Last week we shared an opinion from a CEO who believes recession could swing bargaining power back to the boss and away from the employee. The Consumer Price Index for June was released this morning, hitting an annualized 9.1%, a 40-year record. Stocks and bond prices fell after the announcement, as the rising possibility of a recession spooks investors.
Recessions typically increase unemployment. While we have seen some layoffs and hiring reductions in the tech industries, most sectors are short of workers. Is it a recession if employment remains high?
Today the Wall Street Journal published “Five Signs Workers Still Have Power in This Job Market.” It shows that many employees are taking advantage of the market and changing industries and careers.
Those interested in changing their industry or career may be a hiring sweet spot for you. Before you seek an experienced candidate, ask yourself why a highly experienced person would be on the market.
Instead of relying on experience, use aptitude assessment to understand a person’s fit for a new job. We recommend comparing a person’s cognitive abilities, behaviors, and interests to high-performers already in the position. The more they are like high-performers, the more likely they will thrive in the new role.
Use the best tools to thrive. JobMatch Assessment provides you with tools to lead. You can discover who has the aptitude for your jobs and maintain a strong culture by keeping everyone connected. We can help you develop the leaders and teams you need to grow.
Improve your hiring, culture, leadership, and productivity. Our assessments and surveys are world-class and statistically sound. Contact us, share your concerns, and see how we can help you. No charge, no obligation.
