Applying for a new job this year? You might have to wait longer to hear back than you expected. from HR firms The Josh Bersin Company and AMS found that the average time-to-hire rate — the number of days between a company first posting a position to an employee accepting the offer — has reached an all-time high.
Experts suggest that companies are finding it difficult to fill open positions as industries seek new, emerging skills that workers may lack amid an uncertain economy, Janet Mertens, Josh Bersin Company's senior vice president of research,"Whatever may be happening in the world economy currently, it is clear that supply and demand are not in sync in terms of the type of skills available and the gaps that need to be filled," Josh Bersin, the CEO of the Josh Bersin Company, said in...
Companies in the retail and consumer industry were found to take the least amount of time to fill open roles, while those in tech and media take about 20 days to hire workers. The research suggests that businesses may need to hire more quickly if they want to stay competitive. "In the current age, the large number of days it takes to hire remains unsustainable if companies are to remain competitive and keep pace with the fast-changing needs of their industry,"