As we hit the midpoint of Q3, it is a good time to reiterate some key recruiting trends to keep an eye on as the labor market and economy continue to flourish. If you partner with an external recruiting firm, it is important to make sure they have a finger on the pulse of what is happening with both job candidates and the overall employment landscape. Therefore, we have created a snapshot of some of the trends impacting the recruiting and HR fields at this time. By sharing this information with our client companies, we are better able to express our strategy in locating the best-fit candidates in such a tight market space.
1. The unemployment rate is still incredibly low hovering around 4%. As this trend continues, we will remain in an extreme candidate driven market. New jobs are being created at a historically fast pace, continuing the nine-year-old economic expansion. Good news for the economy, but challenging news when trying to fill these jobs, especially highly skilled, technical positions.