Do You Need to Raise Your Wages?

Steve Boese had a great blog post recently titled “CHART OF THE DAY: Your semi-regular labor market update”. In it, Steve shares charts that show the unemployment rate dropping below 4% for the first time since 2000 and the average time to fill for positions continuing to trend upward.  It’s a great post, read it.  If you’re a business owner, HR pro, recruiter or anyone that remotely has a pulse on hiring, it gives credence to the pain you are probably already feeling. Where can we find good people to fill positions?  Heck, I had someone tell me the other

3 Things to Help Your Recruiting Efforts during a tough Labor Market

In our last post, we discussed strategies for retaining talent in a difficult labor market.  Hopefully, you’ve focused efforts there, but most likely, you also need to figure out the best ways to recruit talent. Here are some ideas for doing so: 1. Expose Yourself! Exposure is a key problem in attracting talent, especially for B2B companies.  Developing programs that expose people in the community to your company and jobs are important. We aren’t all Apple and Google. You can do this through partnership with schools in your area, marketing campaigns, involvement in community and charitable endeavors and by giving your

4 Ways to Increase Your Candidate Pool

My LinkedIn Daily Rundown feed started out today with “Jobs are cutting experience requirements….” Reporting that, “an extra 1 million jobs were opened up to candidates last year with “no experience necessary.’” There is a lot of buzz about the hot job market now with the unemployment rate at a pre-recession low. But what do you do to fill jobs in this economy? As the Daily Rundown suggests you can: Lower requirements.Whether it be experience, education or skill requirements, lowering them can increase candidate pools. I often find that job descriptions have qualifications in them that really aren’t “required” to be successful

4 Main Sources to Get Wage Data

I hope to see you at #SHRM19 next week!  If you are attending, stop by and see me at 10:45 am on Tuesday in Westgate Ballroom A for my session – “Do You Need to Raise Your Wages:  A Step-by-Step Guide for Evaluating Your Wage Practices”.   If you can’t make it, one of the most important steps in this process is to get good market data.  Where do you find this?  First: Contact your local Chamber of Commerce and/or Economic Development Entity and see if they do a local or regional wage survey that you can participate in and/or purchase.  Most communities do

3 Ways to Think about levels of Pay + A “Bonus”

As you can tell from our previous post on all the hiring incentives that are out there now, it is a job-seekers market.  A recent LinkedIn update titled “Power shifts in a tight job market” summarizes what employers are doing to lure people to their open positions:   Employers eager to fill positions are offering more to attract talent — and they aren’t just upping pay or showing more flexibility — they’re also training workers and taking more chances on people who don’t meet traditional qualifications. “No experience necessary” roles have spiked by two-thirds compared to 2019, and posts offering starting

Events and Webinars

UPCOMING WEBINARS AND EVENTS AAMA Workforce Executive Roundtable Date: January 12, 2022 Location: Birmingham, AL   Event Description: There are evident challenges in recruiting and retaining a strong workforce, especially in advanced manufacturing and the automotive industry. Why is this so and what can we do about it? In this seminar we will explore: Statewide and regional workforce and economic trends impacting the automotive industry Comparison of trends in the automotive industry to other industries and what we can learn from others What really is a “good” job today and tomorrow? What employees really want and how employers can meet

Why Counter Offers Upon Resignation Rarely Work

Your top employee or best manager just walked into your office holding that dreaded piece of paper. You know, the one with the words “thank you for this great opportunity, I respectfully resign my position” typed neatly on it.   As you read it, your mind starts brainstorming “what can I do to get them to stay?!” You can’t lose them, they’re the best of the best. You’ll never be able to find someone with their skill set and knowledge of the organization. You’ll spend months training their replacement just to get them up to speed. You’ve invested so much into