What the Current Unemployment Rate Means for Hiring

May 21, 2019

As of June 2019, the unemployment rate has continued to hover at 3.7 percent. This rate is near a 50-year low according to the Bureau of Labor Statistics. This is a cause for celebration, right?

From an economic viewpoint, yes!  This number is great news, and for our labor force, even better news.  American workers are employed and all is well unless you’re the recruiter with more open positions than available candidates.

This low unemployment rate is not a bad thing, but it does mean that hiring quality candidates for your open positions will be a little more difficult.  Let us help.  Use these tips to get a leg-up on the competition and secure those quality candidates for your organization.

Improve Candidate Experience

The candidate experience is the most effective way to get quality candidates for your open positions. There are ample ways to give your candidates a positive hiring experience. Use the following tips to improve your candidate’s hiring experience:

  • Job applications need to be accessible and easy to complete
  • Communicate consistently with the candidate throughout the process
  • Provide the candidates timely status updates

Decrease Turnaround Time

No one likes waiting around, especially in a market that is teeming with open positions. To provide your candidates with the best experience you have to consider their time.  Candidates will feel that they aren’t valued if the hiring process is too long.

Organizations that hire the best candidates know this, and they actively take steps to decrease their turnaround time; especially once the offer is made. Speed in the background check process is essential because candidates accept the first firm offer way more often than not.

Using time-saving technology like Orange Tree's CandidateConnect® for background screening keeps your hiring process short and sweet.  CandidateConnect® will reduce your turnaround time by nearly a day – the difference between winning and losing.

Use Mobile Technology for Convenience

Hiring managers and recruiters have never been busier. Quality candidates are harder to find and once found, they are swept up quickly. Having a background screening partner that works on your behalf with a sense of urgency is essential.  Mobile-optimized technology meets your candidates where they are – on their phone – enabling access and flexibility so that they can get through the process as quickly and easily as possible.

A modern mobile solution provides candidates access to their background check status 24 hours a day. This frees you up to keep searching for your next candidates while not having to stop for tedious status updates with those in the background check process.  Technology should work for you; not against you.

There are many more open positions than candidates available to fill them, so you need to give yourself a head start on the competition. 

For a background screening solution that will enable you to hire the best quickly and easily, schedule a meeting with Orange Tree today!

Topics: Candidate Experience, Featured