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new job

Is 2019 the Year You Find a New Job?

new job

Is finding a new job one of your New Year’s Resolutions? I’m sure if you’re reading this article, it might just be. Now that we’re a couple weeks into the year, are you feeling a little overwhelmed by the undertaking? Are you feeling anxious because you don’t even know where to start? Don’t worry, here are a handful of very small bite-sized pieces you can attack that will help get you started.

Do your due diligence

What do you want? Be clear about what you want and compile a list of 5-10 companies that fit the bill. If you’re going to invest time in the process, be specific about what companies you want to work for and don’t short change your happiness.

Be ready. It’s not uncommon for companies to immediately reach out once they receive your resume. The more you know about the company, the better that first call will go. Remember, you only get one chance to make a first impression. And don’t neglect to do your research on the community if you are planning to relocate.

Update your resume

Create a dynamic cover letter: If you’ve done your due diligence, you can create a very strong cover letter that specifically targets the job you want.

Add skills and promotions. If it’s been a while since you’ve last updated your resume, you’ve probably developed some skills along the way that need to be added. Make sure to also add any promotions you may have earned

Make sure your contact info is up to date: As a recruiter, it’s extremely frustrating to find a resume that checks every box my client is looking for only to find a phone number disconnected and rejected email.

Strengthen Your Online Profile

It’s more common than not for companies to “cyber-stalk” job applicants. With so many social media apps out there, take an afternoon and audit your online presence. Make sure your LinkedIn profile is up to date with your work history and consistent with your resume, and clean up any potential embarrassing content.

Your online presence, most of the time, is your true first impression and this could potentially be a deal breaker right out of the gate when searching for a new job.

job market

2019 Job Market Outlook with SVP Perry Paden

job market

Job growth in 2018 ended on a high note with U.S. employers adding a whopping 312,000 jobs in the month of December. Over the last three months (after adjustments), employers have generated an average of 254,000 jobs per month. The 4th Quarter of 2018 ended strongly, and all indications look like 2019 is poised for another big year of job growth.

We sat down with Perry Paden, Senior Vice President of Johnson Search Group, and discussed how the job market is looking in 2019.

2019 Job Market Outlook with Perry Paden

The jobs report for December 2018 just released showing signs of strong growth for the job market. Do you think the job market will continue to strengthen in 2019?

2018 was a fantastic year for job growth and economists expect the labor market’s historically tight trend to continue throughout 2019. In fact, economists project the job market to reach highs not seen since before the Great Recession.

If we maintain 2 to 3 percent of growth throughout 2019, the U.S. has the opportunity to have an even stronger year in 2019. Moreover, the unemployment rate remained steady in 2018 and economists are predicting that the unemployment rate will decline below 3.5 percent. As a result, employers will continue to face hardships when it comes to attracting (and retaining) top talent.

The Healthcare, Mining, and Banking industries experienced tremendous growth throughout 2018. Will we see this growth continue in 2019?

The three industries Johnson Search Group operates in (Mining, Healthcare, and Banking) illustrated strong growth throughout the entire year of 2018.

Mining and Heavy Industrial

One of the biggest trends in the Mining industry is the aging workforce. As we see more and more workers retire, employers will continue to face difficulties finding qualified workers for open positions.

Job growth in the Mining industry started out strong and slowed down a bit towards the 4th Quarter. However, over the year, the Mining industry added 62,000 jobs.

Healthcare

We will start to see more opportunities as healthcare organizations continue to incorporate artificial intelligence into everyday working lives.

Healthcare job growth was outstanding in 2018. Last year, the Healthcare industry added 346,000 jobs compared to the 284,000 jobs in 2017. The Healthcare industry is continuing to expand and will look to continue this trend in 2019.

Banking

Despite the fluctuating stock market over the last month or so, the Banking/Financial industry continued to add jobs in December. Throughout 2018, the Finance and Banking Industry grew by 110,000 jobs.

hiring trends

Hiring Trends Heading Into 2019

hiring trends

The Labor Department reported that there were over 7 million job openings in the month of August 2018. The unemployment rate remained at 3.7 percent in October 2018, marking a 48-year low. The nation currently has more than one job opening for every unemployed person. This is quite the difference from the Great Recession when there was over six unemployed Americans for every job opening.

In other words, the job market is on fire right now and there are no signs of it cooling down as we get closer and closer to the new year. This is fantastic for candidates! Workers in all industries have their pick of new opportunities. They have the chance to test the waters and see what else is out there; to find their next stepping stone in their career.

However, this is a nightmare for many hiring managers. The competition for talented candidates is fierce and many employers are struggling to fill critical roles as a result. Candidates are ghosting interviews, or in some cases, completely failing to show up for the first day of work. And with the lowest level of unemployment claims since December of 1969, teams are becoming depleted and hiring managers are desperate to find the talent they need to keep operations running smoothly.

Need help? You’re not alone!

All of these jobs are creating opportunities for workers around the country. However, there are simply not enough workers to fill them. Current market conditions have placed job seekers and new employees in the driver seat. Candidates have complete control and if you’re onboarding or hiring process is inefficient, chances are, candidates will move on to other opportunities. Even if they already accepted an offer from your organization.

Many employers are feeling the struggle of these hiring trends. In fact, 60 percent of employers across industries are experiencing longer fill times for vacant positions due to the tight hiring environment. And to make matters worse, almost a quarter (23 percent) of employers have seen delays in filled positions up to three weeks or even longer.

This is a hard pill to swallow for many hiring managers. Especially since 55 percent of candidates are giving up and pursuing other opportunities if they haven’t heard from a prospective employer within two weeks of applying for a job. And even when a candidate accepts a job offer, the market is so good right now that 51 percent of candidates continue to search for other job opportunities after they’ve accepted a job and are currently finishing up pre-employment screening. In this crazy job market, one in seven candidates walks away after accepting an offer.

JSG is here to help

If you find yourself in a similar boat, it may be time to reach out to a professional for help. At Johnson Search Group, we have a proven track record that will help you streamline your hiring process and get you the right candidates when your team needs them. Partner with an executive recruiter today that is a professional in your industry. The thoroughness of our process ensures when a candidate accepts your offer, they’ll show up on the first day, ready to make an impact.

Banking Trends

Banking Trends Heading Into 2019

Banking Trends

With the end of the year fastly approaching, it’s hard to think that 2019 is right around the corner. Especially, because this year we’ve seen such a big growth in the banking industry. And well, in all career’s as a whole it’s been a record-breaking year. Even though it may be nerve-racking to think about next year, it looks like the trends we’re seeing now will continue.

In 2019, it looks like there are several trends financial institutions will continue to see into the new year. These are the three banking trends that are projected to grow throughout the 4th Quarter and into 2019 in the banking and financial services industry.

Customer Experience

Organizations will need to continue to keep up with the ever-changing digitization and needs by consumers. Consumers want easy access to their accounts and the flexibility to engage with the institutions when it’s convenient for them.

Consumers are geared more towards digital experiences rather than physical or in-person interactions, even when dealing with their money. Banks are closing branches at a higher rate than ever before. According to CBS, “Only 66 percent of Millennials visited a brick-and-mortar branch within the past six months, compared to 81 percent of Baby Boomers and 80 percent of Traditionalists.” To attract the younger generations, financial institutions must continue to innovate and enhance the user experience for all consumers.

Cybersecurity risks

As threats from hackers become more sophisticated, institutions will need to continue to be aware of these factors and try to anticipate the risk involved with the adaptation of new technologies. According to the Global Banking Outlook for 2018, banks and financial institutions place cybersecurity as their top priority for 2018. We anticipate this trend will continue to increase throughout 2019 as more and more banking functions digitalize.

Tight-talent market

There are more open positions than candidates on the market. Institutions will need to find new ways to attract and retain talent if they want to compete in the marketplace. According to Forbes, salary may not matter as much as employers think.

Yes, it is a big factor in whether a candidate will accept the position or not, but the culture of the company is crucial. Conveying the benefit of working for your institution and telling candidates why they should come work for you is an essential piece of attracting new candidates. No longer is it the bank picking the right candidate; in this tight job market, candidates are now picking the right institution for them.

Get the help you need

One thing that is for certain is the market is intense. And there are no indications of that changing as we get closer to entering the new year. If your banking or finance institution is struggling to attract qualified candidates to your organization, let’s have a conversation. I can help your team find the right candidates that are ready to make an immediate impact on your bottom line.