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HR News September 2021 Monthly Update | Active and Passive Job Seekers

Monthly Digest

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Hello,

We made it through another Labor Day alive and employees are on our mind.  We start with addressing the active and passive job seekers hiring Company disconnect.  With the recent draw down in Afghanistan more Veterans will be looking for work. Then three great articles on retention. Finally, see articles on how to deal with venting employees and a leadership skills reality check. The best in HR News.

Best,

Corban OneSource, CEO

Excerpt from article above:

This week I came across a new survey published by FlexJobs¹ that revealed 48% of active and passive job seekers are frustrated in their job search because they are not finding the right jobs to apply to. That survey also showed that 47% are actively looking outside their current career to find employment, 85% are willing to take a pay cut in order to secure a job, and 40% have applied to jobs they think they’re overqualified for.

WHAT is going on in today’s job market?

I ask that question because I found these stats shocking. For the past several months we’ve gone through the “candidate shortage” and what we would refer to as a “buyer’s market.” Candidates have the upper hand to find the job it’s a match made up in heaven . They have the ability to negotiate for a higher salary, they have the opportunity to accept incentives they normally wouldn’t be offered. Right… ?

These stats from the job seekers perspective seem to paint a completely different picture then the picture that has been painted by companies hiring during the labor shortage.

Where is the disconnect?

Is it job descriptions not being written to fit the correct audience? Are key words lacking from job descriptions that job seekers are looking for? Are jobs being posted on sites where the right candidate isn’t looking? It could be any of these things and more.

As I think about the candidate shortage though and factor in these stats, one thing is clear to me: Perhaps it’s time to rethink the shortage from the “applicant’s” perspective. Is part of the reason there is a shortage because active and passive job seekers aren’t finding the job they are looking for? To me, it seems like this could be part of the case. So, how do we put jobs in front of the candidates that are looking for YOUR job? One way to do this is by taking a step back to rethink strategy.

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