CRA_DR_Blue_V2.0.jpg
Intelicrunch_Banner_Header.jpg

Hiring Outlook: “Shoveling Out of a Blizzard with a Teaspoon” Warns Global HR Thought Leader


Hire authority and future of work expert Ira S Wolfe has a dire warning for business leaders: With many parts of the United States gearing up to reopen following the pandemic shutdown, as many as 36.5 million unemployed Americans will flood a fragile talent pipeline.That's a 650 percent increase (36.5 million vs 5.5 million) compared to just 2 months earlier...and that's not even counting workers who might become unemployed after Paycheck Protection Program money runs out. Wolfe is worried and warns Talent Acquisition and Human Resources professionals, "it will feel like you're shoveling out of a blizzard with a teaspoon."

Wolfe's company works mostly with small and mid-sized companies. Candidate sourcing and screening processes were already fatigued prior to the pandemic. He cautions."Going back to the way it was for sourcing, screening, and selecting employees will conclude with an epic fail. Many struggled with swift, efficient, and accurate screening in a low unemployment economy. They aren't prepared to deal with the imminent, unprecedented tsunami of job candidates crashing toward them."

The 2019 way of doing things produced a lot of collateral damage too. According to The Talent Board's 2016 Candidate Experience Research, candidate resentement increased 40 percent since 2016. "And that was at a time when unemployment was only 3.5 percent and companies needed to woo candidates to apply," added the Thinkers 360 #1 global future of work thought leader.

During a recent interview, Wolfe shared an example about how overwhelming recruiting and hiring will be in the "new normal." As late as February 2020, his client would receive 40-50 applications from the job board Indeed. "With a tight labor market, he was pleased with that response," Wolfe said."Last week he received over 1300 applications for the same job opening in less than 24 hours. His people and systems were crushed. He cancelled the job posting and is still sorting through the emails."

Wolfe worries this is just the tip of the iceberg. Management is preparing to ramp up business but is ill-equipped to process the flood of candidates and still ensure quality hires. FULL ARTICLE

© 2020  InteliCrunch.com

InteliCrunch is a free service provided by a collective of people who monitor the background screening industry and how events affect not only the people in it, but even more importantly, the real human impact the industry has on today's society.*All third party logos and / or images used on this website are the sole property and / or registered trademarks of their respective companies or copyright holders. Use of these logos, images or likenesses does not, in any way, imply the endorsement of InteliCrunch by any of the businesses, brands or individuals represented, their parent companies, officers, employees, partners, or affiliates. Any such usage is for informational / news purposes only.  Any / all articles, announcements, releases or third-party-authored content is / are linked back to the original "source"  and author credit given  Furthermore, InteliCrunch is not responsible for, and does not warrant the safety of any third-party links or sites to which any viewer may be directed from InteliCrunch.  InteliCrunch has made reasonable efforts to ensure that any news or informational links on the site are from "known and reputable"  sources / websites.