The Herman Trend Alert|
March 9, 2005
Feeling the Pinch
Employers are beginning to feel the tight labor market. Our ongoing research with a wide range of employers throughout the United States and in a number of other countries confirms that finding, recruiting, and hiring qualified people is becoming more challenging. Stories we hear move us to say, "MUCH more challenging."
The number of job openings is increasing---at all levels. Recruiters are more aggressive now, seeking qualified people to work as executives, managers, technicians, production workers, salespeople, drivers, mechanics, and many other jobs. One FORTUNE 500 company has 7,000 openings; another needs 8,000 over the next six months. Retained search firms have difficulty finding qualified senior executives.
Human resource professionals report noticeable increases in employee departures. In several cases, we heard stories about several people leaving at once in pre- planned team resignations. Some angry workers want to make a statement; they want their employers to know that they are not happy with the way they have been treated during the past four years.
Electronic job boards report a significant increase in the volume of resumes. Aside from Monster's campaign to gather more resumes with a $50,000 prize incentive, the flow has grown considerably. Activity in the employment market is much stronger than it was just a couple of months ago. The difference is obvious. That change is important for trend-watchers who forecast future conditions. We confirm our forecast that this year will see unprecedented employee turnover and serious shortages of skilled workers.
Data from the US Bureau of Labor Statistics reinforce this trend. This agency reports that total domestic employment enjoyed an almost steady climb from February 2004 to January 2005, rising from 138,334,000 to 140,241,000: 1,907,000 people gained employment in less than a year. These seasonally adjusted statistics cover all employed persons ages 16 and over. Under these circumstances, increased attention to changing jobs is not surprising.
This phenomenon is not limited to the United States. The same challenges are being experienced around the world. Our contacts in other countries report that employers in their regions have trouble filling positions requiring skills and leadership ability as well.
© Copyright 1998- by The Herman Group, Inc. -- reproduction for publication is encouraged, with the following attribution: From "The Herman Trend Alert," by Joyce Gioia, Strategic Business Futurist. 336-210-3547 or http://www.hermangroup.com. To sign up, visit http://www.HermanTrendAlert.com. The Herman Trend Alert is a trademark of The Herman Group, Inc."
LOOKING TO RAISE YOUR STATUS? Advance your status, power, and ability to close big-money deals. Create the ultimate positioning as a world class leadership speaker and trainer when you participate in the 4-day West Point Leadership Speakers Academy, October 6-9, 2016. ¬†At West Point, you will network with, learn from, be inspired by, and mastermind with some of America's top leaders, while you mint million-dollar marketing assets to propel your career forward as a leadership speaker. Be forever transformed as a leader in your life, your business, and your¬†mission on this earth. For more information (and to see if you qualify), email Sponsor@SpeakToLead.org .
IS YOUR COMPANY NOT MEETING EXPECTATIONS? When organizations are not meeting expectations, a breakdown in business relationships is often the cause. If you have been thinking about what to do, we have your solution: The folks at HealThruWords.com, who have attracted hundreds of thousands of followers for their quotations and meditations, have now created a unique 4-week corporate program---just for you and your team! The first three weeks are in the comfort of your own home or office with group and individual support and the last week is onsite at a spa in beautiful Sedona, Arizona. Space is limited. Visit http://healthruwords.com/program?affid=14. Your bottom line will be glad you did!
ENJOY HIGH LEVEL WEBSITE SECURITY AT A FRACTION OF THE PRICE
TROUBLED BY RISING EMPLOYEE TURNOVER?
REMARKABLE FOOD SUPPLEMENT TO SUPPORT YOUR HEALTH
To read this Herman Trend Alert on the web: http:// www.hermangroup.com/alert/archive_2-10-2016.html.
Herman Trend Alerts are produced by the Herman Group, strategic business futurists, Certified Management Consultants, authors, and professional speakers.
New subscribers are welcome. There is no charge for this public service. The Herman Trend Alert is read by over 30,000 people in 87 countries, including other websites and printed periodicals. Do you enjoy receiving this weekly e-mail update? Contact us about our co-branded Herman Trend Alert service. Click here to sign up for the Herman Trend Alert.
7112 Viridian Lane
Web site design by WebEditor Design Services, Inc.