It is a great thing that unemployment is as low as it is (around 2% for college-educated workers), but there is a downside: employers are now facing a talent shortage of epic proportions.
Staffing firm Robert Half recently surveyed CFOs, and found that many are having to get creative with their recruiting practices.
“With skilled professionals in short supply, hiring tactics that worked well a few years ago may no longer be effective,” said Paul McDonald, senior executive director for Robert Half. “Smart businesses are retooling their recruiting practices to feed the talent pipeline.”
Casting a Wider Net
To cast a wider net, 51% of executives are considering entry-level applicants for roles that historically weren’t open to them, and an equal percentage are expanding their search geographically.
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