Wages are on the rise due to unfilled jobs in the U.S. being at their highest level since 2001. The Labor Department stated the number of employer job openings stands at nearly 5 million positions. According to Twitter handle, @crresearch (Credit Suisse), as unemployment declines, wages begin to rise (see chart). Wages have only grown 2% in the last year but are now on an upward trend because of the tightening employment market. The US workforce hasn’t seen a healthy, 4% wage growth since 2007, which is imperative in keeping up with inflation.
Employers who want to attract and maintain a better workforce, need to think outside the box. Employees need to be appreciated and like what they do or they will move on. Fifty-One Percent (51%) of workers are actively looking for, or open to, a career move (source: Jobvite). To combat this tendency, one of HR’s client’s Plant Manager has been cooking lunch for his workers. This manager will be joining HR Associates at a Best Practices in On-boarding conference at Bowling Green State University in November. Having non-stop orientations and training of new recruits is a tremendous drain on any company’s resources.
Proactive workforce management is a necessity in this digital information age. America’s workforce, because of Social Media , is more connected than any other time in our nation’s 238 year history. According to Jobvite’s annual survey, 52% of jobs seekers, use Facebook in their search. Social Media & Google have given even the least academic of us, the power to improve their position with just a few key strokes.
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