As the years have progressed, we at the Life Sciences Division at TRG have noticed that more often than not, clients have become much stricter in the requirements that they require from a candidate in order to advance someone through their respective hiring processes. Moreover, candidates have been subjected to ever lengthening processes with multiple hiring authorities and clients have shown a willingness to screen someone out rather than screen someone in. As this article states, in the current war for talent, these tendencies may allow top talent to slip through your fingers. Let us help you make your process more efficient so that you can attract those impact players in the life sciences without sacrificing thoroughness.
Manufacturing Providing Positive Economic Impact
While the Government Shutdown may have had a mild impact on consumer confidence, U.S. factories are still a source of strength for the economy. It’s been reported that Manufacturing in the US grew at a faster pace than expected in October. The Institute for Supply Management’s October manufacturing index rose to 56.4, which is the highest it’s been since April 2011. Many Economists are expecting the year to end on a positive note. The number of Americans filing for unemployment benefits also fell for the third straight week. All of this is good news.
US manufacturers are still finding it hard to land the professional and managerial talent they need to reach their corporate objectives. Stability is no longer the primary motivator for people to change jobs, but as more companies continue to experience more consistent sales growth, stability with their current companies has turned into one of the biggest factors preventing people from considering a career change.
Southeast sees 350 new healthcare jobs created
Healthcare employment recently saw a boost in the Southeast of the United States, as new expansions from device manufacturers and biotechnology companies will see around 350 jobs added to Charlotte, North Carolina and Gainesville, Florida.
Charlotte will see its growth coming from an expansion by Rotech Healthcare Inc., which is bringing 200 jobs to the region, according to Area Development Online. Rotech creates a variety of medical devices, including respiratory products, medications, home medical equipment and accessories, and sleep disorder treatments, according to the news source.
Rotech has already began its hiring efforts, adding customer support managers, supervisors and specialists to their staff as well as patient account specialists.
Meanwhile, Nanotheraputics, a company responsible for providing resources and services needed for the Department of Defense’s Medical Countermeasures Advanced Development and Manufacturing capabilities, will see 150 new jobs brought to Alachua in the next few years, according to PBS WUFT. The company is aiming for operations to begin operations by March 2015. It will begin developing medical countermeasures to protect against chemical, biomedical and other forms of chemical attack, as well as infectious diseases.
Thanks to the resources already established around Alachua like the University of Florida, the company’s CEO said it can hire very experienced workers for manufacturing jobs.
Tech sector sees job growth via 3D printing
The new technology of 3D printing hasn’t just revolutionized much of the tech field, it has added plenty of jobs in the process in the Southeast, according to two new reports of job expansions.
In Rock Hill, North Carolina, the 3D printer company 3D Systems announced an expansion of $10 million that will create as many as 145 jobs through 2018, according to the Charlotte Observer. 3D Systems creates computer-controlled 3D printers which work to create products through the addition of soft or hard plastics. The company has also offered content-to-print solutions that have helped many industries from aerospace to transportation, according to the news source.
In Florida, too, 3D printing is adding new jobs to the industry. According to Around Osceola, the 3D printing company Photon-X plans to bring 110 new jobs to Osceola County in the next two years as they move their company headquarters from Alabama to the region. They plan to partner with both the tourism and medical research fields that flourish in the nearby areas, promoting further expansion of their services.
BLS Employment Situation Report: September 2013
After a two-week delay due to the government shutdown, the September 2013 labor report from the Bureau of Labor Statistics was deemed disappointing by economists. While surveys from Bloomberg News before the release predicted 180,000 new positions being added to the United States labor force, only 148,000 non-farm positions were added.
“The employment report released this morning showed that the economic recovery continued its moderate pace during September,” Boston College associate economics professor Robert Murphy told ABC News. “Of course, the latest report is based on data from before the government shutdown and debt-crisis brinkmanship, and so to gauge any possible fallout from those events we must await the October numbers.”
In somewhat brighter news, the unemployment rate for the country was expected to be unchanged during the month at 7.3 percent, but September???s numbers saw the month???s rate be pushed down decline by .1 percent for a new total of 7.2 percent.
While the unemployment rate has declined by nearly half a point since June, the number of unemployed persons remains at 11.3 million nationwide. According to the Wall Street Journal, however, this drop in the unemployment rate is not due to a decline in the labor force participation rate. The unemployment rate dipped because the number of people employed jumped by 133,000, while the number of people who said they were unemployed fell by 61,000. In addition, the U-6 section of the report, which includes marginally attached workers – the underemployed and those looking for jobs – also saw a drop, though it has grown by 300,000 since July.
Bright spots for the report were found in construction, wholesale trade, transportation and warehousing, all of which added jobs. Employment in construction saw growth of 20,000 jobs, while wholesale trade rose by 16,000 in the month-long period. Transportation and warehousing saw growth of another 23,000 jobs with 18,000 of those positions being found in transit and ground passenger transportation.
Professional and business services also experienced growth during the month-long period, trending up by 32,000 – and that???s less than the monthly average in the past year, which rose as high as 52,000. Temporary help services also saw the addition of 20,000 jobs last month.
Retail trade also experienced growth in its labor force, with the building material/garden supply stores and automobile dealer subsectors in particular experiencing growth of 5,000 and 4,000 jobs, respectively. Healthcare saw another 7,000 positions added.
Industries experiencing declines included financial activities, which fell by 8,000 positions, while food services lost 7,000 positions in that same time. Major sectors that experienced next to no change included mining and logging, manufacturing, information and government.
Average workweeks for all employees in the country remained constant at 34.5 hours, while average hourly earnings for all employees on nonfarm payrolls rose by 3 cents during the month, contributing further to the year???s increase of 2.1 percent.
In addition, reports from previous months were changed to the tune of 9,000 more jobs than initially estimated. While employment in July was marked down from 104,000 to 89,000 positions, August saw its numbers increased by 24,000, reaching a new figure of 193,000 for the month.
Because of the government shutdown, the jobs report for October will be watched intensely when it???s released on November 8. Analysts will want to see if the two-week period had a significant effect on overall employment levels.
The New York Times reports that the weaker aspects of the report will likely push back the date when the federal government begins to scale back its major asset purchases because of the uncertain economy. Initially estimated to begin in September, new predictions have moved beyond the target date of December 2013 and now sit in the period of March 2014, according to Barclays economists.
Healthcare to create 80 new jobs in Iowa, potential for 30,000 more in Alabama
Though the oncoming effects of the Affordable Care Act have put some hiring in question throughout the health care industry, the market stands to improve hiring figures in multiple states. Not only will a healthcare expansion add 80 jobs to an Iowa town, but Medicaid expansions in Alabama could promote the creation of up to 30,000 positions throughout the state.
In Coralville, Iowa, healthcare organization firm MediRevv will soon add a new building to its ownings, according to the Waterloo-Cedar Falls Courier. Already employing 150 people, the company plans to add 80 more positions over the next two years. MediRevv specializes in revenue cycle management, helping to ensure healthcare organizations manage insurance claims and billing to keep revenue flowing in.
Those additions are nothing compared to the potential growth in Alabama, according to the Selma Times Journal. Through 2020, estimates from a University of Alabama report indicate more than 30,000 new jobs could be created by increasing the number of those eligible for Medicaid. More than 10,000 jobs in healthcare and social assistance, 6,000 jobs in retail trade and 5,000 in professional and technical services would be formed by the $2.1 billion added to the state’s GDP annually.