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labor market

2nd Quarter Roundup: It Remains A Tight Job Market

Can you believe that we are already halfway through the year? It’s officially summer and just like the weather, employers are feeling the blaze of today’s job market. While not as strong as the First Quarter, the job market in Q2 experienced steady growth. The unemployment rate has been hovering at 3.6 percent, a near 50-year low. Moreover, June was officially the 105th consecutive month of job gains.

The gap between job openings and available workers seeking new employment opportunities is still a headache for most employers. In April 2019, there were 1.63 million more job openings than available workers. In fact, this was the largest gap ever recorded! As you can see, the labor market is tight and doesn’t look like it’s cooling down as we enter Q3.

Check out our Second Quarter roundup of today’s candidate-driven market and learn a few ways you can navigate it, regardless if you’re an employer or a candidate.

Why Summertime is a Great Time to Hire

summertime

Summer is finally here! The days are getting longer, and the weather is getting warmer. 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 country.

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.

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How to Attract Millennial Talent to Your Organization

How To Attract Millennial Talent To Your Organization

Many well-established companies find themselves with a new problem these days: how to attract fresh talent with new skill sets and new ideas. By 2025, Millennials will make up 75% of the workforce. Organizations are now having to change their approach to attract and retain these young candidates. So what can your team do to secure this majority workforce? Here are a few dos and don’ts for hiring Millennials.

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How to Negotiate in a Candidate-Driven Market

How To Negotiate In A Candidate-Driven Market

You may have heard that the current job market is “candidate-driven,” but what exactly does that mean? First and foremost, it means that there are lots of great jobs available to a limited number of qualified candidates. For people looking to advance their careers, this results in better-negotiating power when it comes to wages, incentives, location, and work-life balance. However, there are a few things to keep in mind when negotiating a new position.

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How to Prepare for Your Next Interview

interview prep

Do you have an upcoming job interview? If so, proper interview prep is one of the most critical contributions to successfully landing a new job opportunity. Today, we want to share what I believe is the most valuable part of the interview process: the prep. Prepping for your job interview helps you as a candidate land your dream job. Getting an interview is sometimes the hardest part. Although this may be true, it’s not uncommon for qualified candidates not to be selected for the job. This is all due to them not being prepared for their big day.

No matter what industry or stage of the interviewing process, it’s always wise to prep for your upcoming interview. Here are three tips to help you nail your next interview.

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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.