This past September, the BLS reported that unemployment dipped to 3.5%, marking the lowest unemployment rate since December 1969. Job growth hit a high of 5.9 million open jobs in September as well. All good news for the economy and for job seekers, but employers are beginning to feel the squeeze of the tightening labor market.
With worker confidence boosted and growing job opportunities, the quit rate is climbing higher and higher: This past July, 2.1% of all private sector employees quit their jobs. ERE estimates that at this rate, just a little over a quarter of all private sector employees will voluntarily quit their jobs by the the end of the year.
In our recent 2015 Employer Branding Study, we found that 75% of job seekers consider an employer’s brand before even applying for a job. Employers are pressured to not only retain their best employees but to take the opportunity to hire top performers who are looking to make a change. Companies are now focusing on ways to enhance and protect their employer brand so that they can keep and attract the best talent.
Here are 15 employer branding statistics that every HR pro should know: