{"id":414,"date":"2006-11-03T09:48:57","date_gmt":"2006-11-03T15:48:57","guid":{"rendered":"http:\/\/selectmetrix.com\/blogs\/?p=414"},"modified":"2006-11-03T09:48:57","modified_gmt":"2006-11-03T15:48:57","slug":"full-employment","status":"publish","type":"post","link":"http:\/\/selectmetrix.com\/blogs\/2006\/11\/full-employment\/","title":{"rendered":"Full Employment"},"content":{"rendered":"<p>Well, <a href=\"http:\/\/abcnews.go.com\/Business\/wireStory?id=2626219&#038;CMP=OTC-RSSFeeds0312\" target=\"_blank\">the latest unemployment numbers are in<\/a> and they indicate that, as a nation, we are basically at full employment.  The new unemployement number is <strong>4.4% &#8211; a drop of .2% from last month and a 5-year low<\/strong>.  Sourcing is going to be even more of an issue for companies.  We are seeing this in our business as we have extended our sourcing times while doubling our efforts.  If you aren&#8217;t using multiple channels for sourcing, you are going to find long lead times on strong candidates.<\/p>\n<p>The second part of the equation is compensation:<\/p>\n<blockquote><p>Workers&#8217; average hourly earnings climbed to $16.91 in October, a sizable 0.4 percent increase from September. That increase was bigger than the 0.3 percent rise economists were expecting. <strong>Over the last 12 months, wages grew by 3.9 percent<\/strong>.<\/p><\/blockquote>\n<p>We have experienced this fact also as candidate compensation expectations are on the rise.  There are many good jobs available with strong compensation packages.  As you go to market to hire, expect a strong demand from candidates in regards to overall packages.<\/p>\n<p>You know, for all the dire predictions I keep reading about the economy, it certainly seems to be cruising along at a strong clip.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Well, the latest unemployment numbers are in and they indicate that, as a nation, we are basically at full employment. The new unemployement number is 4.4% &#8211; a drop of .2% from last month and a 5-year low. Sourcing is going to be even more of an issue for companies. We are seeing this in our business as we have extended our sourcing times while doubling our efforts. If you aren&#8217;t using multiple channels for sourcing, you are going to find long lead times on strong candidates. The second part of the equation is compensation: Workers&#8217; average hourly earnings climbed to $16.91 in October, a sizable 0.4 percent increase from&hellip; <a class=\"read-more\" href=\"http:\/\/selectmetrix.com\/blogs\/2006\/11\/full-employment\/\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"bgseo_title":"","bgseo_description":"","bgseo_robots_index":"","bgseo_robots_follow":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[20,2,15,5],"tags":[],"class_list":["post-414","post","type-post","status-publish","format-standard","hentry","category-compensation","category-hiring","category-sourcing","category-trends"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p5Oho-6G","jetpack-related-posts":[{"id":549,"url":"http:\/\/selectmetrix.com\/blogs\/2007\/01\/think-sourcing\/","url_meta":{"origin":414,"position":0},"title":"Think Sourcing","author":"Derrick Moe","date":"January 5, 2007","format":false,"excerpt":"From Foxnews.com - Economy Shrugs Off Weak Housing and Automotive Sectors As Employers Add 167,000 Jobs in December. We are encountering extended sourcing cycles right now due in no small part to compensation increases. Employers stepped up hiring last month, boosting payrolls by a brisk 167,000 and keeping the unemployment\u2026","rel":"","context":"In &quot;Hiring&quot;","block_context":{"text":"Hiring","link":"http:\/\/selectmetrix.com\/blogs\/category\/hiring\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":176,"url":"http:\/\/selectmetrix.com\/blogs\/2006\/07\/sourcing-in-minnesota\/","url_meta":{"origin":414,"position":1},"title":"Sourcing in Minnesota","author":"Derrick Moe","date":"July 19, 2006","format":false,"excerpt":"The latest jobs report for our home state shows that Minnesota added the most jobs in a quarter since 1984. Of course, the journalist strangely felt obligated to follow that impressive fact with multiple paragraphs downplaying the incredible growth. Our state unemployment is now down to 3.6% which has affected\u2026","rel":"","context":"In &quot;Hiring&quot;","block_context":{"text":"Hiring","link":"http:\/\/selectmetrix.com\/blogs\/category\/hiring\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1319,"url":"http:\/\/selectmetrix.com\/blogs\/2007\/12\/a-future-shift-in-sourcing-candidates\/","url_meta":{"origin":414,"position":2},"title":"A Future Shift In Sourcing Candidates","author":"Derrick Moe","date":"December 4, 2007","format":false,"excerpt":"Well, the future is now when it comes to this topic.\u00a0 The social network sites are going to have a dramatic impact on finding strong sales candidates.\u00a0 First, this may be slightly off topic, but MarketingProfs.com offers up this article - Facebook: Changing Advertising Forever: At the November 5 launch\u2026","rel":"","context":"In &quot;Sourcing&quot;","block_context":{"text":"Sourcing","link":"http:\/\/selectmetrix.com\/blogs\/category\/hiring\/sourcing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1101,"url":"http:\/\/selectmetrix.com\/blogs\/2007\/07\/the-unacceptable-acceptance\/","url_meta":{"origin":414,"position":3},"title":"The Unacceptable Acceptance","author":"Derrick Moe","date":"July 31, 2007","format":false,"excerpt":"CNNMoney.com has an article that really tweaked me this morning - Help! I accepted a job - can I change my mind?\u00a0 The article is the standard reader mail format with some good advice in the answer section. An offer letter - which is usually a brief document describing your\u2026","rel":"","context":"In &quot;Hiring&quot;","block_context":{"text":"Hiring","link":"http:\/\/selectmetrix.com\/blogs\/category\/hiring\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":227,"url":"http:\/\/selectmetrix.com\/blogs\/2006\/08\/telecommuting-trend\/","url_meta":{"origin":414,"position":4},"title":"Telecommuting Trend","author":"Derrick Moe","date":"August 11, 2006","format":false,"excerpt":"We have discussed telecommuting on many occassions and this morning's JustSell.com email referenced this survey. Some points of data to consider: While only 23 percent of U.S. employees work from home or are given that option, most of the work force (59 percent) believes that telecommuting at least part-time is\u2026","rel":"","context":"In &quot;Sales Management&quot;","block_context":{"text":"Sales Management","link":"http:\/\/selectmetrix.com\/blogs\/category\/sales-management\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2327,"url":"http:\/\/selectmetrix.com\/blogs\/2010\/05\/heart-attack-hiring\/","url_meta":{"origin":414,"position":5},"title":"Heart Attack Hiring","author":"Derrick Moe","date":"May 4, 2010","format":false,"excerpt":"The company name listed in a sales ad I read this morning: Type A personalities wanted","rel":"","context":"In &quot;Anecdotes&quot;","block_context":{"text":"Anecdotes","link":"http:\/\/selectmetrix.com\/blogs\/category\/hiring\/anecdotes\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_featured_media_url":"","_links":{"self":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/414","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/comments?post=414"}],"version-history":[{"count":0,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/414\/revisions"}],"wp:attachment":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/media?parent=414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/categories?post=414"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/tags?post=414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<!-- WP Super Cache is installed but broken. 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