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DOUBLING the rates since the recession in 2008. Recently, I read that current unemployment rates may be as high as 21% in the United States. So if almost 1 in every 5 people is currently unemployed. Where are all the job seekers? And why are your qualified applicant rates SO low?
In this post, I’ll share several charts that paint a high-level picture of the change in hiring activity, trends in remote work, and some comparisons to the 2008-9 Financial Crisis. Job Applications: 2008 vs. Now. Here’s a similar view of applicant volume per opening from mid-2008 through the end of 2009. What Does It All Mean?
So let’s have a look at what I was placing back then, versus what I would say is the average (Auckland) market base salary level today: Zero years’ experience, new-to-recruitment: 2008 = $40k … 2017 = $45k. Zero years’ experience, new-to-recruitment (IT): 2008 = $47k … 2017 = $50k.
… The post Great Recession of 2008: Impact on Staffing Industry appeared first on Recruiterflow Blog. The world economy is sailing into a perfect storm: Europe is grappling with Russia’s invasion of Ukraine and the implications for energy imports.
Meet the Expert Münteha Mangan, Chief of Employer Branding at Turkish Aerospace Münteha Mangan is the Chief of Employer Branding at Turkish Aerospace and has been in the role since 2019, having been in the employer brand space since 2008. Turkish Aerospace, established in 1973, produces aircrafts, space systems, helicopters and drones.
If an office worker from 2008 were to suddenly find themselves in an office in 2018, they would experience very different environment. In 2008, the iPhone was only a year old! On top of that, cloud technology was just beginning to emerge.
In addition, the CMO Survey, which has been around since 2008, found that Marketing budgets as a percent of the company’s overall budget has risen to an all-time high of 13.8%, driven the pandemic’s acceleration of digital strategies.
percent , lower than it has been since before the 2008 recession, according to the Bureau of Labor Statistics. You’ve graduated college and now you’re ready to take on a new adventure in the working world. This summer, the U.S. unemployment rate is 3.8 That means job seekers have more control over their options. .
In 2008, you might have texted someone for a specific purpose. Many people in this group had cell phones from a relatively young age, compared to previous generations. As a result, millennials communicate differently. A clear example of this is the text message. Like a phone call, the conversation would have a beginning, middle and end.
Hull, who joined Slayton in 2008, will oversee search operations and performance, leading the candidate development and research teams. In a historic advancement, Molly Hull has been promoted to Managing Director & Executive Vice President, becoming the first woman to join the firm’s core executive leadership team.
Through The Great Recession of 2008-2009 and the slow recovery that followed, the vast majority of organizations were trimming their workforce, attempting to do more with less, and trying to just keep their businesses solvent. But if the demographics were changing, how did we not see it before now? Did we fall asleep?
In November 2008, at the height of the Great Recession, there were more unemployed college graduates seeking work than there were high school dropout jobseekers, but recent college grads were hit especially hard. Today’s economy is, luckily, very different than it was in 2008. When the U.S. The biggest difference?
Practical Google search strings do not use ORs and rarely use the minus – This similarly-styled string (submitted yesterday to our NING site as a “favorite”) is also full of syntax errors – and finds no results: I started this blog in 2008 and “Boolean” was different back then. Should I feel sad ?
Following raises in 2007 and 2008, the federal minimum wage hasn’t budged since 2009, when the government set the wage at $7.25 At that rate, someone working full-time would make $15,080 before taxes.
I know a thing or two about overcoming this kind of adversity: I started my current company, Fingerpaint, in 2008 at the peak of the Great Recession. In today's turbulent business environment, many companies have struggled to stay above water. Personally, I advocate against using layoffs as a means of saving.
Plus it is tipped to be far shallower than the 2008 GFC recession too. Most commentators think we will experience negative growth through into early 2024 , which means that by the time recession is confirmed we will already be half the way through it anyway. Change is as good as a rest.
However, this recession is expected to differ from the ones experienced in 2001 and 2008 in that it could be quieter, slower, and longer, making flexibility in talent strategy even more critical. In 2008, many companies were forced to make difficult decisions about their workforce to reduce costs and maintain profitability.
percent , the lowest it has been since before the 2008 recession. In July, the national unemployment rate dropped to 3.9 That’s good news for job seekers who want to make a change. As the demand for skilled work increases, wages are likely to rise and companies are likely to compete for top performers.
Sourcing in a Fearful Market I want to share with you what it was like as a talent acquisition professional in 2008, during the last recessionary period. I was working for a private agency as a one hundred percent commission-only recruiter. Commission-only means I received a paycheck only after placement was made and […].
The economy may have recovered from the 2008 recession, but searching for a job is still a long process. On the other hand, if candidates perceive your organization as helpful and friendly, their initial estimate of your company is more likely to be positive. Job seekers are fatigued.
Podcasts have continuously grown in popularity since 2008. Studies have shown that micro-learning leads to increased learning retention and higher adoption rates when it comes to new behaviour and techniques. It’s no wonder, they come in all shapes and sizes and open us up to a whole new world of media digestion and learning on the go.
It has been more than 10 years since the Great Recession of 2008, and talk about another recession in 2020 is only getting louder. External recruiters should be especially alert to this chatter, as they can be seriously hurt by a decline in job postings. However, a possible recession can also present an opportunity for recruiters.
Meanwhile, the unemployment rate has returned to pre-2008 levels. The American economy is growing fast. In fact, the country’s GDP grew by an impressive 4.1 percent in the second quarter of 2018. This means there are many open positions in a diverse range of industries. Here are the top four industries hiring now: 1. Health care.
According to the Wall Street Journal , the technology skills gap is the highest it has been since the 2008 recession and technology recruiting challenges continue to hamper IT modernization efforts. The best engineers want to learn about customer problems so that they can get feedback to iterate toward new and innovative solutions.
The financial crisis of 2008 had many predicting the end of trade shows, but 10 years later, the convention industry is thriving with this weeks CES show in Vegas acting as living proof. The collapse of the US housing market in 2008 rippled through every industry around the globe, and trade shows were no exception. percent in 2009.
It was an essential part of Google back in 2008 when the term “Boolean Strings” came into use. .” Recruiters and Researchers use the term “Boolean Strings” as a shortcut to advanced Google search strings (i.e., The word “Boolean” means the logic of AND, OR, and NOT.
Some of the choices will be good and some not very good, but the labor market for 2017 grads isn’t at all like the horrendous labor market in 2008, 2009, and even 2010.”. “The labor market is pretty strong for most recent college graduates in that they have a lot of choices,” said College Recruiter President and Founder Steven Rothberg.
Gen Z grew up in a world of geopolitical and economic turmoil; the oldest Gen Zers were only four when the events of 9/11 happened, and they watched their parents struggle with the stress brought on by the 2008 global economic recession. Gen Z also has a unique relationship with technology.
This explains why from 2002-2008 production increased while employment levels decreased. However, production and employment do not necessarily rise and fall together. Advances in technology increase efficiency–production per labor hour–making it possible to do more with less.
At Beijing 2008, Usain revealed his much sought-after diet. I even grabbed some fries and an apple pie to go with it” Even though he still broke records in 2008, it was hardly the optimum diet to reach his peak and we can presume he didn’t continue this diet for London and Rio! You Iron Out Bad Habits.
She is saddled with student debt, affected by the 2008 financial crises, and already worried about saving for retirement. Morgan wants to make traditional lifestyle choices (i.e., buy a car…a home) but knows she is in a worse financial place than members of past generations. You will get a reverse mentor.
Through The Great Recession of 2008-2009 and the slow recovery that followed, the vast majority of organizations were trimming their workforce, attempting to do more with less, and trying to just keep their businesses solvent. But if the demographics were changing, how did we not see it before now? Did we fall asleep?
In 2008, when the Great Recession hit, my recruiting business quickly began to shrink. It took me years to recover. In the process, I came to realize that my satisfaction had created complacency. My business model had been working, and I was following the adage, "If it ain't broke, why fix it?"
Generation Z didn’t experience the economic crises of 2007-2008 as severely as Millennials so they aren’t as focused on financial security. . They have easy access to knowledge, resources, and programs that previous generations didn’t so their dreams are big. Less Money-Driven. Traditional Methods of Communication.
In the years after the global economy fell in 2008, another trend seemed to be on the rise: “ hipsters ,” a subculture commonly defined by its rejection of all things mainstream. Now that the economy has improved and hipsters have gotten older, we wondered: how have job searches associated with hipster-friendly trends fared? .
percent, the lowest level since 2008 and a significant improvement from the 7.8 OK, apparently some economists were expecting 235,000 jobs to be created in October — and who knows if it’ll get revised up later — but for now, and after being seasonally adjusted , U.S. employers added 214,000 jobs last month. percent just last October.
Since 2008, Headcount has helped staffing firms across all 50 states mitigate liability, reduce costs, and maintain full hiring compliance. The Back Office , their newest initiative, is the industry’s easiest way for agencies to produce weekly payroll, invoices, and profit reporting via agency insurance and funding.
It’s a period that ended in 2008; now ten people apply for every job advertised at the factory, because otherwise work is in call centres or recruitment companies.” ” Such a casual, throwaway comment, but loaded with silent commentary about the status of recruitment agencies in the UK.
Samantha helped launch Glassdoor out of stealth as a consultant in 2008 and joined the company as its first in-house communications lead in 2010. She is a member of the company's executive leadership team, and serves as an executive sponsor for Glassdoor's Women at Glassdoor and Pride employee resource groups.
As the economy continues to recover from the global economic recession of 2008, people are spending money and buying homes again. Job seekers interested in these roles may already have transferable skills, which also helps widen the playing field for employers looking to hire. Building and real estate booms.
Back in 2008 (where he possibly should have stayed), the suspiciously-named Wayne Kerr was a regular presence across our training videos. If you’ve been exploring the Recruitment Juice platform for a while, you might be familiar with a colourful character from our earliest days delivering recruiter training.
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