On Friday, January 10th, Edward Fleischman, Chairman and CEO of The Execu|Search Group, made a guest appearance on Bloomberg Television’s “Taking Stock” with Pimm Fox where he discussed The Execu|Search Group’s hiring projections for 2014.
The projections, which are also featured in The Execu|Search Group’s 2014 Regional Hiring Outlook whitepaper, covered top challenges clients are facing in growing their business, the skills gap, and the increase in demand for staffing services.
“We’re finding that close to 50% of the clients we surveyed have reported that the top impediment in growing their business is hiring talent,” explained Edward. “They have a need for certain skills and are having a difficult time finding candidates who possess these skills in the marketplace.”
To bridge the gap between hiring needs and the skills shortage, which according to the recruitment firm is especially prevalent in the Healthcare sector, Edward noted that employers must be willing to pay more for the talent they do find, and if they can’t find the talent they want, he advised employers to “get people on board who possess drive and initiative, and train them.”
Edward also commented on the need for talent internally at The Execu|Search Group. “We’re a function of the marketplace and if our clients are hiring, we have to hire people in our firm so that we can meet their demands. For instance, in 2013, we experienced a 23% increase in headcount. As the market continues to have this demand, we at Execu|Search will continue to grow.”
To view the full Bloomberg segment, click here: http://www.businessweek.com/videos/2014-01-10/the-challenges-of-attracting-the-right-talent
To read the 2014 Regional Hiring Outlook Whitepaper, you can download it here: http://www.execu-search.com/insights