Benchmark Search Hiring Insights – June 2024

Tune into the monthly Bureau of Labor Statistics job report, and you could easily get anxious about the state of hiring. The job market remains strong, putting organizations in a position of competing against each other for the best talent

This means leveraging wages, benefits, perks, culture and more to attract candidates. As HR Brew puts it, “The jobs report shows that candidates have a lot of options,” so why would they choose you?

In this month’s newsletter, how to appeal to the new demographic of Gen Z workers, the difference between orientation and onboarding, and the innovative idea of “unhappy leave.”

May Jobs Report Highlights

May Jobs Report: U.S. Economy Surges with Significant Job Growth!The latest jobs report reveals a resilient U.S. economy, defying expectations with substantial growth!

  • Robust Job Growth: The U.S. economy added a robust 272K jobs in May, far exceeding economists’ predictions of 185,000 jobs.
  • College Grads See Improvement: Unemployment among college graduates dropped to 2.1%, a positive sign for new job seekers.
  • Slight Increase in Unemployment: The unemployment rate rose slightly to 4.0%, up from 3.9% in April.
  • Sector Spotlight: Hiring surges were led by Healthcare (+68,000), Leisure & Hospitality (+42,000), and Professional Services (+32,000).

May Jobs Report: U.S. Economy Surges with Significant Job Growth!The latest jobs report reveals a resilient U.S. economy, defying expectations with substantial growth!

Hot Candidates

Controller – North Dallas

  • Accounting Degree from Oklahoma State University
  • Public Combo, CPA
  • 20 years experience – extensive in the entertainment industry

Controller – FTW

  • BS and MS in Accounting from Abilene Chistian
  • Public Combo, CPA
  • 10+ years experience – oversees Accounting, Purchasing, IT, and HR

Fund Accounting Director

  • CPA
  • Big4 public combo with more than 20 years of experience in investment management
  • Has lead a team of 20, doing fund admin for PE clients
  • He has excellent communication and strong leadership skills

Assistant Controller

  • Master’s, Bachelor’s Accounting
  • 20 years of experience
  • Construction/project accounting experience

Accounting Manager, CPA

  • BBA and Masters in Accounting from Abilene Christian University
  • Public Combo, CPA
  • 12+ years of experience
  • Heavy financial reporting throughout career

Accounting Manager

  • Big 4 Combo, CPA
  • 8 years experience
  • Corporate Accounting, GL Accounting, Internal Reporting, Management Reports
  • $120-125k

Senior Real Estate Accountant

  • Accounting Degree
  • 15 years of combined experience
  • Real estate experience includes multi-family, commercial, industrial

Audit Manager

  • Master of Accountancy from Texas A&M and an MBA from The college of William and Mary
  • Big 4 Public combo working with Deloitte and Grant Thornton
  • Heavy audit and technical Accounting Manager with over 12 years of experience

Senior Internal Auditor

  • BS in Accounting from University of AK at Fayetteville
  • 7+ years of experience
  • At current role, 80% of role focused on SOX and the other 20% was more operational

Gen Z: What Are They Looking For?

Looking to appeal to the up-and-coming generation of professionals known as Gen Z? Here are some of the things they look for in a job, according to freelance talent platform a.team:

– 4-day workweeks

– Flexible work

– A freelance lifestyle

None of the above describe your company? Don’t sweat it. You simply need to work with a good, ahem, recruiter. Those of us in the hiring trenches every day know that statistics and demographics be damned, there’s a perfect candidate for nearly every job. You simply need the right tools and resources to find that person.

Orientation Vs. Onboarding

If you’re using the terms “orientation” and “onboarding” interchangeably, you’re doing it wrong.

Orientation is the immediate process that happens when a new person shows up on their first day. It typically includes a lot of paperwork, signatures and basic IT business.

Onboarding, on the other hand, is a longer process. It starts with orientation, but ultimately it’s a more comprehensive process of integrating people into company culture and helping them thrive in their roles with the right support.

Think of orientation as the first step of onboarding. But onboarding lasts for weeks. Ideally, it’s sometimes — but not entirely — a formalized process. And it’s especially important, by the way, for remote employees.

Suggested Summer Reading

Looking to appeal to the up-and-coming generation of professionals known as Gen Z? Here are some of the things they look for in a job, according to freelance talent platform a.team:

I must confess that I am not much of a beach read kinda person. If I have time to read, I like to use that time wisely. My taste runs more toward the educational end of the spectrum, versus a good romance or mystery novel.

To that end, here’s what I have on my list for this summer:

  • Brave New Words by Sal Khan — on why and how AI will transform education
  • Analog by Robert Hassan — The desire for real experiences in a digital deluge
  • Zero to One: Notes on Startups, or How to Build the Future by Peter Thiel
  • “Unhappy Leave”

    The happiest we’ve ever been at work? In the midst of a pandemic, believe it or not. Now, with the pandemic behind us, employee happiness is plunging, according to many surveys. Particularly unhappy industries, according to BambooHR, include healthcare and hospitality.

    One innovative solution for combating workplace stress? The Chinese supermarket chain Pang Dong Lai offers workers up to ten days a year of “unhappy leave.” The company’s founder and chairperson says: “Everyone has times when they’re not happy, so if you’re not happy, do not come to work.”

    It’s no secret that mental health concerns, stress and general malaise are more and more prevalent today. The BambooHR report claimed that “Employee happiness is plunging dramatically, with no signs of recovery.” Maybe you yourself have taken “mental health days” in the past, but they probably weren’t authorized as such by your employer. This more direct approach is intriguing.

    Of course, if your employees did not come to work every time they simply weren’t in the mood, that probably wouldn’t be too great. But finding a way to acknowledge employee mental health is the key here.

    Speaking of mental health, I hope your summer is off to a fantastic start. If you need help sourcing or nurturing new candidates, reach out at your leisure.

    Employee Spotlight

    We’re thrilled to shine the spotlight on Matt Spainhour, a former financial services professional, transitioned to recruiting in 2018.

    His experience in relationship-building led to top rankings in client billings at a global firm. Now at Benchmark Search, he leverages his skills to match top accounting and finance talent with clients. 

    A Texas native, family man, and sports enthusiast, Matt balances professional success with community involvement and family values.



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