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Monster Sees Dip In Online Recruitment
By W. David Gardner,
Rising gas prices and interest rates appear to be taking their toll on the pace of hiring, as Monster Worldwide Inc. reported Thursday that online recruitment activity has declined in 24 of the top 28 Metro markets.The sharpest recruitment downturn was reported in Denver, Sacramento and Cincinnati, which all showed lower overall demand for workers.
On the plus side, Minneapolis and St. Louis saw an increase in online hiring activity while Atlanta and Baltimore were unchanged from May’s hiring.
The Monster report marked a reversal in online hiring trends, which had been on an uptick in recent months.
The new Monster report indicated that major retailers are trimming their hiring, partially in keeping with typical seasonal summer slowdown hiring activity and as retail employers appear to be taking a more conservative approach to adding employees.
“The June findings of the Monster Local Employment Index suggest a mild slowdown in major metro market recruitment activity last month as consumer spending was further tempered by higher gasoline prices and rising interest rates,” said Monster International group president Steve Pogorzelski, in a statement. “Broader business expansion activities slowed with the start of the summer vacation season.”
This is but one indication of an ecomic slowdown that usually leads to a decline in new employment hires. While this situation my night be the best overall for national concerns, it does provide Human Resources Managers with a better selection of job candidates. What was a short while ago a merely acceptable job candidate can now be passed over in preference to an employment candidate who is better qualified and therefore much more desirable.
While this does present HR Management with an excellent opportunity, you can never assume that your job candidate isn’t hiding a negative personal and employment history. Even the most qualified of candidates may have an employment background rife with substance abuse problems or a history of theft and violence. These are the kinds of things that can serverely disrupt your workplace. They can open you to liability and bring lawsuits while reducing employee morale and productivity.
Your Human Resources Department should never take anything for granted. In this day and age, especially, make it mandatory to conduct a comprehensive background check With the majority of candidates lying on their resumes, it is also essential to run an employment verification check as well as an education background check. Don’t take anything for granted, especially a resume.
Check Them Out Before you Hire!