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Future recruiting trends
The Staffing Stream
Fast-paced technology evolution has influenced every industry. Recruiting is no exception. The recruitment industry has witnessed a paradigm shift in terms of recruitment process and over all functioning of the industry — including job search behavior of applicants also.
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Quiz: Is your firm keeping up with staffing tech and trends?
The Hiring Site
Nobody has to explain the importance of the Internet to staffing firms, or how technology has influenced the way we organize and make our workforce more efficient—the effects of job boards, big data, hiring platforms and other Internet and software services has transformed the staffing industry. But there are also more subdued trends in staffing and recruiting, which can change from quarter to quarter and may not be as easily noticeable to industry newbies or those who may have fallen in a hiring rut.
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State Labor Department releases preliminary March 2015 area unemployment rates
New York State Department of Labor
The New York State Department of Labor has released preliminary local area unemployment rates for March 2015. The state’s private sector job count increased by 146,300 from March 2014 to March 2015. In March 2015, the number of private sector jobs in the state was 7,753,700, an all-time high. In addition, the state’s seasonally adjusted unemployment rate fell from 5.8 percent in February 2015 to 5.7 percent in March 2015, its lowest level since August 2008.
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Professional services hiring is accelerating: How to stay ahead of the trend
Recruiting Trends
The recent unemployment data has analysts contending that we are at "full employment." We're rather concerned about what these latest numbers portend for our friends and clients in professional services. While every firm is unique and should be assessing what works (and what doesn't) within their own recruitment strategy, processes, technology and people, there are three overarching things every professional services firm — regardless of size, industry or location — needs to be thinking about.
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9 percent of independent workers use 'on-demand economy' platforms
Staffing Industry Analysts
Only about 9 percent of U.S. independent workers use an “on-demand economy” platform such as, Uber or others, according to data released Tuesday by MBO Partners. That equates to approximately 2.7 million people. These workers tend to earn less than other independent workers, but were still satisfied with their choice to join the on-demand economy, also known as the “gig economy.”
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Hiring costs go up while budgets for agencies and recruiters go down
Staffing Talk
U.S. companies have increased their talent acquisition spending 7 percent on average. But agencies and third-party recruiters claimed just 18 percent of that recruiting budget in 2014, down from 38 percent in 2011, as organizations switched to a variety of less costly channels, including professional networks. The findings appear in the Talent Acquisition Factbook 2015, just released by Deloitte. The report puts the average cost to fill an open position now at $4,000, nearly three times the average amount spend on training per employee.
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Average hourly freelance worker wage is $21, global survey finds
Staffing Industry Analysts
The worldwide average hourly rate charged by freelancers is $21, according to a survey of 23,000 freelance workers around the globe by Payoneer, an online payments firm that works with online staffing and service providers as well as others. Almost half of freelancers charge under $10 an hour for their work. 40 percent charge between $11 and $30, and 18 percent command more than $30 per hour. The income survey confirmed that certain skill types demand significantly higher rates than others. Freelancers providing legal services charge an average of $31 per hour, significantly higher than the $21 rate charged by freelancers working in sales and marketing or the $17 rate charged by writing and translation freelancers.
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Companies planning to hire more recent college graduates this year
As graduation season approaches, soon-to-be college alumni will have more to celebrate than just the end of term papers and final exams: Ample job prospects and higher-than-usual starting salaries. According to a new survey from CareerBuilder, 65 percent of employers say they plan to hire recent college graduates this year, up from 57 percent last year and the highest outlook since 2007. One third will offer higher pay than last year, and 1 in 4 will pay $50,000 or more.
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Missed last week's issue? See which articles your colleagues read most.

    New York City Council votes to restrict credit checks in hiring (The New York Times)
What is a pre-hire platform — and why do you need it? (The Hiring Site)
7 most effective employee retention strategies (The Staffing Stream)

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Colby Horton, Vice President of Publishing, 469.420.2601
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Shawn Smajstrla, Senior Business Editor, 469.420.2605   
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