Affinity HR Group Your HR Partner & Resource Labor Market - - PowerPoint PPT Presentation
Affinity HR Group Your HR Partner & Resource Labor Market January 2019 Summary News Your Business Can Use Trends for 2019 Findings: Focus on attracting and Topics Covered retaining employees! Unemployment Trends Wage
News Your Business Can Use
Your HR Partner & Resource
January
Findings: Focus on attracting and retaining employees!
Topics Covered
■Unemployment Trends ■ Wage Growth ■ Minimum Wage ■ Immigration ■Occupational Outlook ■ Legislative Outlook
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Labor Market Summary - December 2018 www.affinityhrgroup.co m
National Unemployment at 3.9% - Approx. 1 million more job openings than unemployed workers
16-19 20-24 25-34 35-44 45-54 55+ 12 11 10 9 8 7 6 5 4 3 2 1 Percentage (%) of unemployment
Unemployment Rate by Age (All Workers)
Ag e
■ Expect difficulty recruiting & retaining employees. ■ Anticipate need to increase wages. ■ Know your competitors. ■ Identify traditional and non-traditional sources for candidates. ■ Plan on training as pool of experienced candidates continues to
shrink. What employers need to do:
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Labor Market Summary - December 2018 www.affinityhrgroup.co m
■ 32 States have
unemployment rates of less than 4% (up from 26% in June 2018)
■ Aimes IA has lowest rate of
1.4%
■ El Centro has highest rate
at 19.3% Unemployment Rate by Age
2018 Wage Growth – Approx 3.2% Anticipated 2019 Wage Growth 3.2% – 3.5%
US
budget
restricted immigration & opioid crisis driving wage growth
What employers need to do:
■ Review pay policies for competitiveness in recruiting market(s)
and internal salary equity.
■ Anticipate the need to increase wages. ■ Provide richer, more comprehensive benefit packages and more
■ Provide more flexible schedules and work requirements. ■ Anticipate the need to raise prices of goods/services to pay for
increased wages and benefits.
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Labor Market Summary - December 2018 www.affinityhrgroup.co m
The federal minimum wage
been increased since 2009.
What employers need to do:
■ Changes are active – not just something to be looked at annually. ■ Monitor in all the locations where they do business. ■ Be aware of effective dates - not all changes take effect on
January 1.
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Labor Market Summary - December 2018 www.affinityhrgroup.co m
minimum wages exceeding fed. Level. 11 states will increase in 2019
regional Minimum Wage
Restricted legal and illegal immigration affecting work pool.
immigration
immigration
refugee immigration
In 2017, ICE conducted 1,300 workplace audits. In 2018, 6,000 were conducted – an increase of more than 360%. Workplace arrests are up nearly 700%, from 300 arrests in 2017 to 2,300 arrests in 2018 (mostly illegal workers). Expect continued dramatic increases in 2019.
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Labor Market Summary - December 2018 www.affinityhrgroup.co m
What employers need to do:
■Evaluate I9 form policies. ■Consider online electronic forms to minimize errors. ■Maintain forms in proper file format.
As of August, 2018, 7.1 million job
6.1 million unemployed and looking for work. Manufacturing assembly jobs are expected to decrease 14%
Occupation New Jobs Change 2016 – 2026 Janitor/Cleaner 236,500 +9.9% Metro Area Median Hourly Wage All Us Metro Areas $12.02 Boston Metro Area $17.90 San Francisco Bay Area $17.58 $12.28 North Texas Area $10.90
What employers need to do: ■Know your competitors are particularly true for entry level employers. ■Anticipate the need to increase wages to recruit and retain as demand increases.
Janitorial/Cleaning Sector Statistics
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Labor Market Summary - December 2018 www.affinityhrgroup.co m
Southeast Iowa Area
2018 was quiet on federal level. Not so on local level.
Emerging Legislation:
What employers need to do:
■ Examine pay policies for compliance ■ Examine interview questions & job application for all locations ■ Examine current drug testing policies and practices ■ Determine how you are going to stay abreast of state and local
changes
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Labor Market Summary - December 2018 www.affinityhrgroup.co m
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Labor Market Summary - December 2018 www.affinityhrgroup.co m
Claudia udia St. . John, hn, SPHR, R, SHRM-SCP CP President, Affinity HR Group claudia@Affinityhrgroup.com 877-660-6400 affinityHRgroup.com