In 2018, businesses created an average of 210,000 new jobs while unemployment fell to 3.7%. Wages, which have long stagnated, are finally starting to rise.
This tight labor market is creating a challenge for employers who are aggressively competing for qualified employees, and organizations are finding there are simply not enough candidates for them to consider and that they need to “cast a wider net,” to fill positions.This shift in risk tolerance has a significant impact on the background check process.
In this paper, we look at:
The impact of low unemployment on recruiting
Changes to the hiring and screening process
What employers need to know about the candidate experience