The Economy Has Almost Fully Recovered, but there’s Still Work to Be Done
Nearly 18 months after the first pandemic lockdowns were mandated, the economy in the United States is almost fully recovered. While this is surprising to many experts and civilians alike, there is still work to be done. Millions of people have been unemployed, and more than two-thirds of them were making more on their benefits than they were at their old jobs.
Author:James PierceReviewer:Alberto ThompsonAug 17, 2021889 Shares148.1K Views
Nearly 18 months after the first pandemic lockdowns were mandated, the economy in the United States is almost fully recovered. While this is surprising to many experts and civilians alike, there is still work to be done. Millions of people have been unemployed, and more than two-thirdsof them were making more on their benefits than they were at their old jobs.
This has made transition longer than it could have been, with so many people waiting until their benefits run out before getting a new job and companies operating with fewer employees than they need. The most important thing is to connect unemployed workers with the right businesses. Below are a variety of ways to match prospective candidates with a company.
Run Background Checks
One way to effectively filter out the candidates you don’t want to hire is to run an employer background check. These background checks don’t just offer information on the candidate’s criminal history, they provide details about their past names and addresses. They will verify education and employment history. Background checks even give companies information on the candidate’s driving record. Whatever information you need, a background check can help a company determine if a candidate for a job is being honest and trustworthy—facilitating the effort to create a solid, transparent, and hard-working team.
Use Social Media & Career Platforms
Another thing you should do, whether you are a hiring company or a worker looking for jobs, is to use social media and career platforms. Social media will help you get out the word that you are hiring for a particular position and will even facilitate the connection. LinkedIn is an amazing resource to find employees, but other platforms like Twitter and Facebook will give you an idea of who you are dealing with.
Career platforms are a resource that you shouldn’t overlook. They are so advanced these days. With an algorithmic design, career platforms match the company and employee using analytics. While they won’t always immediately lead to the perfect match, every company and employee should use them to find the right connection. If you’re not using the internet to its full ability, it’s time to get started.
Create A Referral Program
If you are working with great employees who are hard-working and trustworthy, you should create a referral program to find others in their network. When a great worker vouches for someone, they are often a reputable candidate. Of course you should show due diligence and look at their experience, education, and character, but if it all checks out the extra layer of peace of mind will provide the security you need when hiring new employees.
College Graduates
Almost half of the people who graduated from college in 2020 were still looking for a job in May of 2021, but now there are 2021 graduates joining them. While you may not want to hire people with no experience, if you are hiring for entry-level positions you shouldn’t overlook college graduates. They are motivated to work and gain experience for less money. They are perfect to train in the exact way you want to train them. College graduates are the employees you want to mold, avoiding all the bad habits of prior training. Not only will you be able to hire newly graduated students for less money, if you provide room for them to grow you might create an employee that will grow with the business.
Whatever your company and field, hiring is more complex with many candidates to choose from. It’s all about finding the right fit. When you do the work of searching for the right match, you will be able to create a team of hard-working and trustworthy people. The company will expand, the employee will grow, and the economy will thrive. This transition will take a while, people are still unemployed, but once businesses have the workers they need everyone will benefit.
Still the economy has made an incredible comeback. Operating over 90 percent of where it was in March 2020 when the first lockdowns were mandated, as people go back to work the economy grows.
James Pierce
Author
James Pierce, a Finance and Crypto expert, brings over 15 years of experience to his writing. With a Master's degree in Finance from Harvard University, James's insightful articles and research papers have earned him recognition in the industry.
His expertise spans financial markets and digital currencies, making him a trusted source for analysis and commentary. James seamlessly integrates his passion for travel into his work, providing readers with a unique perspective on global finance and the digital economy.
Outside of writing, James enjoys photography, hiking, and exploring local cuisines during his travels.
Alberto Thompson
Reviewer
Alberto Thompson is an acclaimed journalist, sports enthusiast, and economics aficionado renowned for his expertise and trustworthiness. Holding a Bachelor's degree in Journalism and Economics from Columbia University, Alberto brings over 15 years of media experience to his work, delivering insights that are both deep and accurate.
Outside of his professional pursuits, Alberto enjoys exploring the outdoors, indulging in sports, and immersing himself in literature. His dedication to providing informed perspectives and fostering meaningful discourse underscores his passion for journalism, sports, and economics. Alberto Thompson continues to make a significant impact in these fields, leaving an indelible mark through his commitment and expertise.
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