In a job market with high unemployment, employers may find themselves with hiring needs but few available applicants who meet their requirements. What often ends up happening is employers have too many applicants but not enough who are qualified. In today’s unique situation, we’re faced with high unemployment levels but difficulty hiring.
There are a lot of theories on why this is the case, whether it’s a skills gap in the market or that wages are not keeping pace with candidate needs, thus keeping people from applying even though they’re unemployed.
Regardless, employers face a conundrum: Despite high unemployment, there’s a lot of competition for talent. Applicants may already have job offers in hand by the time your organization makes an offer. In this situation. . .
Source: HR Daily Advisor