Employers that have remained open during the pandemic find themselves in a bit of an odd situation: Unemployment is high, but hiring is still tough.
Recruiting is changing at a rapid pace. Some organizations are abandoning traditional methods for social media; some think software can do a better job than people.
In a previous post, we discussed the tremendous economic impact of the COVID-19 pandemic. In an article for CNN, Anneken Tappe reported on comments made by Federal Reserve Chairman Jerome Powell at a recent European Central Bank forum, in which Powell suggested that many displaced workers might find that their old jobs are permanently lost in a post-COVID world.
The U.S. economy has changed significantly in the face of the COVID-19 pandemic and the widespread business and economic changes the pandemic has ushered in.
In light of the COVID-19 pandemic’s impact on the global economy, the true U.S. unemployment rate sits at an incredible 26.1%. What had been an employee’s market at the start of 2020 now seemingly favors employers. Yet, hiring in the current economy hasn’t become easier: Top talent, reluctant to leave relatively secure positions, has become […]
COVID-19 and all it brought in 2020 took a toll on the economy worldwide. While the International Monetary Fund (IMF) has downgraded its expected world economic growth in 2021 from 5.4% to 5.2%, we still see hiring being a key area of focus for companies in the new year.
It is an understatement that the 2020 holiday season was radically different from any others in recent history—and definitely in the years since the end of the Great Recession. Due to COVID-19, companies are grappling with hiring and retaining talent, particularly for positions across the essential supply chains, in support of the consumer buying frenzy, […]
Recruiting can be an intense process. It takes a lot of effort to get from needing to fill a vacancy to getting a great candidate actually into the role and up to full productivity. Time, money, and a lot of hard work go into the process. The last thing an employer wants is to make […]
In today’s recruiting environment, employers that are hiring are encountering the same familiar hiring conundrums. An issue some employers struggle with is what to do when a clearly overqualified candidate applies for a job opening they’re looking to fill.
Companies are now undertaking a more comprehensive approach to talent recruitment. Most of the time, they need qualified employees to fill a vacancy or undertake new roles in the company. Businesses will invest large amounts of money in finding the most suitable candidate.
The COVID-19 pandemic has put hiring and talent management programs front and center, as many employees across nearly every industry have been impacted by remote work, furloughs, and layoffs. To stay afloat, many organizations are continually reshaping staffing plans and may need to make further budget adjustments as 2021 unfolds.