Happy New Year! As 2017 rolls in with a bang, we wanted to share the results of our recent research on hiring trends.
Similarly to last year, hiring trends remain positive, and the labor market in the U.S. continues to look tight for talent. As 10,000 Americans turn 65 every day, a rate that's on track to continue for the next 14 years, attracting and retaining top talent will continue to put pressure on organizations to differentiate themselves, creating a competitive advantage so they can win the war for talent.
The good news is job tenures are getting longer; the Pew Research Center indicates they have ticked upwards in the last 20 years.
- In 1996, less than half (46%) of workers had worked for their current employer five years or more
- In 2014, more than half (51%) of workers had worked for their current employer five or more
The Pew survey also reports interpersonal skills, critical thinking, and proficiency in writing and communication are rated the most important skills for employees doing their jobs, as well as being able to work with people from different backgrounds. Coupled with 88% of employed Americans reporting it's not likely they will be laid off in the next 12 months, training and coaching continues to be a priority this year.
It is evident that employers are investing in employees. At Torchiana, we have experienced a 100% growth in our leadership practice, which includes executive coaching, leadership programs and manager training. As you look at what's next for your organization, please give us a call to discuss ideas for attracting and retaining top talent in this competitive market.
All the Best,
Kristi Rocha & Lynne Saiz