The Bureau of Labor Statistics’ (BLS) latest Job Openings and Turnover Summary (JOLTS) showed that there was little overall change in the hiring rate, separations, and job openings reported from January to February.
But when you dig a little deeper, you’ll find that the landscape is a bit uneven. While there are certainly some industries and sectors that are flat, there are others that are seeing an increase in hiring, while still others are seeing a decrease.
If you are recruiting in one of the industries or sectors seeing an increase in hiring, but your opened positions, time to hire, and time to fill stats are showing that they are taking too long due to available talent, there is one simple thing you can do to mitigate inefficiencies and improve your position – open up the requirements so you consider people from the industries and sectors in which hiring is lagging.
Opening up the requirements for your role will help you:
- Diversify your workforce, leading to business benefits that impact the organization, the employees, and the customer.
- Bring new perspectives and fresh takes into your organization.
- Increase your exposure to candidates with needed specialized skill sets, widening the pool of strong applicants.
- Increase recruiting efficiency.
Follow along here and HRBench on Linkedin for more insights and trends from BLS.
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