Does Economic Predictions Indicating Recession Easing Equal More Jobs?
There are several indicators that point to the fact the worst of the economic recession we’ve been in is over.
This will eventually lead to more jobs, but there is also an interesting phenomenon that will be a part of the improving job market.
Something Unexpected
When most people discuss the job market, they usually focus on the unemployed being able to secure one of the new job opportunities. However, there is another dynamic that will impact the filling of new jobs.
That is the competition for these new jobs the unemployed will have with the currently employed. Recent surveys show that a “pent up demand” to make a job change exists within the employed ranks. That is a natural occurrence when employees, who are dissatisfied with their job, are unable to make a job change.
This reluctance is a factor of not only the limited number of job opportunities the employed have to choose from, but also the fear created by the weak job market. The weak job market causes the employed to remain in “a safe harbor” or continue remain in their “port during the storm”.
That means of course that when an employed person leaves, their job will also become available, perhaps to a currently unemployed person.
But, that also means there will be excessive “market churn” in the short term until the job market settles down to a more normal rhythm.
Recruiting Staff Complications
Employers are also short on the number of recruiters because many of them have been laid off or have left the profession altogether. Expect the turmoil of getting through the job application and interviewing process to be complicated because of that.
A sign of all of this is the number of available recruiting related jobs now vacant and the efforts underway to fill them. Yesterday, August 27, I saw a report that indicated over 108,000 recruiting department jobs at all levels are open by employers who need to shore up their recruiting staff.
This will be interesting to watch, but most of all a welcome relief to many as this process begins unfolding.
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[...] and the number of recruiting job opportunities available. I read one report this week that over 108,000 jobs were available in US within the HR/recruiting profession. These jobs covered everything from entry level and support [...]