In February, the Bureau of Labor Statistics reported that the federal unemployment rate had fallen to 5.5% – its lowest level since May 2008. While many argue that this number is deceiving, it’s clear that confidence is returning to the job market.
In fact, a recent survey of over 2,500 Beyond members found that 47% of job seekers are confident that they will find a job in 2015 – a 9% bump from 2014.
They’re right to be confident. If there’s one hiring trend that experts can agree on, it’s that the balance of power has shifted to candidates for the first time in years. As companies ramp up their hiring and new jobs are created, competition for candidates – especially skilled workers – is on the rise. Today’s job seekers realize they have more leverage in the hiring process, and companies will need to take a hard look at their recruitment tactics if they want to stay competitive.