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One might assume the candidate pool is plentiful since the unemployment rate is still high. Yet, reality paints a different picture. Read on for reasons why the scales are beginning to tip to an "employee" advantage.
- Ann Clifford, President
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Dos & Don'ts
"Can an employer require an employee to reimburse training or tuition costs if the employee subsequently leave?"
(Answer provided at the end of the newsletter.)
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Out of Sync: Employer Expectations
Nearly $3M jobs go unfilled in the US because employers say they can't find qualified workers. Peter Cappelli, Director of Wharten's Center for Human Resource, challenges the thought that the candidate pool is weak. He suggests that employers won't do the following:
- Won't pay what qualified applicants are asking.
- Won't invest in training to bring candidates skills up to speed.
If you are struggling to hire talent, ask yourself, "Have I set the criteria too high for the salary I'm willing to pay." Business owners generally want employees to wear multiple hats. Make sure you identify the "essential" skill and then scale back on your expectations for the other hats.
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Salaries on the Rise
Employers had the advantage during the recession. Yet, gone are the days of hiring overqualified candidates at discounted salaries. Job opportunities are on the rise. The best workers have choices and we are currently seeing candidates receive multiple offers at competitive salaries. According to CareerBuilder's 2012 US Job Forecast, here are the top 4 functional areas that will see the largest pay increases in 2012.
- Sales
- Information Technology
- Engineering
- Business Development
The greatest salary increase for 2012 is tied to revenue generation. Nearly one-in-four human resource managers said sales positions would see the biggest jump in pay. One-in-five indicated that IT roles would also rise.
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Safari Interview Tip Before a candidate steps in your door for their first interview, you should know what they earned in their last job. Ask in a phone screen or phone interview, "What did you earn in your last 3 jobs." It's that simple!
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Answer to Today's Dos & Don'ts
"Can an employer require an employee to reimburse training or tuition costs if the employee subsequently leave?"
Answer:
Yes, provided you have a written policy in place with a specified time frame for continued employment. Typically, education assistance is offered to employees as a retention tool. To avoid misunderstanding be sure there is detailed documentation and a clear understanding of the program between employer and employees.
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