The job market in America is facing a new challenge. We are experiencing an unemployment drop that has not been seen in 48 1/2 years.

The Labor Department states: “Initial claims for state unemployment benefits dropped 8,000 to a seasonally adjusted 207,000 for the week ended July 14, the lowest reading since December 1969.”

With the lower unemployment rate, one would assume that the job market is limited, however this is not the case. In fact, within the past six months, the United States has created around 200,000 jobs per month, leaving around 6.6 million jobs currently unfilled. With the flux of technology advancements, intercommunicative installments and AI manufacturing, companies are creating new job titles but finding it extremely difficult to hire qualified candidates to fill them. But with this, how can companies stay ahead of the curve? Through stretching boundaries of the archaic recruiting model currently instilled within the American workforce, companies can still come out on top in the extremely competitive but highly lucrative economy. In the following article we will delve into the core necessities to developing a high performing team with the current state of American economics.

Hiring Creatively:

Let’s face it, the American job market is currently in a state occupied with uncommon circumstances. The job market is wide open but the labor is few and far between. Since the competition is so high, companies across all industries are going through great lengths to find the most qualified candidates in the market. Now more than ever candidates have the ability to negotiate their terms and conditions when offered a job. Offering relocation, better benefits or the ability to work remote are just a few new hiring approaches companies are using to attract the most desirable candidates. However, even with these methods, hiring still remains a challenge not all companies have figured out.

Think Passively:  

As employment pools become saturated with underqualified candidates, one way to stand out amongst other employee-seeking companies is through the oldest trick in the book, true to form head hunting. Passive candidates are individuals who are currently employed and not actively seeking a new job, yet could be open to new opportunities. Passive candidates can be found in abundance on Social Media sites like LinkedIn. These professionals may be harder to persuade, but they are definitely qualified and understand their value. If a better offer than their current situation is thrown their way, it could be difficult for them to refuse. Unfortunately, this process hits a low success rate without the appropriate help and proper training within the recruiting industry.

Use Resources:

The most effective strategy to successful hiring is to utilize staffing and consulting agencies. Experienced recruiters understand the industry, know where to find the perfect fit and are eager to fill the positions as soon as possible. In addition, boutique staffing agencies have senior level recruiters who are more interested in client satisfaction than meeting a quota. Remy Corporation has been around for 19+ years and we can find the right candidate for your business in this competitive market within 48 hours.

Based on the unemployment statistics that we are currently seeing, and the “Made in America” notions we are passing through our government, the United States will continue to see a significant change in our job market as well as increased competition for qualified workers. Successful hiring lies in these three strategies, however if you use a staffing agency, you can skip the first two and find success much more effectively and efficiently.