What happened in the job market?
The big news about far short job number created in May rattled the markets. Far less than expected people were employed and many unemployed people are on the verge of losing benefit. On the other hand, tech firms scour colleges, particular top rank colleges for talents. They pay college students hundreds of thousands dollars to lure them out of school or before going to schools.
Is the argument that we aren't lack of jobs but lack of qualified workers true? Or is the true that employers have become used to employer's market for too long?
On surface, talented workers are always in tight supply and high demand. Under all economic conditions, an MIT graduate wouldn't worry about employment as much as normal graduate. It is like the tip of the pyramid. But the reality is that top schools can't provide all work force the market needs. When there are demands, of course, they would be met by high quality supplies. This is particular true for those aren't ready to switch from traditional training to Android programming, iPad app development type of jobs. But these new fields are so profitable that tech firms can't miss to invest heavily. So the gap is physically existing. In other words, we are in a situation that we are lack of qualified workers in new fields that not shy of investment.
In other positions, the story is different. After years of employer's market, hiring managers have been used to finding the best they can find and pay less at the same time. In addition, high pile of applications to human resource department in previous sluggish job market made alternative tools thrive. Tales like human resource software is the main filter instead of real human being to sift out applications. When applicants don't know the skill of using keywords to bypass the software goalkeeper, they won't get in the first stage. So there are no sufficient qualified workers in the market.
It has to come into understanding that there are jobs need people but also need new training to fill those jobs. On the other hand, only when the job cycle reaches to a point that lets hiring companies realize they have to do more to get people, the job creation can be in real sense of recovering.
Is the argument that we aren't lack of jobs but lack of qualified workers true? Or is the true that employers have become used to employer's market for too long?
On surface, talented workers are always in tight supply and high demand. Under all economic conditions, an MIT graduate wouldn't worry about employment as much as normal graduate. It is like the tip of the pyramid. But the reality is that top schools can't provide all work force the market needs. When there are demands, of course, they would be met by high quality supplies. This is particular true for those aren't ready to switch from traditional training to Android programming, iPad app development type of jobs. But these new fields are so profitable that tech firms can't miss to invest heavily. So the gap is physically existing. In other words, we are in a situation that we are lack of qualified workers in new fields that not shy of investment.
In other positions, the story is different. After years of employer's market, hiring managers have been used to finding the best they can find and pay less at the same time. In addition, high pile of applications to human resource department in previous sluggish job market made alternative tools thrive. Tales like human resource software is the main filter instead of real human being to sift out applications. When applicants don't know the skill of using keywords to bypass the software goalkeeper, they won't get in the first stage. So there are no sufficient qualified workers in the market.
It has to come into understanding that there are jobs need people but also need new training to fill those jobs. On the other hand, only when the job cycle reaches to a point that lets hiring companies realize they have to do more to get people, the job creation can be in real sense of recovering.
posted by Intl.investment.services at
3:30 PM
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