According to the most recent monthly jobs report, the seasonally adjusted Seattle unemployment rate for March was 4.9 percent, a slight decrease from last month. During the same reporting period and also on a seasonally adjusted basis, 4,300 Seattle jobs were added.
The seasonally adjusted unemployment rate for Washington came in at 5.8 percent in March, unchanged from the month prior. Month over month, the state added 9,000 jobs, also on a seasonally adjusted basis.
How do these numbers affect employers and managers looking to staff Seattle jobs?
According to Robert Half District President Josh Warborg, the decline in the Seattle unemployment rate coupled with the number of open positions means area employers need to not only refine their hiring strategies but also focus on retention.
“Employers are pressed for top talent in the current market and we’re seeing that more employees are willing to leave their jobs for a better offer,” Warborg says. To stop this from happening, he suggests managers benchmark salaries to ensure they’re keeping up with the competition. Another way to bolster retention efforts is by providing employees with career paths and offering ample opportunities for professional development, he notes.
Warborg also recommends managers consider alternative hiring strategies to keep candidate searches from stagnating. “If the hiring process stalls out, promoting from within or re-hiring former employees can help fulfill staffing needs,” he says. Both strategies offer the benefit of a shorter learning curve, which means these hires can begin adding value almost immediately.
Looking for top Seattle talent? Your local Robert Half recruiter knows the market. Call (844) 839-5878 today.