This would be the logical assumption, based on the current – what shall we call it, how about – “situation.” Unless you’ve been pulling a Rip Van Winkle, you know the situation: The United States continues to grapple with reopening for business, while a number of populous states experience record coronavirus outbreaks.
So, where do things stand as far as recruiting and hiring this fall?
During our July 16 webinar, Fall Hiring: Three Scenarios to Plan for Now, Leah Daniels, SVP of Strategy at Appcast, explored this very topic. Here are some takeaways from the webinar.
Among the possible scenarios to prepare for:
11-13% widespread unemploymentMore engagement on the part out-of-work candidates, because the CARES Act has expiredLots of applications employers don’t needLess engagement on the part of employed candidates, because the combination of pandemic / recession is not conducive to changing jobs
Let’s break this information down.
Why will unemployment remain high?
The pandemic and subsequent business shutdown has led to a recession. A number of economists say the economy was headed in that direction anyway, but the pandemic certainly accelerated the “situation.”
Many large companies have already filed for bankruptcy. The list of retailers includes J.C. Penney, Neiman Marcus,