Exasperated US recruiters do have themselves to blame too
Despite a softening labour market in the US, companies are still struggling to fill job vacancies, with 57% of CEOs reporting problems attracting qualified workers, according to a survey by the Conference Board. The lengthy and convoluted hiring process, including multipage questionnaires and months-long interviews, is turning off potential employees, with recruiters overlooking internal candidates for outside talent. Companies need to bring discipline to their hiring processes, focusing on what is actually needed for the job and keeping track of how many candidates they have considered and how many offers they have made.
Executives in the US looking forward to a softening labour market with some relief—at last, it will be easier to hire people—might be in for an unwelcome surprise. In a survey by the Conference Board, 57% of CEOs said they’re having problems attracting qualified workers. While that number has declined from the final quarter of 2022, it still means that more than half of companies find it hard to hire.