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Passive Candidates

The Best Candidates (And the Hardest to Attract) Are Passive Candidates

Passive Candidates

Yes, we mean currently employed candidates! Who are usually, just casually looking at available job opportunities. You probably understand the logic of why passive candidates are the best candidates for your open positions. But how do you impress them enough to leave a comfortable job for a new one? Well, with 6.7 million open jobs and only 6.2 million available workers, we know your search must start somewhere when it comes to recruiting passive candidates. And here is how.

Why Passive Candidates are the Best

When you know that someone is already employed you know a few things: They have strong skills, they’re creating value, they are willing to do the job, and are gaining the experience, the open positions like yours, need. They are the candidates you want applying to your jobs, and ultimately, the ones you want to hire. But to convince and attract these types of employee’s is difficult.

They normally are comfortable with where they are at, but with the help of a recruiter, you can tap into the passive candidate demographic.

Why Focus on Passive Candidates?

Passive candidates are 122 percent more likely to want to make a big impact on your business. They are hard-working and looking for an opportunity to grow in their career. These candidates have the skills, experience, and knowledge of what being a successful employee is. And for any company, this is the most desirable candidate.

study from LinkedIn, states that 75 percent of the people an organization would hire aren’t even looking for a new job. And for critical roles, 95 percent of the people you’d want to hire also aren’t looking. So, what does that mean? That the best candidates out there are not even on the market.

Why are Passive Candidates the Hardest to Attract?

With recruiting someone who’s already employed, you must know how to approach them. Most people are comfortable with their job, location, and money. Recruiting passive candidates is hard because they are content. They do not need a job and do not feel the burden of having to find one immediately.

But, that does not mean they aren’t casually looking for other opportunities! If they have the option to move up, start their dream career, move closer to family, or have more of a work-life balance, they more than likely could be willing to take another position. It’s just all about timing, which recruiters know well.

How a Recruiter can Help You Reach Passive Candidates

Passive candidates are still on the market, just in a different way. 85 percent of workers worldwide are open to new positions! That’s pretty good odds of being able to find the person you’re looking for. They just need to be approached in a different way, which is where a recruiter comes in.

When partnering with a Johnson Service Group recruiter, you’re guaranteed we are working in the passive candidate market. As you know, they are the best candidates for a company and that’s what we’re here to do. Our recruiters are here to help our clients and candidates find the perfect fit, and in today’s market, it can be difficult. But with our knowledge of the job market and with access to the best candidates, we’re sure to find you the best person for the job. Let’s work together.

August 2018 Jobs Report

August 2018 Jobs Report

August 2018 Jobs Report

For the 95th month in a row, U.S. employers added payrolls, extending the record of the longest continuous job expansion. In August 2018, 201,000 jobs were added and the unemployment rate remained unchanged at 3.9 %. This surpassed economists’ expectations of about 190,000 jobs. Additionally, the labor force participation rate nudged down to 62.7%.

Revised jobs for June and July 2018

The Bureau of Labor Statics also reported revised job gains for June and July for this year. June’s job numbers were revised to 208,000 from the originally reported 248,000. For July, the number was revised down from 157,000 to 147,000. This revision equates to a combined decreased of 50,000 fewer jobs than previously reported.

After these revisions, job gains have averaged 185,000 per month of the last three months.

Average hourly earnings increase

Average hourly earnings rose by $0.10 for an average hourly rate of $27.16. Over the last year, average hourly earnings have increased by $0.77 or 2.9%.

Employment numbers by industry

For the third month in a row, the Professional & Business Services industry led the way in August with 53,000 jobs gained. Over the past 12 months, the Professional & Business Services industry added a total of 519,000 jobs.

The Healthcare industry followed with an additional 33,000 jobs added in August. In the past year, Healthcare added a total of 301,000 jobs. Ambulatory services alone added over 21,000 jobs over the month of August. Wholesale Trade employment added 22,000 jobs this past month and has added a total of 99,000 jobs over the past 12 months.

Transportation and Warehousing rose by 20,000 in August for a grand total of 173,000 jobs gained over the past year. Mining increased by 6,000 jobs over the month. And since October 2016, Mining has added 104,000 jobs, almost entirely in support activities for mining.

The Construction industry continued to trend upwards with a gain of 23,000 jobs. Construction employers have added 297,000 jobs over the past year.

Manufacturing employment slightly changed in August for a loss of 3,000 jobs. Over the year, the Manufacturing industry was up by 254,000 jobs.

The employment in other major industries, including retail trade, information, financial activities, leisure and hospitality, and government showed little change over the month.

Check out our infographic below for more stats from the August 2018 Jobs Report:

August 2018 Jobs Report

New Job Search

Why Today’s Job Market is The Best Time to Look for a New Job

New Job Search

With the unemployment rate nearing an all-time low, employees are noticing the opportunities in today’s job market to move up in their careers. But that’s not by waiting for promotions. It’s by deciding to move to a different company altogether.

Good candidates are making their salaries jump exponentially by leaving their current companies. This is happening because some of their current employers aren’t willing to do what it takes to keep them. For example, not wanting to give good raises, more time off, flexibility in work schedule. While other companies, who are needing to fill critical roles immediately, are!

Best Opportunity for a Raise

It is puzzling to economists why wages, but more so raises within companies, aren’t growing as fast as the job market. Especially, because there are not enough people to fill the current open positions. Knowing this fact that your good workers could jump ship for a higher paying one is interesting.

But for job candidates, it’s the one sure way to make a change if they’re wanting to. With some companies not taking the initiative to keep top talent, they will end up losing them to the competition. In today’s job market, people are starting to realize if they want to make money they have to switch from company to company. However, most people would ideally prefer to grow with their company.

More Benefits

If good candidates decide to look for new positions, they are more likely to seek out companies offering them benefits they probably wouldn’t see if they decided to stay with their current company. With our current job market, employers know that if they can’t offer the salaries that others can, they have to do something.

Especially, when they have a critical position they need to fill immediately. So, that means they may need to up their benefits packages. Which means candidates are receiving more time off, more flexibility, and the ability to work from home.

Multiple offers

If you’re a great candidate in your field, you’re more than likely going to be seeing multiple offer letters on your job search right now. This is happening more and more because companies know talent from a mile away. But they also understand that they aren’t the only ones.

So, to stand out they must do something different. Whether it’s the location, time off, the salary, you’ll really have the chance to choose a company and job that you’ll really enjoy. As well as seeing all the benefits you’ve been wanting to have.

If you’re thinking that it’s time for you to start looking for a new job, this is a perfect time. If you’re needing help with where to start on the job hunt, a recruiter from Johnson Service Group would be more than happy to help you land the job of your dreams.

July 2018 Jobs Report

July 2018 Jobs Report

July 2018 Jobs Report

The United States added fewer jobs than anticipated in the month of July, but the labor market remains rock-solid. In July, 157,000 jobs were added, which is lower than the anticipated 190,000 jobs. However, the unemployment rate edged down to 3.9%, narrowly missing an 18-year low. The labor force participation rate remained at a strong 62.9%.

Revised jobs for May and April 2018

The Bureau also reported revised job gains for May and June and May of this year. The number of jobs added in May was revised from 213,000 jobs to a whopping 248,000. And in June, the revised number of jobs added increased from 244,000 to 268,000 jobs. The results equal a net change of 59,000 jobs added.

Over the past three months, the number of jobs added averages out to 224,000.

Average hourly earnings increase

Average hourly earnings also increased by $0.07 or an average $27.05. Over the last year, average hourly earnings have increased by $0.71 or 2.7%.

Employment numbers by industry

Once again, employment in the Professional & Business Services industry led the way in July with 51,000 added jobs. Over the 12 months, Professional & Business Services added a total of 518,000 jobs.

Manufacturing came in second with an added 37,000 jobs. Over the last year, the manufacturing industry added 327,000 jobs. Healthcare followed closely with 34,000 jobs added. Hospitals added 7,000 jobs and social assistance, individual and family services
added a combined 14,000.

Food services increased 26,000 in the month of July with a total increase of 203,000 jobs over the year. Construction followed with an increase of 19,000 jobs. The construction industry has added a staggering 308,000 jobs over the year. Retail saw a slight increase of 7,000. This is favorable to the 22,000 jobs lost in June 2018.

The employment in other major industries, including wholesale trade, transportation and warehousing, information, financial activities, mining, and government showed little to no change over the month.

Check out our infographic below for more stats from the July 2018 Jobs Report:

July 2018 Jobs Report

Appreciate your job

How Millennials are Benefiting Our Corporate Culture

Millennials

Born between the years of 1981 – 1996, Millennials are probably the most talked about generation. Well, in a more stereotypical way. But, they are adding some great benefits to our corporate culture that you may not know about.

Work-Life Balance

Millennials are adamant about having a life outside of work. And compared to generations past, they are willing to take pay cuts for it. But with this must have, they are also helping every other employee enjoy the perks. They’re also getting more flexibility in the work environment and more time off to spend with their family and friends.

The emphasis on a good work-life balance to Millennials probably comes from them watching their parents. They saw them sacrifice family time in return for career advancement. Which they don’t necessarily see as a bad thing… It just makes them realize what they want to prioritize, which is family time over work advancement or more money.

They Value Company Culture

Almost anyone you ask would say having a good company culture helps them feel appreciated, important, and that they are making a difference. But each generation is different on how highly they weigh culture fit when accepting a job offer. But, Millennials rate this as one of the most important things to them when searching for new opportunities.

On average, they are willing to take a $7,600 cut in salary, each year, to work in an environment that fits well with their morals and makes them excited to go to work. This may seem like a crazy pay cut, but it’s one of the huge reasons why Millennials, you could say, are improving the corporate culture.

They are emphasizing the need for good morals, ethics, and community outreach. Which, with the current job market we’re in, is putting companies in the hot seat, not candidates searching for jobs.

Millennials Want Feedback and Growth

Millennials want recognition, but not without putting in the work. They are changing the way managers and owners communicate with their employees by pushing them to give more feedback and acknowledgment. This may come from the want/need to be recognized. Although, it is affecting the corporate world in a manner that helps everyone know what they can improve on or what they are doing well at. It helps employees feel more appreciated by the company they are working for.

Overall, the largest generation is making big impacts on our corporate world, in a way that is benefiting everyone else positively. They are helping put a priority on a great work environment and reminding us to focus on our lives outside of work. So even though we know the millennials for all of the stereotypes, we also know them to be improving our ever-changing work culture too.

 

June 2018 Jobs Report

June 2018 Jobs Report

June 2018 Jobs Report

We are officially at the mid-point of the year, and the labor market is still holding up strong. In June 2018, the U.S. added 213,000 jobs, beating economists projections of 195,000 jobs. This is largely the result of the increase in the labor force participation rate. 601,000 workers re-entered the workforce, increasing the labor force participation rate to 62.9%. However, there has been no sign of any trend thus far this year.

Revised jobs for April and May 2018

The Bureau also reported revised job gains for April and May of this year. April’s gains increased from 159,000 added jobs to 175,000 jobs and May’s jobs improved from 223,000 jobs added to 244,000. This is a net increase of 37,000 jobs for April and May combined. Over the past three months, job gains averaged a whopping 211,000 jobs.

Despite the strong job growth, the national unemployment rate slightly edged up to 4.0%. In the month of June, the number of unemployed persons increased by 499,000 people for a total of 6.6 million. A year ago to the date, the unemployment rate was at 4.3% with the number of unemployed Americans totaling 7.0 million.

Average hourly earnings increase

Average hourly earnings also increased by $0.05 or an average $26.98. Over the last year, average hourly earnings have increased by $0.72 or  2.7%.

Employment numbers by industry

Employment in the Professional & Business Services industry led the way in June with 50,000 added jobs.Over the last year, Professional & Business Services added a total of 521,000 jobs.

Manufacturing came in second with an added 36,000 jobs. Over the last year, the manufacturing industry added 285,000 jobs. Healthcare followed closely with 25,000 jobs added. Hospitals added 11,000 jobs and ambulatory services added 14,000. Construction added another 13,000 jobs and has gained a total of 282,000 jobs over the last 12 months.

Mining gained another 5,000 jobs, totaling gains of 95,000 jobs since a slump in October 2016. The Retail industry saw a major loss of 22,000 jobs for the month. This largely offsets the 25,000 jobs gained in May 2018.

The employment in other major industries, including wholesale trade, transportation and warehousing, information, financial activities, leisure and hospitality, and government showed little to no change over the month.

Check out our infographic below for more stats from the June 2018 Jobs Report:

June 2018 Jobs Report

March 2018 Jobs Report

March 2018 Jobs Report

March 2018 Jobs Report

The U.S. labor market added 103,000 jobs in March 2018, which is substantially slower than previous months and below expectations. U.S. economists projected job growth of 185,000 for the month. The job market is increasing at a slower rate compared to the previous two months. This is a huge slip from February’s gain of 326,000 jobs.

In fact, job gains in January and February were revised down by a combined of 50,000 jobs. The Department of Labor revised January’s gains from 239,000 jobs to 176,000 and February’s numbers increased from 313,000 jobs to 326,000.

The national unemployment rate remained 4.1% for the sixth month in a row and the lowest rate since 2000. However, this is slightly above economist’s prediction of 4.0% unemployment rate. The labor rate participation rate slightly decreased to 62.9%.

Employment in the professional and business industry gained 33,000 jobs followed by the manufacturing and healthcare industries with 22,000 jobs each. Jobs in the construction industry fell by 15,000 jobs and retail lost 4,000.

Additionally, job creation was skewed heavily to part-time, which rose by 310,000.  Full-time positions fell by 311,000, according to the household survey.

Check out our infographic below for more stats from the March 2018 Jobs Report:

March 2018 Jobs Report

February 2018 US Jobs Report

February 2018 Jobs Report

February 2018 US Jobs Report

The U.S. labor marketing is hot and shows no signs of slowing down. The U.S. economy added a staggering 313,00 jobs in the month of February 2018, blowing out projections of  195,000. This is the largest growth the nation has seen in a single month since July 2016 and a significant jump from January’s 239,000 new jobs.

The national unemployment rate remained 4.1% for the fifth month in a row. The unemployment rate for recent college graduates slightly rose to 20.%.

The Department of Labor also revised the job growth numbers of December 2018 and January, adding an additional 64,000 jobs. The labor rate participation rate slightly grew to at 63%.

Employment rose in construction, retail trade, professional & business services, manufacturing, financial activities, and mining. Jobs in the construction industry lead the way with 61,000 jobs created in February. Retail & professional and business services each gained 50,000 jobs.

The Commerce Department last week estimated that Gross Domestic Product grew 2.5% in the fourth quarter of 2017, which is short of the annual growth of the predicted 3%.

Check out our infographic below for more stats from the February 2018 Jobs Report:

February 2018 Jobs Report

February 2018 US Labor Statistics Infographic from Johnson Service Group