According to the most recent monthly jobs report, the non-seasonally adjusted Dallas unemployment rate for December was 3.7 percent, down 0.3 percent from the prior month. On a seasonally adjusted basis, 3,500 Dallas jobs were added during the same reporting period.
For the state of Texas, the seasonally adjusted unemployment rate increased slightly, to 4.7 percent in December. Statewide, a total of 24,900 jobs were added during the same reporting period, on a seasonally adjusted basis.
What do these numbers mean for employers looking to staff Dallas jobs?
With a decreasing Dallas unemployment rate and the rising number of available jobs, employers will should give their hiring strategies careful consideration if they wish to remain competitive for skilled talent, says Robert Half Senior Regional President Mark Malone. “Companies can’t expect to win over the best candidates based on compensation alone,” he says. “Job seekers are becoming more discriminating not only when it comes to salary, but also when it comes to benefits and office culture.”
Malone advises companies to ensure they’re offering competitive compensation by staying abreast of salary trends and revamping benefits packages to reflect the changing expectations of new generations of workers, like Gen Z.
“To attract top candidates, consider offering additional benefits like flextime, telecommuting or employee recognition programs,” he says. “Companies that promote a healthy work-life balance will find they’re able to fill positions faster, and they may not need to offer a higher salary to do so.” Malone adds that less-conventional benefits can prove to be a wise investment in the long term, as well: Not only can they help employers staff vacancies, they’re also invaluable when it comes to retaining the best employees.
How does the Dallas jobs report affect your recruitment plans? For help with your hiring efforts, contact your local Robert Half recruiter at (855) 385-5631.