It’s the most horrible time of the year! For recruiters, that is. It’s the time when talent acquisition departments have to hire hundreds of temporary workers to get through the holiday season.
Hiring holiday employees is a tradition that probably goes back to when the Three Wisemen had to pick up gold, frankincense, and myrrh because the stores weren’t expecting the Christmas rush and were already out of practical presents like diapers and rattles.
But traditions evolve, and holiday hiring in 2022 is distinctly different from previous years.
Unemployment Is Low, Salaries Are High
The latest figures on unemployment rates put it at 3.7%, meaning there aren’t many people out there looking for or willing to take temporary holiday jobs. Compare that to 4.6% in 2021 and 6.9%t in 2020. (Of course, those were pandemic days; in 2019, unemployment was lower than today at 3.6%.)
To keep reading, click here: Distinct Holiday Hiring Problems Are Plaguing Major Retailers