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Two in Five U.S. Employers Say Job Vacancies Negatively Affected Business

talent statisticsAccording to a new CareerBuilder survey, 38 percent of U.S. companies say they have experienced negative implications from extended job vacancies, citing less effective business performance, lower quality work, lower morale and higher employee turnover.

When asked about specific losses, 41 percent of those companies have noticed decreased productivity, 21 percent have experienced lost revenue and 22 percent say it is hindering their business’ growth efforts.

These findings underscore the need for employers to proactively work toward bridging the skills gap in their own organizations in order to counteract the “adverse ripple effect” – as CareerBuilder CEO Matt Ferguson puts it – that hinders job creation, company performance and economic expansion. According to Ferguson:

“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.”

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Mary Lorenz

About Mary Lorenz

Mary is a copywriter for CareerBuilder, specializing in B2B marketing and corporate recruiting best practices and social media. In addition to creating copy for corporate advertising and marketing campaigns, she researches and writes about employee attraction, engagement and retention. Whenever possible, she makes references to pop culture. Sometimes, those references are even relevant. A New Orleans native, Mary now lives in Chicago, right down the street from the best sushi place in the city. It's awesome.
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  3. [...] by 10 percent is nothing to sneeze at; however, when considering how much businesses stand to lose when positions go unfilled or when they hire the wrong people, increasing compensation ultimately might be the more [...]

  4. [...] by 10 percent is nothing to sneeze at; however, when considering how much businesses stand to lose when positions go unfilled or when they hire the wrong people, increasing compensation ultimately might be the more [...]

  5. […] to Handle It: Every vacancy at a company comes at a cost, and 38 percent of U.S. companies say they have experienced negative implications from extended job vacancies. Therefore, recruiters […]

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