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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.

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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.

Training 156
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The Best Jobs in the U.S.: 2019

Indeed

This information also alerts employers in fast-growing fields that top talent will be in high demand — so their compensation packages need to withstand the competition. As the economy continues to recover from the global economic recession of 2008, people are spending money and buying homes again. Building and real estate booms.

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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. Rather, when it comes to figuring out the market, I tend to abide by the following advice: Don’t look back.

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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 At that rate, someone working full-time would make $15,080 before taxes.

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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The Most Common Staffing Agency Payroll Issues & How to Avoid Them

NPA Worldwide

Since 2008, Headcount has helped staffing firms across all 50 states mitigate liability, reduce costs, and maintain full hiring compliance. If you’re at all unclear about the rules for paying overtime in your specific geography, contact the Department of Labor or use their overtime calculator to determine the correct compensation.