Why Companies Can’t Find the Employees They Need

Some of the complaints about skill shortages boil down to the fact that employers can’t get candidates to accept jobs at the wages offered. That’s an affordability problem, not a skill shortage. A real shortage means not being able to find appropriate candidates at market-clearing wages. We wouldn’t say there is a shortage of diamonds when they are incredibly expensive; we can buy all we want at the prevailing prices.

Peter Cappelli is a Professor at the Wharton School of Business who explains that employers can’t find employees to hire because a variety of reasons, including unrealistic expectations, lack of training by employers, inflexibility, and a lack of imagination by employers. He suggests that employers should train or have longer probationary periods with prospective employers that don’t have every skill wanted by employers. This, among a few other ways, would help the economy out of the recession.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s