Read any headline about the current U.S. employment situation and you'll gather it's quite an employer's market right now. Americans are taking lowlier positions at reduced wages just to stay employed.
However, the segment of "critical-skill" employees is dwindling. Demand for tech- and engineering-related qualifications has been rising, but the pool of such workers is meager. According to a survey released this week by Towers Watson and WorldatWork, 59 percent of U.S. employers reported problems attracting critical-skill employees this year, up from 52 percent in 2010 and 28 percent in 2009.
Meanwhile, wages and hours worked among the rest of the workforce continue to worsen, offering an image of middle class diffusion. Nearly two-thirds of surveyed companies expect their employees to work more hours now than they did before to the recession. Yet, The New York Times reported Monday that U.S. median household income declined by 6.7 percent over the past two years.
"Although economic conditions have improved and hiring rates have increased modestly since 2009, companies are experiencing difficulties finding and recruiting employees with critical skills," said Laura Sejen, global head of rewards consulting at Towers Watson. "Companies are taking longer to fill these positions, and more of them are open."
Tags : Taxes, Corporate Books, Operating Agreements, Certified Documents
Posted: Oct 10th, 2011