Road to Recovery

The Bureau of Labor Statistics (BLS) indicated at the end of 2012 there were 3.6 million job openings monthly, up from 3.2 million in 2011. During the same period average monthly hires remained steady at 3.2 percent. Separations, mostly due to quits, increased by a lesser margin, averaging 4.0 per month in 2011 to 4.1 million in 2012, increasing slightly to 3.1 percent.  According to Kendra Hathaway at BLS, this information indicates a positive trend, except that hires are not growing at the same increase rate as job openings. As of June 2013 this increased to 3.9 million, hires are steady at 3.1%. There appears to be job available for those who want to make a change. Additionally, Gallup’s latest annual poll indicated less than half (47%) of employees are satisfied with their jobs. The staffing industry indicates nearly 8 out of 10 employees are open to making a job change. Be mindful because the hiring process is riddled with challenges. The feature article discusses that unique measures are required to attract candidates and beat out counteroffers. Employers continue to be disappointed by turn downs, which can be due to limited and restrictive compensation offers and limited relocation support. Candidates are more frequently presented with multiple job offers. In order to be a top employer, companies must be savvy with both existing employee development programs and with creating exciting offers and career paths for new hires.