In a recent survey conducted by Spherion Corp, approximately 33% of U.S. workers plan to look for a new job in 2009. That works out to somewhere around 45 million people that plan to change jobs.
So is this bad news... well it certainly isn't good news if you're one of the 45 million, but if you're an employer in this market, it's great news. The bad news is existing candidate sourcing processes may not work, since there may be a deluge of candidates to screen through. Employers should be considering advanced online employee screening tools such as CareerScribe, which offers free online portfolios to candidates that in turn significantly helps employers screen employees in a more insightful way and in much less time.
This candidate rich market is an inventory building opportunity for any company that plans to hire someone in the next 2 years. Statistics would say that candidates not normally as active in the employment market, are now looking, but they will become passive again.
Companies should be investing in better talent management systems that allow for the database to be linked to regularly updated career information, like CareerScribe offers.
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