Results Are In: 54% of Companies Fully Integrate Interns
According to a recent poll on Refresh Leadership, Express Employment Professionals blog for business leaders, 54% of companies say they fully integrate interns into their team for real hands-on experience. Another 21% said they don’t have summer interns; 10% said their interns are relegated to tasks like filing and answering phones; and nearly 9% use their interns to pick up the slack from their busy teams. Interestingly, 3% of respondents said they don’t know what their interns do all day. Some respondents selected “other” and chose to enter their own thoughts on the question. A few common responses include: handling special projects, serving as backup to full-time staff, and rotating them throughout the company to gain more well-rounded experience. Internships are a valuable opportunity for students, recent grads, and young professionals and should be thought of as a partnership. Interns are looking for a tangible experience that will help them transition into a career, while businesses get some extra help and the inside scoop on up and coming talent.
RefreshLeadership.com – Aug. 14, 2014
New Study Reveals the Qualities Employers Look For
In a separate study conducted by Express Employment Professionals, findings revealed which traits are most important when hiring a candidate for a job. The results come from the 2014 edition of the “America Employed” survey of 115 Express franchises across the nation. This is the second year Express has released these findings from its “America Employed” survey. Respondents were asked to rate various traits on a scale of one to five based on how important they are when evaluating applicants. “Attitude” topped the list with an average rating of 4.53, followed closely by “work ethic/integrity.” “Education” received the lowest average rating at 2.67. “Even the best education is no substitute for a good attitude,” said Bob Funk, CEO of Express Employment Professionals and a former chairman of the Federal Reserve Bank of Kansas City. “Of course, education is important, but while employers can teach their employees new skills, it’s much more difficult to teach things like integrity, work ethic, or attitude.”
PR Web – July 23, 2014
US Adds More Temp Jobs
The U.S. economy added 8,500 temporary services jobs in July raising the temporary penetration rate to a record high of 2.7%, according to the U.S. Bureau of Labor Statistics. The temporary penetration rate is calculated by dividing the total number of temporary services jobs by the amount of Americans currently employed. The total number of workers in the U.S. employed through staffing firms is nearly 2.9 million. Year over year, temporary staffing has grown 8.13%, cooling off since its faster pace in March. Job growth in temporary services is usually a positive indicator of the current state of employment.
Staffing Industry – Aug. 1, 2014
Consumer Confidence Continues to Improve
After its increase in June to 86.4, The Conference Board Consumer Confidence Index continued to improve in July, rising to 90.9. The Present Situation Index also increased to 88.3 in July from 86.3 in June, while the Expectations Index climbed to 92.7, up 6.3 points over June. According to Lynn Franco, Director of Economic Indicators at The Conference Board, the growth across the three main indexes is encouraging. “Consumer confidence increased for the third consecutive month and is now at its highest level since October 2007,” Franco said. “Strong job growth helped boost consumers’ assessment of current conditions, while brighter short-term outlooks for the economy and jobs, and to a lesser extent personal income, drove the gain in expectations.”
The Conference Board – July 29, 2014
US Retail Sales Fall Flat in July
Despite improvements in the labor market and increases in consumer confidence, the nation’s retail sector continues to struggle. July retail sales remained unchanged, as consumers spent more money at clothing and grocery stores, but less at auto dealerships and department stores. The slow retail sales do not correlate with booming employment, as U.S. companies added jobs for the past six months at its fastest pace since 2006. According to Joshua Shapiro, chief economist at consulting firm MFR, Inc., the slow pace of average hourly earnings growth has caused a stand still. “In order for consumers to step it up to the next level in terms of spending, you’re going to need to see wages pick up,” Shapiro said. Retail sales boomed at a 1.5% pace in March, but since have slowed down, with 0.6% growth in April, 0.4% in May, and 0.2% in June.
Wall Street Journal – Aug. 13, 2014
The US Economy Bounces Back in Q2
With a strong second quarter, the U.S. economy is seemingly shaking off negative effects of a harsh winter and the lingering effects of the 2008 recession. According to the Commerce Department, the economy grew at a seasonally adjusted annual rate of 4%, surpassing expectations. The growth was a much-needed outcome after the economy decreased at a rate of 2.1% in the winter. Experts are split on what the growth means to the overall health of the economy. Some cite that indicators, like an improving job market, were encouraged by healthy business investment and consumer spending, while other experts feel we still haven’t gotten out of the sluggish growth pattern, which has plagued the nation since the Great Recession.
The New York Times – July 31, 2014
The U.S. economy added 209,000 jobs in July, as the unemployment rate was little changed at 6.2%. The Professional and Business Services industry saw the largest growth in employment in July, adding 47,000 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: + 22,000
- Manufacturing: + 28,000
- Retail Trade: + 26,700
- Professional & Business Services: + 47,000
- Education & Health Services: + 17,000
- Information: + 2,000
- Transportation: + 7,900
- Government: + 11,000
Employment Trends is a publication of Express Services, Inc., Oklahoma City, Oklahoma. © 2014.