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The October Jobs Report: Why You Need A Focused Approach to Hiring Talent 

Hireology

With a national unemployment rate of 6.9%, we continue to inch closer to pre-pandemic levels of employment, and have made it back to the level of unemployment that we saw two to three years after the 2008 recession. Additionally, the amount of people unemployed for 15 to 26 weeks decreased by 2.3 million to 2.6 million individuals.

Report 148
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Filling a Skills Gap in Manufacturing

ExactHire Recruiting

This explains why from 2002-2008 production increased while employment levels decreased. Economic recessions have masked this problem in the past, but as manufacturing production continues to increase, technology efficiencies will be unable to compensate for a shortage of skilled labor. The benefits have been overlooked.

Training 156
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Raising the (Minimum Wage) Bar

JazzHR

Following raises in 2007 and 2008, the federal minimum wage hasn’t budged since 2009, when the government set the wage at $7.25 Employers that raise their wages before it’s legally mandated to do so can benefit from higher employee satisfaction and retention rates.

JazzHR 24
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Five Ways to Utilize Contingent Labor During an Economic Downturn

Acara Solutions

However, this recession is expected to differ from the ones experienced in 2001 and 2008 in that it could be quieter, slower, and longer, making flexibility in talent strategy even more critical. In 2008, many companies were forced to make difficult decisions about their workforce to reduce costs and maintain profitability.

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Today’s Talent Mindset: What’s Changed & What’s Changing 

Recruiting Daily

This is not 2008. Competitive compensation and benefits, flexible work environments, and an open, transparent hiring process will also help. Sadly, I do not own a crystal ball, nor do I pretend to possess some seer ability. What’s happening now has nothing to do with toxic mortgages. Don’t panic. So, what does that look like?

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Harnessing the Power of Business Intelligence (BI) in Staffing

NPA Worldwide

Since 2008, Headcount has helped staffing firms across all 50 states mitigate liability, reduce costs, and maintain full hiring compliance. Staffing Companies Can Be Small — But Not Work Small Even small organizations can reap significant benefits from adopting BI practices. Here are some testimonials.

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5 Things You Should Do to Get Your Employees to Stay Longer

Linkedin Talent Blog

Yet, earlier this year the Department of Labor reported that employee turnover is at its highest level since 2008. The why is that many companies retention efforts focus too much on compensation, benefits and bonuses and not the other reasons for leaving that surface during exit interviews. Unhappy with compensation.