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>The article clearly identifies the source of this challenge: HR culture I don't think so. I don't think the problem here is companies struggling to find the
by marrianeKK 6y ago
>The article clearly identifies the source of this
challenge:
HR culture
I don't think so. I don't think the problem here is companies struggling to find the right people.
It seems to me that companies have slashed hiring. There are too few regular job positions and too many people seeking them.
- sirspacey 6y agoI can see that point. Supply & demand are usually the go-to explanation. However, liquidity in the labor market is rarely well-understood. This article specifically addresses people who are never able to enter the workforce. In the US the data is stark - there are literally hundreds of thousands of positions that are never filled, despite millions of job seekers. To oversimplify with one major hiring filter - most jobs require X years of experience in Y narrowly-defined industry/region/tool/skill. Liquidity in the labor market is the only answer to this problem - to get experience you have to be able to get a position in the first place, often in a role unrelated to where you end up. Economists see jobs as “widgets.” Of course, we all know we spend most of our time doing none of the things listed on the job we originally applied for (or were tested for in interviews). Supply/demand explanations mask the fact that most work today is fluid. Getting people into the workforce creates economic growth. The barrier to that growth is a broken HR system. It doesn’t seem to be, at first, a root cause that is significant enough in size to hobble a whole economy. Until you consider that nearly every employer has the same issue.