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TheStreet Open House

Skills Gap Causing Losses In Productivity And Revenue In Top Ten World Economies, According To CareerBuilder Survey

Loss of Productivity

  • China – 65 percent
  • U.S. – 41 percent
  • Russia – 40 percent
  • Brazil – 39 percent
  • U.K. – 33 percent
  • India – 32 percent
  • Germany – 31 percent
  • Italy – 31 percent
  • Japan – 30 percent
  • France – 21 percent

Loss of Revenue

  • Russia – 29 percent
  • China – 26 percent
  • Japan – 26 percent
  • Germany – 24 percent
  • India – 22 percent
  • U.S. – 21 percent
  • Italy – 19 percent
  • France – 17 percent
  • U.K. – 16 percent
  • Brazil – 15 percent

Inability to grow their business

  • China – 33 percent
  • Japan – 25 percent
  • France – 24 percent
  • U.S. – 22 percent
  • U.K. – 22 percent
  • India – 21 percent
  • Germany – 21 percent
  • Italy – 21 percent
  • Russia – 20 percent
  • Brazil – 19 percent

Hardest to fill positions for skilled laborNot surprising, technical fields – namely Information Technology and Engineering - dominated the areas where employers said they are having the most difficulty recruiting skilled talent.  There were notable challenges in recruiting for high end sales positions in the U.S. and Europe, and recruiting for Research & Development jobs in India, China and Japan.  Filling Production jobs is a bigger challenge in Brazil, Russia and Europe.

  • U.S. – Information Technology, Sales and Engineering
  • U.K. – Engineering, Information Technology and Customer Service
  • France – Production, Sales and Customer Service
  • Germany – Information Technology, Engineering and Sales
  • Italy – Production, Creative/Design and Sales
  • Russia – Engineering, Production and Information Technology
  • India – Research & Development, Information Technology and Marketing
  • China – Research & Development, Creative/Design and Engineering
  • Japan – Engineering, Information Technology and Research & Development
  • Brazil – Information Technology, Production and Customer Service

Survey MethodologyThis survey was conducted online within the U.S., Brazil, China, France, Germany, India, Italy, Japan, Russia and the U.K. by Harris Interactive © on behalf of CareerBuilder among 400 to 2,611 hiring managers and human resource professionals (employed full-time, not self-employed, non-government) in each country between November 1 and November 30, 2012 (percentages for some questions are based on a subset, based on their responses to certain questions). With pure probability samples ranging from 400 to 2,611, one could say with a 95 percent probability that the overall results have a sampling error between +/- 4.9 and +/-1.92 percentage points.  Sampling error for data from sub-samples is higher and varies.

About CareerBuilder®CareerBuilder is the global leader in human capital solutions, helping companies target and attract their most important asset - their people. Its online career site, CareerBuilder.com®, is the largest in the United States with more than 24 million unique visitors, 1 million jobs and 50 million resumes. CareerBuilder works with the world's top employers, providing resources for everything from talent and compensation intelligence to employment branding and recruitment support. More than 10,000 websites, including 140 newspapers and broadband portals such as MSN and AOL, feature CareerBuilder's proprietary job search technology on their career sites. Owned by Gannett Co., Inc. (NYSE:GCI), Tribune Company and The McClatchy Company (NYSE:MNI), CareerBuilder and its subsidiaries operate in the United States, Europe, South America, Canada and Asia. For more information, visit www.careerbuilder.com.

Media Contact Jennifer Grasz773-527-1164 Jennifer.Grasz@careerbuilder.com  http://www.twitter.com/CareerBuilderPR

SOURCE CareerBuilder

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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