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1. THE LABOR MARKET WILL CONTINUE TO BE TIGHT Despite many layoffs at tech and financial services companies, it appears that workers will still have a higher level of leverage in the labor market next year. One reason is the limited supply of workers due to the decline in the working age population. 2. DIVERSITY, EQUITY… Read more »
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From speaking with CEO’s and Human Resource Directors nationwide for Family Offices, Real Estate and Financial Services Companies, Consumer Products and Construction Companies, we have found the following to be the most significant trends in the job market for 2022 and going into 2023: 4) WORK-LIFE BALANCE- Employees today are looking for a better work-life… Read more »
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Times have changed due to technology and the pandemic. With many employees working from home and on a hybrid basis, employers had to adapt and find ways to interview prospective employees. Today most employers start the interview process by utilizing video conferencing. In many cases the entire interview process is done through video conferencing. The… Read more »
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From speaking with CEO’s and Human Resource Directors nationwide, we have found the following to be the most significant trends in the job market for 2022 and going into 2023: 1) SOCIAL BELIEFS- candidates are looking for employers that have the same social beliefs as they do. These issues may include diversity, racism, gender pay,… Read more »
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The answer is a resounding “yes”. While a number of companies and industries have started layoffs, especially tech and financial service companies, other industries are still in dire need of people. Advertising and marketing, healthcare, retail, food and hospitality, computer (cybersecurity, data science and artificial intelligence) and service companies are still in need of workers…. Read more »
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If you are in the unfortunate position where you are seeing signs of potential layoffs at your company, there are a number of things that you can do to be prepared for them. Here are some of the steps we would recommend: 1) Prepare an updated resume. This should be done with great care and… Read more »
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With inflation out of control, the stock market moving in the wrong direction and interest rates rising, what are the signs of potential layoffs? Companies tend to have job cuts for many reasons, some of which have nothing to do with a worker’s performance. Here are some of the signs that your company may be… Read more »
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We find that the two best times of the year to start a job search are: 1) The beginning of the year (January/February) 2) Fall season right after the summer The reason that the beginning of the year is one of the highest periods of hiring, is that it follows the holiday period and vacations,… Read more »
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The business world is in uncharted territory as it relates to working at the office, at home or on a hybrid basis. While many employers want their employees back in the office, a significant amount of employees prefer to work at home. The Hybrid model can vary from 2-4 days in the office to 1-2… Read more »
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With inflation skyrocketing and government subsidies being reduced or eliminated, you would expect that more and more people would be returning to work. Currently there are over 11MM job openings in the U.S. There are several reasons why so many companies are having a difficult time filling their jobs. 1) The pandemic caused many aging… Read more »