Tough you may initially view the term “company culture” and its implications as strictly a corporate, high-tech, big business factor, it applies to all businesses, large and small, urban, suburban, and rural.
In fact, whether or not it’s been termed company culture, it’s been a point of discussion among TPI members for years. You’ve talked about it with your TPI network when considering the purchase of, or merger with, an existing business; and in setting up a branch location; when transferring personnel from one branch to another; when determining staff member promotions; when shifting personnel between crews; and, of course, during the hiring process. It’s all about the good fit and why an employee, long-term or new hire, may work well within all of your company’s teams; or excel in one position and struggle in another; or, with a poor fit, not work out at all.
As you face this challenging job market, evaluating and defining your company culture becomes increasingly important both in seeking new employees and in retaining your existing staff members.
The Challenging Employment Situation in the U.S.
Te U.S. Department of Labor Bureau of Labor Statistics National Household Survey Data, issued January 6, 2023, reports the employment situation as of December 2022. As reported at that point, by the last business day of November 2022, there were about 10.46 million job openings in the United States.
Te Household Survey Data, as listed below, measures labor force status, including unemployment, by demographic characteristics. In other words, for those seeking to hire employees in the U.S. in 2023—this is the potential labor pool of those not already employed.
Te national unemployment rate edged down to 3.5 percent in December 2022 and has remained in a narrow range of 3.5 percent to 3.7 percent since March of 2022. Te number of unemployed persons edged down to 5.7 million in December. (Tat’s 5.7 million unemployed people looking for work in the U.S., compared to approximately 10.46 million job openings. Which is 54.49 percent of the total number of currently unemployed job seekers available for those 10.46 million job openings, a shortage of 4.76 million potential employees. Of course, that doesn’t factor in the number of individuals currently employed that would like to change jobs, a number too elusive to pin down accurately.)
Among the major worker groups, in December, the jobless rates were as follows: for adult men (3.1 percent), adult women (3.2 percent), and teenagers (10.4 percent). Tese rates showed little or no change over the previous month.
TPI Turf News March/April 2023
Te employment-to-population ratio increased by a 0.2 percentage point over the month to 60.1 percent. Te labor force participation rate was little changed at 62.3 percent. Both measures have shown little net change since early 2022. Tese measures are each 1.0 percentage point below their values in February 2020, prior to the coronavirus (Covid-19) pandemic.
While all the demographic data had not yet been released, the early February 2023 report from the U.S. Department of Labor showed the U.S. had a near-record 11 million job openings in December of 2022, up from the 10.46 million in November. And, they reported, the U.S. added another 517,000 jobs in January, far above analysts’ projections. In addition, the national unemployment rate dipped to 3.4 percent—the lowest in 54 years. Te average workweek reached 34.7 hours, the highest since March of 2022, which economists state, indicates a massive demand for workers.
The Challenging Employment Situation Internationally
Te labor shortage is an international issue. As this issue of Turf News went to print, the most recent job-related posting by Te United Kingdom Office for National Statistics reported the following main points.
Te number of vacancies in October to December 2022 was 1,161,000, a decrease of 75,000 from July to September 2022. Despite six consecutive quarterly falls, the number of vacancies remained at historically high levels.
Te UK employment rate was estimated at 75.6 percent in September to November 2022, largely unchanged compared with the previous three-month period and 1.0 percentage point lower than before the coronavirus pandemic (December 2019 to February 2020). Te most timely estimate of payrolled employees for December 2022 showed another monthly increase, up 28,000 on the revised November 2022 figures, to 29.9 million.
Te unemployment rate for September to November 2022 increased by 0.2 percentage points on the quarter to 3.7 percent.
Te Australian Bureau of Statistics released figures on November 1, 2022, which reported that in the three months to November 2022 (seasonally adjusted) the total job vacancies were 444,200, a decrease of 4.9 percent from August 2022. Despite the decrease in total job vacancies, the current 444,200 total is higher than the total job vacancies of 396,100 reported at the same point in 2021. Noted in the 2022 report, as it was in 2021, the ongoing high level of vacancies reflects the pace of recovery demand from the fall in May 2020, as well as a number of industries indicating labor shortages, particularly for lower paid jobs.
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