Labor Market Update First Quarter 2021 - Graham Personnel Services
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Labor Market Update First Quarter 2021
Topics
• Current Employment Data
• Workforce Statistics
• Unemployment Benefits
• Current Pay Rate Trends / Job Openings
• Recommendations
Graham Personnel Services ∙ www.grahamjobs.com ∙ 336.288.9330
Labor Statistics Week ending
February 20:
Initial Claims for Unemployment Insurance 730,000
Weekly Claims in 2020
Graham Personnel Services ∙ www.grahamjobs.com ∙ 336.288.9330
Labor Statistics
• Total nonfarm payroll employment rose by 49,000 in January.
• Workforce in February 2020 = 152.5 M
• Workforce in January 2021 = 142.6 M
BLS Official Unemployment Rate
for January = 6.3%
(Down from 6.7% in December)
The total number of people claiming benefits in all programs for the week ending February 20 was
730,000, a decrease of 111,000 from the previous week. There were 2,130,673 persons claiming benefits
in all programs in the comparable week in 2020. (Department of Labor)
Graham Personnel Services ∙ www.grahamjobs.com ∙ 336.288.9330
Labor Statistics
Graham Personnel Services ∙ www.grahamjobs.com ∙ 336.288.9330
Workforce Survey
We surveyed over 12,000 candidates who are active in our system from around the Triad.
What job most resembles your current position?
What is most important to you
when you are looking for a job?
Graham Personnel Services ∙ www.grahamjobs.com ∙ 336.288.9330
Workforce Survey
What shift do you prefer to work? What shift structure do you prefer?
Graham Personnel Services ∙ www.grahamjobs.com ∙ 336.288.9330
Workforce Survey
What is the minimum amount of shift
differential you would require to work and stay Are you actively looking for another job?
on a shift other than 1st shift?
Graham Personnel Services ∙ www.grahamjobs.com ∙ 336.288.9330
Workforce Survey
Has the pandemic affected your desire or ability When thinking of returning to work or starting a
to go to work? new job, what is the single most important thing
to you?
Graham Personnel Services ∙ www.grahamjobs.com ∙ 336.288.9330Workforce Survey
In general, do you think most employers How concerned are you about COVID-19? 1
understand the difficulties on their average being not concerned at all, 10 being very
workers caused by the pandemic? concerned.
Graham Personnel Services ∙ www.grahamjobs.com ∙ 336.288.9330Unemployment Benefits
◦ Stimulus Proposal #3: This latest stimulus package
Basic criteria for qualifying for unemployment calls for a $1,400 stimulus payment. The big news is
benefits: that the payment will include adult children that are
claimed as dependents.
• Unemployed through no fault of your own
◦ People will see the 3rd stimulus check in mid-to late-
• Meet work and wage requirements March.
• Willing and ABLE to go to work ◦ The bill also extends a per-week $300 jobless
• Actively seeking employment insurance boost until Sept. 6. That’s on top of what
beneficiaries are getting through their state
States are modifying requirements: unemployment insurance program ($350 for NC).
• Eliminating waiting period ◦ Additionally, the measures provide a 100% subsidy of
COBRA health insurance premiums to ensure that the
• Eliminating “seeking employment” as a laid-off workers can remain on their employer health
requirement plans at no cost through the end of September.
• Adjusting definition of “ABLE” ◦ In some instances, this means candidates are making
more money by not working!
https://www.cnbc.com/2021/03/12/stimulus-check-update-irs-started-processing-payments.html
https://www.clickondetroit.com/consumer/help-me-hank/2021/03/15/3rd-stimulus-check-update-how-to-track-your-1400-payment-from-irs/
Graham Personnel Services ∙ www.grahamjobs.com ∙ 336.288.9330Labor Participation Rate over the last 50 Years
Labor Force Participation Rate in the United States averaged 62.87 percent from 1948
until 2021, reaching an all time high of 67.30 percent in January of 2000 and a record
low of 58.10 percent in December of 1954.
Graham Personnel Services ∙ www.grahamjobs.com ∙ 336.288.9330Graham Personnel Services Hiring Stats
• Temp-to-hire: We will fill about 180-245 positions a week, depending on
clients needs.
• Direct Hire: We are filling on or around 70 direct hire positions per year.
• Applicants: we are going to see somewhere between 11,000-13,000 new
applicants this year. Managing a database of 101,000 total applicants with
approximately 14,000-16,000 available applicants in our system.
• Employers: Average 1,000 Temps daily on assignment
Graham Personnel Services ∙ www.grahamjobs.com ∙ 336.288.9330Current Openings
• We currently have more openings than we have ever had in the history of our
company.
• We are consistently seeing over 600 open positions with over 80 companies,
just in the Triad.
• The demand for labor, specifically with our manufacturing, warehousing, and
supply chain and logistics clients, is at an all time high.
Graham Personnel Services ∙ www.grahamjobs.com ∙ 336.288.9330Graham Personnel Services ∙ www.grahamjobs.com ∙ 336.288.9330
Light Industrial Salaries in the Triad (NC)
• How much does a Light Industrial Worker make in the Triad? The average Light Industrial
Worker salary falls between $11.94 - $13.79/hr. Salary ranges can vary widely depending on
many important factors, including shift, experience, and skill level.
Updated March 26, 2021
Graham Personnel Services ∙ www.grahamjobs.com ∙ 336.288.9330What does this mean for employers?
• The demand for qualified workers is greater than the supply of qualified workers.
• Companies are competing against aggressive unemployment benefits and stimulus packages
from our government. Money is Free.
• New applicant recruiting flow is not in line with current unemployment rates.
• Pre-COVID pay rates are no longer competitive in a post COVID environment. Competitive pay
rates are crucial to retain a qualified work force and attract new entrants. We are seeing pay
rate wars with competing companies in our area.
• Furloughed employees expect to go back to jobs.
• Some people are genuinely concerned about contracting the virus.
• We are expecting increased State Unemployment taxes and Federal Unemployment taxes.
Graham Personnel Services ∙ www.grahamjobs.com ∙ 336.288.9330Recommendations
• Adjust starting pay rates to become competitive in the marketplace and do it fast.
• Increase starting pay rates for General Warehouse Positions: $13-15 and Forklift Positions: $14-16 per hour to attract the current
workforce.
• Partner with a staffing service to further increase your recruiting options and capabilities.
• Reduce screening requirements and barriers to entry to broaden applicant pool. Eliminate in-person interviews for
unskilled positions.
• Increase training for entry level applicants or accept someone with no experience and train them on the job.
• Adjust shift differential to attract great workers to the 2nd, 3rd, and 12-hour shifts. Keep shift starting and ending times as
stable as possible, be consistent. Consider adding part-time/ flexible shifts on weekends to reduce mandatory overtime.
• Offer childcare and transportation accommodations. In-office school, for example.
• Change attendance policy to accommodate the current environment and challenges.
• COVID Health and Safety policy and effective communication to the workforce.
• Remember: Employees have many choices.
Graham Personnel Services ∙ www.grahamjobs.com ∙ 336.288.9330How Can We Assist With Your Staffing Needs?
If you have any questions about Graham Personnel Services or need assistance
with your staffing needs, please feel free to visit www.grahamjobs.com or
contact us at marketing@grahamjobs.com and we would be happy to assist.
Graham Personnel Services ∙ www.grahamjobs.com ∙ 336.288.9330424 Gallimore Dairy Rd, Suite A, Greensboro, NC
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