"Why Do You Want this Job" Most Popular Interview Question
Refresh Leadership, a blog for today’s business leaders, recently asked “If you could ask a job candidate only one question during an interview, what would you ask?” The question respondents thought was most telling in an interview was “Why do you want this job?” with 27% of the votes, followed closely by “Can you describe a difficult work situation and how you handled it?” with 24.9%. Rounding out the list, “What is your greatest strength and weakness?” received 14.82%, “Why are you leaving your current job?” had 11.19%, and “What are your major career objectives?” came in last with 8%. 14.52% selected “other,” giving various questions they would prefer to ask, including “How do you handle stress," "How does change affect you,” and “We interviewed candidates with more experience, why should we hire you?” The division between questions shows every hiring manager approaches the interview process differently.
RefreshLeadership.com – June 11, 2013
Consumer Confidence Index Improves in May
Consumer confidence experienced back-to-back gains in April and May, indicating consumer confidence is regaining traction after decreases in the beginning of 2013 due to the fiscal cliff, payroll-tax increase, and sequester, according to The Conference Board Director of Economic Indicators, Lynn Franco. The Conference Board Consumer Confidence Index, which is based on the monthly Consumer Confidence Survey, increased in May to 76.2 (1985=100), up from 69.0 in April. The index reading of 76.2 is the highest it’s been since February 2008 when it was 76.4. Consumers were also more optimistic about the business outlook and job market. In May, 18.8% of consumers felt business conditions were “good,” up from 17.5% in April, and 19.2% expected business conditions to improve over the next six months, up from 17.2% in April. Consumers’ outlook on future job market improvements also increased from 14.3% in April to 16.8% in May.
The Conference Board – May 28, 2013
May Retail Sales Exceed Expectations
Retail sales rose at a higher rate than expected in May as consumers showed growing confidence in the economy. Following a modest 0.1% increase in April, spending in May increased 0.6%, the largest gain in three months. Although government spending cuts were projected to slow growth, the improving job market, higher home prices, and a 13% gain in the Standard & Poor’s 500 index all helped to increase consumer confidence and drive demand at department stores and car dealerships. May’s retail boost exceeded expectations of leading economists. The Bloomberg survey, made up of average forecasts of 83 economists, projected a 0.4% increase in sales. Bloomberg also projected household spending to grow at a 1.9% annualized rate during the second quarter, following a 3.4% rate experienced in the first quarter of 2013.
Bloomberg – June 13, 2013
69% Not Measuring "Quality of Hire"
A report by Hudson RPO and HRO Today Institute revealed that 85% of companies that measure "quality of hire" say it positively impacts hiring, while 69% of companies are still not measuring it at all. The survey also found that 45% of respondents had discussed the issues but don’t have plans to create a measurement process. Another 15% at least had a plan to implement measurements, and 9% said they are not discussing the issues. When asked which factors have the greatest impact on quality of hire, 61% said it had a positive impact on hiring manager skills, 59% said it helped recruiter skills, and 58% said it benefits the recruitment preparation process. According to Manuel Marquez, chairman and CEO of Hudson Global, Inc., measuring quality of hire is a great tool to sustain business success and create and maintain a competitive advantage.
Staffing Industry – June 12, 2013
Gen Y Workers Guiding with Tech Savvy
Companies are embracing Millennials’ approach to innovation and work attitude. According to Quicken Loans CEO Bill Emerson, fresh eyes can help people see certain things that can be improved on in an organization, regardless of one’s tenure or age. Although more-seasoned professionals may accept certain office norms, Millennials are proving to not accept the mantra “this is why we do it because we’ve always done it this way.” At Quicken’s headquarters in Detroit, 55% of the 10,000 employees were born after 1980, and the new, tech-savvy generation is helping the company stay focused on technology and “new and innovative solutions,” Emerson said. The younger workforce has been instrumental in establishing smartphone apps that make their headquarters more efficient and productive.
USA Today – June 10, 2013
US Temp Jobs Higher in May
The U.S. economy added 25,600 temporary employment service jobs in May, according to a report by the U.S. Bureau of Labor Statistics (BLS). Compared with May 2012, temporary employment rose by 7.46%. The temporary penetration rate, which is the percentage of temporary positions to overall employment, also rose from 1.96% in April to 1.98% in May. Overall, temporary positions made up 2.68 million jobs in the U.S. in May. Temporary help services jobs have also increased month-to-month since September 2013 and have only decreased once since May 2012.
Staffing Industry – June 7, 2013
The U.S. economy experienced strong growth in April, though the unemployment rate remained essentially unchanged at 7.6%. The unemployment rate has edged down 0.3 percentage points since January 2013. The private sector added 175,000 jobs in May, while the Professional and Business Services industry saw the largest growth in employment of all industries, adding 57,000 positions. Learn more from the recent employment report from the Bureau of Labor Statistics and view the unemployment rate in your state.
Major Industry Employment:
- Construction: + 7,000
- Manufacturing: - 8,000
- Retail Trade: + 27,700
- Professional & Business Services: + 57,000
- Education & Health Services: + 26,000
- Information: + 3,000
- Transportation: - 3,900
- Government: - 3,000
Employment Trends is a publication of Express Services, Inc., Oklahoma City, Oklahoma. © 2013.