Observations Regarding the January 2018 Employment Situation

“January 2018 was a solid month, reassuring in that it eliminated any anxiety that may have been caused by December’s below trend performance. The unemployment rate remained constant for the fourth consecutive month at 4.1 percent suggesting that the tight labor market may not be contracting as quickly as expected. Moreover, the labor force participation rate also remained constant for the fourth consecutive month, at 62.7 percent. The most encouraging metric in the report was the improvement in average hourly earnings which grew at a year-overyear rate of 2.9%, the highest rate since April of 2009. While one month does not make a trend, this is a long-awaited step in the right direction.”

To read more: check out the full report here:

January 2018 Employment Report

Celebrating 20 Years!

We are excited to be celebrating the 20th anniversary with our sister company, Arlington Resources, this month!

With this upcoming celebration, we look at the role of flexible staffing in the work force and where it is today. The temp penetration rate — temp jobs as a percent of total employment — rose to 2.069% in July 2017.  “The temporary penetration rate continues to increase at a solid pace, even at record levels, giving more evidence of a secular shift,” said Tony Gregoire, Director of Research, The Americas, at Staffing Industry Analysts.

As more workers in America look for alternative work arranges and additional opportunities to supplement their incomes, temporary and contract staffing services can fulfill their needs. With nearly thirty-one percent of workers within the United States currently employed as contingent workers, companies are granted access to a more diverse, and affordable, group of employees. Thus this rise of the role of temp jobs in today’s workforce can lead to a competitive edge for companies throughout America.

We look forward to helping you with your recruiting and staffing needs!

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Top Candidates – March 2017 Newsletter

Senior Financial Analyst
Areas of expertise: Budget and Modeling and Analysis, Financial Planning and Analysis, Corporate Reporting and Analysis, Cost Benefit and Product Analysis, Operations Modeling and Process Review, Procedural Development and Review.

Noteworthy: 15 years of experience within the manufacturing arena. In the last three roles they held sole responsibility for Financial Planning and Analysis as well as closing out all of the books.

Position Interest- Sr. Financial Analyst or Finance Manager
Available for: Direct Hire Placement
Location: Northwest Suburbs.

Treasury Operations Manager
Areas of Expertise: MBA and pursuing his CPA. Banking consolidation projects, FX hedging and netting, Compliance reporting,  Prepare quarterly Board Meeting reports for the CFO, Implemented e-payment solutions, Implemented new treasury and banking platforms including foreign currency, the treasury workstation and bank fee analysis portals. Certified Treasury Professional

Noteworthy: MBA and pursuing his CPA with experience within manufacturing Fortune 500 Companies.

Position of Interest: Treasury Manager
Available for: Direct Hire Placement
Location: Northwest Suburbs

Sr. Credit Analyst
Areas of Expertise: 10+ years of working with SAP FICO and customized SAP programs. International credit analysis for Mexico, Australia, Canada and South America. Has handled a portfolio up to $350M.Deduction experience includes: shortages, discounts, promotions, damaged goods and spoiled product. Full DSO responsibility.

Noteworthy: SAP expertise as well as International Credit Analysis expertise.

Position of Interest: Sr. Credit Analyst
Available for: Contract, Contract to Hire or Direct Hire
Location: Western Suburbs

Staff Accountant
Expertise includes:  Advanced Excel  (pivot tables, lookups, formulas), G/L Accounting, Fixed Assets and Bank Reconciliations

Noteworthy:  This person is only looking for temp work over the next 6 months while finishing a Master’s Degree and studying for the CPA test.

Position of Interest:  Staff or Senior Accountant level
Available for:  temporary
Location:  West Suburbs

Senior Accountant/Analyst
Expertise includes:   Month-End G/L close, sales forecasting, budgets, Analysis of SG&A expenses

Noteworthy:  CPA and MBA with manufacturing industry experience.

Position of interest:  Senior Accountant or Financial Analyst
Available for: Temporary, Temp to Hire and Direct Hire
Location:  North Suburbs and NW Suburbs

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Hire for Passion or Experience? Why You Need to Look at the Candidate Experience from the Other Side of the Table

It’s a candidate-driven market, which means more emphasis is being placed on the experience of the job candidate during the hiring process. A CareerBuilder survey revealed that “82 percent of employers believe there is little or no negative impact to a company when a candidate has a bad experience during the hiring process.” But this is not the case. Employees who have had a negative experience will quickly move onto a competitor and they may not ever consider your company again. Since job candidates have most of the leverage in today’s job search process, a bad experience in the hiring process will eliminate your company from consideration of the top talent you want to add to your organization.

One way to evaluate the experience of candidates is by going into their shoes and looking at it from a different angle. How can your company accomplish this?

From time to time, put yourself through the candidate application process. Does it seem complicated or too time consuming to fill out the application? Did you get an acknowledgment that you applied? How long until you actually get asked for an interview? These are all aspects that need to be evaluated on a regular basis if you want to focus on a positive candidate experience.

It’s easy to think your process works when you don’t have to go through it every day. If you don’t want to audit the process on your own and want to get a fresh perspective, ask someone in your organization who doesn’t directly work with the job candidate experience. You also could ask trusted colleagues, friends or other connections for their honest feedback.

Evaluate whether your company has had better success with hiring for passion vs. experience. In the past, there have been hires that have done outstanding based on either factor. Now is the time to see how they are doing. Are the people who were hired for passion still as enthusiastic about their jobs? Did the people who brought a lot of industry knowledge to the workplace stick around? Consider the time you or your company had to invest in getting the passionate new hires up to speed to complete the job responsibilities. With the experienced job candidates, did they meet the cultural fit of your organization or did a resume-based hire fall flat?

Interviews can be a valuable source of information too. They are often the first contact that candidates have with your company. In today’s climate, candidates are very eager to share their experience on company review websites like Glassdoor, or even on Google or Facebook. How are candidates rating their experience with interviews? Are they being challenged by the interview process or is it too predictable? Do they get an accurate image of the organization to help them make the best decision possible if they receive a job offer from your company? Or are they still confused about the job duties, culture and other factors?

From the side of the table that candidates sit behind, they are evaluating your company every step of the way. Be sure that your hiring practices meet their expectations and approval by putting yourself in their shoes once in a while.

Casey Accounting & Finance Resources, leaders in financial staffing in Chicago, will recruit and provide the accounting and finance staff your company needs. Contact our award-winning team of recruiters today to get started on finding the top talent your organization wants to add.

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