Due to the Covid-19 Outbreak and the economic consequences that come with it, we have seen a rise in unemployment with a rate of 5.5% on a national basis. This means there are more available candidates on the market as a result. While the highest concentration of newly available people is in the restaurant and hospitality industries, your company may need to hire people with these skill sets, and now is the perfect time to do so. Here are our...
In a fast-paced candidate driven market, we are seeing more activity than ever. Companies can sometimes struggle to keep top talent under their roof. According to Gallup, the current quit rate of 2.3% is an all-time high. Employees quit their jobs for many reasons, but in today’s market losing good employees is an ever-present danger. Below are 4 reasons you might lose your best employees in the current job market. Rumors of Company Selling Perhaps nothing creates more widespread company panic than...
Hiring continues to become more and more challenging as trends in the job market wear on. Candidates are harder to find, and the right candidates are even harder. It’s important to know how to overcome the challenges of the current market and find the best possible candidates to fill your jobs. Below are 5 of our best tips for hiring good people in today’s market. Have a Referral Strategy Having a referral strategy in place is extremely important when it comes to...
Staying up to date on the current trends and patterns in today’s hiring market is important when it comes to being a competitive employer and finding the best talent for your company. In case you missed it, read Part One of this article for more hiring trends to look for. Below are 4 more trends that are likely to affect your business in 2020. Technology/Automation to Improve Processes Technology is always improving and we expect this trend to play a big role...
It’s important to stay up to date on the current trends and patterns in today’s hiring market to be a competitive employer and hire the best candidates. The new year has brought several new reports and new data with insights for 2020. We have analyzed the trends most likely to affect your business and offer this 2-part blog in preparation of the coming year. Below are 3 hiring trends to watch in 2020. Speed of Hiring Must Increase The Bureau of Labor...
It may be tempting to hold out for the absolute perfect candidate, but in the current market it’s important to understand the importance of compromise. Below are our best 3 reasons why you shouldn’t wait for the perfect candidate—and why you should hire a great one instead. Longer Interview Processes Lead to Lower Quality Hires The best candidates won’t wait around through a long interview process. It’s a candidate’s market and they will likely have competing offers. In our experience the best...
Hiring managers and recruiters are losing candidates— sometimes without a trace. This is popularly referred to as “ghosting”, but these are far from your friendly neighborhood kids in Halloween costumes. SHRM reports that in the hospitality industry ghosting rates are as high as 50%. However, it is also happening at the Executive level, causing embarrassing situations for hiring managers. This could be considered a precedent set by hiring managers over the past 5 years, when it became common for employers...
Employee development may not be the top priority for your company, especially in a tight labor market where hiring is more competitive than ever. However, investing in skills training and creating career paths could help you keep your most promising employees. Below are 3 ways employee development will help you keep your best people. Increase Job Satisfaction & Employee Retention The Bureau of Labor Statistics reports that over 3.5 million Americans quit their jobs every month. That’s about 2.3 % of the...
In a Candidate-Centered market it is more important than ever to be sure your interview process is above standard. Candidates expect a streamlined and organized interview experience. Below are 6 of our best tips for adjusting your interview process during a Candidate-Centered market. 1. Don’t Start Too Early It’s important not to start interviewing candidates until your management team is prepared. If your interviewers or decision makers have limited availability in the coming weeks, you should hold off on beginning the process....
According to the Bureau of Labor Statistics, there are a record 7.3 million open jobs in the United States. Open jobs in the United States have now surpassed the number of unemployed. According to a local search on Indeed.com (the #1 online job search engine), about 90% of open jobs within 25 miles of Wayne, PA fall under the mid-level category (a salary under 50k). Many of these postings remain unfilled for long periods of time. Mid-level workers are in high...
