Mary Hain’s Post

U.S. Job Market Faced Significant Slowdown in July The latest employment report from the U.S. Bureau of Labor Statistics reveals a stark shift in the labor market dynamics. U.S. employers added just 114,000 new jobs in July, marking a significant slowdown from previous months and pushing the unemployment rate to 4.3%, the highest since October 2021. This slowdown, coupled with revised job totals for May and June, signals a cooling labor market that raises concerns about the broader economic outlook. With employment growth well below the average and notable upticks in part-time work for economic reasons, experts like Justin Ladner, SHRM, and Nick Bunker, at Indeed Hiring Lab, highlight the increasing risks to the economy. Read the full analysis to understand the implications of this trend and what it could mean for the future: https://lnkd.in/e4sewfEU

In my 12 years of experience, recruiting FMCG professionals, I've encountered a range of job offers – some fantastic, some mediocre, and some downright disappointing.   🚫 Why You Should Steer Clear of Low Salary Offers 🚫   Navigating salary negotiations for employers and candidates demands a balance of strategy and integrity. Here's why:   1. 𝗠𝗶𝘀𝘀𝗲𝗱 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀: Talented candidates have plenty of options. Low offers risk losing top talent. 2. 𝗧𝗿𝘂𝘀𝘁 𝗮𝗻𝗱 𝗥𝗲𝗽𝘂𝘁𝗮𝘁𝗶𝗼𝗻: Breaching trust damages your reputation as an employer. 3. 𝗥𝗲𝘁𝗲𝗻𝘁𝗶𝗼𝗻: Underpaying leads to dissatisfaction and higher staff turnover costs. 4. 𝗩𝗮𝗹𝘂𝗲 𝗥𝗲𝗰𝗼𝗴𝗻𝗶𝘁𝗶𝗼𝗻: Low job offers signal undervaluation, heavily impacting morale and performance. 5. 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗥𝗲𝗽𝗲𝗿𝗰𝘂𝘀𝘀𝗶𝗼𝗻𝘀: Short-term savings can lead to long-term losses in your recruitment strategy and brand value. 6. 𝗠𝗼𝘁𝗶𝘃𝗮𝘁𝗶𝗼𝗻 𝗜𝗺𝗽𝗮𝗰𝘁: Undervalued employees are less motivated, affecting productivity and longevity.   🌟💼 #Recruitment #BusinessIntegrity #HarbourneAssociates #JobOffers  

🚀 The No. 1 Tip for Landing a Job Offer in Today’s Tough Job Market, According to HR Expert 🚀 To land a job offer in today’s challenging market, it's crucial to be crystal clear on your value proposition, says Tessa White, a career coach with 20 years of HR experience. Many job-seekers make the mistake of focusing on past tasks instead of demonstrating the outcomes they've achieved. White emphasizes that “the language of business is numbers,” advising candidates to highlight how they’ve solved problems in previous roles using specific data and results. For instance, if you successfully expanded a company into new markets or improved retention rates, quantify those achievements. By clearly explaining the impact you’ve made and the skills you bring, you can stand out from the competition and negotiate for much higher pay. #CareerAdvice #JobSearch #HR #EmploymentTips #ProfessionalGrowth #JobMarket

Yesterday, a former colleague reached out to me with some frustration. He had recently gone through two interviews with promising prospects but ended up declining both offers. Despite being told that he was a great fit, the offered salary packages were either the same as or lower than his current salary. One interviewer even suggested that joining a branded hotel from a non-branded one should be considered a career jump, even though it meant a pay cut. This experience raises a broader issue: in today’s competitive job market, attracting and retaining top talent is challenging. If you recognize potential in a candidate, it's crucial to support their financial needs accordingly. Investing in talent isn't just about filling a position—it's about fostering growth for both the individual and the organization. Remember, when we support our people, we empower them to contribute more effectively, and in turn, our companies grow. Let’s keep this in mind and make the effort to offer fair and motivating compensation. #TalentManagement #EmployeeValue #CareerGrowth #CompensationMatters

🔴𝑷𝒂𝒚: 𝑻𝒉𝒆 𝑻𝒐𝒑 𝑴𝒐𝒕𝒊𝒗𝒂𝒕𝒐𝒓 𝑾𝒉𝒆𝒏 𝑨𝒄𝒄𝒆𝒑𝒕𝒊𝒏𝒈 𝒂 𝑵𝒆𝒘 𝑱𝒐𝒃! When it comes to accepting a new job, 𝐜𝐚𝐧𝐝𝐢𝐝𝐚𝐭𝐞𝐬 𝐡𝐚𝐯𝐞 𝐚 𝐦𝐲𝐫𝐢𝐚𝐝 𝐨𝐟 𝐟𝐚𝐜𝐭𝐨𝐫𝐬 𝐭𝐨 𝐜𝐨𝐧𝐬𝐢𝐝𝐞𝐫. From company culture to work-life balance, there are many elements that can impact a candidate's decision. However, 𝒐𝒏𝒆 𝒇𝒂𝒄𝒕𝒐𝒓 𝒄𝒐𝒏𝒔𝒊𝒔𝒕𝒆𝒏𝒕𝒍𝒚 𝒓𝒆𝒊𝒈𝒏𝒔 𝒔𝒖𝒑𝒓𝒆𝒎𝒆 𝒂𝒔 𝒕𝒉𝒆 𝒕𝒐𝒑 𝒎𝒐𝒕𝒊𝒗𝒂𝒕𝒐𝒓: 𝑷𝑨𝒀 𝐖𝐡𝐲 𝐢𝐬 𝐩𝐚𝐲 𝐜𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐞𝐝 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐢𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐟𝐚𝐜𝐭𝐨𝐫 𝐰𝐡𝐞𝐧 𝐚𝐜𝐜𝐞𝐩𝐭𝐢𝐧𝐠 𝐚 𝐧𝐞𝐰 𝐣𝐨𝐛? 🔴Pay is often seen as a reflection of a candidate's value and worth to a company. It directly impacts an individual's quality of life, financial stability, and overall satisfaction with their job. 𝑾𝒉𝒆𝒏 𝒄𝒂𝒏𝒅𝒊𝒅𝒂𝒕𝒆𝒔 𝒂𝒓𝒆 𝒆𝒗𝒂𝒍𝒖𝒂𝒕𝒊𝒏𝒈 𝒋𝒐𝒃 𝒐𝒇𝒇𝒆𝒓𝒔, the salary offered can often be the deciding factor in whether or not they accept the position. Additionally, 𝒄𝒐𝒎𝒑𝒆𝒕𝒊𝒕𝒊𝒗𝒆 𝒑𝒂𝒚 𝒄𝒂𝒏 𝒂𝒕𝒕𝒓𝒂𝒄𝒕 𝒕𝒐𝒑 𝒄𝒂𝒏𝒅𝒊𝒅𝒂𝒕𝒆𝒔, and help companies stand out in a crowded job market. 𝑬𝒎𝒑𝒍𝒐𝒚𝒆𝒓𝒔 𝒔𝒉𝒐𝒖𝒍𝒅 𝒄𝒂𝒓𝒆𝒇𝒖𝒍𝒍𝒚 𝒄𝒐𝒏𝒔𝒊𝒅𝒆𝒓 𝒕𝒉𝒆𝒊𝒓 𝒄𝒐𝒎𝒑𝒆𝒏𝒔𝒂𝒕𝒊𝒐𝒏 𝒑𝒂𝒄𝒌𝒂𝒈𝒆𝒔 𝒕𝒐 𝒂𝒕𝒕𝒓𝒂𝒄𝒕 𝒂𝒏𝒅 𝒓𝒆𝒕𝒂𝒊𝒏 𝒕𝒐𝒑 𝒕𝒂𝒍𝒆𝒏𝒕 𝒊𝒏 𝒂 𝒄𝒐𝒎𝒑𝒆𝒕𝒊𝒕𝒊𝒗𝒆 𝒋𝒐𝒃 𝒎𝒂𝒓𝒌𝒆𝒕. #competitivesalaries

Attention Job Seekers! I know how challenging the job market can be right now, and it’s understandable that many candidates feel pressured to accept offers that come with low salaries or limited benefits. But I want to remind you of something crucial: **Don't underestimate your worth!** 💪 While it might feel like you're in a tight spot, accepting a position that doesn’t reflect your true value can have long-term consequences. Once you sign that contract, it can become a leverage point for employers, and they might use it against you in future negotiations or evaluations. Here are a few things to keep in mind: 1. **Know Your Rights:** Be informed about your rights as an employee. Understand the labor laws in your area and the standards for your industry. 2. **Evaluate Total Compensation:** Consider the whole package – salary, benefits, work-life balance, and growth opportunities. 3. **Negotiate:** Don't shy away from negotiating your offer. Even in difficult times, it's important to stand firm on what you deserve. 4. **Think Long-Term:** A role that's undervalued today can lead to a stagnant career path. Aim for positions that respect your skills and potential. Remember, your value is not defined by the first offer. Take the time to find a role that aligns with your career goals and treats you with the respect you deserve. Stay strong, and don’t settle! 🚀 #JobSearch #CareerAdvice #KnowYourWorth #EmployeeRights #Negotiation #CareerGrowth

HR Brew ™️’s latest jobs report highlights some interesting trends for July 2024. Despite economic uncertainties, the job market remains resilient, showing steady growth in several sectors. Notably, healthcare and tech continue to drive demand, emphasizing the need for specialized talent. Recruiters: this is an ongoing opportunity to match top-tier candidates with companies in these thriving industries. Let’s leverage these insights to strategically align our efforts and continue making impactful placements. Read more about the detailed insights and what they mean for our industry here - https://lnkd.in/eSYtErSh #jobmarket #talentacquisition #industrytrends

📰In today's dynamic talent landscape, where skilled individuals hold the cards, attracting the best and brightest requires more than just a competitive salary. In the talent wars raging across industries, forget outdated tactics and aggressive negotiations. 😇The key lies in crafting an opportunity so compelling, it ignites a candidate's passion and renders all other options pale in comparison. 🤵😁Understanding the candidate's aspirations, tailoring the opportunity to their career goals, and showcasing a positive work environment are essential. Competitive benefits, growth opportunities, and a clear path to success demonstrate the company's investment in the individual, fostering loyalty and long-term commitment. 🔎Read our latest blog "An Offer They Can’t Refuse” – How To Make One? which lves into the art of creating irresistible propositions, exploring strategies that go beyond mere compensation to tap into the deepest desires and aspirations of top talent. Click on the link below.👇 https://lnkd.in/g7GwDqxT

Job searching? Take a moment to read this article. Navigating Job Market Trends: Key Takeaways From The April 2024 Report It calls out that the US job market is the strongest in our history. This article also discusses the details for the US market. 303,000 - new jobs in March 8.8 million - Job openings across the US Not all industries are up, but not all industries are down. TNG Boost meets Tuesday from 7-8 pm Eastern via Zoom, so location does not matter. If you are interested to talk with others in the middle of a job search, register here and join the crew. https://lnkd.in/em7g_fB https://lnkd.in/gybx2hRY

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