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For Employee Retention
KKKnnnooowww YYYooouuurrr PPPeeeooopppllleee
Winter storms may have caused employment to be a bit
sluggish, but as we move into spring, job growth continues to
accelerate. Staff retention is becoming a top priority in 2014
for employers, as confidence builds in the economy and job
market, making companies more vulnerable to losing key
talent. Organizations will have to ask themselves tough
questions about how attractive they are to candidates and
employees, and whether they are doing a good job of
communicating career development opportunities that have
the potential to mitigate costly staff turnover.
According to many recent surveys, employee turnover is
projected to rise significantly as the job market improves.
This means that employers will need to place greater
emphasis on employee retention to complement their
recruitment strategies.
“While companies can develop and deploy a host of retention
strategies focused on engaging staff and strengthening
employee morale, one simple thing they can do is assess
their employees’ perception and awareness of internal
mobility or career-tracking programs,” says Nancy Halverson,
vice president of global operations for MRINetwork.
The recent LinkedIn Exit Survey reveals that there is a
considerable disconnect between employer and staff
awareness of employee mobility programs. According to the
VOLUMEIXISSUE4May2,2014
© 2014 Management Recruiters International, Inc. An Equal Opportunity Employer
MRINetwork®
Pledge
When a key employee unexpectedly resigns, you can
count on your Account Manager at MRI to promptly find
alternatives. Sourcing recruits with proven performance
and direct industry background is our specialty.
survey, HR and talent acquisition professionals
overestimate employee awareness of their internal mobility
programs by more than 2X. Further, respondents in the
US, UK, Australia, Canada and India overwhelmingly say it
is easier to locate an open position outside of their
company, than to be promoted within.
Halverson provides the following tips for building
awareness of internal mobility programs:
 Brainstorm how your organization can develop an
internal mobility program, if one doesn’t already
exist
 Begin discussing internal mobility programs
during the onboarding process
 Leverage and publicize internal mobility programs
through employee referral programs to raise
visibility
 Communicate internal promotions through
multiple internal and external channels to create
stories about employee advancement within the
company
 Routinely assess employee awareness of the
organization’s internal mobility program and
adjust communication channels accordingly
Employee mobility programs have always been a great
tool to encourage staff retention. Now they are
increasingly important as companies face growing talent
shortages due to skill gaps, and more workers begin to
feel confident about seeking other job opportunities.
Halverson adds, “Ultimately, internal mobility programs
should be built into the company culture and employer
branding efforts. Current and future employees should not
only have a clear understanding of the career
opportunities available within the company, but also see
that there are viable paths for advancement.”
Source: Department of Labor
Submitted by: Jim Spellacy, CSAM
Management Recruiters of Cleveland-Southwest
>Experts in Global Search
(330) 273-4300 ext. 102
Jim@MRCSW.com
Call me to help you attract the impact player.
What is an impact player? Click Video
`
Unscrambling the Positve Numbers in the Bureau of Labor Statics Report
© 2014 Management Recruiters International, Inc. An Equal Opportunity Employer
Economists were cautiously optimistic this
morning, as the Bureau of Labor Statistics
(BLS) released its employment data from
April 2014. The findings showed that the U.S.
added more than 288,000 jobs during the
month, well beyond experts' prediction of
210,000. Additionally, the unemployment rate
dipped down to 6.3 percent from 6.7 percent
- the lowest it has been since September
2008.
However, economists argue the positive job
report could be somewhat misleading as the
drop in unemployment is also due to a
decrease in labor force participation.
During the first three months of 2014,
businesses had been reporting slow, yet
steady, growth. While most of the last few
reports indicated slower job growth than
predicted, April's numbers far exceeded
expectations, showing that the nation
continues to see positive job growth.
According to the BLS report, total nonfarm
employment rose by 288,000 workers. USA
Today reported this represents the highest
number of job gains within the past two
years.
Industries that posted
the greatest amount of
new workers included
professional and
business services, food
services, construction
and retail. Professional
and business services
added the most jobs,
with more than 75,000
new positions in April.
The report noted that
this industry had seen
significant growth over
the past 12 months,
adding, on average,
55,000 jobs each
month.
Retail trade grew by
35,000 new workers,
with specific sectors
seeing more growth
than others. Food and beverage stores had
the highest numbers, adding 9,000 workers.
General merchandise, auto dealers and
nonstore retailers also demonstrated positive
growth, with thousands of individuals joining
the ranks.
Food services, construction, health care and
mining posted substantial growth, adding
tens of thousands of new positions during
April. Other industries did not report
significant changes in their employment,
including manufacturing, information,
financial, transportation and government.
Economists were especially shocked by the
low unemployment rate, according to USA
Today. They believed that numbers would
show a much smaller decrease - dropping by
0.1 point down to 6.6 percent.
Reuters cautioned that the actual figure was
indicative not only of the increased
employment, but also of the lower number of
unemployed people actively seeking work.
Russell Price, the senior economist at
Ameriprise Financial, explained to the
source that the
numbers indicated a
strengthening
economy, one that
could not be hampered
by environmental
factors.
"The economy really has
strong underlying
fundamentals supporting
its growth," Price said to
Reuters. "Temporary
headwinds such as the
bad weather can certainly
be managed."
Economists believe that
employment will
continue to rise in the
next few months due to
a combination of higher
demand, greater
expendable income,
spending cuts from the
government and
`
lowered debt.
Provided by MRINetwork www.MRCSW.com |

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First Friday Preview May 2014

  • 1. For Employee Retention KKKnnnooowww YYYooouuurrr PPPeeeooopppllleee Winter storms may have caused employment to be a bit sluggish, but as we move into spring, job growth continues to accelerate. Staff retention is becoming a top priority in 2014 for employers, as confidence builds in the economy and job market, making companies more vulnerable to losing key talent. Organizations will have to ask themselves tough questions about how attractive they are to candidates and employees, and whether they are doing a good job of communicating career development opportunities that have the potential to mitigate costly staff turnover. According to many recent surveys, employee turnover is projected to rise significantly as the job market improves. This means that employers will need to place greater emphasis on employee retention to complement their recruitment strategies. “While companies can develop and deploy a host of retention strategies focused on engaging staff and strengthening employee morale, one simple thing they can do is assess their employees’ perception and awareness of internal mobility or career-tracking programs,” says Nancy Halverson, vice president of global operations for MRINetwork. The recent LinkedIn Exit Survey reveals that there is a considerable disconnect between employer and staff awareness of employee mobility programs. According to the VOLUMEIXISSUE4May2,2014 © 2014 Management Recruiters International, Inc. An Equal Opportunity Employer MRINetwork® Pledge When a key employee unexpectedly resigns, you can count on your Account Manager at MRI to promptly find alternatives. Sourcing recruits with proven performance and direct industry background is our specialty. survey, HR and talent acquisition professionals overestimate employee awareness of their internal mobility programs by more than 2X. Further, respondents in the US, UK, Australia, Canada and India overwhelmingly say it is easier to locate an open position outside of their company, than to be promoted within. Halverson provides the following tips for building awareness of internal mobility programs:  Brainstorm how your organization can develop an internal mobility program, if one doesn’t already exist  Begin discussing internal mobility programs during the onboarding process  Leverage and publicize internal mobility programs through employee referral programs to raise visibility  Communicate internal promotions through multiple internal and external channels to create stories about employee advancement within the company  Routinely assess employee awareness of the organization’s internal mobility program and adjust communication channels accordingly Employee mobility programs have always been a great tool to encourage staff retention. Now they are increasingly important as companies face growing talent shortages due to skill gaps, and more workers begin to feel confident about seeking other job opportunities. Halverson adds, “Ultimately, internal mobility programs should be built into the company culture and employer branding efforts. Current and future employees should not only have a clear understanding of the career opportunities available within the company, but also see that there are viable paths for advancement.” Source: Department of Labor Submitted by: Jim Spellacy, CSAM Management Recruiters of Cleveland-Southwest >Experts in Global Search (330) 273-4300 ext. 102 Jim@MRCSW.com Call me to help you attract the impact player. What is an impact player? Click Video
  • 2. ` Unscrambling the Positve Numbers in the Bureau of Labor Statics Report © 2014 Management Recruiters International, Inc. An Equal Opportunity Employer Economists were cautiously optimistic this morning, as the Bureau of Labor Statistics (BLS) released its employment data from April 2014. The findings showed that the U.S. added more than 288,000 jobs during the month, well beyond experts' prediction of 210,000. Additionally, the unemployment rate dipped down to 6.3 percent from 6.7 percent - the lowest it has been since September 2008. However, economists argue the positive job report could be somewhat misleading as the drop in unemployment is also due to a decrease in labor force participation. During the first three months of 2014, businesses had been reporting slow, yet steady, growth. While most of the last few reports indicated slower job growth than predicted, April's numbers far exceeded expectations, showing that the nation continues to see positive job growth. According to the BLS report, total nonfarm employment rose by 288,000 workers. USA Today reported this represents the highest number of job gains within the past two years. Industries that posted the greatest amount of new workers included professional and business services, food services, construction and retail. Professional and business services added the most jobs, with more than 75,000 new positions in April. The report noted that this industry had seen significant growth over the past 12 months, adding, on average, 55,000 jobs each month. Retail trade grew by 35,000 new workers, with specific sectors seeing more growth than others. Food and beverage stores had the highest numbers, adding 9,000 workers. General merchandise, auto dealers and nonstore retailers also demonstrated positive growth, with thousands of individuals joining the ranks. Food services, construction, health care and mining posted substantial growth, adding tens of thousands of new positions during April. Other industries did not report significant changes in their employment, including manufacturing, information, financial, transportation and government. Economists were especially shocked by the low unemployment rate, according to USA Today. They believed that numbers would show a much smaller decrease - dropping by 0.1 point down to 6.6 percent. Reuters cautioned that the actual figure was indicative not only of the increased employment, but also of the lower number of unemployed people actively seeking work. Russell Price, the senior economist at Ameriprise Financial, explained to the source that the numbers indicated a strengthening economy, one that could not be hampered by environmental factors. "The economy really has strong underlying fundamentals supporting its growth," Price said to Reuters. "Temporary headwinds such as the bad weather can certainly be managed." Economists believe that employment will continue to rise in the next few months due to a combination of higher demand, greater expendable income, spending cuts from the government and
  • 3. ` lowered debt. Provided by MRINetwork www.MRCSW.com |