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Key to skills shortage could be cash, benefits

While 92 percent of employers say that severe skills shortages in their industries are weighing on productivity, employee satisfaction and turnover, the actual reason may have more to do with pay than skills.

By Marlene Y. Satter | Updated on February 01, 2018
While employers respondents view competitors who can pay more as their biggest threat, that doesn't mean they're upping the ante accordingly. (Photo: Shutterstock)

Employees aren’t satisfied with their jobs, and while employers say it’s because of the skills shortage, the truth might be simpler: higher pay and better benefits.

HRDive reports that while 92 percent of employers surveyed in the Hays U.S. 2018 Salary Guide say that severe skills shortages in their industries are weighing on productivity, employee satisfaction and turnover–with construction and the life sciences reporting the greatest shortages–the actual reason may have more to do with pay than skills.

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