Here it Comes!
There is more talk at this year’s SHRM Annual Conference about recruiting difficulties than there has been during my previous visits to this conference.
We 1st heard about this from the perspective of Mike Rowe. He pointed out that we have 2.8 million unfilled jobs yet have record amounts of student debt piling up. Was his conclusion that we are training people for jobs that they don’t want or don’t exist anymore correct?
Most observers agree that job seekers from the Class of 2016 are facing better conditions than their peers from the past few years. Sustained labor market growth and a steadily expanding economy are chief among the reasons for this optimism, but the good news nonetheless comes with caveats, as detailed in a number of recent reports.
It’s that time of year. The Class of 2016 has arrived on the job-search scene and with them come radically different beliefs and opinions about hiring, employment and the workplace. Today’s graduates will not tolerate organizational bureaucracy and inefficiency. They’re impatient and often demanding—and with hiring on the rise, the ball is in their court.
Job growth has been steady for quite some time in the Denver region, where the health care and aerospace industries have sizable presences. And even with recent declines in oil prices, the area’s energy sector still generates significant economic activity.
Q: I’m so excited. I just got a job offer and in addition to the agreed upon salary they’re also offering me $3,000 for moving expenses. But there is a catch. They’re referring to this as a no-interest “forgivable loan”, a third of which would be forgiven for each year worked. So, as long as I stay with the company for three years, I don’t owe them anything. I’ve never heard of this. Is it legit?
In May, Hiring Activity Will Take a Step Back Compared with a Year Ago
In May, fewer employers will add jobs in manufacturing and services compared with the previous year, according to the Society for Human Resource Management’s (SHRM®) Leading Indicators of National Employment (LINE®) survey for May 2016.
Just this week I heard of companies with 80%, 65%, and 45% turnover. There are some industries that in order to be competitive as a business, the employer has to pay low wages and the nature of the work is not exactly appealing. Turnover will be high in those industries, but not THAT HIGH!
Why is turnover so high? Employees are resigning AND being terminated.
In February, the hiring rate will fall slightly in manufacturing and will remain nearly unchanged in services compared with the previous year, according to the Society for Human Resource Management’s (SHRM) Leading Indicators of National Employment (LINE) survey for February 2016.
New projections from the U.S. Bureau of Labor Statistics (BLS) show that the labor force is getting older and that job creation will slow in the near future. The demographic shift will result in a lower rate of participation in the labor force overall and, in turn, fewer employment opportunities will mean increased competition among those already struggling to find new jobs.
We have seen the “power” of video increase over the last few years. YouTube has over a billion viewers and YouTube on mobile alone reaches more 18-49 year olds than any cable network. Additionally, 80% of YouTube viewers are outside the US. Given those numbers will video technology become a powerful tool for HR?
The U.S. labor market has continued to add jobs this year, and in recent months the unemployment rate has fallen to levels not seen since 2008. And yet, there is plenty of evidence that hiring could be even stronger: Job openings in our country’s labor force remain at near-record levels, and many HR professionals have cited challenges with finding qualified applicants for their vacancies.
Mixed Hiring Results Expected in November Compared With a Year Ago
In November, a net of roughly two-fifths of manufacturers and service-sector companies will add jobs during the month, according to the Society for Human Resource Management’s (SHRM) Leading Indicators of National Employment (LINE) survey for November 2015.
How Technology & a Reimagined Recruiting Process Can Make it a Reality