Candidate experience can make or break your brand, especially in the day and age of social media. A company's hiring process needs to be respectful if they would like to maintain a good reputation. As we all know (unfortunately!), bad news travels fast!
Acccording to the Bureau of Labor Statistics, employee quits climbed in August while hiring and new job requisitions remained elevated. This is the second highest number of quits since the recession. There were 2.98 million workers who voluntarily left their job in August, which is believed to be due to employee confidence. Economists also believe this is a sign of optimism mixed with growth in consumer spending. Employees feel like they have plenty of job options now that companies are in a hiring frenzy.
It is extremely difficult to hire employees in today's job market. The job market has continued to tighten, the skills gap is widening, and holding on to your top employees is of utmost importance. Companies in the Greater Philadelphia Area are facing high competition, as their employees are being solicited for new positions via social platforms at an alarming rate. With that being said, it is more crucial than ever to hold on to your biggest assets - your employees! Reduce any temptation for your employees to look elsewhere for employment by creating and providing the best work experience imaginable.
According to the Wall Street Journal, the holiday season has become incredibly competitive for temporary workers. Retailers, logistics firms and package delivery service companies realize that they are competing for the same temporary workers (with hard and soft skills!), and will have to entice job seekers with higher wages. Some experts predict e-commerce sales to increase as much as 20-30% this holiday season. Therefore, companies are looking to increase employment and holiday hiring as soon as possible in preparation.
According to Reuters, position openings surged in July to a record high, but there was a lack in hiring. This seems to be due to employers struggling to find qualified workers to fill open positions. There were also tightening conditions in the labor market, which could help boost a faster wage growth. The skills gap continues to play a large role in the struggle to find qualified employees. In fact, it has been noted that the current skills gap is the worst in the nation's history.
As the economy improves, businesses struggle to find qualified workers who have the hard and soft skills to get the job done. The non-violent ex-offender population is in the upwards of tens of thousands of willing workers. According to the Bureau of National Affairs (BNA), PA has roughly 281,400 people who are either on Probation or Parole. The Obama administration has created a plan to help people who have been incarcerated, with an ever-growing number of employers pledging to hire applicants who have criminal backgrounds. This will help reduce some of the many barriers, such as finding housing and employment, returning citizens face when they are released back into society.
Soft skills, such as good communication, ambitiousness, amicability. and problem-solving are more important than ever. Employers have reported that soft skills are now considered to be equally, if not more, important than technical skills. However, many employers have stated how difficult it is to find candidates with the soft skill set that is needed for their organization. This is coming at a time when automation and technology have taken over jobs that did not necessarily require a strict set of soft skills and manners. Jobs that cannot be automated require employees to be friendly, empathetic, think on their feet, solve problems and so forth. There has been a steady increase in screening methods, pre-hire personality assessments, and training programs in order to combat this growing concern. Many Montgomery County employers have disclosed that soft skills are extremely desirable in every level (including entry) of the organization and are not limited to managerial or executive level positions.
We all know how important networking, resume writing and interview preparation is, but there is one criterion typically over-looked. How do you act once you start a new job?
Receiving a permanent offer for employment weighs heavily on many temporary employee's minds. While the decision is largely influenced as to whether the company has money in the budget and a long-term need for another permanent employee, there are several things you can do to help increase your chances of becoming a permanent employee while on a temporary assignment.
Curious about the expenses involved when hiring a permanent, full-time employee? Check out these interesting statistics from the Society of Human Resource Management to gain a better understanding about what goes into hiring employees in Bucks County, PA.