Today, new technology and process improvements can sharply truncate the length of time it takes for employers to hire employees. Through their online hiring systems, leading employers are compiling databases organized by candidates’ skills. This allows for automated matching of talent supply and demand. Once an employer identifies the skills and competencies it needs, it
How’s this for a glimpse of the future? For the next eight years, the labor market will continue to shrink, and your company will increasingly come to resemble a temporary employment agency. Bright, restless recruits who believe they have nothing more to learn from your firm will move on to other employers; your seasoned managers
WASHINGTON — Employers shrugged off worries about the U.S. economy downshifting, adding a whopping 271,000 non-farm jobs in October and raising worker pay in the process. The unemployment rate in October dipped slightly to 5 percent, and measures of stress in the job market continued improving, the Labor Department reported Friday in a solid monthly
