CHICAGO – July 7, 2015 – It’s a brand new day for HR executives, according to a new CareerBuilder survey of U.S. CEOs. In a complex post-recession job market with a growing talent gap, top executives are relying more on recruitment and HR leaders for innovative business strategies grounded in data.
“HR is the new frontier for data science applications in business,” said Matt Ferguson, CEO of CareerBuilder and co-author of The Talent Equation. “In our study, CEOs acknowledge that the recruitment landscape is changing and the need for their HR teams to come forward with data-driven, competitive approaches and efficient technologies is more critical than ever. HR leaders are becoming more influential members of the executive team. CEOs are looking for HR to be
just as data-savvy and digitally-savvy as other areas of the company, and take quick, measurable actions that move the business towards its goals.”
Shaping this new era is a post-recession landscape defined by increased competition for skilled talent in the face of shrinking labor pools and demands for higher salaries. Sixty percent of CEOs reported their companies have not been able to reach their full potential because they cannot find enough qualified candidates, and almost one fourth (23 percent) say the pressure to raise wages is among issues that keep them up at night.
The nationwide survey was conducted by Harris Poll on behalf of CareerBuilder from April 14 to 21, 2015 among 88 leaders at companies with revenue of at least $50 million.
According to the survey, characteristics of this new recruiting era include:
Expectations that HR teams will interpret data and ascertain the right talent mix.
Calls for a more efficient recruitment process that provides for a better candidate experience.
Willingness to give HR a bigger role in the organization – with room to grow.
This survey follows the June 24 launch of CareerBuilder1, an HR software solution that delivers job distribution, sourcing, workflow, CRM, data and analytics in one pre-hire platform, designed to alleviate issues facing top executives by finding better quality candidates more quickly and efficiently.
The survey was conducted online within the U.S. by Harris Poll on behalf of CareerBuilder among 88 executives ages 18 and over (CEO, Chairman/Board Member, Partner/Principal, Owner, or Company President with company revenue of at least $50 million) from April 14 to 21, 2015. With a pure probability sample of 88, one could say with a 95 percent probability that the overall results have a sampling error of +/- 10.45 percentage points.
As the global leader in human capital solutions, CareerBuilder specializes in HR software as a service to help companies with every step of the recruitment process from acquire to hire. Its online career site, CareerBuilder.com®, is the largest in the United States with more than 24 million unique visitors and 1 million jobs. CareerBuilder works with the world’s top employers, providing job distribution, sourcing, workflow, CRM, data and analytics in one pre-hire platform. Owned by TEGNA Inc. (NYSE:TGNA), Tribune Company and The McClatchy Company (NYSE:MNI), CareerBuilder and its subsidiaries operate in the United States, Europe, South America, Canada and Asia. For more information, visit www.careerbuilder.com.
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