TalentZök

Imagine getting top-notch talent with just a snap of your fingers. Oh, wait, you can! Our Temp and Temp to Hire services are available nationwide, and for a limited time, we are thrilled to offer you an unbeatable deal. Drumroll, please... 🥁 If you place a new Temp order outside of California by September 1, you'll get a whopping 8 hours FREE on a 40-hour assignment! But hurry, this offer won't stick around forever. Ready to place an order? Shoot us an email or give us a ring at 858-487-0507 P.S. Don’t forget to claim your coupon! https://loom.ly/yKeinWM #TalentZok # SimplyBiotech #Temp #TempToHire #Jobs #Hiring #Recruiting #Amazing #Deal

We have seen a significant trend of companies relocating to #Texas in recent years, with #California leading the way in relocations. The article below from Forbes gives insights into this trend. Michael Brooke, a member of our DFW team has lived physically in both Texas and California, and understands the nuance and market of both states. If your company is #hiring and could use the support of seasoned professionals that have lived in both worlds, reach out to Brooks to leverage their expertise. #californiatotexas #business #forbes #hiring #talentzok

Great insight into the business of hiring in the Manufacturing sector from our resident all things Texas, staffing manager, Michael Brooke. Check it out!

Alright candidates, you're up! We'd like your take on what factors you look at when considering a new opportunity. We want to give our clients the best possible way to secure top talent, so take a moment to take our poll so we can share your input with them! #talentzok #employees #hiring

Today Travis continues his series on employee engagement talking about giving employees the ability to create, innovate and dig into their intrapreneurial side. Allowing employees to feel like they can be a part of what the company is building can go a long way in the work culture of your business. #tuesdayswithtravis #employeeengagement

The #manufacturing industry as a whole is facing a variety of challenges when it comes to #hiring the right people. There are an estimated 500,000 jobs open at any given time in manufacturing, and yet employers continually report difficulty in attracting and retaining talent. At this pace, the manufacturing industry could see up to 2.1M vacant positions by the year 2030. If you need help identifying talent in manufacturing, reach out to us! We have extensive experience supporting growing manufacturing teams across all verticals throughout the US. Read more about the current challenges in the Deloitte report below. 

Part two of employee engagement! How do you include your employees in the company narrative? Employees should know what role they play in building the company. Being sure everyone is on the same page, feeling connected through a common goal is how you keep employees feeling like a part of the story. #tuesdayswithtravis #employeeengagement #partofthestory

The US Chamber of Commerce has published data surrounding labor shortages across the US. Early retirements, adjustment to single-income households, and lack of immigration to the United States stemming from the early days of the COVID-19 pandemic in 2020 have led to a smaller pool of workers in general. Industries more significantly affected by this shortage include Professional & Business Services, Hospitality, Durable Goods Manufacturing, and Finance. Location also plays a role, with some states experiencing stronger pain points than others. There are an estimated 8.1M jobs open nationwide, with only 6.8M unemployed workers. While looking for work can be challenging in 2024, there are still companies that are #hiring. If you are a candidate looking for work or a company looking to hire, reach out to us! We specialize in identifying and placing top talent across various industries nationwide and would love to help! #hiring #laborshortages #unemployment

Employment Situation Part 2! Neutral News: Unemployment Ticked Up to 4.3%   The unemployment rate climbed from 4.2% to 4.3%, its highest since October 2021. Under normal circumstances, an increase in the unemployment rate might be alarming. But in this case, the uptick was primarily the result of more people entering the workforce, rather than a meaningful loss of jobs—and more people entering the workforce is generally considered a positive indicator.   Historical context is also useful: let’s not forget, despite gradually increasing over the past year, the unemployment rate it still hovering near historic lows.   Neutral News: 114,000 New Jobs Were Added in July   What’s most interesting about 114,000 new jobs isn’t that economists missed their predictions—yet again. What’s most interesting is that the addition of 114,000 new jobs is being reported with such doom and gloom.   We saw similar headlines following April’s job report. But as we wrote in May, that “cooling job growth” still exceeded the prior 80-year average by 40%. And across the United States, there were still 8.5 million open jobs with just 6.5 million people unemployed.   All that said, we do think this month’s jobs report reflects a genuine cooling of the labor market. But it’s a market that has been far too hot, for far too long. In many ways, a cooling market will create more opportunities for the most highly competitive jobseekers and employers—which is why we don’t consider this bad news.   Bad News: The Stock Market Selloff Continues   Although large cap indexes were probably due for a market correction, the apocalyptic news headlines accompanying this week’s selloff will undoubtedly impact sentiment. As a result, a few weeks of bad performance and grim headlines might (temporarily) deter both employers and jobseekers.   But what about our teams at TalentZök, Simply Biotech and Defense Search? Well, we aren’t worried. We’ve operated continuously across three decades, and we’ve weathered multiple recessions (including the 2008 financial crisis) and a global pandemic. In fact, we’ve often found that our service is valued most highly during these periods.   Conclusion: The Best of Times, the Worst of Times   Over the years, we’ve cautioned employers against reading too much into any single piece of monetary or economic news. Employers and jobseekers are diverse, and bad news for one person or company can be good news for another.   In fact, across three decades, our busiest times have always overlapped with periods of economic duress. The only constant is that employers who are proactive are the ones who secure the best talent. If you are a proactive employer who wants advice on hiring process or recruiting, please contact us. We’re always happy to help. #talentzok #employmentsituation

We don’t know about you … but we feel overwhelmed! So much so, we had to split our thoughts on the employment situation in two parts!   This week we’ve been inundated with a slew of monetary and economic news—from the Federal Open Market Committee (FOMC) meeting, to the jobs report, to the ongoing (as of this writing) stock market rout. In this month’s edition of The Employment Situation, we’ll try to untangle the good news from the bad.   To be clear, those of us at TalentZök, Simply Biotech and Defense Search are not economists—not even close. But we are on the front lines of the labor market. We engage thousands of employers and jobseekers each week across a range of industries. As a result, we’re in a position to give our clients real-world context to financial headlines.   Let’s dive in.   Bad News: FOMC Didn’t Cut Interest Rates in July   The Fed’s core interest rate has held steady at 5.25%-5.50% since July 2023 (following 11 straight increases). This is a 23-year high. Despite much handwringing, the FOMC declined to cut rates in July. While optimists held out hope for a July cut, most experts expected the FOMC to exercise restraint—which it did.   Good News: Interest Rate Cuts Are Likely in September   This is wonderful news for many of our clients—especially those in the life sciences, biotech, aerospace and manufacturing industries. In fact, if you work in these industries, declining interest rates might be the only news you care about in this report.   The life sciences and biotech industries, in particular, are heavily dependent on external investment at multiple stages in a drug or product’s development. When interest rates increase, it’s harder to secure necessary investment because investors prefer to leave their money in lower-risk alternatives. But when interest rates fall, it encourages investment in innovation and product development. This spurs on hiring in these industries.   Good News: Inflation is Slowing   On Wednesday, the FOMC noted that core inflation is finally approaching the Fed’s 2% target. Inflation hurts our clients by increasing the cost of raw materials and labor, so slowing inflation is welcome news—particularly for our clients in the life sciences, biotech and manufacturing industries. We expect some clients to modestly increase production (and hiring) as a direct result of slowing inflation.   Good News: Wage Growth is Slowing   Wage growth has put a considerable strain on employers over the past several years. Small and mid-sized companies have struggled to keep pace with rising wages. While higher wages feel good to employees, they can compress the labor market over time, making it more difficult to find a job that people actually want.   The FOMC noted declining wage growth as a factor in slowing inflation, and the committee’s view was supported by today’s jobs report. Average hourly earnings in July increased by just 0.2% for the month and 3.6% from a year ago. (end part 1)