machine-based AI and intelligent Bot services for a completely streamlined experience.
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
DXWorldEXPO | CloudEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors!
22nd International Cloud Expo, taking place June 5-7, 2018, at the Javits Center in New York City, NY, and co-located with the 1st DXWorld Expo will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud ...
Dhiraj Sehgal works in Delphix's product and solution organization. His focus has been DevOps, DataOps, private cloud and datacenters customers, technologies and products. He has wealth of experience in cloud focused and virtualized technologies ranging from compute, networking to storage. He has spoken at Cloud Expo for last 3 years now in New York and Santa Clara.
HyperConvergence came to market with the objective of being simple, flexible and to help drive down operating expenses. It reduced the footprint by bundling the compute/storage/network into one box. This brought a new set of challenges as the HyperConverged vendors are very focused on their own proprietary building blocks. If you want to scale in a certain way, let's say you identified a need for more storage and want to add a device that is not sold by the HyperConverged vendor, forget about it...
In his keynote at 19th Cloud Expo, Sheng Liang, co-founder and CEO of Rancher Labs, discussed the technological advances and new business opportunities created by the rapid adoption of containers. With the success of Amazon Web Services (AWS) and various open source technologies used to build private clouds, cloud computing has become an essential component of IT strategy. However, users continue to face challenges in implementing clouds, as older technologies evolve and newer ones like Docker c...