Majority of executives not satisfied with workforce talent levels

Companies often succeed or fall short of goals based on economic trends. When the economy is on the uptick, businesses feel the spike; but if it’s down, firms often experience the repercussions. However, one constant in the business equation is human capital. No business can succeed without a dedicated and skilled staff, which makes a recent survey of American executives a bit alarming. Citing a lack of talent, a number of top execs are unsatisfied with employee skill levels and might do well to work with recruiting agencies.

Majority find employees “average”
Senior management professionals are unimpressed with workforce talent and are looking for employees with more applicable and critical skills, according to the American Management Association (AMA). In a recent survey, executives identified communication skills, creativity, collaboration and critical thinkings as hallmarks of a highly-skilled employee, but a majority of respondents found such skills lacking at their worksites.

Sixty-two percent of execs said their employees’s communication skills were average or below average. Sixty-one percent said the same in regard to creativity; 52 percent about collaboration; and 49 percent agreed when asked about critical thinking.

“We believe that critical thinking, communication, collaboration, and creativity are the keys to keeping up with the relentless pace of change that confronts all businesses and their employees as we push forward in the global economy,” said Edward Reily, president and CEO of the AMA.

The lack of talent could spell trouble for firms, as nearly 75 percent of respondents said the four Cs will become more important in the next three to five years.

Employers find recent graduates lacking
An important aspect of human capital management is the need for a regular influx of fresh ideas, faces and perspectives. However, a problem arose for many executives when they noted recent grads within their respective organizations lacked critical skills. Respondents said 64 percent of such employees were at or below average in regard to their critical skill set.

Additionally, those in the market for experienced workers might find it a challenging task to train seasoned employees in critical skill sets. Around 48 percent said it would be difficult to train or develop experienced workers. Courting talent with the help of a supply chain recruiter would likely prove to be a more profitable venture.

Additionally, the 14.6 percent of respondents that represented the manufacturing industry would likely benefit from the services offered by manufacturing recruiters.