Everyone knows if your company has a pulse you’re hiring. Job boards and social media are gushing with “We’re Hiring” notices. Now brace yourself. The demand for specialized talent is going to get a lot worse starting in 2018. And if you’re a micro-brand, you’ll want to avoid getting crushed in the stampede for new hires.
Why is 2018 a key marker? Because employers, especially the big-brands, have been handed the single largest corporate tax break in years, in an already hot job market. If you’ve been paying attention, you may have noticed top CEO’s making proclamations of sweeping pay increases and putting the pedal to the metal on their recruiting budgets. Not only that, immigration reforms continue to tighten imported labor sources and for the first time in quite a while, worldwide markets and foreign economies are surging in unison. So they’ll be working harder to retain talent inside their own borders.
As if the demand for experienced talent wasn’t already overheated, these converging factors will put even more pressure on smaller brands. (more…)