Workers may have more bargaining power with potential employers., LinkedIn Chief Economist Karin Kimbro said Monday.
“The number of employers trying to attract new workers is skyrocketing. At the same time, job seekers may not be responding at the same pace. I don’t think there is a shortage of workers, but workers Navigating many of the aftereffects of shutdowns that I think are still there, “Kimbro told CBSN Anchor Lana Zack during a special” Employment in the United States: A Changing Workforce. ”
Kimbro said some workers may still be aware of the risk of returning to work because they are not raising children or are too high for the wages offered.
“There is always negotiation and power dynamics between employers and employees. This surge in jobs may be a bit of a win for employees at this point,” she said. .. “We see it in many different industries.”
U.S. employerThe unemployment rate has dropped to 5.8%, the lowest since the outbreak of the pandemic began in March 2020. Still, there are 7.6 million more unemployed than before the pandemic.
Companies, especially low-wage companies, report struggling to fill jobs. A recent Federal Reserve analysis found that some companies offered higher wages accordingly.
“Employers are aware that the sand is a little off at this point,” Kimbro said.
She said some employers offer more flexible job seekers as a temptation, such as working from home and more flexible schedules. She also said that employers are more open to candidates who can develop the skills they need than candidates who meet educational requirements.
“They are much more open to looking for viable candidates who can demonstrate their skills, rather than just checking the checkboxes,” she said.
Irina Ivanova contributed to the report.
According to LinkedIn economists, as more jobs are available, PowerDynamic “may have been a bit more favorable” to its employees.
Source link According to LinkedIn economists, as more jobs are available, PowerDynamic “may have been a bit more favorable” to its employees.