econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



posted on 26 June 2016

Lowest Unemployment Since 2007 Has More Employers Poaching Talent

from Challenger Gray and Christmas

As the economy and employment situation continue to improve, job seekers are finding better jobs and finding them more quickly. Now, after years of underemployment or being "stuck" in undesirable jobs, there is mounting evidence that, despite the risks and challenges, a growing number of Americans are seeking employment while employed.

The latest evidence of the employed job search comes from global outplacement consultancy Challenger, Gray & Christmas, which revealed that nearly 60 percent of callers to its annual job-search advice hotline were employed. That is up from 29 percent a year earlier and 32 percent in 2013.

This marks a tipping point in the employment market that denotes a shrinking labor pool that comes with an improving economy. The unemployment rate nationwide is at 4.7 percent, the lowest level since 2007. And, in many metropolitan areas the jobless rate is even lower. In fact, 110 metropolitan areas have an unemployment rate under 4.0 percent.

The falling unemployment rate means a shrinking labor pool from which employers can pluck new workers. So, these employers are compelled to seek out fresh candidates from among the employed.

They should have plenty to choose from, as millions of Americans are still in part-time jobs or in jobs for which they are overqualified. Thus, the increased desire to change jobs.

Even with conditions that are more conducive to job switching, looking for a new job while employed is no easy task. The primary challenge is that an effective job search is, in itself, a full-time job.

Activities such as updating the resume and looking online for opportunities can be done in the evening. However, the most critical steps involve meeting with people, either in interviews or in networking meetings. While some of these meetings can occur during non-business hours, most will take place during the work day.

This leaves the working job seeker limited options. He or she can use personal or sick leave to attend these meetings. However, if the job seeker is scheduling several meetings a week, which is the ideal scenario for a successful job search, PTO and/or sick leave could quickly run out.

Another option is to inform your manager that you are seeking another job.

John A. Challenger, chief executive officer of Challenger, Gray & Christmas advised:

That approach, however, will most likely backfire. It would change the way your supervisor looks at you, causing him or her to question your loyalty and commitment. Management would pull away from you, keeping you out of discussions about the company and strategies. If your job search takes a long time or you decide the grass is not greener on the other side of the fence, it would be very challenging, if not impossible, to regain your former status.

In a worst-case scenario, there is the possibility that the company would force a resignation or terminate you, as a preemptive strike. While this would give the job seeker the time needed to conduct a more effective job search, it also forces the job seeker to explain a termination to prospective employers.

The best job-search-while-employed strategy is to keep it on the down low. But, again, this complicates matters, because it takes away social media as a networking and job-search tool. Face-to-face meetings become even more important, which can be conducted before or after business hours or through lunch meetings.

Be honest with the interviewer and let them know you are still employed and require confidentiality. If the company is interested they will most likely offer alternative methods for initial interviews, such as phone or Skype. Eventually, however, it likely will be necessary to use personal or vacation days for face-to-face interviews.

>>>>> Scroll down to view and make comments <<<<<<

Click here for Historical News Post Listing










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, using Livefyre just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



You can also comment using Facebook directly using he comment block below.





Econintersect Contributors


search_box

Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.


Take a look at what is going on inside of Econintersect.com
Main Home
Analysis Blog
Big Mess in Italy
Are You Feeling the Economic Surge?
News Blog
Taiwan, Trump And A Telephone: How A Simple Act Called Out A Contradiction In U.S. Diplomacy
Infographic Of The Day: A Beginner's Guide To Encryption
Early Headlines: Asia Stocks Up, Oil Down, GOP Healthcare, Trump Not Reagan Redux, EU Ending?, UK Lost Decade, Putin Taking Over Mid-East, Yuan 'Flash' Crash And More
December 5, 2016 Weather and Climate Report - December Update - Zonal Prevails
Irish Births And Baptisms Visualised
What Happens In The Smartphone Afterlife
Water Intoxication: Are We Drowning In Advice To Drink More Fluids?
The Worldwide Virtual Reality Market Is Set To Be Huge
Average Gasoline Prices for Week Ending 05 December 2016 Rose Over 5 Cents
What We Read Today 05 December 2016
Why We Have Different Blood Types
November 2016 Conference Board Employment Index Improved.
November 2016 ISM and Markit Services Index Mixed
Investing Blog
Momentum Issues A Warning
The Great Bond Crash Of 2016: 05 December Update
Opinion Blog
The Shale-War Is Over
Fake Science
Precious Metals Blog
Silver Prices Rebounded Today: Where They Are Headed
Live Markets
05Dec2016 Market Close: US Markets Close Higher, WTI Crude Settles At $51.09, US Dollar Drops Below 100 Temporally
Amazon Books & More






.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government



Crowdfunding ....






























 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved