May 2015

A stronger economy may make district vacancies tougher to fill

The U.S. labor market has shown “sustained strength,” with employers continuing to add jobs and the unemployment rate dropping to 5.5 percent in February, according to the U.S. Bureau of Labor Statistics. Texas has even fewer people out of work, with an unemployment rate of 4.2 percent.
 
The good economic news doesn’t stop there. A new Society for Human Resource Management (SHRM) survey notes that job prospects for college graduates have improved significantly. Seventy-one percent of survey respondents said that their organizations plans to hire 2015 college graduates, up from 53 percent in 2013, and starting salaries are also on the rise.
 
The strong economy has a downside for hiring managers: Some of your veteran employees may be thinking about their next job. According to Jobvite’s 2015 Job Seeker Nation Survey, 60 percent of the more than 2,000 workers surveyed were equally or more optimistic about job opportunities at the end of 2014 compared to 2013. Also, 45 percent would take a new job even though they are happy in their current position. The improved economy “…is having concrete results for job seekers,” according to Jobvite CEO Dan Finnigan. “Now they have more options, everywhere they look.”
 
For recruiters, the robust job market paired with the sharp increase in hiring of new college graduates will likely mean more vacancies to fill and fewer job candidates for many openings. And no industry is exempt. Fifty-one percent of respondents in education said they were satisfied with their current job but also open to a new one.
 
The primary reason most would consider another job is money, but a job’s location is also important.
 
Finnigan advises employers to cast a wider net to find the talent they need, and that includes using social and mobile technology platforms. “Ignoring these platforms isn’t an option; companies must showcase their brand and be everywhere job seekers are,” Finnigan said.

Meeting expectations

Job seekers are increasingly reliant on mobile technology, and want to be able to apply for jobs using their devices. To give you some perspective on how pervasive the use of mobile technology is, consider these tidbits:
  • Forty-seven percent have conducted a job search from bed
  • Thirty-eight percent have searched during their daily commute
  • Thirty-six percent have searched at a restaurant
  • Thirty percent have searched at work
  • Twenty-one percent have searched during a meeting
This is the sixth year of Jobvite’s survey.