current state of the workforce

Current State of the Workforce: Exploring Nevada’s Unemployment Rate (Pt. 3)

There are several other factors that contribute to the current state of the workforce and the high unemployment rate. These include elements such as extended unemployment insurance (UI) benefits, a reshuffle of the workforce, childcare and school disruptions, and foreign workers’ inability to come to the U.S. for jobs.  

Extended UI Benefits

State-provided unemployment insurance (UI) benefits and pandemic unemployment assistance (PUA) were used to support those in need throughout the pandemic. The rate of $300 per week for 46 weeks made it easy for Americans to continue making roughly $17.50 an hour for almost an entire year from the comfort of their home. Because of this, there was little motivation for prospective employees to job hunt. 

Reshuffle of the Workforce

The recent significant changes in the workforce have been labeled as the “Great Resignation” as we’ve seen millions of Americans quit their jobs. Since the Great Resignation, many people have decided to change job or career paths and have jumped back into re-education. College enrollments across the U.S. increased for the Fall 2021 semester and people are looking to switch into new fields and careers. 

Many individuals who left their customer service jobs at the beginning of COVID-19 chose to leave service for good in order to pursue employment in warehouse and distribution facilities, for example. Customer service jobs are in high demand as a result of this. 

Childcare and School Disruptions

Another factor that significantly affected the current state of our workforce was parents’ ability to provide adequate childcare for their children who were no longer able to attend school in person. Most states kept public and private schools shut until the Fall of 2021. Due to this, many parents were required to be home with their children. Parents turned into teachers and more than 1.8 million women left the workforce entirely.

Lack of Foreign Workers

Foreign workers account for a large amount of job retention in the United States, but they were, unfortunately, unable to transfer into the states due to COVID health mandates. This left several industries including farming, hospitality, and ski resorts to be understaffed and at a disadvantage. 

What does this mean for the current state of the workforce moving forward?

Given the current unemployment rate and the factors involved in what makes up today’s labor force, it’s evident that the state of our workforce is taking a major turn. Employers everywhere are having difficulties hiring and retaining quality employees which are putting several industries and businesses at risk of failing. 

There are, however, resources at an organization’s disposal to help. An experienced PEO or staffing and recruiting company can help business owners and hiring managers find valuable candidates to fill their unoccupied job roles. 

Working with a professional workforce administration company, like The Applied Companies, can help set your company up for success. TAC has been part of the Reno community since 2002 and prides itself on thoughtful solutions and authentic relationships. 

Our Reno staffing solutions help employers in need of a professional, reliable, and ambitious workforce. We work to provide you with quality candidates to help you grow your business and decrease turnover to save you time and money. Connect with us today for help growing your team. 

Current State of the Workforce: Exploring Nevada’s Unemployment Rate (Pt. 2)

As mentioned in our first post on this topic, it’s evident that the American workforce looks quite different today than it did just 18 months ago. Employee behaviors, service impacts, and corporate economic difficulties are highly relevant when assessing the current state of the workforce. 

What The Current State of The Workforce Looks Like

Employee Behaviors

Some of the most significant changes in the workforce have to do with employee behaviors. Predominantly, employees are seeking higher wages, better benefit packages, flexible hours, remote work opportunities, and child care accommodations. 

The current Labor Force Participation Rate, which measures the economy’s active workforce, sits at 61.7 percent. This is 1.6 percent lower than the recorded rate in February 2020. Though this number has been declining for the past 20 years, the pandemic set off a surge of Americans choosing unemployment insurance over working full-time. 

Another statistic to keep an eye on is the quits rate. The rate is also high, currently at 2.7 percent, and is driven by employees that voluntarily leave their positions. Roughly 52-90 percent of employees plan to job search and the employees who quit have a high sense of confidence that they will find new employment.

It was also recorded that a shocking amount of American workers between the ages of 57 and 75 decided to retire in 2020. Historically, the average is 3 million workers each year, but in 2020, there were an additional 3.2 million who decided to stop working. 

Service Impacts

There are approximately 10.9 million job openings currently in the U.S., and the supply chain is being seriously impacted as a result. If you’ve visited a restaurant recently and experienced long wait times or poor service, then you’ve seen first-hand how the workforce is being affected. The lack of employee retention in restaurants has led to reduced hours of operation, limited menu items, and unavailability of reservations. Several local restaurants and conglomerate franchises have been affected, meaning restaurants on a small and large scale are at risk. 

The travel industry has also been significantly affected by the shift in the workforce. Travelers have been experiencing long wait lines due to a lack of TSA screeners, putting a great deal of strain on airport visitors. The hospitality industry is also suffering due to a lack of staffing. Hotel rooms aren’t being as well-kept because there are not enough employees to complete daily room cleaning. The same can be said of several other industries as well including retail and transportation. 

Company Reactions

Because of the high unemployment rate, employers are beginning to see changes in their economic values. The wage pressures that corporations are experiencing are calling for higher starting wages for entry or mid-level skillsets. A majority of employees are looking for starting wages of $20/hour or more with no background or drug screening. This puts employers at a disadvantage, especially when you consider the high costs of employee turnover which is already at an all-time high.   

Not only are companies faced with having to pay higher wages for employee retention, but many are also having to reduce the number of sales they make to accommodate for fulfillment deficiencies.  

Working with a professional workforce administration company, like The Applied Companies, can help set your company up for success. TAC has been part of the Reno community since 2002 and prides itself on thoughtful solutions and authentic relationships. 

Our Reno staffing solutions help employers in need of a professional, reliable, and ambitious workforce. We work to provide you with quality candidates to help you grow your business and decrease turnover to save you time and money. Connect with us today for help growing your team. 

nevada unemployment rate

Current State of the Workforce: Exploring Nevada’s Unemployment Rate

As many American business owners and employers are aware, the state of our workforce has changed rapidly since the start of the pandemic. Unfortunately, many people were forced out of their positions to limit the spread of COVID-19, putting several industries out of work for some time. Occupations involving face-to-face customer service became obsolete for a majority of the quarantine lockdown, causing millions to file for unemployment. 

Today, these job positions are coming back into demand, but our workforce has significantly changed post-lockdown, leaving most of these job openings unfulfilled. To fully understand the current state of the workforce, we need to analyze the Nevada unemployment rate and assess some of the obstacles faced by employees and employers.  

With that in mind, the TAC team wanted to take a deeper look at what is affecting the changes in the workforce and what your company can do to better understand and be prepared for these changes. We will first be analyzing the state of Nevada unemployment rate versus that national data and then dive deeper into what your company can do to stay ahead of the game. 

Nevada Unemployment Rate vs. National Unemployment Rate

In April 2020, the national unemployment rate skyrocketed to over 14 percent, the highest its been since the Great Depression. The current state of the workforce has improved some over the last year and a half, but the numbers are still relatively high. According to the Bureau of Labor Statistics, the national unemployment rate was at 4.8 percent in September 2021. 

In comparison, Nevada’s unemployment rate was and continues to be recorded as the highest in the nation. In April 2020, Nevada’s unemployment rate was a staggering 28.2 percent, which was double the national average. Since then, the rate has dropped significantly, but Nevada’s current unemployment rate remains above 7 percent. We should acknowledge these rates are driven largely by Southern NV. The unemployment rate as of September in Reno is 3.5% which is back to pre-pandemic levels.

With the numbers continuing to decline, we are seeing some improvements in the workforce. However, these statistics aren’t the only aspect of the workforce that has changed. 

To understand what this all means for your organization, working with a professional workforce administration company, like The Applied Companies, can help set your company up for success. TAC has been part of the Reno community since 2002 and prides itself on thoughtful solutions and authentic relationships. 

Our Reno staffing solutions help employers in need of a professional, reliable, and ambitious workforce. We work to provide you with quality candidates to help you grow your business and decrease turnover to save you time and money. Connect with us today for help growing your team. 

TAC NCET 2021 Tech Award Winner

TAC Is 2021’s NCET Professional Services Organization of the Year! 

In 2020, The Applied Companies has helped numerous local organizations weather the storm of COVID-19 with their Reno staffing solutions. By providing companies with a high-tech HR platform, helping to navigate new HR regulations, and improving employee retention through recruitment and workforce counseling, TAC is working to help local business professionals thrive. Additionally, in 2020 TAC was recognized as an NNHRA “Best Places to Work” Award winner with its highest finish ever.

In honor of their hard work and diligent service to their community, NCET, Nevada’s Center for Entrepreneurship and Technology, announced The Applied Companies as the 2021 Professional Services Organization of the Year! TAC’s recognition in this category symbolizes countless hours of dedication by our team to ensure that our clients are prepared to endure whatever the future may hold.

Learn more about NCET and The Applied Companies below!

What It Means To Be NCET’s Professional Services Organization of the Year

NCET produces a wide range of programs and events to help people explore business and technology in the hopes of encouraging and empowering entrepreneurs to succeed and flourish.

The NCET Technology Awards celebrate the Northern Nevada individuals and companies who have greatly enhanced the growth and prestige of the technology community, while the EDAWN Awards recognize the people and resources that have played an integral part in contributing to the growth of our entrepreneurial community.

If you’re interested in learning more about the innovations and achievements occurring in Northern Nevada’s technology and entrepreneurial community, visit NCET Tech Awards for tickets to the Showcase and Awards Gala.

The Applied Companies – Executive Search Consultants in Reno, NV

The Applied Companies is the largest locally owned and operated workforce firm in Northern Nevada. We’ve been actively helping the community with their workforce and employment needs since 2002 by providing human resource and employer benefits services, as well as staffing solutions and executive search for employers and candidates alike.

We enjoy being able to help businesses succeed by providing creative, honest, and ethical human resource solutions that are designed specifically for you. Our customized solutions and services are created specifically to meet the unique needs of your business. Our knowledge of industry standards and understanding of the workforce helps us find the right job for those looking for employment.

Our biggest goal as a staffing agency is to help local Reno businesses and business professionals grow in their industry. Whether that means helping you find qualified and motivated staff, or giving you the necessary HR tools you need to succeed, we’re here to help. Taking care of our employees and providing excellent customer service are our top priorities.

Services

We offer services that aid business owners and entrepreneurs with all of their workforce needs from recruiting qualified staff to providing all of your HR essentials. We also provide services to associates looking for employment including resume building and developing job interview skills. Take a look at just some of the solutions we provide:

Executive Search

  • Resume coaching
  • Interview coaching
  • Skills matching
  • In-depth interviewing
  • Candidate screening
  • Innovative and creative recruiting practices
  • Sourcing of both active and passive job seeker

Staffing

  • Resumé building
  • Job interview skills
  • Software practice and assessments
  • State certified in-house drug screening
  • Background checks
  • Full interview and screening before submitting for your review
  • I-9 verification
  • Skills and proficiency testing

HR/Benefits

  • Employee onboarding
  • Custom handbooks
  • Custom job descriptions
  • HR training
  • Hiring and termination assistance
  • Payroll software
  • Direct deposit and pay cards

Reno NV Staffing Solutions from TAC

Now, celebrating the NCET Technology Awards’ 14th year, TAC has the honor and privilege to be included in the list of those who have contributed so much to the technology community. We have amazing clients and a wonderful staff, and this award is a testament to all of their hard work over this uncertain and grueling past year.

Connect with us today to see how we can help you and your business grow.

the applied companies best questions to ask interviewers. staffing agency

Unemployment Coming to an End? A Staffing Agency Can Help

The recent pandemic has left millions out of work and the unemployment rate has skyrocketed as a result. While there were additional funds granted to help aid the surge in unemployment, those funds are starting to dwindle. With unemployment coming to an end, people everywhere are starting to get back to work, but they’re having to find new jobs due to business closures and cutbacks. Fortunately, a great Reno staffing agency, such as The Applied Companies, can help. We’ll make finding a job during COVID-19 the least of your worries. 

See how we can help you land the job you want by offering help with resume writing, interviews, skills testing, and more. 

working during covid

Resume Writing

Landing the perfect job takes a bit of preparation. Your resume presents potential employers with their first impression of you, so it’s crucial that it adequately reflects your skills and knowledge related to the position you’re applying for. Some resumes lack the information hiring executives are looking for, which means they’ll likely move on to the next candidate rather than give you a chance in an interview. Resumes should be kept short and concise to show the employer why you would be an asset to their company.

We’ll help job seekers write their resume to be tailored to the job position they’re applying for. By helping candidates highlight the assets and skills they have that are relevant to the position available, they have a greater chance of being considered for employment.

Interviewing

Interviewing is another critical step in the hiring process that needs to be mastered to get the job. This is where the employer gets a better understanding of who you are and what you can or cannot do for the company. It’s important to display your understanding of the industry and to present your most professional self to the interviewer. 

The Applied Companies can help job seekers develop the confidence they need to navigate their way through the interview process. From learning how to act professionally to developing key communication skills, you’ll learn how to impress future employers and hopefully sell yourself as the best candidate for the job. 

Skills Testing 

Industry testing is one of the most beneficial services we provide job seekers as it helps determine a candidate’s skills. This will help the staffing agent identify your specific abilities and lead you to the job best suited for you. We can also give you suggestions and provide feedback for the areas that need improvement.  

Benefits 

Working with The Applied Companies to find a job during COVID-19 has many advantages, including the benefits that are available to some employees. TAC works with companies that provide benefits such as healthcare and retirement to employees. With the current pandemic and limited job opportunities, this is major for any job seeker. 

Work with a Reno Staffing Agency  

Let a premier Reno staffing agency help you find your ideal job today by making the hiring process quicker, more targeted, and more convenient. The Applied Companies is here to help! Learn how we can help you prepare for the job you’ve been waiting for. 

 Look for a Job

Holiday Activities in Reno, NV for the Whole Family

the applied companies holiday activities in nevada

The winter holidays are a great time to check out activities for the whole family. Nevada is full of special wintertime fun for all ages and all interests. Here are seven of our team’s top holiday activities around the Reno area and across northern Nevada!

Read more

10 Winter Activities to Enjoy in Reno and Lake Tahoe

the applied companies winter activities reno lake tahoe

Whether you’re a native of the Battle Born state or have just moved here, Reno and Lake Tahoe are full of exciting activities of all types. Here are 10 winter activities our employees identified as some of their favorites.

Read more