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Wednesday, June 7, 2017

Current State of the Employment Market

Job creation in the professional and business services surged in May according to Moody’s Analytics. The growth in that area is three times the rate of the underlying labor force. Layoffs declined in May by 12%. We have seen demand increase substantially since the end of the presidential election.

Currently, the unemployment rate, which is at record low of 3.8% in South Florida, could reach an unprecedented 3.4%.(National unemployment is at 4.4% and is predicated to fall to 4%.) Note, that 2.5% of the labor market is virtually unemployable. That leaves 1.2% of the whole labor market in Broward as unemployed. We have never experienced such a low inventory of “employable” candidates. While most (70%) of the candidates MSi does place are employed, such low unemployment numbers will significantly impact our cost and our timely effectiveness in doing business.  Especially, in our temp and temp-to-perm divisions because unemployed candidates are typically the ones who fill those roles.

The good news for MSi is the demand is up for our services – the challenge is we are making twice, nearly three times the outbound recruiting calls just to get same number of candidates per assignment. Typically, we have to find 5-qualified candidates per assignment to insure a complete search and placement. We know this because we track all outbound calls to the number of recruits we generate to the amount of interviews with clients that generates to final number of placed candidates.

The purpose of the message is to let you know in case you were wondering why it might seem like it takes longer for us to find qualified candidates. We won’t compromise quality over quantity so whereas you might be experiencing less candidates and more spread out searches you won’t see a drop in the quality.

Higher demand and record low unemployment will cause MSi to focus on recruiting employed and most likely job/career satisfied candidates who will have to be” incentivized” to make a career move. Incentives can include offers of higher salary, larger bonus potential, sign-on bonuses, job titles and, combinations thereof. So, we tell you this mainly because if you want the top talent the market has to offer you are not going to find it in the ranks of the unemployed. We counsel so that you can plan accordingly in your recruitment efforts.

We look forward to continued dialogue and servicing your potential talent needs.

Monday, May 18, 2015

MSi attends Mid-Year Alliance Luncheon - Enterprise FL CEO Bill Johnson speaks

Everything's coming up job in Broward County.

In a Kaufman Rossin survey of 200 local businesses, 60 percent said they plan to increase staff this year. Seventy-six percent said their businesses are healthier this year than last, according to the survey released Thursday at the Greater Fort Lauderdale Alliance's mid-year meeting in Fort Lauderdale.

"Our new job announcements, in addition to the strong employment increases we saw in 2014, are confirmation that our economy is one of the strongest in the nation," said Bob Swindell, president and chief executive of the alliance. The alliance said that during its first two quarters, ending in March, the economic development agency helped Broward attract more than $29 million in capital investment for company relocations and expansions. The county added 390 jobs and retained 406.

Still, there's more to be done, said Bill Johnson, Florida Commerce secretary and Enterprise Florida CEO. He urged alliance members to lobby their state legislators for a marketing budget for Enterprise Florida, the public-private partnership that works to attract new business.

"I need your support," he said. "The economy is back, but this is not the time to sit back. We can do better."

"New York will spend $140 million to market their state as a business destination," Johnson said. Florida also is going head to head for jobs with Texas and California.Johnson, who began his new job in March, has committed to creating 1 million jobs over the next four years. He said Florida has to compete for business and the state legislature has earmarked "zero dollars" for Enterprise Florida's marketing budget.

He said he will focus on bringing in high-wage jobs and on rural and low-income areas that need jobs.

South Florida has done well in its recovery from the recession, Johnson said, but there's additional potential in attracting new businesses, such as port-related companies.

In 2014, Broward was second only to the fast-growing market of Dallas and tied for No. 2 with San Francisco, favored as a business location for its proximity to Silicon Valley.

http://www.sun-sentinel.com/business/careers/fl-fort-lauderdale-alliance-bill-johnson-jobs-20150514-story.html



Saturday, May 16, 2015

Swipe Right to Recruit Your Next Candidate

SwipeJust as we share files through the virtual pipelines, we want (and need) recruitment software to be easy and efficient. Following wider trends in the consumerization of technology, members of the HR field now demand quick and simple platforms. Attention spans are shrinking, and recruiters, candidates, and HR professionals are not immune. As a result, many would rather adopt “plug and play” tactics instead of using arduous platforms that take weeks to integrate and understand.
Such plug-and-play tactics are especially useful when working with limited resources — which many hiring authorities are doing. (Consider that recruiters only spend an average of six seconds on each resume they look at.)
So, how can we make recruiting technology even simpler than it is?
New Lover or New Job?
Digital recruiting has adopted processes similar to popular dating apps like Tinder — e.g., swipe right for a new employee! This recruiting tactic may seem silly now, but given how many people use Tinder these days (50 million a month, according to some estimates), it’s likely that we’ll have no problem getting used to recruiting software with dating-app-inspired interfaces.
CoupleThis recruitment adaptation caters to the shortening human attention span. Because we are more likely to engage with visual content than text-heavy content, visual and physical “swiping” actions are easily processed in our brains. In fact, the brain processes visual information 60,000 times faster than simple text content.
Consumerization Welcomes All Devices
Don’t worry, the desktop isn’t (completely) outdated — yet. The consumerization of the increasingly digital recruiting process currently welcomes all devices with open arms, thanks to the cloud.
In January of 2014, mobile app usage accounted for more Internet traffic than PCs did for the first time in American history. With this increase in mobile usage, app-based recruiting technologies become ideal because recruiters can take them virtually anywhere.
Will My Candidates Follow
Ninety-four percent of recruiters believe LinkedIn is the best network to vet candidates. Let’s say a recruiter finally decides to recruit socially rather than through recruiting software. Will their candidates follow the trend? Does social recruiting and app-based recruitment actually work?
FollowNot to fret: 89 percent of recruiters have already hired at least one candidate via LinkedIn, so it looks like the answer is “yes.”
Your candidates already use the Web for research purposes.Roughly 10,200,000 applicants have found their current positions via LinkedIn within the past few years. If you have a robust and renowned employer brand on social media, candidates will find you. In fact, they’re already searching for you:
  • 76 percent of them want to find out what makes your company an attractive place to work;
  • 60 percent want to learn about your mission, values, and vision;
  • and 55 percent are just looking for some basic company information!
We are in the era of mobile apps and easy-to-use, accessible information. The recruiting department has finally begun to adapt to technologies that can make time management and candidate sourcing much, much easier. Through these apps and social media trends, you can recruit candidates in less time, for less money, and in more innovative ways.
Don’t worry: your candidates are already waiting for you to swipe right and make the perfect match!
NOELLE MURPHY  |  May 13, 2015