Have you added up the cost of a bad hire at your company? Chances are, it is higher than you think. If you’re going to run the math, there’s a lot more to consider than an individual’s salary. Be sure to include costs related to recruiting, hiring, and onboarding. And the opportunity costs of failing…
The past year of economic growth in the U.S. undoubtedly galvanized expectations among the country’s political and business leaders regarding what the early months of 2019 would bring. Although January brought a massive infusion of new jobs among multiple sectors of the American economy – 311,000 positions, according to the Bureau of Labor Statistics –…
Imagine this scenario: your company is preparing for organizational change now or in the coming months. Maybe you need to restructure in order to drive greater productivity and revenue. Or perhaps change management is necessary at your firm to complete a large merger or acquisition, smoothly and effectively. Regardless of the reason(s) for business transformation,…
U.S. job growth experienced an unprecedented uptick in December, with employers adding approximately 312,000 nonfarm positions throughout the month, according to the Bureau of Labor Statistics’ most recent Employment Situation Summary. Market analysts anticipated a spike of sorts following the underwhelming employment figures recorded in November, during which time American businesses added just 176,000 roles,…
Many companies begin the hiring process looking for qualified job candidates when they should really be searching for job fit candidates. There are big differences between the two. Qualified candidates meet or exceed a position’s required skills and experience. Job fit candidates are qualified, too, but they also match up with a company’s culture. In…
Company fortunes rise and fall quickly in the solar industry, like the open-air cars on a roller coaster. That’s why the people in the industry—especially people working in finance, manufacturing, and project development—call it ‘the solar coaster.’ No single company can grow all the time. But the market has grown pretty much all the time…
Finding the best job candidates for an employer takes hard work, even when it looks like it doesn’t. Here’s an example. A battery manufacturer once approached us for help recruiting a sales professional who has experience supplying batteries to leading auto companies. Now, we’re talking about selling lithium-ion batteries to Ford and General Motors. Not…
The spirited pace of job growth that the U.S. reached in October turned out to be unsustainable for November: In its latest edition of the Employment Situation Summary, the Bureau of Labor Statistics confirmed a total of 155,000 nonfarm payroll jobs created for the month, a decline of almost 100,000 from October’s numbers. NPR pointed…
If you’ve served in a management position long enough, you might remember when executive recruiters functioned as gatekeepers of the talent pool. Top agencies acquired all the best job opportunities for the same reason that OPEC collects the best crude oil purchase contracts. There was no way around them. Technology changed this dynamic with…
The U.S. saw yet another considerable monthly surge in the size of its labor force in June 2018. According to the Employment Situation Summary from the Bureau of Labor Statistics, nonfarm payroll across all American industries added 213,000 jobs during the month. This is slightly less than May’s tally of 223,000 new positions, but a…