By Greene Resources
The Greater Raleigh Chamber of Commerce held their annual Economic Forecast on Wednesday, January 3. This event provides a glimpse of what economic and hiring trends in 2018 we can expect to see locally, nationally, and internationally. The Economic Forecast was hosted by David Crabtree, anchor at WRAL-TV. Presentations were given by Mark Vitner, managing director and senior economist at Wells Fargo, and Mark Yusko, founder, chief investment officer, and managing director of Morgan Creek Capital Management. Mr. Vitner discussed the upcoming national and local trends to expect within the economy and Mr. Yusko provided insight on the global economy and how that will change over the next year. Both Mr. Vitner and Mr. Yusko provided extensive data and analytics in their discussion, including several areas in which they disagreed. Below is a brief overview of the conversation. Mark Vitner, Managing Director, Senior Economist, Wells Fargo View Mr. Vitner’s presentation here.
Mark Yusko, Founder, Chief Investment Officer, Managing Director, Morgan Creek Capital Management View Mr. Yusko’s presentation here.
As shared by the speakers, the timeline for continued economic growth is certainly debatable. Something on which both speakers agree, however, is the vibrancy of the Triangle. The Triangle continues to grow twice as fast as the nation. The Triangle continues to benefit from affordability migration, a trend in which people are leaving larger, more expensive cities for more affordable, mid-tier cities. Hiring Trends in 2018 From Greene Resources’ point of view and from a hiring standpoint, the Triangle economy fairs well for the job seeker. Indeed.com recently completed its 2018 Employer Outlook Survey to find that 90% of recruiters expect to hire at least the same amount if not more people as they did in 2017. With both the North Carolina and the national unemployment rate at close to 4%, and the Triangle unemployment rate hovering around 3.6%, businesses will be faced with fierce competition to locate and land talent for their team. When it comes to competing for those job seekers, success will likely be determined by the employee experience. A recent Gallup survey of job seekers showed that competitive pay and benefits are still important, however, it is also important for employees to clearly see where they fit in the company, where they can grow, and how the company will help them learn and develop. When it comes to locating the best talent for your company, we believe connecting with Greene Resources will help ensure continued success. Want more information on economic and hiring trends in 2018? Watch the 2018 Economic Forecast here. Posted in Business Development, Leadership, Recruiting and Hiring.
0 Comments
Your comment will be posted after it is approved.
Leave a Reply. |
AuthorGreater Raleigh Chamber of Commerce Archives
October 2024
Categories
All
|