Job Vacancies Are Crushing Revenue and Morale

 
 
 
Lean-mean budget tightening for staffing is taking a heavy toll on organizational performance. Many employers now acknowledge that job vacancies are creating a decline in both the quality of work and revenue, according to a recent survey from CareerBuilder. And companies may have to deal with this for an extended period because hiring companies can't fill positions—even if they're authorized to do so—due to a significant lack of qualified, skilled job candidates. Ultimately, the findings convey a double-edged sword that may cripple prospects for an economic rebound anytime soon. "If we want to see more positive movement in the U.S. market, we have to do a better job of realigning the skills of our labor force with positions that are in high demand," says Matt Ferguson, CEO of CareerBuilder. "Prolonged vacancies can result in lower-quality work, lower sales and morale, and can cause a delay in creating other related positions within the organization." More than 1,640 U.S. hiring managers, HR professionals and 2,030 job seekers took part in the research.

Job Vacancies Are Crushing Revenue and Morale

34% of employers say job vacancies have resulted in a lower quality of products or services due to employees being overworked.
Job Vacancies Are Crushing Revenue and Morale
 
 
Dennis McCafferty is a freelance writer for Baseline Magazine.
 
 
 

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