CFOs in cities across the United States are reporting recruiting challenges, but would it surprise you to know that Philadelphia ranks near the top of that list?
Robert Half recently released new research that reveals businesses are having a particularly hard time finding skilled professional-level job candidates, especially in these five cities:
- Miami: 77 percent*
- Philadelphia: 74 percent
- New York: 73 percent
- Detroit: 72 percent
- St. Louis: 72 percent
* CFOs who said it is either somewhat or very challenging to recruit skilled professional-level candidates.
View the complete research results here.
Why is hiring in Philadelphia so challenging right now?
Stephanie Naznitsky, regional manager for Robert Half in Philadelphia, says that there is currently a local “war for talent.”
Stephanie explains, "With the unemployment rate at 1 percent to 4 percent for accounting and finance positions and job openings hitting a 13-year high, job seekers have more choices, which is resulting in multiple offers for top candidates. In addition, hiring in Philadelphia is more competitive than we’ve seen it in recent years, due to an increase in production in the manufacturing sector, regulatory issues in financial services and the increase in demand for general staff and senior accountants.”
As the pool of qualified job candidates shrinks, many local companies are ramping up their recruiting and retention efforts. From re-evaluating their salary and benefits packages, to offering more perks to employees, local companies are doing whatever they can to sweeten the pot to attract – and keep – the very best people.
Is your company struggling find qualified candidates here in Philadelphia? If so, what are you doing to make sure you’re attracting the best people? We want to hear from you…