subject: Preparing Today For The Future Scarce Labor Market - Attracting New Employees, Part 2, Section 1 [print this page] As previously discussed in Part 1 the economy continues to improve, job recovery will begin to reduce the unemployment rate toward a more normal 5%.
This increase in job demand will create new employment opportunities for America"s workforce. This alone, is not particularly troubling, but combined with a frustrated, overworked, underappreciated and underpaid workforce, it is highly likely that some of our best employees will leave their current employment in search of greener pastures!
If your company has focused on retaining your current employees by implementing some of the recommendations in Part 1 of this series and if you follow the recommendations in this article, this economic recovery will provide new opportunities for your company to hire some of the best talent in your industry! What will be a talent drain for unprepared employers; will become a talent bonanza for forward thinking companies.
As positions become more plentiful, employees will start looking for better opportunities. After all, their salaries probably haven"t kept up with inflation and, as companies downsized and outsourced during the last couple of years, opportunities to advance within their company has been limited.
In order to attract and select some of the best of these employees, there are a number of elements that should be considered.
