Express Employment Professionals | 3515 W. Two Mile House Rd Columbus, IN 47201

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Do You Have the Right Mindset to Attract Talent?

Do You Have the Right Mindset to Attract Talent?

In the 12 years I have been in the recruiting business, there have been three tales. When I started in 2005, the economy was strong and the recruitment of skilled workers was tough. Then we went through the “Great Recession” and companies shed employees, closed down their business and just struggled to survive. The current market has a tougher economy, skilled workers are again tough to find and now even unskilled workers have become hard to find. This has created another environment for business owners that no one has seen before. Some are calling it the “gig” economy.

When I am talking to business owners these days, what I hear most is how difficult it is to find talent. As of late, low unemployment and the demands for companies to stay relevant with technology and the ever changing economy, it’s become difficult for companies of all sizes to recruit and retain the employees they need to be profitable.

Recently, Bob Funk, the co-owner and Founder of the Express Employment Professionals Franchise said “Unless employers raise wages, offer more opportunities for training and career advancement, or improve their work environments, its going to become harder to keep or recruit workers.” I agree with Bob that the dynamics have definitely changed. Today’s workers have lots of choices and often have multiple job offers in hand.

Lower wage workers are tired of stagnant pay rates and have been demanding wage increases for several years. Many have pushed for minimum wage to be increased and I have said all along that will happen automatically when the market dictates it as the demand requires it. The blue collar worker is the heart of our economy and we are starting to see the participation rate come back (very slowly) since wages have started to increase (a little). In order for this trend to continue, employers have to be willing to give these workers a chance, pay competitive wages, be willing to train and treat them with respect. Our economy needs these workers and we need them to see hope versus sitting on the sidelines using government assistance as a means of income.

The reason so many were drawn to Trump’s message of “Make America Great Again” was that so many had lost hope and wage growth was slow, even with low unemployment. The “gig” economy is upon us. The American worker is figuring out they have some leverage with potential employers. And the employers that have their act together are going to attract and retain some very motivated people that are willing to work hard to prove they belong.

This article is written by Mike Heffner, the owner of the local Greenwood Express Employment Professionals franchise.  Contact Mike at Mike.Heffner@expresspros.com, @IndySouthMike on Twitter or visit ExpressIndySouth.com.