- The document discusses a CEO survey on workforce and recruitment challenges. - Nearly half of employers have open positions they can't fill due to a skills gap. This is a major concern and 60% of CEOs think it holds their companies back. - Recruitment challenges for CEOs include not enough skilled candidates, an inefficient recruitment process that takes too long to fill jobs, and high costs per hire. Nearly half say their recruitment process needs improvement.

1. ©SHRM 2015©SHRM 2015
MATT FERGUSON
CEO, CAREERBUILDER
@CBFOREMPLOYERS
SHRM ANNUAL CONFERENCE & EXPOSITION
WHAT CEOs THINK
ABOUT 2015'S TOP
WORKFORCE
ISSUES June 30, 2015
2:15 – 3:30 p.m.

2. ©SHRM 2015©SHRM 2015
OVERVIEW
Labor Market

3. ©SHRM 2015
95
-298
-424
88
174 186 194
260
217
-500
-400
-300
-200
-100
0
100
200
300
2007 2008 2009 2010 2011 2012 2013 2014 YTD 2015
JobCreation(000s)
2 |
AVERAGE MONTHLY NON-FARM JOB CREATION
(Source: U.S. Bureau of Labor Statistics)

4. ©SHRM 20153 |
CHURN RATE VS. TOTAL NON-FARM JOBS, 2003-2013
(Source: The Pulse of U.S. Hiring Activity, 2014 CareerBuilder & EMSI Report)
125,000,000
127,000,000
129,000,000
131,000,000
133,000,000
135,000,000
50.0%
55.0%
60.0%
65.0%
70.0%
75.0%
80.0%
85.0%
90.0%
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Churn Rate Jobs

5. ©SHRM 20154 |
Nationwide survey conducted by Harris Poll
on behalf of CareerBuilder
Participants: CEO or President of company, Chairman /
Board Member, Partner / Principal, Owner
Companies with revenue of at least $50 million
CEO
SURVEY
©SHRM 2015

6. ©SHRM 2015
ON WORKFORCE & RECRUITMENT CHALLENGES
CEOs’ Views

7. ©SHRM 2015
WHAT WORKFORCE CHALLENGES KEEP YOU UP AT NIGHT?
14%
7%
11%
14%
16%
17%
18%
23%
23%
25%
25%
32%
32%
33%
None of these
Other
Not enough diversity in the organization
Low morale
Potential layoffs due to automation, market conditions or other factors
The rate of voluntary turnover
Insufficient employee engagement
Pressure to raise wages
Being able to scale up globally
Change management
Development/training of teams and individuals needs to be more effective
Not enough good leaders within the organization
Managing costs associated with new legislation
The skills gap within our organization
6 |

8. ©SHRM 2015
WAGE PRESSURE IN 2015:
RAISES AT BOTH ENDS?
7 | Source: 2015 CareerBuilder Annual Forecast (Harris Poll)
IT, Sales, Engineering and Customer Service
to see biggest increases for starting salaries.
©SHRM 2015
45%
of employers expect
to raise the minimum
wage within their
organizations
53% of this group will
raise it by $2 or more
on average
26%
of employers expect
starting salaries to
increase by 5% or more
over the previous year
That’s almost 4 times
higher than 2010 - 7%

9. ©SHRM 20158 |
SKILLS GAP
CONTINUES TO BE
A MAJOR CONCERN
Nearly half of employers currently have open
positions for which they can’t find qualified
candidates
37% of employers have positions that stay open
12 weeks or longer; 1 in 6 companies loses
$25,000 or more per open position due
to extended vacancies
Source: CareerBuilder’s June 2014 and November 2013 nationwide studies of employers conducted by Harris Poll

10. ©SHRM 2015
SKILLS GAP CONTINUES TO BE A MAJOR CONCERN
9 |
48,957
59,279
Software
Developers
Total employment in 2014 Growth in jobs 2010-2014
Annual job openings
2010-2014 Degree completion 2013
Percentage of the
workforce ages 55+
Machinist 410,219 59,269 Up 17% 23,861 6,184 25%
Average Monthly Unique Job Postings vs. Average Monthly Hires: 2013-2014
103,978
124,933
Registered
Nurses
postings per month
postings per month
hires per month
hires per month
Source: Economic Modeling Specialists International, 2014

11. ©SHRM 2015
My company has not been able to reach its full potential because we can’t find enough qualified candidates.
MAJORITY OF CEOs THINK SKILLS GAP HOLDS THEIR COMPANIES BACK
10 | ©SHRM 2015
8% 52% 32% 8%
Strongly agree Agree Disagree Strongly disagree
Agree 60% Disagree 40%

12. ©SHRM 2015
WHAT ARE YOUR TOP RECRUITMENT CHALLENGES?
10%
3%
11%
17%
19%
23%
25%
30%
49%
None of these
Other
We can't provide competitive compensation
Our employment brand is not known or not perceived positively
Our cost per hire is too high
We need a better strategy/process for recruiting in global markets
Our candidate experience is not as good as it could be
The recruitment process is not efficient - it takes too long to fill open positions
There aren't enough skilled candidates for the positions we need to fill
11 |

13. ©SHRM 2015
HOW WOULD YOU RATE THE RECRUITMENT EFFICIENCY OF YOUR HR TEAM?
13%
65%
20%
2%
0%
Excellent, needs no improvement Good, but could use a little
improvement
It's OK, we're getting by Bad, needs improvement Horrible, needs a lot of
improvement
12 |

14. ©SHRM 2015
My company has lost money due to an inefficient recruitment process.
INEFFICIENT RECRUITMENT HURTS BOTTOM LINE
13 | ©SHRM 2015
5.7% 42.0% 39.8% 12.5%
Strongly agree Agree Disagree Strongly disagree
Agree 48% Disagree 52%