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summertime

Why Summer is a Great Time to Hire

summer

Can you believe it’s already June? The days are getting longer, and the weather is getting warmer. In fact, June 21st is the first day of summer. It’s a common misconception that summertime is a notorious slow season for hiring. But in today’s job market, this simply isn’t true. Don’t believe us? Check out the Johnson Search Group job board. We have dozens of exciting opportunities across the United States.

It’s time to officially get this myth out of your head! Here are a few reasons why summer is a great time for hiring, for both candidates looking for opportunities and employers searching for new talent.

For candidates looking for new opportunities

Now is a perfect time to hit the job search hard. The unemployment rate is at a 50-year low of 3.7 percent and there are still more jobs than available workers to fill them. Today’s market is definitely a candidate-driven one! There are plenty of fantastic opportunities to choose from. In fact, according to the Bureau of Labor Statistics, there are over 7.5 million job openings.

June is the sixth month of the year. In other words, if you see a job posted, it’s more than likely a critical position. That means these roles are essential to the operations of the employer, and thus, they will likely make a decision quickly. Additionally, many people are out on vacations and not even thinking about new opportunities. That’s great for you if you’re on the job hunt! You have less competition out there fighting for the same job opportunities you are applying for.

As a prospective candidate, now is a fantastic time to find the next step in your career. Don’t let this summertime myth derail your job search.

For employers searching for new hires

As employers, we know how you feel, it’s summer. Employees in every department are out of the office taking vacations or enjoying “summer Fridays.” During this time, it can be difficult to get everyone together to form a panel interview or make a hiring decision. However, regardless of the season, you can’t drag your feet when it comes to hiring in this candidate-driven market. You just need to be a little more flexible.

Candidates are only on the job market for an average of 17 days. This means you need to streamline your hiring process to fit within this timeline. This will help you secure the best talent on the market and save money. On average, an open position is costing your company $4,129 every 42 days. The cost of vacancies really starts to add up when you have multiple positions open. So being forced to make quick hiring decisions may actually save your department money and fill your critical needs efficiently.

The stereotype of summer being a difficult hiring season simply isn’t true. Don’t let this age-old myth postpone your hiring needs. Take advantage of your competitors that are buying into this misconception and fill those hiring needs in this busy labor market.

And if your team is struggling this summer to find the talent you need, don’t be afraid to ask for help. Partner with a recruiter that specializes in your industry and streamline your hiring process.

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.

recruiting trends

Recruiting Trends to Watch for in 2018

recruiting trends

For the first time since 2000, there are more job openings than available workers. According to the Bureau of Labor Statistics, there were just under 6.7 million job openings available in April but only 6.35 million eligible candidates for jobs. The market for top-talent is tight and organizations must move fast to secure the best candidates.

If your hiring process is not efficient, you will find yourself missing out on the best candidates. The best prospective candidates are entertaining multiple offers and are sometimes not even actively on the job market.

Is your hiring process hurting you?

According to a report conducted by the Society of Human Resource Management (SHRM), it takes an average of 36 days to fill a position. That’s 36 days from the decision to open the position to the acceptance of an offer. That’s a long time!

If you want to ensure your team doesn’t miss out on the best candidates, you must streamline your hiring process. If you are taking 36 days or longer to extend an offer to a candidate, you will likely lose out on first-rate talent. With our candidate-driven market, interviewees have options (and plenty of them!). If your hiring process forces the candidate to jump through hoops to get an offer, they’ll likely move on.

How to improve your hiring process

If you are wondering where in your hiring process you can make improvements, here’s some food for thought:

As you can see, there’s room to improve your hiring process. Depending on your industry and the type of job opening, these impediments may obviously change. However, for most job openings, your organization can speed up things up. Even if you speed up your interview process by just a few days, you will have top candidates in the running for your company!

And by having better candidates, you will likely experience better retention. The average number of separations within the first three months of employment is 16%. And with the average cost-per-hire hovering around $4,425, your organization will save money AND increase retention by being able to hire elite candidates available.

Partner with a recruiter

The easiest possible way to improve your hiring process is to work with a professional. Your team has enough to worry about. Let JSG help you quickly hire the top candidates on the market that will stick around and make an immediate impact.