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March 20, 2013 /PRNewswire/ -- The growing deficit of skilled labor needed to fill in-demand jobs is causing a drag on employers across the globe. A significant number of employers in the ten largest world economies said that extended job vacancies have resulted in lower revenue and productivity and the inability to grow their businesses. Employers in
China were the most likely to report having open positions they cannot fill and corresponding negative effects on their company performance.
Russia houses the largest percentage of employers reporting a revenue shortfall tied to extended job vacancies while the U.S. is among those most likely to report a productivity loss.
Japan ranked high among those who said the inability to find skilled talent has impeded expansion of their businesses.
The BRIC nations are also hiring at a more accelerated rate, containing the highest percentages of employers planning to add full-time, permanent staff in 2013 (see
CareerBuilder's Global Job Forecast).
Negative impact of positions that stay open too longA large percentage of employers in the top ten economies stated their companies have experienced negative implications from extended job vacancies, citing less effective business performance, lower quality work, lower morale and higher employee turnover. Following the BRIC nations, employers in
France were the most likely to report this.
China – 81 percent
Brazil – 74 percent
Russia – 74 percent
India – 69 percent
Italy – 55 percent
France – 47 percent
U.K. – 41 percent
Japan – 40 percent
Germany – 39 percent
U.S. – 38 percent
Of employers who have felt a detrimental impact from extended vacancies, the following reported suffering a loss in productivity and revenue and stagnant business growth.