Staffing Through a Turbulent Economy

October 12th, 2010

In today’s economic shortfall, most consider this to be an “employers market” in terms of recruiting and selection top talent. With the national unemployment rate averaging around 9.6%*, competition for jobs is tough, allowing employers a more diverse selection of talent.

One concern that employers may have is staffing over qualified people for positions within the organization and what that impact will be when the market recovers. The national average duration that a person is on unemployment is at 34.2 weeks**, which could cause many people to apply for just about any position, regardless of qualification. This could eventually lead to a high turnover of personnel who will eventually want to obtain employment that more meets their qualifications, demand for challenge, and compensation that is commensurate with prior experience and educational accomplishments. Read the rest of this entry »

Recession Payroll Strategies for Small Business Owners

October 7th, 2010

According to the U.S. Bureau of Labor Statistics (BLS), the October 2009 employment situation was grim. The national unemployment rate rose to 10.2 percent (an increase of 558,000 unemployed persons). Consumers and business owners may find these statistics startling. Workers may fear for their jobs because they know job cuts are a possibility.

Rising unemployment spells trouble for entrepreneurs and for the national economy. Slow economic growth also means fewer entrepreneurs will launch new businesses and create new jobs for the unemployed. The bottom line is that small businesses owners must achieve better results using fewer payroll hours. Read the rest of this entry »