During this time of year, we are often asked to reflect upon what we’re thankful for. Many of us are thankful for our careers, family, or our friends. Throughout the year, JSG has many things to be thankful for, including our latest SIA awards.
However, what we are truly grateful for is the scorching hot job market! Over the last two months, the unemployment rate hit a 49-year low of 3.7 percent. And throughout the last 12 months, the number of unemployed Americans has decreased by 449,000, or a rate of 0.4 percent.
Candidates are loving this job market
This is absolutely fantastic for candidates! Many Americans are happy to say they’re extremely thankful for a new career opportunity they secured earlier this year. But this is a completely different story for many employers out there.
With such a competitive job market, employers are battling to attract qualified, talented candidates to come and work for them. And even if they get a candidate to accept a job offer, many employers are faced with candidates failing to show up on the first day of work. The market is so hot that candidates have options (and lots of them!).
Employers are feeling the pain of this tight market
And if you are one of these struggling hiring managers, you are not alone. 60 percent of companies are experiencing longer fill times for vacant positions. What makes matters worse is that nearly 51 percent of candidates continue to search for other opportunities AFTER accepting a job offer.
So, while you are waiting for pre-employment screening and paperwork to get finished up, candidates are still looking for other opportunities. If something better shows up, many candidates don’t have a problem with jumping ship to the better opportunity. And many of which are doing it without so much as a heads-up email.
Let JSG work for you this Thanksgiving season
Workers around the country are thankful for the bountiful job opportunities. For hiring managers, not so much. The holidays can be the most stressful time of year. Go take a much-needed break, spend time with your loved ones this holiday season, and let JSG take some of that stress off your plate. That way you have more room to breathe (and for more of that delicious turkey on your plate!).
Happy Thanksgiving to all our wonderful clients and candidates. And if you need help filling your critical roles this holiday season, reach out to us. After all, that’s not just what we do, but it is also what we love to do.