Employers Are Preempted by Fear

Jay Maxwell By Jay Maxwell, 8th Mar 2013 | Follow this author | RSS Feed
Posted in Wikinut>Jobs>Careers

“Believe in yourself! Have faith in your abilities! Without a humble but reasonable confidence in your own powers you cannot be successful or happy.”–Norman Vincent Peale

American Employers Are Crippled by Fear

Catherine Rampell reports for the New York Times: American employers are reported to have an array of job vacancies, heaps of cash and an inordinate amount of well-qualified applicants. But despite of stagnant economic growth, several companies remain resistant to expanding the labor force, causing job applicants to endure months of agony as they wait for a response. Supposedly, the number of job openings have returned to levels not witnessed since the peak of the financial crisis, but vacancies are remaining open much longer than previously reported — an average of 23 business days today compared to a low of 15 in mid-2009, according to a new measure of Labor Department data by the economists Steven J. Davis, Jason Faberman and John Haltiwanger. There are some who proclaim the more extended process to be a disparity between the requirements of the 4 million jobs available and the skills held by many of the 12 million unemployed. Perhaps that is true of a few specialized fields, like nursing or biotech, but for a significant number of positions where candidates are bountiful, the bigger challenge appears to be some kind of hiring paralysis.

Trying to Manage Fear

There is a growing anxiety that the economy is going to plummet again, so the advice from leading consultants is to be prudent about hiring someone. Potential employers are apprehensive about making a misjudgment, of squandering money in a weak economy. Hence, employers have injected to much caution into the hiring process. For instance, the duration of the interview among major companies are taking twice as long as they once did. After getting jerked around repeatedly, one is tempted to concede to defeat, then you realize the next interview may just be it. Many job seekers around the globe have endured marathon interview sessions, only to have the company adopt a hiring freeze. The employers reluctance to hiring is part of a growing pattern the economy has yet to elude. While the economy has benefited from some marginal gains in employment, it has failed to put a dent in the aggregate number of people unemployed. Moreover, employers could be making job candidates jump through hoops in part because so many employees have been jobless for such a long span of time, and recruiters want to insure that the candidates’ skills are relevant. I will conclude with words of a great man: people who are unable to motivate themselves must be content with mediocrity, no matter how impressive their other talents.

Tags

Job Applicant, Job Candidate, Job Scope, Job Search, Job Searching, Job Seekers, Job Seeking, Labor, Labor Market

Meet the author

author avatar Jay Maxwell


I am endeavoring to become a freelance article writer for now. Recent studies include a freelance writer's article and blog course offered by Growth Education.

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