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Everyone has felt the effects of COVID-19 - especially job seekers that were searching before the pandemic hit and employees in industries that were hit the hardest. So what does this mean for your association's members and job seekers?
Everyone has felt the effects of COVID-19 - especially job seekers that were searching before the pandemic hit and employees in industries that were hit the hardest. So what does this mean for your association's members and job seekers?
Let’s take a look at the current hiring disruptions and how this has affected job seeker trends in several industries.
COVID-19 was preceded by a two year period where the number of job postings outnumbered the number of unemployed workers, meaning there were not enough unemployed people to fill open jobs. However, the unemployment rate shot up in just a matter of weeks once COVID-19 hit the United States and businesses were shut down.
In April, the Society for Human Resource Management (SHRM) released a study that surveyed many companies and their findings were concerning.
COVID-19 had a very immediate and severe impact on many people, companies and industries disproportionately. Let’s take a look at current job seeker trends by industry.
Want to learn more about COVID-19’s effects on the recruitment industry? Check out the replay of our webinar here - The Impact of COVID-19 on the Recruitment Industry: Current Analysis and Future Opportunities.
As stated, many industries were affected disproportionately by the outbreak of COVID-19. Since many employees or job seekers were out of work or concerned about losing their jobs, there were specific industries that saw an increase in views-per-job (according to LinkedIn):
However, there was a decrease in the number of jobs posted in these industries, with a greater decrease in jobs in the entertainment and legal industries compared to the others.
Conversely, there were also industries that saw a significant decrease in views-per-job (according to LinkedIn) due to the fact many of these employers simply were not hiring:
In the Public Administration, Health Care and Public Safety industries however, there was an increase in the change in number of jobs posted, which can be attributed to the need for more assistance in combating COVID-19 in these industries. Retail and Recreation & Travel saw greater decreases in change in job views, mostly due to the fact these businesses were deemed non-essential and had to shut down.
To gain more perspective on job seeker trends, ZipRecruiter released information in April that surveyed all of their job seekers and asked these two questions:
From the first question, almost 90% of respondents said they were either “Very Likely” (66%) or “Likely” (21%), which tells us how important it is for job seekers to find employment.
From the second question, almost 80% of respondents said “Urgent” (39%) or “Extremely Urgent” (23%).
Based on this information gathered, it is clear that your association members need you now more than ever to help guide them through this trying time. Using your resources, like career centers, career fairs, learning management systems and more are going to be critical career resources for your members that can help them find companies that are resuming hiring efforts, or build up their resume to find other career opportunities.
Stay tuned for more information on job posting trends, economists predictions on recovery time and the impact of COVID-19 on jobs boards.
For more information on this topic and how to support your association members during this time, don't miss the replay of our webinar here - The Impact of COVID-19 on the Recruitment Industry: Current Analysis and Future Opportunities.
