Jul 08, 2024 – 2 mins read Ty Peck
Monthly U.S. Labor Market Report - June 2024
The U.S. labor market showed strong resilience in June 2024, with the unemployment rate dropping to 3.6% and job openings rising to 10.3 million, a 5% increase from May. Wage growth was significant, with average hourly earnings up by 4.2% year-over-year. However, challenges such as skills mismatches and regional disparities persist. Employers are advised to invest in training, offer competitive compensation, and tailor recruitment strategies to regional conditions. Business Draft remains committed to supporting your recruitment needs with our all-in-one Applicant Tracking System (ATS). Stay tuned for more insights next month.
Jun 29, 2024 – 3 mins read Ty Peck
7 Reasons Why Small Businesses Should Use an Applicant Tracking System (ATS)
An Applicant Tracking System (ATS) is essential for small businesses, streamlining the hiring process by automating tasks like resume screening and interview scheduling. This reduces time-to-hire and enhances the candidate experience with a user-friendly application process and automated communications. An ATS also facilitates team collaboration, provides valuable analytics for data-driven decisions, ensures compliance, and scales with business growth. Despite initial costs, an ATS is a cost-effective investment, optimizing recruitment strategies and reducing hiring expenses. Business Draft’s ATS helps small businesses efficiently hire the right candidates and focus on growth.
Jun 25, 2024 – 3 mins read Ty Peck
Top Hiring Trends in 2024: How Businesses Can Adapt
In 2024, key hiring trends include the rise of remote and hybrid work, a focus on employee well-being, the use of AI in recruitment, skills-based hiring, and strong employer branding. Businesses can adapt by offering flexible work options, promoting wellness, investing in AI tools, emphasizing skills in job descriptions, and enhancing their employer brand to attract and retain top talent.