How Low Unemployment Affects Hiring in the Real World

How Low Unemployment Affects Hiring in the Real World

by Interperm Resources, LLC.     Category: Article

Posted on December 28, 2019 at 09:26:40 AM

Every day, we are bombarded with news stories about how we are in the best job market in years. This does not necessarily mean it’s easier to find a new position. With less people to interview, it can take companies longer to find the “right” person. In today’s job market, employers cannot afford high turnover. It takes too long to hire the right candidates, and to start the process over within a year and it is prohibitively expensive. Employee Benefit News reported last year that it costs employers 33 percent of a worker's annual salary to hire a replacement if that...