The beginning of the year is a time for looking forward and planning. What should we anticipate for recruiting in 2020?
Tag: low unemployment
Historically low unemployment rates have proven to be a challenge for businesses on multiple, related fronts.
The historically low unemployment of recent years has drawn attention to what many employers woefully refer to as the “skills gap,” which is the idea that even though there are applicants for an open position, there aren’t enough applicants who meet the qualifications.
The American job market has been seeing historically low unemployment levels for some time now, meaning it’s harder for employers to find qualified job applicants to fill key positions. But some industries are feeling the sting of the tight labor market more painfully than others.
Unemployment rates in July 2019 remain significantly low—3.7%. These rates of unemployment are generally presented as great news, but for employers struggling to fill vacancies, the news is decidedly less rosy.
Experts and analysts have been talking about the low unemployment rate for quite some time while forecasting the consequent retention issues. A recent study by PayScale entitled Will They Stay or Will They Go? examined input from over 7,000 employees. What it found was that those issues are impacting organizations right now.