2nd Quarter 2023 Brief – Taking The Long View in Q2 and Beyond

Posted: Jun. 22nd, 2023 at 10:13 am under General

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As we finish Q2, we are continuing to find that companies need to play offense if they want to hire talented professionals. A new survey of 2,000 hiring managers found most companies are hiring in 2023 in a job market that has at times seemed sluggish in the first half of the year.

Great talent is still the hottest commodity and continues to be hard to find. About 90% of hiring managers said it was still challenging find to find skilled professionals and it could take up to 11 weeks on average to hire for an open position, up from seven weeks in 2021.

At firstPRO 360, we are committed to taking the long view. As we enter uncertain times, we still want to scout the most qualified professionals who will remain within our client’s organizations. Our focus is on the entirety firstPRO 360 is dedicated to keeping clients informed of this rapidly changing job market. Our goal in this report is to educate our business partners on the current employment market and what hiring trends are emerging, so we can best partner with you to attract the most professional talent. While the employment and talent markets are constantly changing, our attention and commitment to those we serve remains the same. of the game played over the long haul versus taking a Par-3 short approach. Our number one goal is to build relationships and keep them strong for the duration.

The big picture shows employers increased their payrolls by 263,000 jobs in March, including gains in leisure and hospitality, professional and business services, government, and healthcare industries.

The national unemployment rate dipped to 3.5%. This growth still remains healthy by traditional standards, but lay-off announcements and rising interest rates have slowed hiring efforts. Still, the labor shortage for skilled professionals has created a different experience for this community of workers – as well as the companies who hire them.

The Atlanta job market include a 76,800 employment gain over the year in April. Education and health services had the largest gain among metropolitan Atlanta’s private-industry sector for nonfarm employment. The local rate of job gain was 2.6% which is equal to the national average. Atlanta is in line with the 12 largest metropolitan cities and ranks 5th for job gains nationally. The annual average salary in Atlanta is $59,100, ahead of the national average, which is only slightly below $58,260.

With firstPRO 360 as your caddy in 2023 and beyond, we can help you navigate the course. We want to ensure long-term success with some hole-in-ones, pars, and birdies along the way. As we are halfway through the year, a few trends continue to appear.

Interested in reading the entire 2nd Quarter 2023 brief?

https://indd.adobe.com/view/c1c5c713-5abe-40b6-b3d9-dd326e410b42