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Dear Reader ,
Welcome to the Career Foundations Newsletter! In this edition, we will be showcasing articles to help our clients and candidates find success, along with this month's featured jobs and top candidates.
We will be discussing reasons to partner with a staffing agency for your hiring needs, and how to create professional goals that will advance your career.
Are you ready to build a strong Career Foundation? Our team is ready to help!
Sincerely,
Career Foundations |
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Hot Raleigh News:
The labor market remained strong during December, but even more recently, widening cracks are beginning to manifest as wage growth slowed and temporary help was down for a third month in a row. In the Raleigh-Durham, and Charlotte areas, there are still plenty of jobs to be had but we are suspecting a slow down in North Carolina also but most likely not until June/July 2023 unless the Feds do something drastic soon.
Here is recent chart for your reference on the latest information: |
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Analysis of the December Employment Report |
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Temp Help down for the third month in a row. This is almost always a leading indicator of a slowing job market. Nonfarm payrolls increased by 223,000 for the month, above the Dow Jones estimate for 200,000. Wage growth was below expectations, with average hourly earnings up 4.6% from a year ago, below the 5% estimate. The consumer price index rose just 0.1% in November, and increased 7.1% from a year ago, compared with respective estimates of 0.3% and 7.3%. A more encompassing measure of unemployment (U6) that includes discouraged workers and those holding part-time jobs for economic reasons is down to 6.5%. Prime age labor force participation rate (ages 25-54) stayed steady at 82.4%. It is still off by .7% from February 2020, the last month before the pandemic started. The overall labor force participation remained was up .1% 10 62.3%. This number is disappointing as it still sits 1% below the level of February 2020. In December, average hourly earnings for all employees on private nonfarm payrolls rose by 9 cents, or 0.3 percent, to $32.82. Over the past 12 months, average hourly earnings have increased by 4.6 percent. In December, average hourly earnings of private-sector production and nonsupervisory employees rose by 6 cents, or 0.2 percent, to $28.07. The average workweek for all employees on private nonfarm payrolls declined by 0.1 hour to 34.3 hours in December. In manufacturing, the average workweek for all employees was little changed at 40.1 hours, and overtime declined by 0.2 hour to 2.9 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls decreased by 0.1 hour to 33.8 hours. APD is reported that 235,000 jobs were added in last month. Job resurgence was seen in the last two months of 2022 led by consumer-facing service industries. Hiring was strong across small and medium establishments while large establishments saw a drop in employment of 151,000 jobs. Source: ADP, BLS, CNBC, Fox News |
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Top Candidates |
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SENIOR FINANCIAL ANALYST - MINIMUM $80,000 BASE Outstanding professional who has a Master’s degree in Accounting Statistics coupled with a dual Bachelor’s degree in Accounting and Finance. Currently, a product owner with a large bank where responsible for liaising with engineers and the "C" Suite on various projects and initiatives; leading presentations to management and lines of business executives that articulate data insights, conclusions, and recommendations; constructing Tableau and Power BI dashboards with interactive graphics to summarize data and highlight trends, allowing users to make informed decisions; and providing analytics and solutions to address business needs by identifying root causes and recommending solutions. SAS Visual Analytics. |
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PAYROLL MANAGER (CPP) -
MINIMUM $115,000 BASE Payroll Manager is currently available with a Business Administration degree. This candidate is responsible for US, Canadian, and Latin America Payrolls for approximately 1100 domestic and 150 international employees performing payroll audits, designing internal processes and procedures relating to payroll systems, and ensuring compliance with statutory regulations and SOX; Data conversions, General Ledger Reporting experience for US and Latin American multi-state payrolls including preparing multi-State tax registration, research, and analysis. |
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CORPORATE ACCOUNTANT (MBA/CPA) -
MINIMUM 75,000 BASE Candidate with MBA has 1.5+ years of accounting experience. Staff experience includes all month-end journal entries for workers’ compensation and general liability reserves for the company’s 15 US business units; reconciling general ledger accounts; reconciling bank statements and trial balances; and reporting all expense drivers to business unit executives detailing the impact on the P&L. |
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CHIEF FINANCIAL OFFICER – CALL FOR COMPENSATION INFORMATION CFO with MBA/CPA and 20 years of experience are ready for their next new career move to provide thought leadership and guidance to all financial and accounting affairs. Excellent mix of senior-level public accounting and both private equity and public company experience! |
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HEAD OF INTERNAL AUDIT – CALL FOR COMPENSATION INFORMATION
Audit & Controls Candidate with 10+B global technology experience coupled with several years of financial, operational, and technology audit leadership experience. Expertise in Risk Management and Risk Governance and bringing Audit Groups To world class levels. |
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| See Our Talent |
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3 Reasons to Partner with a Staffing Agency for Your Hiring Needs in 2023 |
Recruitment and hiring require much time, effort, focus, and money, so any way you can improve your access to top talent while saving money and time is worthwhile. Partnering with a recruiting firm like Career Foundations is one way to streamline and improve your hiring process in the new year. Recruiting firms find candidates that are not only qualified for the roles you need but are a good contextual fit for the company as well. If you’re still not convinced, read on to explore three reasons you should partner with a recruiting firm like Career Foundations in 2023!
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How to Create Professional Goals that will Advance Your Career |
We all want to get ahead in our careers by setting professional goals. Professional development goals are essential because they stimulate and challenge you to move forward in the short and long term. When setting career goals, you want to ensure they are challenging but attainable. When your goals fit these SMART criteria, you are more likely to accomplish them and progress professionally. |
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C-Street is Career Foundation’s executive search practice devoted specifically to the highest levels of leadership. |
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