If that’s not complicated enough, companies are also dealing with the recruitment decisions made during COVID. Hiring slowed in travel, hospitality, and automotive as those industries saw massive drops in demand. In contrast, logistics, technology, and online retail companies boomed, with many businesses rapidly hiring in an effort to outpace their competition and cope with growing consumer demand.
The age distribution of the population can strongly influence overall labor force participation. Baby Boomers are naturally contributing to the decades-long-decline since the participation peak of 67.3% in early 2000.The pandemic also pushed more than 3 million Baby Boomers into premature retirement.
With thousands of jobs being posted each day, the visibility of your job listing can decrease over time. With Monster’s PayPer-Click solution, job postings become promoted ads that are prominently displayed in relevant search results, to help capture engaged candidates and fill roles fast.
