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Most Companies Actively Recruiting as Economy Improves >
Oct. 2, 2009 — More than 90% of surveyed companies are actively recruiting personnel as the unemployment rate begins to level off and the economy begins to show signs of improvement. >
The results of the BenchmarkPro survey show that although the total turnover rate across all industries was 16.3% in 2009, companies are still on the lookout for new talent. The results show turnover rates were lowest in the Midwest at 15.7%, which was followed by organizations in the Northeast at 15.8%. The South Central region had the highest turnover rates at 17.6%. >
The survey found that turnover also varied by industry with the lowest rates reported in utilities, 7.1%. Respondents in banking and finance reported turnover rates at 18.6%. The highest turnover rates were reported within the hospitality industry, 31.1%. >
"Even though unemployment rates are high, companies still struggle to find candidates who are qualified to fill open positions," said Amy Kaminski, manager of marketing programs for Compdata Surveys. "Hiring an employee with the right skills will be paramount to a company's success in the coming months, particularly as the economy begins to rebound." >
The most widely used recruitment method was advertising on the internet (77.1%), the survey found. Newspaper advertising and employee referral programs were prevalent at 65.1% and 53.6%, respectively. Trade and professional association advertising was used by 33.9% of organizations, compared to sign-on bonuses at 31.8%. >
About the Survey
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http://dreamlearndobecome.blogspot.com This posting was made my Jim Jacobs, President & CEO of Jacobs Executive Advisors. Jim also serves as Leader of Jacobs Advisors' Insurance Practice.
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