With each new year comes new professional trends. So, what should you expect in employment trends for 2019?
While much of what you’ll see in the coming year will depend on your industry, your location and your individual business needs, there are some overarching trends that you should keep your eye on. Here are five of them.
1. Low Unemployment
Unemployment has been steadily falling since 2010, and at the end of 2018, the national rate was below 4 percent. That is great news for you and your neighbors—but it can make hiring a bit more difficult for your organization. Accordingly, finding available talent that wants to work for your business may be difficult, especially if you are in a competitive market.
You may see companies offering better training, recruiting in non-traditional ways and offering flexibility as well as increased pay. As of July 2018, wages were officially at their peak; and as long as the economy keeps humming, we’ll likely see wages continue to climb. Be prepared for your organization to offer employees raises (or something else valuable) in order to keep them from jumping to competitors.
To keep reading, click here: 5 Employment Trends You Can Expect to See in 2019
I hope you’re right about Low Unemployment continuing. However, in America, our economy is currently somewhat volatile, we are overdue for a stock market correction, and some even fear another Recession. I do think something may happen regarding health care benefits. Protecting coverage for pre-existing conditions — for example — was a major issue in the Mid-Term Elections, and there may be bi-partisan support for some type of health care legislation.
While I am sure the statistics about unemployment are mathematically correct, I doubt that reflect the real world, especially if you take into account under-employment. I know whenever we have a job posting there are many people who apply for it. Also, I am currently underemployed and I doubt that I am the only person.
There are six official unemployment rates. The one that shows up in the news (U-3) is based on people who are actively looking for work in ways the government is aware of. Once unemployment runs out, most people drop off that list. A lot of people dropped off during the recession that started in 2008, and have never gotten back on. U-6 (which is pretty much everybody who is available for work, many of which have not been actively looking recently, including people working part time purely for economic reasons) generally runs about twice the U-3 rate (7.6% as of November). How many people have dropped off of U-6 is impossible to measure, but the current U-3 is deceptively low right now.
Thanks for that information! I believe that 7.6% number (U-6) more accurately reflects the real world situation.
It’s more accurate, but still deceptively low compared to anything prior to the recession (during out lifetimes, at any rate). A lot of people have just dropped out of the workforce and given up. They’ll slowly trickle back in, but it will take years.
In any event, now is a good time to be looking for a job, at least compared to a few years ago. Employers are *finally* starting to realize they need to a) pay more, and b) train more, or they’re just not going to find people to hire.
That “low” unemployment number is merely based on the number of people who have applied for unemployment and it has nothing at all to do with number of people who have no jobs. What we really should be evaluating is the number of people on benefits which is rising. In the USA alone, 46% are on benefits of some kind and the majority are able bodied single adults, who can’t find a job with a fair wage to not need any benefits. (Blame that on the trend to hire only part time contract employees)
Healthcare insurance is at a stalemate because the insurance companies demand that the government insures that will substant a profit while giving coverage to those who can’t pay for the coverage. The main reason this issue has been had to address has nothing to do with giving patients healthcare but making sure the insurance companies make money. There’s no transparency upfront in costs, no transparency upfront of what services are covered, etc. I am on Medicare and I have to be an involved patient for all my services because there’s a big push to pass cost coverage to me, especially since I don’t have the Medicaid option to slip unneeded costs on to bill. Because the individual states expanded coverage for those who can’t afford healthcare by using Medicaid that coverage services has become a minefield of what services can be covered, which are changed monthly. I have a daughter who does the filing for the claims for all insurance and she has told me about the lack of communication to the doctors as to coverage and the lack of understanding by patients of what services they can get, especially those who have the “free” healthcare, who assume everything is free and services are given freely. Doctors want to take care of their patients but they also should get paid. The price of the services and the amount covered has not been standardized but based on profit level achieved by insurance, which has absolutely nothing to do with patient care. So until this is settled, there will be problems with healthcare—my advice stay healthy as possible.
Harrasment if any form will continue to problematic as the #METOO movement just encouraged the “boys “ club to draw reins In tighter. The focus should be on better education system which encourages individual thinking rather than mob thinking. Our colleges have become less of a place to learn how to think and more of place to escape reality of life. Too many people have gone to college and learned nothing about dealing with living life as a functioning member instead of feeling that the government owes you.
Technology and data privacy should be included together when used in a business setting. Whatever ever technology used is not mandated by each individual employee but what serves the business best. No business transactions can be done except through a specific program to guarantee security from any internet viruses. ( especially sensitive information). Yes any use of business technology should be highly monitored as there’s no such thing as full privacy in business. Anyone who feels this is wrong doesn’t know the difference between a private computer and a company computer. You can’t use your own computer at work. You can be issued a “company encrypted one” but that too is monitored. In other words, personal surfing the internet is monitored and may be limited. Access to files on computer may be limited to increase control of information. And this is just the tip of using technology but once it is setup properly and an IT personnel is in place, you will ready to evolve business even set up social media accounts.
As a job-seeker, I would love to see better training. The trend of looking for a unicorn with every single item on the wish list needs to end. Don’t look for one; MAKE one. If an applicant has good base or transferable skills, you can teach them how to do the job with your resources. This would make it easier for people to change careers. It used to be this way; I see no reason why it can’t be again.
As for software evaluating candidates, I’m sorry, but there is no substitute for a human doing this job.
A booming economy and JOBS, thanks to one man..TRUMP