One of the most important aspects of any business is its workers. Simply put, businesses couldn’t operate without them. Ardent Partners lists talent as any organization’s purest competitive differentiator. Finding the right workers at the right time, however, can be one of the most challenging and unpredictable tasks companies may face.
Staffing Industry Analysts recently highlighted the current state of hiring finding:
- Job openings rate rose to 3.8% in February, a seven-month high.
- The Northeast region of the U.S. saw an increase in job openings.
- The accommodation and food service space alone saw about 66,000 new jobs.
- However, hiring numbers fell to 2.0%.
While it’s great that job openings are on the rise, the fact that hiring rates aren’t following suite is problematic. If job openings continue their upward trend and hiring rates continue to decline, companies will run into a dilemma of needing work to get done without the people to do so.
Let’s take a look at why the number of job openings and completed hires are experiencing a gap.
What’s the problem?
One of the issues companies face is finding workers with the required skill sets needed for these openings. In this Reuters article, economist Chris Rupkey said the hiring decline "...shows you that there is one of the most gigantic skills mismatches out there across the country that we have ever seen in history."
This is a clear concern, as the longer a job remains unfilled, the more potential revenue is lost. The obvious reason would be the high costs of hiring and recruiting, but open job requisitions also equal lost time and productivity.
Finding workers with a specific skill set doesn’t have to be a challenge. With Shiftgig, businesses are able to tap into a pool of pre-vetted, skills-assessed workers who can quickly jump in and contribute to their teams.
Shiftgig’s rigorous internal processes ensure that only qualified workers (called Specialists) are able to claim shifts. Through a myriad of in-person interviews, assessments and background checks, as well as special tagging to correspond with skills and experience in the Shiftgig platform, Specialists can claim only the shifts for which they are approved to work.
Obtaining access to skilled workers is also quick when using an on-demand labor platform like Shiftgig. When you post an available shift in the app, our technology essentially does the recruiting for you, surfacing your opening to a qualified pool of Specialists who meet your requirements.
Temporary hiring is expected to increase by double digits next year so it’s important to put a strategy in place of how and where your company can find skilled workers on-demand.