Skills Gap: Is It Real, and Who’s Responsible?

U.S. News & World Report (02/18/15) Andrew Soergel

Although businesses increased hiring dramatically last year, about half of the respondents to PayScale’s annual compensation best practices survey said they were having trouble finding skilled workers to fill open positions. Seventy-five percent of recruiting firm professionals said there are skills shortages in the industries they work with, according to a separate Bullhorn survey. The rise of technology is partly responsible but a bigger issue is that employers likely need to raise wages.

“Is there actually a [skills] gap, or do companies just have to open up their wallets?” said Tim Low, vice president of marketing for PayScale. “Perception is reality, and this survey is the result of talking to businesses. And they perceive that they are having trouble finding qualified candidates.”

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