Recruiting firms say employers need to raise wages

Valerie Bolden-Barrett | January 30, 2020

Recruiting firms say employers need to raise wages
Most recruiting firms (77%) responding to a recent survey said employers must raise wages to compete for qualified talent in 2020. Forty-four percent said this need was one of their top three hiring challenges for the next three to five years, up from 30% last year, according to findings released by cloud-computing company Bullhorn Jan. 28. In other key results, the recruiting firms reported that roughly half of employers require diverse candidate shortlists. They also said skills shortages are their top recruiting challenge. The results make clear that change is needed, from pay to digital transformation, according to Gordon Burnes, Bullhorn's chief marketing officer. But "[t]he focus on the need for employers to increase rates of pay to remain competitive in the labor market stands out as a new emphasis on finding ways to draw talent into a tight labor market," he said in a statement.

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