Businesses Face Weak Talent Pool

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Madbury, N.H. — Nov. 9
Today’s talent pool is weak.

At least that’s the view of senior executives and managers surveyed by NFI Research.

And regarding hires over the next year, the majority of businesses will not be searching for entry-level positions.

Sixty-four percent of business leaders say that when hiring for their department or organization, they face a weak talent pool, with 18 percent saying the available talent pool is significantly weak and almost half (47 percent) saying it is somewhat weak, according to the worldwide survey of 193 senior executives and managers.

A slight majority (51 percent) of senior executives and managers say they will seek fewer entry-level hires in the next year. The rest say that they will seek more entry-level hires.

“With all of the pressures at work today, executives are looking for new hires who can hit the ground running,” said NFI Research CEO Chuck Martin, author of SMARTS, Are We Hardwired for Success?

By company size, there were no significant differences in the viewpoint of the amount of available talent when hiring for a department or organization.

“Due to the highly competitive nature of the business environment, hiring fully trained and skilled talent is critical,” said one survey respondent. “The days of developing and training new hires is not a luxury we can afford.”

NFI Research surveys 2,000 senior executives and managers globally every two weeks. It has chronicled the transformation of business and countless workplace issues for more than eight years. NFI’s Chairman and CEO Chuck Martin is a best-selling author of seven business books and frequently presents NFI’s findings to businesses around the world.

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