According to The Bureau of Labor Statistics Employment Situation Summary released in early June, the US added 280,00 jobs in May of this year. The majority of jobs were added in Professional & Business Services with 63,000 jobs added, followed by Leisure & Hospitality and Healthcare and sectors adding 57,000 and 52,000 jobs, respectively.
This is reflected in the increase in employment opportunities we are seeing with our own clients.
“We are seeing a significant increase in hiring with our clients, across the board,” says Jennifer Wright. “Healthcare, Real Estate Development, Retail, and Construction are especially active at this time. Talent is in greater demand now than in previous months, with great competition for qualified candidates.”
Hiring in a Candidate-Driven Market
As the market turns from being employer-driven to candidate-driven, having a consistent, intuitive, and friendly recruiting process is critical. Candidates have a low tolerance for laborious application processes and uncommunicative employers, especially when they may be passive candidates from the start.
With this in mind, here are our top 3 tips for keeping candidates interested and less likely to reject your offer of employment:
- Communicate what candidates can expect during the process from the start.
- Establish frequent touch points with the candidate via email, phone calls, and even text messages so that they are aware of where you are in the process.
- Don’t delay in extending attractive offers to candidates. Candidates are more vulnerable to counteroffers in a competitive market. Low ball offers are quick to be rejected and may damage your reputation with other potential candidates.
Resources: The Bureau of Labor Statistics, Employment Situation Summary