At 10 percent unemployment, the job market remains a major topic of conversation around the country. Yet there are some emerging employment trends that may not have gained much attention but are valuable for executives to understand.
Robert Half International and CareerBuilder recently issued the 2009 Employment Dynamics and Growth Expectations (EDGE) Report, which provides an overview of the current hiring environment, as well as a glimpse of what the post-recession staffing landscape will look like. There are four key findings CIOs must be aware of:
1. Hiring Is HardWith so many people in the job market, it would seem that employers would have the upper hand and find recruitment to be quick and easy. However, managers surveyed said it takes them from 4.5 to 14.4 weeks to fill a vacancy, depending on the position-the same amount of time as last year. A shortage of qualified applicants was noted as the top hiring challenge. While organizations may receive an overwhelming number of responses to any job ads they post, an average of 44 percent of resumes are from unqualified candidates.
To attract the right applicants, firms should take a diversified approach to recruitment. Referrals can be a useful tool for learning of qualified candidates, so managers should spread the word about job openings to their employees and outside networks. Job ads placed in industry publications and on targeted websites also may yield applications from the right professionals. In addition, it might be beneficial to partner with a recruiter. These individuals can use their extensive local networks to identify skilled individuals who are not currently job hunting but who might be open to leaving for a good opportunity, as well as help you narrow down the list of potential hires.
2. Employers Are Mixing It Up
When it comes to hiring, companies aren't necessarily focusing exclusively on full-time additions. While 53 percent of managers said they plan to recruit full-time staff in the next 12 months, 40 percent said they intend to bring in contract, temporary of project professionals. About the same percentage said they will hire part-time workers. (Multiple responses were allowed.)
This varied approach allows organizations some flexibility, which is ideal during uncertain times. Firms can quickly adjust staffing levels to accommodate new demands by using interim professionals, while protecting core full-time and part-time staff from layoffs should those demands subside.
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