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The Fordyce Letter

Straight Talk for the Recruiting Profession


Industry News

Industry News, Marketing

How Did Mobilegeddon Treat You Today?



Screen Shot Google mobile friendly search

Did you notice any change in visitor traffic to your website today?

An untold number of sites have, the result of Google changing how it ranks search results for users on a mobile device.

Today Google unleashed its newest search ranking update, giving priority to mobile friendly sites and demoting those that aren’t. We first told you about this coming change last week. The change only affects the results presented to users when searching on a smartphone or other portable, but not tablets or desktops. That’s enough of a change to be noticeable, since 50% of searches now come from mobile devices.

Industry News

Time to Fill Average Is Highest in 15 Years



Dice time to fill 2.2015

Dice time to fill 2.2015The national time to fill average rose in February to the highest level in 15 years.

Sponsored by the career sites publisher Dice Holdings, the Dice-DFH Vacancy Duration Measure says it took an average of 26.8 working days to fill jobs in February. In January, according to the report, the average (as revised) was 25.7 working days.

“We are continuing to see signs of a tightening labor market,” said Michael Durney, president and CEO of Dice Holdings. “Unemployment rates are declining across several core industries, such as tech and healthcare, and the time-to-fill-open positions has hit an all-time high in the fifteen years the data has been tracked.”

Jobs in the financial services sector took the longest to fill, averaging 43.1 days. Healthcare jobs averaged 42.6 days to fill. Both are historic highs for their respective industry sectors.

 

Industry News

Temp Gains Jobs As Nation Posts Smallest Overall Increase In 15 Months



Econ data March 2015

Temp workers March 2015While the nation’s employers slowed hiring to the lowest point in more than a year, temp employment turned positive in March, adding 11,400 new jobs after two months of job cuts.

The government said employers added 126,000 new workers to payrolls in March, far below the 245,000-250,000 predicted by labor economists. The unemployment rate was unchanged at 5.5 percent.

The report this morning from the U.S. Bureau of Labor Statistics also revised down the counts for February and January, shaving 69,000 jobs from the numbers initially reported. The average monthly jobs gain for the first quarter is now 197,000; for the same period last year, the average monthly gain was 220,000.

Industry News

Is Job Growth Slowing?



ADP March 2015

ADP March 2015Is job growth slowing? Economists are asking that question after ADP’s monthly National Employment Report this morning said 189,000 private sector jobs were created in March, the smallest increase since January 2014.

“There are some good reasons to think that the job growth has slowed, that we’re not going to see monthly job gains of 300,000 for a while,” Mark Zandi, chief economist of Moody’s Analytics, said after the report was released. Moody’s prepares the report in partnership with ADP.

Industry News

BountyJobs’ Agency Upgrade Gives Niche Firms New Tools



Bounty Jobs refresh

Bounty Jobs refreshAlmost a decade after its launch, BountyJobs has became a leading broker of executive search job orders, handling nearly $60 million worth of fees last year and earning recruiters an average of $22,113 for every placement.

Yet, even after signing up some 50,000 recruiters, BountyJobs still evokes strong feelings within the industry. The biggest objections today are pretty much the same as they were back in 2006: the BountyJobs marketplace turns job searches into a commodity business cheapening fees and minimizing the importance of the agency-client relationship.

However, fee percentages haven’t been much affected, hovering just above 20%, according to BountyJobs data. And the requirement that agencies work only within the marketplace with client developed there hasn’t been much of a deterrent. In fact, so popular has the site become with agencies that BountyJobs is limiting the number and niche of newcomers.

Industry News

Recruiting APAC Workers Expected to be Harder This Year



Recruitment activity level MRIC 2015 report

Recruitment activity level MRIC 2015 reportProfessionals in greater China and Singapore are being aggressively recruited, but fewer are willing to make a change as optimism about the economic and financial outlook wanes.

The 2015 edition of MRIC’s Talent Report: Greater China & Singapore  says there’s a regional trend toward more stability in the labor market as mid- and senior-level managers and professionals turn more cautious about changing jobs or relocating. (The MRIC report, in partnership with market research firm Ipsos, is based on more than 4,500 surveys.)

Industry News

Time to Fill Now Up to 26 Days and Rising



Dice vacancy chart 2011-3.2015

With the economy adding jobs at the fastest clip since the depression began eight years, it’s taking longer and longer to fill vacancies. In January, the national average was almost 26 working days, an increase of 3.5 days in the 12 months from the previous January.

The Dice-DFH Mean Vacancy Duration Measure, a sophisticated measure of how long it’s taking employers to fill jobs, came in at 25.7 working days. That’s just off from the 15 year high of 26.5 days recorded for last August.

“U.S. labor markets continue to tighten, albeit at a modest pace,” said Dr. Steven Davis, William H. Abbott Professor of International Business and Economics at the University of Chicago Booth School of Business, and co-creator of the vacancy measure. “Evidence of labor market tightening is seen in rising vacancy durations and declining unemployment rates.”

Industry News

Economy Up 295K Jobs, But Temp Loses For 2nd Month



Temp workers 2005-feb. 2015

Employers ignored the weather in February and defied predictions of slow hiring, instead adding 295,000 new workers to their payrolls while  bringing down the unemployment rate to 5.5%.

Temp employment, however, was just the opposite.

Numbers this morning from the Bureau of Labor Statistics showed temp hiring declined by 7,800 jobs in February, while nearly all other sectors added jobs.

In addition, BLS revisions to the initial reports for January and December showed 4,000 fewer jobs were added in December than the 25,000 first reported. And for January, the BLS revised the initial loss of 4,100 jobs upwards to now say temp agencies cut 13,800 jobs.

Industry News, Staffing

Revised Temp Hiring Forecast At 8.6%



Palmer forecast Q1 2015 revised

Palmer forecast Q1 2015 revisedStaffing industry consultant G.Palmer & Associates has scaled back its growth forecast for temp employment. From an initial 10.5% growth for the first quarter of the year, the firm now predicts temp employment will increase by a still ambitious 8.6%.

The firm said the revision reflects recomputed numbers by the Bureau of Labor Statistics, which resulted in a lowering of the previously reported temp job counts.

Industry News

Private Employers Add Fewest Workers In 9 Months



ADP Feb 2015

ADP Feb 2015Whether it was the brutal weather, fewer work days or other causes, private employers added the fewest new jobs in February since last May. ADP’s National Employment report said private employer payrolls grew by 212,000 last month, a decrease of 38,000 from January’s revised numbers.

The count was smaller than economists were expecting. A Reuters survey put their average forecast at 220,000 jobs. The Wall Street Journal‘s survey put the forecast at 215,000.

“While February’s job gains came in slightly lower than recent months, the trend of solid growth above 200,000 jobs per month continued,” said Carlos Rodriguez, president and chief executive officer of ADP.