Most experts say unemployment will rise slightly before it drops. So, if you’re thinking about hiring, should you wait and have more to pick from? Or is it smarter to beat the rush and snag what’s out there now?
The figures show that you may want to act now if possible. Consider: Almost half (48%) of the workers who were laid off from their full-time job in the past three months have found new, full-time work — up from 41% in March.
That’s according to recent CareerBuilder survey of 921 employees who were laid off from full-time jobs within the last 12 months.
Another 3% of laid-off workers found part-time work, which is down from 8%.
The CareerBuilder survey also looked at a variety of characteristics of the individuals returning to work and found:
- 56% were able to negotiate comparable or higher pay for new positions
- 44% took a pay cut with their new position
- 38% found work in a different field than they were previously employed, and
- 20% found work in a new city or state.
With such a large pool of highly skilled employees out of work, experts suggest any companies that are in a position to add staff should do so now — before the economy rebounds and they have to compete with many other firms.
