Low unemployment and a robust Economy have come together to form what is known as a ‘candidate market’ – a situation where there are more job openings than there are qualified candidates. This creates a cutthroat job Market for employers, who must compete for a limited number of suitable applicants.
Just last month, the U.S. jobless rate dropped to 3.7%1 - the lowest in almost thirty years. This, along with a strong overall economy, has created a talent shortage that is being felt across industries and individual businesses.