Hiring managers are losing sleep over challenges expected during the coming year. According to a survey from The Harris Poll commissioned by Express Employment Professionals, 85% of U.S. hiring managers expect challenges in 2023. And three-quarters (75%) say these concerns are keeping them up at night.
Decision-makers are losing sleep over:
- The labor shortage continuing (29%)
- Increases in employee turnover (28%)
- Increased demand from candidates for better benefits in order to accept a job offer (27%)
- Inability to fill open positions (27%)
Just over 4 in 10 (42%) hiring managers report their company has open positions they are unable to fill. These respondents report a lack of applicants with hard skills (39%), relevant experience (38%), soft skills (36%), and/or a lack of applicants in general (34%).
That said, there are some signs of hope, such as a growing number of applicants and interviews at some Express franchises. “With some promising signs of inflation easing and more job seekers entering the picture, my hope for the new year is that employers can finally catch a break and get a good night of rest after the tumultuous past two years,” said Bill Stoller, CEO of Express Employment International.