In April, the national unemployment rate dropped to 3.6%, the lowest it’s been in over a decade. That’s excellent news for the economy (and for people who need to support their families), but it also means that competition for talent has reached cutthroat intensity. That’s especially true in fields like healthcare and technology, where finding candidates with the right skills can be downright exhausting.
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Most people in the recruiting space agree that employment branding is as important to recruiters as product branding is to marketers. By taking the idea one step further and branding each job as you go to market, you'll see an impact in three powerful ways.
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Is your recruiting strategy delivering the results you want? Or are you juggling high turnover, disengaged employees and skyrocketing costs? The truth is that most companies face recruiting challenges to some degree, especially in today’s candidate-centric job climate. But sometimes the problem extends further than a tight job market and low unemployment rate. Here are five warning signs that it’s time to rethink your strategy.
Job-hopping is the new normal in today’s workplace, and it’s not limited to recent graduates. People of all ages are leaving their jobs for greener pastures more frequently than they used to. The median tenure for workers over the age of 55 is just 2.53 years, and our research shows that one in four workers will leave their jobs this year. We’ve got a retention problem that spans generations, and it’s costing companies billions of dollars every year.
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