Survey reveals 43% of business leaders don’t think they have adequate staffing resources

HRHQ Staff shortages

by HRHQ Editorial Team

The findings of a recent survey reveal that 43% of business leaders don’t think they have adequate staffing resources to meet current business needs. I.T. Alliance Resourcing Services, part of the I.T. Alliance Group, recently announced that furthermore, a third (33%) don’t think they have the adequate technological resources to meet current business needs.

The survey of 100 c-suite executives in larger companies or enterprises (more than 250 employees) across Ireland – carried out by Censuswide – also showed that almost half (45%) of executives are expecting to increase staff numbers in 2023. The sectors where hiring is most likely were found to be healthcare (88%), finance (67%), and HR (67%).

Meanwhile, 46% of business leaders are in the process of rightsizing their team and the same proportion (46%) are reviewing their workspace requirements with plans to either reduce or close office space in 2023.

Perhaps unsurprisingly, given the lack of resources, 46% have witnessed employee burnout in their organisation. In terms of the sectors where this was most prevalent, manufacturing and utilities came out top (71%), followed by finance (67%) and HR (67%).

Among the business leaders surveyed, more than one in three (35%) have suffered from burnout themselves. Those working in healthcare were most impacted (63%).

At the other end of the spectrum, 39% of business leaders admitted to facing issues around quiet quitting (a trend where employees put no more effort into their jobs than is absolutely necessary).

Despite these challenges, almost half (44%) of business leaders are optimistic their business will grow in 2023 and 52% don’t think there will be a recession. The optimism around business growth in 2023 was highest among respondents working in HR (67%), arts and culture (60%), and IT and telecoms (55%).

Paul Schmitz, Group Sales Director, I.T. Alliance, commented: “The world of work has undoubtedly changed with hybrid workstyles remaining at the fore for many Irish organisations. As well as workstyles, business leaders are currently reviewing their requirements around workforces and workspaces to find the best way forward, plan for the future and ensure they can fulfil their own objectives.

“With this in mind, coupled with the current economic climate and the ever-present skills gap, it’s clear that companies need to be more fluid and agile than ever when it comes to their resourcing capabilities. This means balancing the current demand for services and their long-term plans, which can be incredibly difficult.”