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
I will never forget reading Arianna Huffington’s account of her personal experience that forced her to focus on wellness and wellbeing, namely sleep. In one of her books, Arianna talks about how she woke up on the floor after hitting her head on the way down. She had collapsed due to utter exhaustion. Arianna went on to found Thrive Global and wrote another book, The Sleep Revolution. The mission at Thrive Global is to “end the burnout epidemic with sustainable, science-based solutions that unlock employee performance and enhance well-being.” They are tackling wellbeing through employers, helping us see that these
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
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
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