What the Unemployment Rate Tells us About Respect
What does the unemployment rate have to do with respect? Investopedia provides a thorough explanation of the unemployment rate. To simplify, it’s a calculation that compares the number of employed to unemployed. When the difference between the two numbers shrinks it becomes a Talent market. When the number expands it becomes an Employer market. During a Talent’s market, employers need to fight fiercely for Talent to stay competitive in their fields.
It’s the Gig Economy
To make it more difficult, Employers aren’t just competing against their competitors anymore. If you happen to be Gen Xer or older, you’re aware of the natural consequence of our economic system. Many of us watched parents or grandparents get laid off in the 1990s, even if they had decades of service. The economy at the time combined with technological advances resulted in massive job losses. Talent can no longer afford to put all their income collecting eggs in one basket. Employers now must compete for talent against not only their traditional competitors, but micro-businesses, side hustles, and outsourced business models. Watching their parents get laid off en masse in 1990 and 1991 and then suffering their own job losses in 2008, Gen X learned early and often that traditional employment did not necessarily equate to security.
Our next generation of Millennials and up and coming Gen Z know that too. What they are asking in return for accepting that risk is a little respect and communication when they connect with your job post. To do that, you don’t need to spend massive amounts of money in the pay-to-play game with SEO, or expensive and onerous applicant tracking systems. All you need to do is register as an employer with pēpəlwərk, quickly and easily post your jobs, and we help you manage the rest. With one flat rate. Connecting with Talent through pēpəlwərk is a great way to show that you both want to bring some respect to the process.