“The biggest challenge employers face in recruiting new hires is the competition between companies for talent” notes Worldwide ERC, the association for global workforce mobility management. According to an article on their website, more than 90% of the companies surveyed are having problems recruiting the right people and more than 20% consider the problem severe. They were asked to give the reasons why they have been running into difficulties in hiring talented people – here are their responses (including percentages from the 2002 survey):
2002 2006
Competition with other companies 47% 59%
Lack of qualified candidates 48% 50%
Cost of living/housing issues 26% 38%
Undesirable areas 22% 32%
Dual career/family issues 28% 27%
Inadequate compensation/benefits 7% 16%