Try to glean anything out of the 24/7 media spin regarding the economic outlook for the next year and it will be one word: recession, recession, recession.
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It may sound counterintuitive, but with the possibility of a recession looming, your company’s hiring decisions are more important than ever. While others downsize, you could be adding top talent that helps you ride out the business storm ahead.
The U.S. economy faces a multitude of challenges including the continuing COVID-19 pandemic, spiraling inflation, and worldwide supply chain issues. Add to that list a lack of skilled tradesmen in the workforce that has industry experts concerned.
The economy and markets are constantly changing. While past markets can definitely be used to construct probabilities, they don’t stay the same. Over time, the primary market players shift, regulations change the operating rules, market territories grow and shrink, and new services and products become gamechangers.
The recent pandemic had a massive effect on society, and not just from a health perspective. Thousands of people working remote re-evaluated their career, what they were doing, and where they wanted to be in life. That in turn triggered what has become known in the early 2020s as the Great Retirement, a wave of separations across many industries where people triggered their retirement or decided to leave early for a different path.
Company Culture has always been important to the success of your organization, but it may be more important than ever.
Light industrial jobs generally require less experience and training than other sectors, but skills assessment tests can be useful to successfully match applicants with the right employment opportunities.
Employers fulfilling light industrial staffing orders, especially those on the most demanding shifts, must pay close attention to details such as common sense problem-solving, ability to function with minimal supervision, and workplace attitudes towards issues such as punctuality, safety and drug use.
A lot has been said about diversity and inclusiveness. But it can't be treated as just another box to tick. There are real reasons to value workplace diversity and inclusion — and there's more to support than just being open to it.
Why are Diversity and Inclusiveness Important?
Apart from the obvious social and humanitarian aspects of diversity and inclusion, there are very real business-related reasons to value them. Diversity and inclusiveness fuel innovation. When you welcome everyone to the table, you also welcome all points of view to the table. And these points of view might have radically better and interesting ways of solving problems.
Employers tasked with recovering from the economic blows of the COVID-19 pandemic are faced with the tightest labor market in memory with a record number of Americans quitting their jobs in August.
The U.S. Bureau of Labor Statistics “Job Openings and Labor Turnover Summary” released on Oct. 12, 2021, showed a record 4.3 million voluntary left their jobs in August, up from 4 million that quit their jobs in July.
Florida is poised to lead the U.S. economy in 2021 as the state and nation look to recover from the COVID-19 pandemic. In Florida TaxWatch’s 2021 economic preview, the state’s Real Gross State Product (RGSP) was projected to grow this year at an uber-healthy 4.9 percent clip.
That growth would out-pace other bellwether states such as Texas (4.0 percent) and the U.S. as a whole (3.6 percent). The nearly 5.0 percent growth rate would be some 1.5 percent ahead of the state’s 2015 to 2019 annual growth, which averaged 3.4 percent.