Why Offering Hiring Bonuses Might Not Be the Winning Strategy You Think it Is

It seems as if every billboard and building is advertising hiring bonuses in an effort to attract a limited labor pool. As labor supply issues continue, many organizations have increased starting pay. We currently see this within many Washington County organizations. Without addressing those compression issues through wage market-level adjustments, the practice of hiring [...]

By |2021-09-15T15:02:53-05:00September 15th, 2021|Economic Development, Workforce Analytics|Comments Off on Why Offering Hiring Bonuses Might Not Be the Winning Strategy You Think it Is

What’s Next in the Battle for Workforce Talent?

Last fall we looked at the rising number of online job postings, the increase in remote work opportunities and the decline of the unemployment rate in Wisconsin from 6.3% in August to 5.4% in October. Well, the unemployment rate for the state of Wisconsin has now declined to 3.9%, without the labor participation rate [...]

By |2021-06-02T13:38:51-05:00May 27th, 2021|Economic Development, Workforce Analytics|Comments Off on What’s Next in the Battle for Workforce Talent?

3 Steps to Successfully Approach Workforce Attraction

Companies recognize that today’s front on the war for economic development is talent retention and recruitment and have decided to make this core to its strategic pursuits.  Laying important foundations to address the gap between job growth and available workers is key to taking the next step in your growth initiatives. Below are 3 [...]

By |2021-02-15T09:56:38-06:00February 11th, 2021|Economic Development, Financial, Site Selection, Workforce Analytics|Comments Off on 3 Steps to Successfully Approach Workforce Attraction

Economic Outlook for 2021

“Rubbing the Crystal Ball”2020 was a challenging year that most of us would prefer to put in the rear-view mirror.  Economic development in Washington County, however, continued to be strong.  Significant development projects in 2020 added 103 new jobs and resulted in more than $29,169,837 in new capital investment.View Top Projects in 2020 West [...]

By |2021-01-28T13:19:13-06:00January 25th, 2021|Economic Development, Financial, Site Selection, Workforce Analytics|Comments Off on Economic Outlook for 2021

COVID-19: Impact on Washington Co. Labor Market

Have Massive Layoffs Relieved Labor Force Worries? The Short Answer is…Not Really. “With Covid-19 related layoffs in the market I can certainly take labor force issues off my plate of worries…” Not so fast, my friend. Massive layoffs certainly occurred and continue in some market segments, but nationwide, initial jobless claims have been trending [...]

By |2020-12-07T13:32:33-06:00October 29th, 2020|Workforce Analytics|Comments Off on COVID-19: Impact on Washington Co. Labor Market

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