FPC Quarterly Report 2011 Q4 : Page 1

Building your employment brand quarterly report January 2012 Best of the best Stellar employees are constantly growing their skills Table of Contents ISM: December 2011 report Pg. 1 Stellar employees are constantly growing their skills Pg. 1 Ask right questions to managers, not just job candidates Pg. 2 Use of social media as an HR tool continues to evolve Pg. 3 FPC’s web poll results on ‘The Recession and the Professional Workforce’ Pg. 4 HR Spotlight: : Ben Venue Labs Executive Director of Human Resources Pg. 4 n many industries, the economic recession has given way to a shortage of top talent. Competition for candidates with the right qualifications for certain jobs is stiff, and HR departments need to take a proactive approach to recruiting the “best of the best.” Sharlyn Lauby, SPHR, CPLP, the author of the blog “HR Bartender” and president of ITM Group in Gainesville, Fla., says that while not all industries are experiencing a surge in re-hiring or hiring for new positions, organizations across the board are evaluating the job requirements and skills Lauby necessary for each position I within the company. This means HR departments may have to reach into a small pool of top talent to meet new needs. “The skills that a job required five years ago may not be the same today,” she says. Lauby adds that to prepare for these transitions, it’s best for companies to recruit continuously, whether or not there’s a position to be filled. “In my experience, I’ve found creating a constant search for talent is best,” she says. “What I mean by that is companies shouldn’t only look to fill their open positions. They should look to find people who align with their culture and values. And when they find those people — hire them.” Continued on Page 2 INSTITUTE FOR SUPPLY MANAGEMENT (ISM) PMI December manufacturing ISM Report on Business® ends the year on a positive note The manufacturing sector closed 2011 with its 29th consecutive month of economic expansion, according to the Institute for Supply Management (ISM). The PMI for December registered 53.9 percent, up 1.2 percentage points from November. A PMI above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally contracting. According to Bradley J. Holcomb, CPSM, CPSD, chair of the ISM Manufacturing Business Survey Committee, “The past relationship between the PMI and the overall economy indicates that the average PMI for January through December (55.3 percent) corresponds to a 4.5 percent increase in real gross domestic product (GDP).” In its December 2011 Semiannual Economic Forecast, the ISM projected optimism for U.S. economic growth in 2012. "Manufacturing purchasing and supply executives expect to see continued growth in 2012. They are optimistic about their overall business prospects for the first half of 2012, and are even more optimistic about the second half of 2012," said Holcomb. "Manufacturing has demonstrated its resilience throughout this challenging economic recovery period with consistent growth dating back to August of 2009 (as indicated in the monthly ISM Report On Business®), and our forecast calls for a continuation of that growth in 2012.” I December 2011 PMI: THE LAST 12 MONTHS Month PMI Month PMI Dec. ʻ11 53.9 June ʻ11 55.3 Nov. ʻ11 52.7 May ʻ11 53.5 Oct. ʻ11 50.8 Apr. ʻ11 60.4 Sep. ʻ11 51.6 Mar. ʻ11 61.2 Aug. ʻ11 50.6 Feb. ʻ11 61.4 July ʻ11 50.9 Jan. ʻ11 60.8 • Average for 12 months – 55.3 • High – 61.4 • Low – 50.6

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