Chicago unemployment fell to a seasonally adjusted 5.4 percent in September, according to the most recent monthly jobs report. This is a decrease of 1.1 percent from a year ago. On a non-seasonally adjusted basis, 4,100 Chicago jobs were lost in September.
What do these numbers mean for employers looking to staff Chicago jobs?
Lower Chicago unemployment means area employers are more competitive today as they attempt to hire for Chicago jobs. Robert Half District President Marilyn Bird advises companies to evaluate their hiring strategies to make sure they’re not outdated. “To land top candidates, organizations should ensure their starting compensation levels align with local averages and should also make certain they’re offering alluring benefits.
In addition, Bird stresses the importance of increasing the pace of the hiring process in the current climate. “The best candidates are receiving multiple job offers,” she says. “Companies with multi-tiered hiring processes are losing top candidates to competitors who are more aggressive when it comes to making an offer.”
Bird also suggests that hiring managers familiarize themselves with the preferences of Generation Z candidates as they look to staff Chicago jobs. “Start considering now what recent graduates and younger employees are looking for in a workplace,” she says. “Gen Zers seek mentorships and professional development, and they also hope to find roles that align with their personal beliefs.” In fact, 30 percent of those surveyed for Get Ready for Generation Z — a recent report compiled by Robert Half and Enactus — said they would take a pay cut to work for a company with a mission they care about.
Local Robert Half recruiters know the Chicago jobs market and can help with your staffing needs. Call (888) 707-4274 today to get started.