According to the most recent monthly jobs report, the seasonally adjusted Seattle unemployment rate for September was 3.7 percent, a drop of 0.9 percentage points from this time last year. Since August, 200 Seattle jobs were added on a seasonally adjusted basis.
Across the state of Washington, September’s seasonally adjusted unemployment rate was 5.2 percent, down 1.0 percent from a year prior. Additionally, on a seasonally adjusted basis, the state lost 2,200 jobs in September.
What do these numbers mean for managers looking to staff Seattle jobs?
As the Seattle unemployment rate declines, there is increased competition among companies for skilled talent. In this environment, it’s more important than ever for hiring managers to distinguish their companies from the rest. Josh Warborg, a district president at Robert Half, notes, “It’s not only the candidates who need to sell themselves. To staff mission-critical roles, employers must also sell their organizations to candidates.”
Warborg adds that staying up to date on the latest salary trends and using an updated hiring strategy can help companies get good prospects through the door. Managers should also remember that their job doesn’t stop with successful recruitment, though. He stresses that, in the current market, organizations need to work to keep the talent they have: “With Seattle unemployment at low levels and skilled talent in high demand, your employees know they have attractive alternatives elsewhere these days.” To encourage them to stay where they are, he suggests evaluating benefits packages and actively working on retention strategies. He also encourages an open-door policy when it comes to valuable employees who have left the organization. “Sometimes, your best employees will leave to pursue another path, but that doesn’t mean they won’t return. If and when they do, be ready to welcome them back.”
Are you looking to staff Seattle jobs and want advice on hiring plans? For assistance, contact your local Robert Half recruiter at (844) 839-5878.