Posts Tagged ‘Employment Market’
2019 Market NOT Impacting Employment Boom
If you were watching the Stock Market in December to close out 2018, things appeared a bit shaky. Do NOT believe the hype. My 401k statement was not as pretty in 2018 as the year prior but all was not lost. There is a clear point that needs to be understood. The Stock Market is…
Read More2018 Year-end Recruiting and Hiring Update
As we enter the last 6 – 8 weeks of 2018, we see a somewhat unusual trend for this time of year. Historically, companies are winding down recruiting efforts by this time due to a number of factors, such as finishing up before the holidays roll around. By late November, hiring managers and HR departments…
Read MoreMajor Reason Companies Lose Good Job Candidates: Taking too Long!
This fact cannot be stressed enough; when the interview and hiring process drags on and on, top talent will give up and move on to other opportunities. A candidate-driven market naturally places candidates in the driver’s seat, thus shifting power away from the hiring company. This is especially true when it comes to those hard…
Read MoreMid-Year 2018 Recruiting & Employment Trends and Insight
As we hit the midpoint of Q3, it is a good time to reiterate some key recruiting trends to keep an eye on as the labor market and economy continue to flourish. If you partner with an external recruiting firm, it is important to make sure they have a finger on the pulse of what…
Read MoreUnderstanding & Addressing Candidate Motivation
Actively searching for a new job, or considering an out of the blue opportunity, can be a very stressful (exciting, emotional) time in one’s life. The factors that surround deciding whether to accept a new position, or even consider looking for one, vary profoundly based on a candidates’ circumstances and motivation. To be a successful…
Read MorePlease Share Your Hiring Mangers – A Recruiter’s Plea
The unemployment rate in May fell to 3.8%, the lowest since April 2000, which means saying we are in a candidate driven market is an understatement. The talent shortage has led to a surge in companies seeking outside recruiting assistance. That’s good news for our industry of course, but with that comes an added responsibility…
Read More2018 Employment Market Forecast is Looking Good
Good news for the employment market and recruiting industry moving into 2018 with employers in all US regions and industry sectors expected to increase staff. The manufacturing and construction industries in particular are experiencing a rejuvenation leading to a marked increase in job openings within those sectors. The overall unemployment rate is expected to continue…
Read MoreDecrease Turnover: Staying Ahead with Stay Interviews
Building on our article last month about Job Hoppers, companies have the opportunity to decrease turnover by implementing the valuable practice of the “Stay Interview” with current employees. This is certainly not a brand-new concept, but the current employment climate has forced companies to consider its relevance in the war for talent. Today, the average…
Read More2017 Employment Market Update
We are already more than halfway through 2017. The unemployment rate remains low and companies continue to hire across most sectors with the exception of retail. Currently there are only 1.2 unemployed persons per job opening, leaving employers struggling to find candidates that fit their needs. A Few Observations We see a disconnect between candidates…
Read MoreCompanies Should Remain Flexible on “Requirements”
The established trend of a candidate-driven market has forced companies to examine and implement alternative tactics to attract desired talent. The demand for highly skilled employees is so great, that thinking outside of the box is no longer a luxury but a necessity in terms of recruiting and hiring strategies. One unconventional practice and one…
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