According to the most recent monthly jobs report, the Boston unemployment rate remained at a non-seasonally adjusted 4.0 percent in March. During the same reporting period 800 Boston jobs were added, on a seasonally adjusted basis.
Statewide, Massachusetts unemployment dropped slightly to a seasonally adjusted rate of 4.4 percent in March. Month over month, the state saw seasonally adjusted jobs gains of 6,900.
Here’s what the monthly jobs report means for area employers looking to staff open positions.
Robert Half Regional President Corey Adams says that to stay competitive, companies need to evaluate their recruitment process to make certain they’re not relying on an outdated hiring strategy. “The current Boston unemployment rate is lower than the national average, and that makes finding available talent a challenge,” notes Adams. “If your hiring strategy hasn’t kept pace with the market and current employment trends, you’re going to lose skilled professionals to the competition.”
To attract top candidates, Adams suggests that managers benchmark their organization’s salary offerings against national and regional averages to ensure their rates are competitive. “But salary isn’t the only factor today’s job seekers consider,” Adams adds. “Many candidates are being aggressively recruited. You need to show them how your organization stands out by emphasizing incentives and perks, such as signing bonuses, company-sponsored professional development and career advancement opportunities.”
Adams also underscores the importance of being mindful of retention efforts in the Boston jobs market. “Your most skilled employees are feeling confident about exploring their options in the current climate,” Adams says. “If you don’t check in with them regularly to make sure they’re happy with factors such as salary, management, career path and work-life balance, you could lose them to a competing organization.”
In search of talented professionals for open Boston jobs? Your local Robert Half recruiter is here to help. Call (855) 404-6500 today.