If it seems like sourcing qualified teams is becoming an increasingly tricky task, it is. Job vacancies are at a 15-year high, time to fill takes up to 42 days on average and the talent shortage is hitting its peak. Furthermore, candidates are more brave to share their experiences with a company online through career review sites like Indeed, Glassdoor and FairyGodboss, in addition to sharing experiences with friends and family through social media. Employer branding can only carry you so far if your candidates or employees are having negative experiences, then sharing them. 55% of candidates will quit an application after reading a bad employer review online and only 45% of employers don’t monitor those reviews. Additionally, well over half of candidates (78%) say the overall candidate experience is a clear indicator of how a company values its people.

The market for talent has always been and always will be changing. From the time the first help wanted sign was hung from a shop window to today when it’s hard to tell if we’re in high unemployment or the gig economy. However, for the last 15 years, ClearCompany has been working in the talent economy, and we’re here to identify the trends most likely to impact your role as an HR professional. Plus, we’ll give you some tips to get ready for what 2019 has in store!

The Bureau of Labor Statistics reported a monthly quit rate of about 2%, making the insights and data analysis of exiting employees extremely valuable. When an employee departs your company, you probably have at least a vague idea of the reason, whether it was mandated by leaders, voluntary or due to retirement; but without exit interviews, you’re left with nothing to put back into your talent management strategy, and a huge bill. The average cost of an exiting employee ranges from tens of thousands of dollars, to 1.5-2.0x the employee’s annual salary.