Happy Friday! Take a look at this week’s must read articles for recruiters:
Job market bounces back in March with 196,000 gain in payrolls (Read @ CNBC)
Job creation posted a solid rebound in March, with nonfarm payrolls expanding by 196,000 and the unemployment rate holding steady at 3.8%, according to a Bureau of Labor Statistics report Friday.
Short of Workers, U.S. Builders and Farmers Crave More Immigrants (Read @ NY Times)
As a tight labor market raises costs, employers say the need for low-wage help can’t be met by the declining ranks of the native-born.
What Is the Work Opportunity Tax Credit (WOTC), and How Does It Benefit Employers?
The Work Opportunity Tax Credit is a Federal tax credit available to employers* to hire and retain individuals from target groups with significant barriers to employment.
Related: Bipartisan Bill Proposes Permanent Extension of the Work Opportunity Tax Credit
On Tuesday, April 2nd, Ohio Senators Sherrod Brown and Rob Portman, introduced the Work Opportunity Tax Credit & Jobs Act to the senate.
Target raises minimum wage to $13 an hour in tight labor market (Read @ NBC News)
Target will raise its minimum wage to $13 an hour in June, from $12 currently, increasing its payroll costs and putting new pressure on rival Walmart to attract retail workers in a tight labor market. Walmart currently pays entry-level workers $11 an hour, and Costco and Amazon pay $15.
What Employers Need to Know About Successful Second Chance Hiring (Read @ SHRM Blog)
Between the First Step Act bill being passed and SHRM’s efforts towards Getting talent back to work, There are a lot of discussions opening up around second chance hiring. Before, it was pretty standard to assume that if you checked that box of “have you been convicted of a felony,” you weren’t going to get the job.
Employer Ghosting Survey Results: Have You Ever Been Ghosted by a Candidate or New Hire?
Last month we invited iRecruit customers to give us their feedback on the candidate ghosting phenomenon. We asked two simple questions in a survey:
“Have you ever been ghosted by an applicant?” And “Have you ever been ghosted by a new hire?”
8 Clues That a Candidate Will be an Exceptional Employee (Read @ LinkedIn Talent Blog)
Over the past 40 years, I have reviewed at least 30,000 resumes and LinkedIn profiles and personally interviewed over 5,000 job candidates. After tracking the subsequent performance of hundreds of these people, it became apparent that there were clues in the resume and work history that accurately predicted the likelihood the person would be successful even in roles that were promotions, different jobs, stretch assignments, or in different industries.
How HR Can Improve Quality of Hire and Still Decrease Time to Fill (Read @ Verified First)
Recruiters likely know that hiring managers have two main priorities: hire the best candidates, and hire them quickly. However, these two priorities might feel like they directly conflict. If you’re rushing to hire someone, you won’t have time to get to know the candidates well enough to determine if they’re going to be a high-quality hire. Director of Talent Acquisition and Development at DDR Corp, Brad Owens made the point, “I could get you a recent college graduate to accept the CEO spot at a publicly traded company within a day or two but would you really want that type of candidate?” Considering that the cost of a bad hire can be up to $240,000 according to SHRM, taking the time to hire the right person is crucial.
Why This Woman’s Awful Job Interview Experience Went Viral (Read @ Entrepreneur)
Have you ever had an a job interview that just proved without a shadow of a doubt that the company was not the right fit you? Olivia Bland, a 22-year-old writer and marketer from Manchester, England, took to Twitter to share a recent job interview experience at a software company called Web Applications UK.
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