The US economy has been persistently improving with the unemployment rate under 5%, and there is a lot of anecdotal evidence that we’re getting ready to pour some lighter fluid on the hot coals, especially in the manufacturing arena. Plastics Industry Association President & CEO Bill Carteaux recently stated “On the heels of the arrival of a new Congress and, soon, a new Administration…the plastics industry will be such an important part of the effort to support job growth in manufacturing.”
There is a very real chance that the war for talent is going to escalate through 2017 and beyond. In the long run, the companies with the best people will outperform the competition, and in a firming economy and job market a rising tide will lift all the boats, but there will be relative winners and losers.
Many of our best clients are being proactive and identifying critical hiring needs now, for Q1, but also looking ahead 1-2 quarters. The ‘wait and see’ approach that worked pretty well for companies in the past may be quite risky going forward. If you would like a ‘no obligation’ consultation on your key hiring strategy, please reach out to us. Now is the time.