I know we’ve all heard how bad the economy is and that the unemployment rate is high. We go month to month watching the Bureau of Labor Statistics ebb and flow. What most people don’t hear or understand is that unemployment in most parts of the country for those 25 years and older with four (4) or more years of college is at or slightly under four percent (4%) today. That number is considered to be FULL EMPLOYMENT in any economy. That means that most US employers; at least those who are filling new openings; who are replacing positions because of attrition; are screaming for talent and clawing to keep the good talent that they have. An engaged; committed and highly valued work force is going to be the secret of companies who thrive in this time.
We should see a significant shift in how employers approach retention in the future – at least those companies who want to survive the economic winter we seem to be having. Management development; leadership training, careful new hire on-boarding and internally helping A and B players manage their careers so they are engaged, feel refreshed by their work and valued in their contribution is key. So, think about what you are focusing on next time you hear the numbers.
Happy and healthy hiring. One great client and one great candidate at a time.
Lynden
Filed under: changing jobs, effective hiring, fear of losing jobs, hiring, job search, job searching, Recruiting | Tagged: bureau of labor statistics, economy, full employment, retention, unemployment, voodo | Leave a Comment »












