Benchmark Search Group Hiring Insights – April 2024

Stress-Busting Hiring Strategies

April brings new beginnings… and sometimes hiring headaches. With Stress Awareness Month underway, it’s the perfect time to talk about easing those recruiting burdens AND ensuring your company prioritizes employee mental health. This month’s newsletter dives into some surprising hiring insights, succession planning support,  and why partnering with a recruiter is a smart move.

March Jobs Report Highlights

The March 2024 jobs report is in, and the numbers paint a picture of a thriving economy!
Key takeaways:

  • Robust Job Growth: The U.S. added a staggering 303K jobs, far exceeding economist predictions by more than 100K.
  • Historic Low Unemployment: The rate dipped to 3.8%, continuing a streak of sub-4% unemployment not seen in over 50 years.
  • Sector Spotlight: Hiring surges were led by Healthcare (+72,000), Leisure and Hospitality (+49,000), and Construction (+39,000).

What does this mean for the job market? For job seekers, the opportunities are there, stand out by showcasing quantifiable achievements, honing in-demand skills, and leveraging your network. Businesses, now’s the time to re-evaluate compensation packages and emphasize a positive work culture to secure the top talent you need.

HOT CANDIDATES

Senior Accountant

  • Accounting Professional with active CPA
  • Straight Big4 public with EY
  • Two busy seasons
  • Financial services working with PE and RE funds

 Assistant Controller

  • Accounting leader with active CPA
  • Over 10 years experience
  • Multi-entity and international experience
  • Currently over 4 direct reports
  • Operational accounting experience

 Assistant Controller

  • Accounting Leader with over 10 years of experience
  • Public Big 4 combo
  • Active CPA 

Senior Property Accountant

  • Degreed Senior level Property Accountant
  • Experience with intercompany accounting performing journal entries to entity from property
  • Heavy Account Reconciliations 

Senior Manager Accounts Payable

  • Degreed Accounts Payable leader with more than 15 years of experience
  • Key player in multiple system conversions and implementations
  • Experience in a variety of industries both large and small

Accounting Manager

  • Accounting degree and CPA
  • More than 10 years of experience in a job cost environment
  • Experience working with operations, project managers, and engineers

The CIA Does Not Play Buzzword Bingo

The CIA still relies on old-school interpersonal recruiting methods, like setting up an HR booth at the annual Austin conference SXSW to attract hip young candidates.

“Spies at SXSW?” you say.

Indeed. The CIA has a stake in recruiting technology talent, of course, and where better todo so than at a hub of innovation like SXSW? CIA HR recruiter Nicole told HR Brew, “I think a lot of people have learned to put in 20 buzzwords [into their cover letters résumés] but for us, it’s not buzzword bingo.”

Instead, the CIA HR crew takes short applications in person and conducts quick interviews onsite to select candidates who will be brought into a more formal vetting process.

Yes, there’s a lot of background checking and paper work involved in getting hired by the CIA, but this hands-on HR tactic makes the hiring process more efficient overall.

What Workers Want: Key Survey Takeaways

Franklin Templeton’s Voice of the American Workplace Survey has three critical takeaways for hiring managers and HR and L&D departments.

Key findings:

  • Turnover, unrealistic expectations, and low loyalty are major challenges right now.
  • Financial stress is TOP of mind for many employees, influencing their job choices.
  • Companies often THINK they’re meeting employee needs, but the reality on the ground is different.

This last point is especially important for HR leaders to consider. You might be able to rattle off a list of perks and benefits you offer your employees. But are they the right ones? And are employees actually taking advantage of them?

Your Succession Plan: Are You Prepared for the Future?

While it can be hard to widen your view of talent enough to engage in proactive succession planning, a recruiter can help manage the process so you’re better prepared for the future of your leadership.

• Future-Proofing Your Leadership: We’ll scout untapped leadership potential, both within and outside your organization.

• Assessing Internal Talent: Get an objective look at your current bench strength.

• Strategic Alignment: Ensure your succession plan supports your company’s long-term goals.

Ready to Start Your Next Search?

If you want to get better at a vocation, you hire a professional to train you. If you need legal help, you hire a lawyer.

And if you’re hoping to hire a star performing candidate, well, hire a recruiter.

A good recruiter (like, ahem, those of us at Benchmark Search) has the specific skills and the broader network to help you tap into the right candidate pool and take the appropriate steps to launch an interviewing and vetting process. A recruiter also provides a reasonable buffer between you and potential hires so that you can make informed, methodological decisions without emotional component.

If you’d like to launch a new search or even just have an exploratory conversation, reach out today.

We’re thrilled to shine the spotlight on Charm, a powerhouse in our recruiting team! Charm started with us in January, bringing over a decade of experience. She excels in strategic recruiting, people management, project management, and community partnerships. Charm is an avid traveler who sees it as an opportunity to learn and expand her network. community partnerships.



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