Money & Business

Data Nugget: The Tortoise and the Hire

By / Apr 1, 2016 (PeerCreative/ThinkStock)

Finding new employees isn’t as easy as it used to be.

It takes 63 days, on average, for a company to hire new employees—three weeks longer than it did in 2010—according to a 2015 survey of 400 recruiters by corporate advisory firm CEB. The growing timespan holds with broad trends CEB sees in business benchmarks: “We find again and again that decision making at even the most basic level has slowed materially over the past five to 10 years.”

Source: “The Hard Evidence: Business Is Slowing Down,” by Tom Monahan, Fortune, January 28, 2016

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