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First Friday august 2014

Joe Cianciolo
Joe Cianciolo

The survey found that the job market is strongly candidate-driven, with candidates having more options and being able to make more demands. Recruiters reported that many candidates are turning down offers due to other higher offers or compensation and benefits that are lower than expected. Hiring managers are taking a long time to make offers and often lose good candidates. While the job market is challenging for employers, job growth remains strong with new positions and resignations fueling hiring needs.

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Survey says: Candidates Command the Drivers Seat Its a job seekers market, but hiring managers havent fully adjusted to the change, with 40% of them taking almost a month to make an offer, only to find out in many cases that their candidate is turning them down. Better than 8 in 10 of the MRINetwork recruiters participating in the semi-annual MRINetwork Recruiter Sentiment Study said todays employment market is candidate-driven, a 25 point jump from the 2012 study. That means the professional, executive and managerial candidates who are the majority of those recruited by MRI franchise offices can be more demanding when it comes to the nature of the work they want, the companies theyre willing to work for, and the compensation and benefits theyll accept. In the MRI survey last fall, recruiters said 42% of their candidates who got an offer turned it down. In the current survey, recruiters reported that in almost a third (31%) of the turndowns, the reason is another offer. In yet another sign of the changing nature of the market, 26% said the candidates are rejecting offers because the comp and benefits arent what they expected. And current employers are fighting to hang on to top talent; 16% of the candidates accept counteroffers. According to the survey, one recruiter, commenting on the hiring situation, said, Candidates have more options than they have had in years. Yet clients still want to give low-ball offers. Another noted, Some clients are still not adjusting to this market change, and as a result are dragging the process along and losing good candidates. VOLUMEVIIIISSUE8August1,2014 息 2014 Management Recruiters International, Inc. An Equal Opportunity Employer A few surveys back, recruiters were far more balanced in who they thought was driving the market. In the 2011 survey 54% of the respondents saw a candidate-driven labor market vs. 46% who saw it the other way. Now, with the economy adding jobs at a pace unseen since before the recession, and an unemployment rate for the college-educated at 3.3%, theres little doubt about the nature of the market. Whats more, the evidence is that the hiring environment is only going to continue to get more challenging for many types of professional and mid- to senior-level positions A recent CareerBuilder forecast predicted that nearly half of all companies would be adding headcount during the second half of this year. The Conference Boards Employment Trends Index likewise points to strong hiring. Now, 47% of MRIs recruiters in the survey, say newly created positions are the primary reason for the job orders they have coming in. Second to that are vacancies caused by resignations, prompting MRI to conclude, Employment continues to accelerate and candidates are more willing to change jobs as a result of growing confidence in the job market. Employee fears regarding changing employers during the recession have subsided. Call me to help you attract the impact player What is an impact player? Ctrl-Click Video Source: Department of Labor Submitted by: Joe Cianciolo, Senior Account Manager Management Recruiters of Cleveland-Southwest >Experts in Global Search (330) 273-4300 ext. 109 JoeCC@MRCSW.com
Despite fewer gains than have been posted in earlier months of the year, July's Employment Situation report from the U.S. Bureau of Labor Statistics (BLS) still showed strong growth. According to the BLS, U.S. employers added 209,000 workers over the month. While the previous two months saw a greater job increase - 217,000 in May and 288,000 in June - the report still made July the sixth straight month of job gains over 200,000. Predictions made ahead of the BLS survey anticipated faster growth than actually occurred. The private sector jobs report from Automatic Data Processing forecasted 218,000 new positions for the month. Typically, the BLS report shows more growth than the ADP report, since it comprises more employers. The two reports rarely agree in their estimates. Economists had been expecting the report to show more new jobs, as well. A poll from Reuters found a prediction of 233,000 new hires. While there may actually be more growth than the first release showed, it is unlikely that levels will match the predictions, even after revisions. That said, May and June's reports saw revised estimates that added a total of 15,000 jobs to first predictions. The country's unemployment rate also edged up slightly in July, from 6.1 percent to 6.2 percent. Although higher than last month, the unemployment rate is still the second-lowest of any month this year, and is 1.1 percent below last July's rate. According to The New York Times, many economists viewed the slight rise in unemployment as a modestly positive sign, in part because more people reported they were looking for work, suggesting that many of them were starting to see greater job opportunities. The concurrent rise in the labor participation rate seems to support that notion as the figure increased from 62.8 percent, where it had been since April, to 62.9 percent. The largest gains were found in the professional and business services sector, which added 47,000 positions, bringing its over-the-year hiring to 648,000. Job growth in temporary help services changed little over the month. Healthcare employment experienced minimal change in July, with growth of over 21,000 in ambulatory healthcare services largely offset by cuts in a total of 13,000 hospital and nursing care staff. Manufacturing jobs were also in abundance, gaining 28,000 compared to the 12-month average of 12,000. Construction continued its steady hiring trend, adding 22,000 jobs. Growth in the retail industry remained strong, with 27,000 new positions added over the month. The past year has seen nearly 300,000 jobs added to the sector. Employment in the information sector changed little, gaining around 2,000 jobs, following last months addition of around 10,000. Employment Situation Report July 2014

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First Friday august 2014

  • 1. Survey says: Candidates Command the Drivers Seat Its a job seekers market, but hiring managers havent fully adjusted to the change, with 40% of them taking almost a month to make an offer, only to find out in many cases that their candidate is turning them down. Better than 8 in 10 of the MRINetwork recruiters participating in the semi-annual MRINetwork Recruiter Sentiment Study said todays employment market is candidate-driven, a 25 point jump from the 2012 study. That means the professional, executive and managerial candidates who are the majority of those recruited by MRI franchise offices can be more demanding when it comes to the nature of the work they want, the companies theyre willing to work for, and the compensation and benefits theyll accept. In the MRI survey last fall, recruiters said 42% of their candidates who got an offer turned it down. In the current survey, recruiters reported that in almost a third (31%) of the turndowns, the reason is another offer. In yet another sign of the changing nature of the market, 26% said the candidates are rejecting offers because the comp and benefits arent what they expected. And current employers are fighting to hang on to top talent; 16% of the candidates accept counteroffers. According to the survey, one recruiter, commenting on the hiring situation, said, Candidates have more options than they have had in years. Yet clients still want to give low-ball offers. Another noted, Some clients are still not adjusting to this market change, and as a result are dragging the process along and losing good candidates. VOLUMEVIIIISSUE8August1,2014 息 2014 Management Recruiters International, Inc. An Equal Opportunity Employer A few surveys back, recruiters were far more balanced in who they thought was driving the market. In the 2011 survey 54% of the respondents saw a candidate-driven labor market vs. 46% who saw it the other way. Now, with the economy adding jobs at a pace unseen since before the recession, and an unemployment rate for the college-educated at 3.3%, theres little doubt about the nature of the market. Whats more, the evidence is that the hiring environment is only going to continue to get more challenging for many types of professional and mid- to senior-level positions A recent CareerBuilder forecast predicted that nearly half of all companies would be adding headcount during the second half of this year. The Conference Boards Employment Trends Index likewise points to strong hiring. Now, 47% of MRIs recruiters in the survey, say newly created positions are the primary reason for the job orders they have coming in. Second to that are vacancies caused by resignations, prompting MRI to conclude, Employment continues to accelerate and candidates are more willing to change jobs as a result of growing confidence in the job market. Employee fears regarding changing employers during the recession have subsided. Call me to help you attract the impact player What is an impact player? Ctrl-Click Video Source: Department of Labor Submitted by: Joe Cianciolo, Senior Account Manager Management Recruiters of Cleveland-Southwest >Experts in Global Search (330) 273-4300 ext. 109 JoeCC@MRCSW.com
  • 2. Despite fewer gains than have been posted in earlier months of the year, July's Employment Situation report from the U.S. Bureau of Labor Statistics (BLS) still showed strong growth. According to the BLS, U.S. employers added 209,000 workers over the month. While the previous two months saw a greater job increase - 217,000 in May and 288,000 in June - the report still made July the sixth straight month of job gains over 200,000. Predictions made ahead of the BLS survey anticipated faster growth than actually occurred. The private sector jobs report from Automatic Data Processing forecasted 218,000 new positions for the month. Typically, the BLS report shows more growth than the ADP report, since it comprises more employers. The two reports rarely agree in their estimates. Economists had been expecting the report to show more new jobs, as well. A poll from Reuters found a prediction of 233,000 new hires. While there may actually be more growth than the first release showed, it is unlikely that levels will match the predictions, even after revisions. That said, May and June's reports saw revised estimates that added a total of 15,000 jobs to first predictions. The country's unemployment rate also edged up slightly in July, from 6.1 percent to 6.2 percent. Although higher than last month, the unemployment rate is still the second-lowest of any month this year, and is 1.1 percent below last July's rate. According to The New York Times, many economists viewed the slight rise in unemployment as a modestly positive sign, in part because more people reported they were looking for work, suggesting that many of them were starting to see greater job opportunities. The concurrent rise in the labor participation rate seems to support that notion as the figure increased from 62.8 percent, where it had been since April, to 62.9 percent. The largest gains were found in the professional and business services sector, which added 47,000 positions, bringing its over-the-year hiring to 648,000. Job growth in temporary help services changed little over the month. Healthcare employment experienced minimal change in July, with growth of over 21,000 in ambulatory healthcare services largely offset by cuts in a total of 13,000 hospital and nursing care staff. Manufacturing jobs were also in abundance, gaining 28,000 compared to the 12-month average of 12,000. Construction continued its steady hiring trend, adding 22,000 jobs. Growth in the retail industry remained strong, with 27,000 new positions added over the month. The past year has seen nearly 300,000 jobs added to the sector. Employment in the information sector changed little, gaining around 2,000 jobs, following last months addition of around 10,000. Employment Situation Report July 2014