How to Avoid Making Costly Hiring Mistakes

In today’s highly competitive job market, businesses can’t afford to take a lackluster approach to recruitment and hiring. Not only can a bad hire lead to costly turnover, but it can also negatively impact the organizational performance of a business and, therefore, its bottom line. According to the Society for Human Resources Management, the cost[…]

Employment Summary for March 2017

Figures released today by the Bureau of Labor Statistics showed that the U.S. added 98,000 nonfarm payroll positions in March. Economists had forecast that 180,000 jobs would be added during the month, according to The New York Times. The BLS also revised the total number of jobs added in February from 235,000 to 219,000. The[…]

Revamp Your Playbook to Attract Top Talent in a Tight Candidate Market

Late 2015 was the most difficult hiring period in four years, according to the Society for Human Resource Management (SHRM), and things have only become harder for businesses both large and small, especially in the realm of professional and managerial positions. With the BLS reporting an unemployment rate down to 2.1 percent for this segment[…]

Employment Summary for February 2017

Just two months into 2017, employment data is ushering in business confidence and surpassing expectations for steady job growth. In February, employment in nonfarm payroll grew by 235,000 – with the largest increases seen in construction, private educational services, mining, healthcare and manufacturing, according to the Employment Situation Summary released by the Bureau of Labor[…]

Employment Summary for January 2017

Starting the first month of the year off strong and marking the last set of employment data representing the previous administration, the U.S. labor market added 70,000 more jobs in January than in December 2016, according to the Employment Situation Summary released by the Bureau of Labor Statistics. Job growth surpasses expectations Though a steady[…]

Aligning Performance Management with Career Pathing

Often employees leave their jobs because there is no clear path for them to advance, or they are not sure how to rise to the position they desire. Career pathing is a great way to increase employee retention and grow talent organically, because it provides both employees and employers with a clear roadmap, outlining what[…]

Employment Summary for December 2016

The U.S. closed out 2016 with a solid jobs report that included record-high wage growth. The country added 156,000 jobs in December, down from 204,000 in November, according to data released today by the U.S. Bureau of Labor Statistics. The BLS revised the November gains from the previously reported figure of 178,000. Bloomberg economists had[…]

Millennial Insights for the 2020 Labor Market

As we move towards the 2020 workforce, companies face an interesting demographic dynamic in terms of talent acquisition – a workforce comprised of Millennials, Gen Xers, Baby Boomers and Traditionalists. While each of these groups has their own generational differences, the most notable are the expectations and approaches to work from Millennials, who are projected[…]

Employment Summary for November 2016

Data from the Bureau of Labor Statistics showed that U.S. unemployment reached a record-breaking low in November 2016, with professional and business services leading the job gains. The positive report makes it likely that the Federal Reserve will raise interest rates at its December meeting. Unemployment reaches new low The unemployment rate in the U.S.[…]

Six Top Workforce Trends for 2017

Successful businesses adapt to new market demands, the changing workforce and ever-evolving technology. They have to – companies that don’t adapt fail. Understanding the trends that are driving change, creating talent challenges, and offering potential solutions can help pave the way to adaptability and success. Many of the workplace trends prevalent in 2016, such as[…]