Perception is reality.
How many times have you heard that old saw over the years?
But when it comes to recruiting, perception is not reality.
Due to the heavy drumbeat of reporting on The Great Recession – and the media’s constant need for eye-catching headlines – it’s easy to believe the perception that there are no jobs out there and nobody is hiring.
At the annual ERE Expo in Florida last week, recruiters from top American and global companies gathered to share best practices and industry intelligence. Attendance was pretty good considering the economy, and virtually all the attendees said they will be hiring this fall.
While the latest unemployment statistics (ten days ago) were grim (and likely to get more grim in the months ahead) – the macro figures mask the reality (and the mainstream media doesn’t help).
The reality is that even in a downturn like this, there is churn. For example, though the banking industry has cut back on total employees in the past year, all major banks will be recruiting on campus this fall for fresh, new entry-level worker bees.
In addition, while some divisions of some banks have been cut back dramatically, other divisions are adding (or replacing) employees at a feverish pace. And all of them cut back aggressively last winter and now have the flexibility to upgrade their staffing.