Job Growth Much Lower Than Expected: The 4 Real Reasons Behind The US Economic Slowdown
Economists predicted that the US economy would add approximately 750,000 jobs in August. The actual number, 235,000, was 69% lower than projections, according to Forbes reports. Numbers indicate an economic slowdown, and inflation hawks are pointing at higher wages, and resulting higher prices, coming soon to a marketplace near you. Despite paycheck increases, the number of jobs available in the US has never been higher in this century. The Bureau of Labor [...]
4 Things Top Talent Looks For In A Company When Interviewing
There’s more to a job than the responsibilities, working hours, and compensation. In today’s millennial-led workplace, job seekers want to work for a company in which their values are aligned. While salary is indeed important in order to make a living, many job seekers would take a pay cut if the company meets other important criteria and provides them opportunities to grow. As such, job seekers are diligent in researching [...]
The Top Trend’s In America’s Job Market
The U.S. labor market is going through extraordinary times: historically fast job growth, severe labor shortages despite a still-high unemployment rate, and the epic shift to remote work. As the fallout from Covid-19 continues, here are the most important U.S. job market trends. The shift to remote work 1. Remote work is here to stay. Seventeen months after the beginning of the pandemic, most employers believe that remote work does not negatively affect [...]
Four Ways To Attract And Retain Talent Today
Trends are cyclical. “The Great Resignation” can easily create panic for some employers but should ultimately be viewed more as an opportunity. The market is telling us something beyond the typical war for talent and forcing every industry to understand what people value and what will make them put on some dress slacks, and make that commute into the office. As summer vacations wind down and employers brace for “The [...]
How To Use Business Storytelling To Attract And Retain Talent
Rebecca is the HR Director for a uniforms wholesaler, and she has a frustrating problem. Employee turnover has been steadily increasing, and the resounding feedback from these exiting employees is they feel invisible and inconsequential at the company. Their work feels mundane and meaningless, and they don’t feel like their efforts are recognized. As she recruits new employees, Rebecca finds that the best candidates (among few) seem uninterested and don’t [...]
Study Shows Supervisors Say Remote Workers Are “More Easily Replaceable” And They “Sometimes Forget” About Them
A new study shows that supervisors do not hold remote workers in high regard. The Society for Human Resource Management (SHRM) found that supervisors are not happy with remote work. They reported “negative perceptions” of the work-from-home trend. Managers said they’d prefer their staff to operate from an office setting. The managers who responded to the survey were brutally blunt. Nearly 70% replied that remote workers are “more easily replaceable than onsite [...]
Why Some People Should Stop Working Remotely And Return To The Office
For some workers, it makes sense to go back to the office. It seems that a majority of people want to remain working remotely. If that works best for them, that’s great—and they should continue to do it. Returning to a headquarters is not for everyone, but there are solid career-enhancing reasons to go back to an office setting. Starting Out Your Career Starting a new job is stressful. It's [...]
Why Wage Increases And Sign-On Bonuses Aren’t Enticing Workers To Search For New Jobs
Business owners, economists and the media are racking their brains trying to figure out why there is a lack of workers for all of the jobs that are open. Restaurants, retail stores and shops complain that they can’t keep up with demand without the help. A new 5,000-person survey from Indeed, the large job aggregation site, offers some insights to this conundrum. The study shows that “many job seekers say they [...]
Recruiting Is Top HR Concern In 2021
Recruiting and hiring while the nation struggles to recover from the coronavirus pandemic is HR professionals' top concern going into 2021, according to new research. Talent acquisition professionals will have their hands full, as unemployment is expected to remain high and a majority of people in the labor force expect to look for a new job despite, or possibly due to, the economic uncertainty caused by COVID-19. Online HR resource [...]
You Need A Skills-Based Approach To Hiring And Developing Talent
With the global economy experiencing massive change, upskilling and reskilling have taken on a renewed sense of urgency. Success through these transitions requires major shifts in thinking about how hiring and employee development are done. The economic toll of the Covid-19 pandemic is expected to leave more than 140 million people out of work and another 1.6 billion at risk of income loss. Unfortunately, many of the jobs lost simply [...]