September Newsletter

Even in difficult times, we are a fun bunch. Reach out, we’d love to talk.

As the cool weather is almost upon us, all of us at The Job Exchange are heading into fall with optimism about the current job market. It is clear that we are in an Employee driven labor market, with resignations at an all time high. The article below can help you to understand why this is happening. We see so many more openings than there are candidates available.

And, as a further challenge, candidates are receiving multiple offers, some with an attractive sign-on bonus and flexible work options. Wages have increased 15%-20% at the low end of the pay scale and 5%-10% at the higher end of the pay scale.

You may be wondering what you can do. The most important thing is to be flexible. That is the key to success. For example, if you previously required 3-5 years of experience, consider requiring 1-2 years. Work from home or a hybrid arrangement is certainly a plus to attracting good talent. We have seen companies that require employees to work five days in an office are at distinct disadvantage. Move swiftly and steadily in your hiring process, as the longer it takes, the more chance the process could go sideways. Please read the article below for interview tips.

We know that you might feel overwhelmed and frustrated by the current market. At The Job Exchange, we rely on our combined 40 years of experience to ride the hills and valleys of the labor market. If you want to talk or need some advice, we are here for you.

The Great Resignation of 2021

According to the U.S. Bureau of Labor Statistics, 4 million Americans quit their jobs in July 2021. Resignations peaked in April and have remained abnormally high for the last several months, with a record-breaking 10.9 million open jobs at the end of July. Read on at the Harvard Business Review for an in depth analysis and what employers can do to address this problem.

Watch Out for These Words That Candidates Say During Interviews

Mark Murphy, a New York Times best-selling author, recently wrote a piece about the language candidates use in an interview and how their choice of words can be indicative of their performance. Check out this interesting article here.