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The Fordyce Letter

Straight Talk for the Recruiting Profession


Articles tagged 'hiring'

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If ‘Time Kills Deals,’ Why Does It Take So Long to Hire?



fordyce-default

Time for action - freeTime always seems to get away from us in our personal lives.

Unfortunately, when that crosses over into our business lives, it can affect a company’s ability to land top sales talent.

Every salesperson has one simple phrase that has been imbedded in their psyche, usually as a result of sales leaders who were taught the same phrase when they started in sales: “Time kills deals.”

It makes perfect sense that the longer the sale is drawn out, the less chance it has to actually close. The issue with this concept is that the same sales leaders who drill that phrase into their salespeople’s minds rarely practice what they preach when it comes to adding sales talent to the team.

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, 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

Fed Reserve Says Shortage of Skilled Workers Is Putting Pressure On Wages



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Fed reserve district mapAcross the country, employers and the agencies that help them fill jobs are feeling increasing pressure to raise pay for workers with special skills.

In the last several weeks, hiring nationally has generally continued to be good and, for most jobs, wages have been flat, said the Federal Reserve today in its period report on business conditions. It’s so called Beige Book summarizes reports from business and employment contacts in the 12 Fed districts to provide a ground level view of conditions.

In various parts of the country, reports from staffing firms and direct employers indicate growing wage pressure for jobs as varied as IT professionals, healthcare workers, skilled trades and truck drivers.

“Significant wage pressures continued to be limited largely to workers with particular technical skills,” the Fed’s Beige Book noted, with nearly ever Fed district reported a shortage of skilled workers.

Industry News

December Sees 252k New Jobs, Capping Strongest Job Growth In Years



Econ indices Dec 2014

Temp workers Dec 2014Capping the end of the strongest 12 months of job growth since well before the recession, employers added 252,000 jobs in December as the unemployment rate fell to 5.6%, its lowest level since June 2008.

Economists had expected a strong year end jobs report from the Labor Department, but were predicting growth closer to about 240,000 jobs and only slight change in November’s 5.8% unemployment rate.

“The economy has some momentum,” Robert Shapiro, chairman of Sonecon, an economic consultancy, told The New York Times before this morning’s report was released. “I think it’s kind of hit a stride with respect to job creation.”

Besides the strong December numbers, the Bureau of Labor Statistics, which compiles the data, adjusted up its previous counts for November and October, adding 50,000 more jobs than initially reported.

Industry News

More Employers to Add Temp, Perm In Year Ahead



CareerBuilder 2015 Job Forecast

CareerBuilder 2015 Job Forecast tempThe pace of hiring will quicken in 2015, as more employers plan to add staff — permanent and temp — than at any time since the start of the recession.

Surveys by a trio of organizations found employers generally optimistic about growth in the year ahead, with more of them than at any time in the past seven years planning to add workers.

Released just this morning, CareerBuilder’s annual job survey found 36% of employers expect to add permanent, full time staff this year. That’s a 50% increase over what employers said at the beginning of 2014.

Even more employers — 46% versus 42% last year — say they’ll bring on more temporary and contract workers in the year ahead; 56% plan to transition some temporary or contract workers into full-time, permanent roles.

Uncategorized

Big Seasonal Hiring, Growing Headcount Will Make Recruiting Tougher Yet



Hiring plan chart 2014

Hiring plan chart 2014In what could be the strongest finish since before the recession, an increasing number of employers say they intend to hire full-time permanent workers this quarter.

CareerBuilder’s quarterly survey of employers found 29 percent of them expect to add permanent headcount before the end of 2014, an increase of four percentage points over those saying that last year.

While hiring expectations don’t necessarily translate into action, so far this year more employers have ended up hiring more than what they told CareerBuilder they planned.

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Temp Hiring Helps U.S. Add 248K New Jobs In September



Temp workers Sept 2014

Temp agencies continue to play a key role in creating new jobs, contributing 19,400 to September’s surprisingly strong 248,000.

This morning’s jobs report from the Bureau of Labor Statistics showed hiring was strong across a number of sectors in September, which helped push down the unemployment rate to a six-year-low of 5.9%.  The report also adjusted upward the Bureau’s counts of hiring in August and July, increasing both by a combined 69,000 jobs. August’s initial anemic 142,000 estimate, which surprised analysts and prompted worrying about a hiring pause, was upped to 180,000.

Uncategorized

ADP Says 213,000 New Private Sector Jobs In September



ADP employment for Sept. 2014

ADP employment for Sept. 2014

With the announcement this morning that September’s private company payrolls grew by 213,000, economists are optimistic it foreshadows an even more robust government report due Friday.

HR services and payroll processor ADP and its partner Moody’s Analytics, said 213,000 new jobs were created in the private sector last month, up from August’s revised 202,000 estimate, and just above economists’ predictions of about 209,000.

“All the leading indicators for the job market look good,” said Mark Zandi, Moody’s chief economist. He predicts the Labor Department will report 220,000 total new jobs were created last month, an estimate shared by economists polled by MarketWatch, and not much higher than the Bloomberg estimate of 215,000.

Industry News

Temp, Healthcare, Construction: Bright Spots In Disappointing August Jobs Report



Econ indicators Aug 2014 v2

Econ indicators Aug 2014 v2Only a handful of industry sectors lead by temp, healthcare and construction added jobs in August, the weakest month this year for U.S. jobs growth.

In what can only be described as a disappointing report, the Labor Department this morning said the economy created a mere 142,000 jobs in August, a number far off the 220,000 to 230,000 economists forecast. Unemployment inched down to 6.1% from 6.2%.

It was the smallest increase yet this year, and follows six months of gains over 200,000 jobs each. Going into August, the monthly average gain in new jobs was 230,000.

Temp grew by 13,000 jobs, bringing the year’s total to 124,500 new temp jobs. On average, staffing firms are adding 15,600 new jobs a month this year. That puts the industry ahead of where it was last year at this point, when the average monthly increase was 14,000 jobs.