2014 Job Market Perspectives blog series – Part one: The recession

singles_ADO_JMP14_v2_Page_01Every year we release our Job Market Perspectives report, which details the current state of the job market broken down by industry sector and region. The report also contains important topics and useful information such as a 2013 year in review, a summary of the last five years, as well as an executive polling section where we take a look at what business leaders are seeing and what challenges we face moving forward.

To coincide with the 2014 Job Market Perspectives Report release, we are publishing a three-part blog series to highlight some of the information in the report. In part one, we’ll discuss the 2007-2009 recession and what impact it had on the job market. In part two, we’ll present a recap of 2013 and show the progress we’ve made in the last year, and in the final installment we’ll present a “sneak peak” of what to expect in 2014.
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Will healthcare reform change the way you hire?

Top 5 things your human resources department wants you to knowWhen it comes to healthcare reform, for many employers the magic number is 50.

Employers with 50 or more full-time workers are classified by the government as a “large employer” and will be required to provide healthcare coverage that meets government standards to employees. However, if you’re an employer near or over that threshold you were granted a reprieve by the U.S. Department of Treasury – complying with the requirement was delayed one year from Jan. 1, 2014 to Jan. 1, 2015.

Regardless of when the law will take effect, the looming regulations are shining the spotlight on independent contractors, and the role they play in businesses and organizations. Because independent contractors do not qualify as employees, some businesses are considering various steps to increase use of their services, or redefine current employee’s status to avoid the requirements of a large employer.

A Wall Street Journal article, A Health Scare for Small Businesses, provides a good overview of the challenges and concerns that are motivating some employers to consider increasing their use of independent contractors or taking other steps to ensure they comply with the requirements.

Yet businesses need to walk a fine line when it comes to how they define and classify employees. Experts and analysts have been weighing in with advice for businesses that could be affected by the new rules. For instance, a June 2013 article posted by the Associated General Contractors of America warned that employers should use “extreme caution” before attempting to manipulate its number of employees by reclassifying them as independent contractors.
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Foster Growth to Keep Your Talent Talented

5 tips for a successful interviewGreat leaders understand that the success of their business depends largely on their employees, and how they perform and grow within the company. The hiring process is only the first stage to running a successful business and retaining high performance employees.

In order for a company to grow, employees need to grow as well. Fostering growth increases worker satisfaction and builds a stronger company culture. Here are a few proven ways to foster growth to keep your talent talented.

Defining Expectations and Setting Goals

Setting expectations should be at the core of management and the key element to combating attrition and having satisfied workers. It is the manager’s responsibility to engage a discussion with each team member to set clear, actionable, personalized, and realistic goals. Defining expectations and setting goals must start with executive management, clearly communicated to managers and team leaders, and finally conveyed to employees.
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Hiring for STEM skills in the New Year – Don’t wait

STEM skills worker in the fieldAs we near the end of 2013, is your 2014 workforce in place?  If you haven’t already, get a head start on recruiting for your current and projected 2014 hiring needs, especially if you’re recruiting employees with science, technical, engineering and mathematical (STEM) skills.  One of the most difficult challenges facing companies is the severe and growing gap in professionals with STEM skills.

To learn more about the STEM skills gap and its source, view our new infographic.

Recruiting for STEM jobs

Skilled STEM workers are particularly difficult to find, so we’ve compiled a list of recruiting strategies you can start using now to have your hires ready for January 1, 2014. 
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4 tips for winning the talent game

In any job market, talent can come and go in the blink of an eye. This is especially true today.

Six years after the recession began, the economy and the job market continue to inch towards recovery at a glacial pace. However, while the general unemployment rate hovers above 7 percent, the unemployment rate for college graduates with a bachelor’s degree or above is less than 4 percent. The gap between college educated professionals and those without high school degrees is even more profound, as the unemployment rate for the latter segment is 12.7 percent. The competition for well-educated, well-prepared professionals is fierce (a function of supply and demand), and the opportunity to hire them is fleeting.
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Tips for hiring and attracting millennials for your business

No  matter how you feel about the label itself, “Millennials” are the future of business. Generally considered to be the generation born between 1980 and 2000, Millennials represent the current crop of young professionals. Whether your business needs hungry entry-level recent grads or young thirty-somethings with talent and a few years of experience under their belt, landing Millennial hires requires a change in hiring paradigms not seen since the Baby Boomers shook things up many decades ago.

Five ways to attract Millennials

Millennials are tech-savvy and constantly connected. They’re also often motivated by more than just the almighty dollar. This generation, is not just about “me, me, me”, but are also starting to ask questions like “where do I belong?” and “how can I make a difference?” Taking those questions into account, how do you land the best of this future workforce?

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