Recently we moved into a house where the previous owners had left a very nice set of Encyclopedias and a special edition Philadelphia Inquirer “America: What went wrong?” from 1991. It was a nine part series that touched on everything from the “dismantling of the middle class” to jobs going to Mexico (now China) and the lack of salaries keeping pace with the rich, to big business tax breaks, the expansion of a global economy, to health insurance, the decline of pensions and how Capitol Hill is influenced by lobbyists. The article states on the front page it will “…show how millions of Americans have fallen victim to a combination of rulemakers in Washington and dealmakers on Wall Street.”
Does this sound familiar? Have you heard this before?
I have. Do not expect me to present my opinion on these hot button topics or try to explain them. If it took two Pulitzer Prize winning reporters two years and thousands of miles of travel to conduct interviews, research and write their series, there is no chance I can present mine in a single post.
In reading the series and reflecting on those times I remember it was not much better then than it is now. In the early ’90’s we were in a serious recession and though I was in college I read article after article about how it was the worst time in recorded history for college graduates to find a job. Several of my friends who had graduated in ’90 – ’93 spent months looking for work. Most ended up in fields outside of their major. Several moved back home and some never could get their careers started and remained in entry level roles for years.
My first job out of college did not pay enough for me to live on my own and remember buying groceries on my credit card knowing full well I would not be able to pay the monthly bill. It was tough seeing the bank account always around zero. I wanted to make it on my own, I wanted to live independently but my main motivation came from my parents who informed me that if I moved home I would have to pay rent. Who wants to pay rent to their parents AND live by their rules?
I do agree that this recession is worse, and it is much tougher on people to find jobs in their chosen careers or just viable work. Especially those recent or new graduates. There are plenty of stories of how people have been creative in finding work, landing that perfect job, or having an extremely short job search. However, for every success I have a feeling there are five to ten stories of no success. This sounds so familiar to the early 90’s and 00’s recessions.
A key difference this time around…social media. People being able to reach out to friends from several years ago and reconnecting. The ability to find a job, a network connection, a reference check all through various sites that have given candidates a great opportunity to connect. Candidates have access to recruiters and hiring managers like never before and that is helping.
As with the job search in the ’90’s and about 10 years ago the job search is still about connections. Whether it is old school networking or if it is the new way through social media channels it pays dividends to build your connections/network before, during and after your job search.
Recruiters have access to an abundance of information on candidates through the same channels and that makes the search for talent that much easier and yet that much more complicated. Appreciate the fact that we impact people’s lives everyday and that by being smart about our recruitment techniques and identifying the best fit for our organization (and not just dropping a candidate because of how long they have been out of work) we will move our companies forward.
I welcome your thoughts.