Posts Tagged ‘unemployment rate’

Unemployment Rate Declines for First Time Since 2009

Monday, December 5th, 2011

The Bureau of Labor Statistics announced on December 2, 2011  that 120,000 jobs were added in November, and the unemployment rate fell to 8.6 percent. This is the lowest rate since 2009. The largest job gains were in  retail trade, professional and business services, health care, and leisure and hospitality.  The Bureau also reported that productivity rose 2.3 percent in the non-farm business sector in third quarter 2011; unit labor costs decreased 2.5 percent (seasonally adjusted annual rates). In manufacturing, productivity grew 5.0 percent and unit labor costs fell 5.1 percent.

If you are an employer who is finally starting to hire again or never stopped due to turn-over at your organization download the free white paper “HR Compliance Checklist” and do a quick self audit of your hiring and other HR practices.   Make sure that you are hiring in a way that protects you from discrimination claims while ensuring you are selecting the best people for your company.

The white paper “HR Compliance Checklist” is available at  http://www.kpaonline.com/what-we-do/hr/hr-resources/whitepapers.html

Light at the end of the tunnel as employers start hiring again

Monday, July 19th, 2010

While the unemployment rate remains over 9% (9.3% according to the last Bureau of Labor Statistics report) there seem to be a bit of light at the end of the recession tunnel. The National Association of Buiness Economics reported that 31% of employers surveyed had added staff in the past 3 months, up from 6% last year AND 39% expect to hire between now and December 2010.  If you are one of those employers who will be hiring this year do yourself a favor and before you start hiring review your processes- since you probably will only be hiring a few individuals this year it is critical to do it right the first time.

1)  First things first, make sure you have a job description for the position

2) Use a checklist to ensure objective, legally defensible interviewing

3) Check references and depending on the position peform a background check/drug test

4)  Provide a conditional offer letter and written pay plan to the prospective employee

5)  Make sure you have some basic orientation actitivities planned for the first day/first week so they hit the ground running.  No need to spend hours and hours on orientation but everyone like to know where the bathroom is and an organization chart is alway handy!

Additional information on best practices in hiring can be found in the KPA webinars- “How to Hire the Right Employees” and “Bulletproof Your Employment Practices”.  Recorded versions may be dowloaded at http://www.kpaonline.com/news-and-events/webinars/recorded-webinars.html

Hope you are one of the lucky employers who will be hiring this year- join the conversation and  let me know if you are hiring or still waiting for the economy to improve further.