Tag - Employee Retention

September 2018

How to Keep Recruiters from Taking Your Best People

The unemployment rate is at a multi-year low of 3.8%, with 7 million unfilled jobs in the United States. This creates an environment where top employees often receive multiple new job notices on a daily basis. In fact, certain companies in Silicon Valley are acquired just for their talent. Losing employees to your competition should be a real concern. Here are our recommendations for keeping your best employees under your roof. Benchmark your salaries It’s important to know the market salaries [...]

March 2018

A woman is being pulled in different directions by ropes to illustrate an increase in counteroffers in the current job market.

The Rise of the Counteroffer

A wise recruiter said it best when she said “the war for talent is over and talent won.” Finding and attracting top talent is harder than ever. The latest BLS numbers indicate that the unemployment rate is holding steady at 4.1% and projected to decline to 3.5% or lower by mid-year. With nearly 6 million open jobs in the U.S., it is clear that companies across many industries are experiencing growth and are in need of talent. Counteroffers are [...]

December 2017

Graphic illustrating technology in 1997 versus 2017

5 Areas where you should be Taking Advantage of Tech

We are living in a time that is characterized by almost daily advancements in technology, artificial intelligence, machine learning and data collection. In order for organizations to stay relevant and top of mind, it’s necessary to grow and adapt in this environment. According to Pew Research Center, 77% of Americans now own a smart phone, and they’re using it for everything from streaming media to banking. While, you may already recognize the need to engage your customer base in [...]

October 2017

Combating the Counteroffer

Combating the Counteroffer Your Candidate is Sure to Receive

Every organization hopes to hire the most skilled candidates with proven track records and excellent reputations. Given the 4.2% unemployment rate, you can bet that those candidates are probably not on job boards right now. You need to utilize some old school recruiting efforts to find them where they’re working and make them excited about a position with your company. That is just the beginning. Even after you’ve managed to engage that candidate, maneuvered through the interview process and [...]

Are you paying your people enough and is that the most important thing to them?

Are You Paying Your People Enough? (And is that really the most important thing to them?)

October has arrived and business owners and managers are already thinking about the looming dread that comes with regulating office Halloween costumes. HR departments are facing a different kind of horror when it comes to issues like salary increases and pay equity. The Bureau of Labor Statistics reported that the unemployment rate fell to a new post-crisis low of 4.2%. It is expected to reach 4.0% by early 2018, ahead of projections. In a tight labor market such as [...]

August 2017

Three Potential Business Pitfalls due to changing job market

Three Potential Business Pitfalls for Next Quarter

Elevated Quit Rate According to the latest release from The Bureau of Labor Statistics (BLS), 3.1 million people quit their jobs in June of 2017. In the staffing world and across other industries, a high quit rate is interpreted as sign of employee confidence in the job market. Employees will rarely voluntarily leave a position unless they are very confident in their ability to secure another job. Retention has been a major concern for employers, and a hot topic at [...]

Wage Increases are Essential in a Near Zero Unemployment Environment

Wage Increases are Essential in a Near Zero Unemployment Environment

Goldman Sachs economists underestimated just how low the unemployment rate would drop this year; so much so that they have actually adjusted their outlook for 2018 to 3.8% from the original 4.1% projection. Typically, wage increases occur when the job market is tight because employers have to pay more to attract and retain workers. Despite a current 4.3% unemployment rate, and a highly competitive job market, wages are rising barely faster than inflation. The most recent Bureau of Labor [...]

June 2017

Out of Office: Planning for Summer Vacations in the Workplace

Out of Office: Planning for Summer Vacations in the Workplace

Rarely is summer fever more prevalent in the U.S. than around the Fourth of July. In nearly every industry, employees are planning their summer getaways and family vacations. Even if a full blown summer vacation is not in the cards for everyone, most people will take a long weekend at least once throughout the summer, opting to take off on Friday, or extend their trip to include Monday. According to Statista, the July 4th weekend was the most popular [...]

Why you should hire overqualified candidates

Above and Beyond: 5 Reasons You Should Hire Overqualified Candidates

With the unemployment rate at 4.3% in May 2017, the current economic situation is forcing many employees to apply for positions that don’t match their skills and salary level. Yet employers in practically every industry are having difficulty finding candidates to fill open positions. The number of open jobs as reported by the Bureau of Labor and Statistics hit a record high of 6 million on the last business day of April. There is a general imbalance in candidate [...]

May 2017

Top Performers

How do You Keep Your Top Performers…and Attract More of Them?

In Part 1 of this 2 part blog, we talked about how to identify those key players on your team; the force multipliers that literally keep your business running, growing and innovating. You may have been surprised to learn that the top performers in your organization are up to 400% more productive than the average performers. With that kind of productivity on the line, keeping those top performers needs to be a top priority. A study by Future Workplace [...]