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. 

Too often candidates and employers make the hiring process much more complicated than it should be. The principle that more job seekers and hiring authorities should adopt is Occam’s razor, which advocates for simple assumptions to be used in the hiring process. Not only will this principle simplify the entire recruitment process, but it can also help employers find better candidates, and helps candidates better prepare for interviews. However, if you need further assistance in the hiring process, utilize our human resource consulting services which help candidates and employers find the best option for employment. Or, take a look below to learn more about how you can simplify the hiring process for yourself by not making complex assumptions.

Occam’s Razor and Making Simple Assumptions 

William of Ockham created the problem-solving principle known as Occam’s razor, a theory that expresses a simplified way of coming to a more beneficial conclusion. His theory states that when considering the best possibility, the one with the fewest, or most simple, assumptions should be chosen. Today, this principle can be effectively used in the hiring process because it acts as a model for both candidates and employers to follow. For example, if more people made fewer assumptions during an interview, they would be able to get to key details more quickly and with less frustration. Not only would the recruitment process and interviewing be much more simple for both parties, but it would also provide better results.

Making Assumptions  

Both the applicant and the hiring authority can benefit from making simple assumptions during the hiring process. Here’s how: 

Candidates 

Typically candidates make too many assumptions about their resume. These commonly incorrect presumptions are that their resume will be read, the person reading the resume will already know what to look for, and lastly that the reader will understand the message they are trying to convey. However, using Occam’s razor will allow candidates to better prepare their resume for what employers are actually looking for. Candidates should write their resume with the simple assertion that “I am a good employee and this is why.” This uncomplicated assumption will make their resume more clear and garner them more interview opportunities. 

And when it comes to the interview process, applicants should remember to also keep things simple. Your main goal as a candidate is to sell yourself to your potential boss. By straightforwardly explaining “here’s what I’ve accomplished and done for others and here’s what I can do for you,” you’ll easily get the attention of your interviewer and have a better probability of being considered for the job.

Interviewers

Using the simple assumption theory also helps interviewers, or hiring authorities, make uncomplicated assumptions that alleviate the stress of recruiting a new employee. Employers should consider these four simple assumptions:

These questions are uncomplicated and direct which allows hiring authorities to make better decisions in a shorter amount of time. This simplifies the entire process and typically provides better end results as well. 

Critical Thinking 

Another crucial way to find the best candidate for an open position is to test their critical thinking skills. To do this, start by giving your prospective candidate a business-related problem that would pertain to your company. Then ask them to solve the problem and analyze their results. When doing this you want to look for two key things - what their answer is (if it’s right or wrong) and how they came to this solution. The most important thing to figure out is how they think, so look for creative and surprising responses that you think will be a good asset to bring to your company. 

Also, don’t be afraid of politely pushing back during an interview. A critical thinker will defend their answer and give reasons to back up that defense. This shows the type of personality that is beneficial to have on your team and displays whether or not the candidate is confident in their own abilities.

Simplify the Hiring Process

If the hiring process leaves you feeling overwhelmed, then connect with the experts at The Applied Companies. Our human resource consulting services are designed to help candidates and employers alike throughout the recruitment process. We help candidates find their ideal job and assist businesses in hiring appropriate employees. Whether you’re looking for a career or searching for the right candidate, we’re here for you. 

the applied companies employee referrals

If you’re looking for people to hire, an employee referral program can have many benefits. That’s especially true in today’s environment, in which employment is at record levels. It can be difficult to find qualified people, and the search can be extensive.

If you have employees who go above and beyond in their work, and they know more people who could help your organization grow, having an established referral system makes those connections possible. What benefits could your organization gain from setting up a referral system?

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the applied companies setting up interview process

Most employers do not spend time thinking about the interviewing process, which can be a strategic error in the long run. Far too often, the process is overly reactive. Interviewers and hiring managers jump to a quick decision and hire one of the first candidates available as opposed to hiring the right candidate. They end up with an unstructured interview process that may or may not net the best candidates.

There’s a real need to use the interview process to identify the best candidates. The cost of employee turnover ranges anywhere from 40 to 70 percent of the position’s annual salary for service sector jobs. For supervisory positions, the cost may be over 100 percent of the annual salary.

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the applied companies simple interview tips

Everyone approaches an interview with some level of anxiety and worry about whether they will get the job or not. Making a good first impression is key, so managing the start of the interview with confidence and carrying that throughout the hiring process goes a long way.

What can you do as an interviewee to prepare for success and land your next job?

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the applied companies attract higher quality candidates

What can you do if you’re not getting candidates who are highly qualified for the positions you need? With unemployment continuing to reach historic lows, it can be tough to find the right people for the right jobs, so you face stiff competitive for high-level candidates.

If you’re struggling to find qualified applicants in Reno and across northern Nevada, The Applied Companies’ staffing team can help you build a comprehensive solution. What strategic steps can you take to attract higher quality candidates to your job openings?

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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!

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the applied companies cost of low pay rates

How do the rates of pay you offer employees stack up with those paid by competing businesses? If you aren’t aware of what the going pay rates are, and the pay is low, it can hurt your business.

In addition, many businesses, especially small and midsize ones, may decide to offer somewhat low pay rates, feeling they want to achieve greater cash flow and profits before raising salaries. That’s not a good idea in the long run, either.s

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the applied companies cost of a bad hire

Have you made a mistake and hired a poor performer for an open position? It can be very painful to realize that the person who choose at the end of a lengthy hiring process isn’t actually working out — or is actively causing problems.

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