Market Updates




Archvied Articles from Ultimate Placements and MRI Network



Have you modernized your employee review practices? Traditional business practices are being shaken up. Many companies are reviewing their long-held traditions in favor of more agile, responsive ways of managing workers. Some of these changes include providing employees with flexibility to work from home more often, and leveraging technology like Skype for Business or Yammer to better communicate and share information among team members and even the entire organization. One area experiencing a large transformation is performance reviews.   Read full Article - Download PDF [110 KB]

December 2017



Finding Right-Fit Candidates through Social Media It's no secret that employers research job candidates' social media profiles to help them make hiring decisions. In fact, social media presence has become vitally important in the hiring process. According to the MRINetwork 2017 Recruiter Sentiment Study, over 80 percent of employers and 90 percent of recruiters review social media profiles sometimes or all of the time for insight on candidates.   Read full Article - Download PDF [167 KB]

November 2017



Preparedness for Impending Boomer Retirements Nine years ago, the first of 78 million Baby Boomers turned 60, and 2008 was supposed to see a huge number of retirements. When the first Baby Boomers began to draw benefits, the Social Security Administration dubbed it the start of "America's silver tsunami," but then the economy faltered, housing values plummeted, retirement portfolios shrank, and seniors who thought they had planned for financial security decided to postpone retirement for a few years. Now the economy is strong once again, candidates are in the driver's seat, and statistics are coming in from a variety of industries saying that large numbers of their senior management will be retiring soon.   Read full Article - Download PDF [181 KB]

October 2017



Employer attitudes on traditional degrees vs. online degrees The working world has changed: No longer must job candidates have traditional four-year degrees to be considered for professional positions. Not only has online education become more popular, it has also become more sophisticated, with virtual learning experts developing immersive, dynamic online courses that are as valuable and informative as their on-campus counterparts.   Read full Article - Download PDF [169 KB]

September 2017



Working From Home - How Important Is It? Recently, some large companies have curtailed the ability of their employees to work from home, now asking staff to work in corporate offices. These changes are focused on driving increased collaboration, creativity, mentoring and innovation, but may alienating top talent in the executive, managerial and professional labor market - a sector that has been candidate-driven and challenged by talent shortages for the last few years.   Read full Article - Download PDF [220 KB]

August 2017



The Recruiter's View: Top Hiring Insights of 2017 According to a June New York Times article, "We may be closer to full employment than it seemed." Based on the May jobs report, the source asserts the possibility that this is as good as it will get for the United States labor market. Why? Slowed job growth with 121,000 new positions as the three-month average, and an all-time low of 4.3 percent for the unemployment rate - not because of more people finding work - but because of modest wage increases and a labor force that has been shrinking for the last few years.   Read full Article - Download PDF [303 KB]

July 2017



Retain Your Clients by Retaining Your Employees Suppose you have a client who deals with a specific representative within your organization on a regular basis. Then that client starts to see multiple employees being funneled through that position. Every time the client contacts you, they're dealing with a new person. What does this say to your client about your company? Countless negative things can be inferred from a high turnover rate, which often results in the loss of your clients to another company they perceive as better managed and more reliable.   Read full Article - Download PDF [179 KB]

June 2017



How to Avoid Costly Hiring Mistakes In today's highly competitive job market, businesses can't afford to take a lackluster approach to recruitment and hiring. Not only can a bad hire lead to costly turnover, but it can also negatively impact the organizational performance of a business and, therefore, its bottom line.   Read full Article - Download PDF [189 KB]

May 2017



Revamp Your Playbook to Attract Top Talent in a Tight Candidate Market Late 2015 was the most difficult hiring period in four years, according to the Society for Human Resource Management (SHRM), and things have only become harder for businesses both large and small, especially in the realm of professional and managerial positions. With the BLS reporting an unemployment rate down to 2.1 percent for this segment of the workforce, competition for candidates is accelerating. In fact, a report issued by the National Federation of Independent Business indicates that the share of small businesses with few or no qualified applicants for job openings hit a 17-year high in November.   Read full Article - Download PDF [216KB]

April 2017



Getting the most out of your interview process Many candidates can interview well - but that doesn't necessarily mean they're the right person for the job. There are ways that you can improve your company's interview process to get a better sense of whether or not a candidate will be the right fit. At the same time, you can use the interview process as a way to market your company as a great place to work.   Read full Article - Download PDF [164 KB]

March 2017



Aligning Performance Management with Career Pathing Often employees leave their jobs because there is no clear path for them to advance, or they are not sure how to rise to the position they desire. Career pathing is a great way to increase employee retention and grow talent organically, because it provides both employees and employers with a clear roadmap, outlining what it takes for workers to move from their current position to where they want to be. It also empowers employees to take ownership of their career performance within the company and aligns their career goals with the strategic goals of the organization.   Read full Article - Download PDF [194 KB]

February 2017



Millennial Insights for the 2020 Labor Market As we move towards the 2020 workforce, companies face an interesting demographic dynamic in terms of talent acquisition - a workforce comprised of Millennials, Gen Xers, Baby Boomers and Traditionalists. While each of these groups has their own generational differences, the most notable are the expectations and approaches to work from Millennials, who are projected by 2020 to make up 50 percent of the workforce.   Read full Article - Download PDF [297 KB]

January 2017



Six Top Workforce Trends for 2017 Successful businesses adapt to new market demands, the changing workforce and ever-evolving technology. They have to - companies that don't adapt fail. Understanding the trends that are driving change, creating talent challenges, and offering potential solutions can help pave the way to adaptability and success.   Read full Article - Download PDF [172 KB]

December 2016



Are Your Hiring Processes and Brand on the Same Page? When running a business, it's important to try to be as transparent and authentic as possible. Doing one thing - but meaning or saying another - can have significant, negative implications for your organization, especially when it comes to recruiting and retaining top talent. Unknowingly presenting conflicting messages throughout the interview process can hurt your company brand, and detract from its ability to attract and hire the best candidates.   Read full Article - Download PDF [166 KB]

November 2016



Workforce Planning: Does your company have the bench strength to sustain top performance? In sports, a team's success is linked to its bench strength - the players on the bench who can seamlessly jump in and replace a player who is pulled due to injury or some other reason. Professional football teams don't go into games with only one quarterback and baseball teams have players on the bench in case someone goes on the disabled list. It should be the same in business, where bench strength refers to the capabilities and readiness of potential successors to move into key professional and leadership positions.   Read full Article - Download PDF [216 KB]

October 2016



Not Receiving Enough Quality Applicants? It's Likely Your Employer Brand. Your company is hiring, which means you've likely done the groundwork and communicated the job opening externally. So why aren't there more A-player candidates knocking on your door? A recent LinkedIn survey of 26,000 professionals found that the main reason people don't apply to a job is because they don't have enough background about the company or even the position itself. If your company isn't able to attract suitable candidates, it's likely that your employer brand is lacking. Effective employment branding is able to attract even those who are not actively looking.   Read full Article - Download PDF [168 KB]

September 2016



Isn't it Time to Declutter Your Hiring Process The life-altering magic of decluttering and refocusing have been frequent discussion points lately, with experts weighing in on how to create the best possible environments for living and working. Many companies could also benefit from applying the principles of decluttering to their hiring processes. If your company hasn't examined the recruitment-to-onboarding process in a while, it may be time to revisit these procedures to eliminate steps that may be slowing the process.   Read full Article - Download PDF [164 KB]

August 2016



The Simple Yet Powerful Retention Tactic that Won't Cost Your Company a Dime In today's work culture where paternity leave, free snacks and on-site daycare have become more common, formulating the right package of perks and benefits for your employees can be difficult. Glassdoor research indicates 57 percent of people place benefits and office perks at the top of their list when considering a new role. However, research has also shown that employee satisfaction within the workplace is more strongly correlated to elements such as senior leadership, company culture and values and opportunities for growth.   Read full Article - Download PDF [162 KB]

July 2016



5 Hiring Mistakes That May be Hurting Your Employer Brand Throughout 2016, despite some contractions in the labor market, hiring has continued to increase. Within the last 12 months through April, an average of 232,000 new jobs has been added each month. Many companies are focused on expanding, but are finding it difficult to locate enough skilled talent, especially in the executive, managerial and professional job market. In this sector, which is candidate-driven, employers continue to lose great candidates who are accepting other job offers. So as a hiring authority, what key mistakes could you be making that might be damaging your employer brand?   Read full Article - Download PDF [166 KB]

June 2016



People Analytics: The Big Data of the Employment World What if high tech companies knew why top engineers quit and how to build work environments that would get people to stay? What if product companies could analyze the demographic and experiential factors that correlate with high-performing sales people? What if healthcare companies could determine why certain hospitals have higher infection rates and what people issues are behind these problems? Today these outcomes are being achieved through the use of people analytics, providing leaders with keen insight into employee behavior that is needed to make critical workforce decisions.   Read full Article - Download PDF [178 KB]

May 2016



Improving Employee Engagement: It Starts with Managers Staff engagement among the U.S. workforce has remained steady at 33 percent over the past few years, according to recent data from Gallup. This is quite low considering that strong employee engagement is the catalyst for company growth and success. Numbers worldwide are even starker, with 87 percent of workers reporting being disengaged at the office.   Read full Article - Download PDF [163 KB]

April 2016



Insightful Hiring: Looking Beyond the Obvious to Uncover Right-Fit Candidates A hiring manager posts an opening, describes the ideal candidate, and resumes come flooding in. After doing some interviews, the manager has to decide who the best person is for the job. Research shows that more often than not, managers pick someone whose qualifications most closely match the exact criteria for the job or whose background is similar to theirs. Using this process, frequently poor hires are made, and competent and qualified people don't get the job - or sometimes even an interview - because they do not fit the preconceived notion of the right fit.   Read full Article - Download PDF [164 KB]

March 2016



Tips for Attracting Candidates by Appealing to What They Value Most The recruitment landscape in the executive, managerial and professional sector remains a candidate-driven market in 2016, and moving forward, companies need to ask not what candidates can do for them, but what they can do for potential hires. To attract the best candidates, companies should broaden their perspectives beyond salaries and benefits and think about what makes their organizations not only great places to work, but enviable ones.   Read full Article - Download PDF [104 KB]

February 2016



What Your Review Process Says About Your Company Culture The holidays have come to an end and companies are ramping up for the new year. While executives are getting ready to roll out new operational plans, strategies and budgets, many employees are preparing for their annual performance review. Although the review process is a necessary part of business, it can be a time-consuming and tedious exercise for both managers and their direct reports.   Read full Article - Download PDF [211 KB]

January 2016



The Recruiter's View: The Labor Market Outlook for 2016 The U.S. labor market continues to expand, and in 2015, 230,000 new jobs has been the monthly average through October. Many companies are in growth mode, focusing on key strategic hires to support this expansion. At the same time, a great deal of attention is being placed on engaging and retaining top performers that will ultimately join forces with new hires to build stronger, more dynamic teams.   Read full Article - Download PDF [300 KB]

December 2015



Attracting Talent with Public Relations Public relations, or PR as it's often called, is something we've all heard of but what does it really mean? Frequently companies think that PR should be leveraged to promote company news; everything from new hire announcements, office openings and website launches, to new products or services, and mergers and acquisitions. While some of these events may be deemed newsworthy, PR is most powerful as a tool to raise a company's profile, communicate the brand and culture, and continually position internal experts as industry thought leaders.   Read full Article - Download PDF [105 KB]

November 2015



Leveraging Modern Communication Methods to Engage and Build Company Culture Your organization has accomplished the hard task of attracting and bringing A-players on board. Now how do you keep them? That's a question that companies face more and more, as confidence builds in the labor market, and top performers feel more comfortable about making job moves.   Read full Article - Download PDF [107 KB]

October 2015



Does Your Company Have the Cool Factor? Every organization wants to be considered a "Best Place to Work" in order to attract and retain top talent, yet there is no cookie cutter formula for achieving this. Many factors go into making your company a great place to work such as company culture, employee benefits, and other perks. One thing that remains constant among the most desirable employers is the "cool" technology factor.   Read full Article - Download PDF [165 KB]

September 2015



Do Your Employees Have the Sunday Night Blues? Weekends are supposed to be for enjoyment and relaxation, essentially a time to unwind from the busy work week. Most importantly, weekends provide us with time to focus on our personal lives, creating balance between work, friends and family, and pleasure. However, what happens when weekend fun comes to a close and starts to turn into Sunday night blues?   Read full Article - Download PDF [105 KB]

August 2015



The Recruiter's View: Candidate-Driven Market is Impacting Hiring More Than Ever Before Despite some challenges during the winter months, U.S. employment has experienced consistent growth in 2015, with 251,000 new jobs as the monthly average. Many companies are expanding their teams, but are finding it difficult to recruit, especially in the executive, managerial and professional job market. In this sector, which is candidate-driven, employers continue to lose great candidates who are accepting other job offers.   Read full Article - Download PDF [121 KB]

July 2015



Leveraging Diversity Recruitment as a Branding Strategy Diversity recruitment programs have long been a means of promoting inclusion and tolerance, and upholding anti-discrimination regulations that began with the Civil Rights Act of 1964. We're all familiar with the standard EOE statements and diversity quotas that exist at many organizations. However, in today's work environment, companies are beginning to look at how they can leverage fresh perspectives on diversity as a branding strategy to recruit and retain top talent.   Read full Article - Download PDF [104 KB]

June 2015



What Red Flags Could Your Team Be Giving Off in the Interviewing Process? During the typical interviewing process, most companies focus on identifying red flags and weeding out candidates who are not ideal. While this is a necessary practice, employers should also give consideration to the red flags their team members could be waving, and how this may be deterring future hires.   Read full Article - Download PDF [138 KB]

May 2015



What's Your One Hiring Rule? Facebook CEO Mark Zuckerberg was recently quoted as saying "I will only hire someone to work directly for me if I would work for that person. I think this rule has served me pretty well ... Facebook is not a company for everyone in the world." This is apparently Zuckerberg's one absolute for hiring. Regardless of whether you agree with Zuckerberg, consider your one hiring rule, or even your top three, and how they have impacted the success of your business.   Read full Article - Download PDF [166 KB]

April 2015



What Office Space Says About Company Culture and Employee Engagement Over the last few years, the image of desirable office space has changed considerably. The goal of rising through the ranks to earn a big corner office is increasingly becoming a thing of the past, as many companies shift from designated offices and cubicles to open workspaces.   Read full Article - Download PDF [138 KB]

March 2015



The Importance of Career-pathing and Mentoring in 2015 2014 came to a strong close, with U.S. employment reaching a 12-month average of 246,000 new jobs and unemployment dropping to 5.6 percent. Confidence is growing in the labor market and as a result, many companies plan to hire throughout 2015.   Read full Article - Download PDF [140 KB]

February 2015



Social Media and Mobile Recruitment: Where It's Headed in 2015 In 2014, we discussed the importance of social media engagement and mobile recruitment, to create brand awareness and attract top candidates. These trends have continued to be valuable tools in the recruitment process, reflecting a shift toward a more candidate-centric hiring and retention approach.   Read full Article - Download PDF [181 KB]

January 2015



The Recruiter's View: Candidate-Driven Market to Present Retention Challenges in 2015 Among Top Performers U.S. employment had its challenges during the winter months of 2014, but throughout most of the year we've experienced consistent growth as 222,000 new jobs has become the 12-month average. Despite the fact that many companies are in growth mode, retention is increasingly problematic.   Read full Article

December 2014



Looking at the Job Interview through a New Lens Most companies conduct job interviews as a series of one-on-one conversations between pre-screened candidates and key decision makers. The goal is to gain more details about the depth of the interviewee's skills, and assess whether they will be a good fit for the role and the company culture.   Read full Article - Download PDF [109 KB]

November 2014



Your Top Salesperson Is Gone - How Could This Have Been Avoided? Attrition is an anticipated byproduct of every business, but when it includes losing key salespeople, the impact can be devastating.   Read full Article - Download PDF [200 KB]

October 2014



Is Your Training Program Attracting or Detracting Candidates? Every organization offers some degree of on-job training, at a minimum during the onboarding process, but the quality of a company's training program can have a direct impact on the level at which employees remain engaged and motivated.   Read full Article - Download PDF [112 KB]

September 2014



Employer Branding: What Are Your Employees Saying About the Company? Employer branding has become increasingly important over the last few years as companies realize they need to better communicate their mission and culture, and be more transparent about business operations to attract top candidates and clients.   Read full Article - Download PDF [249 KB]

August 2014



The Future of Contract Staffing Contract staffing, also known as temporary or contingent staffing, has long been a solution for employers to meet short-term or variable staffing needs, while providing candidates with the opportunity to gain seasonal work or work between permanent positions.   Read full Article - Download PDF [220 KB]

July 2014



The Recruiter's View: Candidates Continue to Drive the Growing Job Market and Retention is Equally Important as Recruitment Over the past few years, recruiters in the executive and managerial space have been observing a shift from an employer-driven market to a largely candidate-driven market.   Read full Article - Download PDF [124 KB]

June 2014