“True stability results when presumed order and presumed disorder are balanced. A truly stable system expects the unexpected, is prepared to be disrupted, waits to be transformed." - Tom Robbins
In this week’s newsletter, we examine the dawn of "pandemic-proof" jobs into our lexicon, how a suspension of work visas might affect hiring, and the push and pull of unemployment stimulus versus stricter unemployment requirements.
This Wednesday, 11 AM PST, author and esteemed keynote speaker Pete Havel will grace our Workstream Webinar. He'll be sharing his insights on Creating and Maintaining a Positive Company Culture. As a gift to our attendees, you'll receive a copy of his critically acclaimed book 'The Arsonist in The Office', courtesy of Workstream.
Pandemic-proof jobs are coveted jobs.
Just last year, Career Builder found that 78% of American workers lived paycheck to paycheck. Many sought for job security - having a job, no matter what job, is a necessity to the vast majority of the people in this country. Against this background, the massive unemployment that the current pandemic has wrought has many, many Americans looking for pandemic-proof jobs.
How many? 73.5 million, according to Wallethub. With uncertainty of a coming vaccine, or a second wave, or even an entirely new pandemic; workers are seeing what jobs were immediately deemed "unessential" and are thinking twice about investing in a career that could prove to be so easily furloughed. In fact, many are wondering whether their career choice is relevant at all.
So what jobs are considered more pandemic-proof? "Jobs in industries like banking, finance and logistics" to name a few. As an example, there will be more jobs for delivery drivers than hotel managers for the near future. These are the types of jobs that seem to offer more security during this new age of work.
The Takeaway: Hiring managers take note -- if you are hiring in "pandemic-proof" industries, consider using this terminology in your job listings. Job seekers are looking for reassurance that their new job won't be gone instantly, and it can be a hiring signal boost to tout your security during the pandemic.
Less foreign workers: good or bad for hiring?
The federal government has announced that it will be taking various steps to curb incoming foreign workers, including those with specialized skills by the freezing of H-1B visas. Officials claim that these steps will free up 525,000 jobs for U.S. workers. On the other hand, giants like Amazon and Google say this will put America on a competitive disadvantage with the rest of the world and hurt the economy.
So which is it? Will it be good or bad for hiring?
Immigration politics aside, it does seem that foreign workers create more jobs than they take. A 2016 study by the National Foundation for American Policy showed that 44 out of 87 American startups valued at $1 billion or more were started by immigrants, and these founders have created an average of 760 jobs per company. In 2015, a study from the National Bureau of Economic Research showed that each immigrant creates 1.2 local jobs for native workers.
The Takeaway: The ban on foreign is touted as a short term solution to keep local hiring to native workers during high unemployment, but there doesn't seem to be much evidence of this as a hiring stimulus. Rather, the research shows that this may hurt both job seekers and job creators in the long run.
To work or not to work...
With the increased weekly unemployment benefits, many Americans are choosing not to return to work because their weekly salary is higher than their previous jobs paid out. But those in Texas might find this harder to do starting July 6th when the Texas Workforce Commission reinstates the work search requirement. This means that Texans will have to start documenting their efforts to find a new job again, a rule that had been suspended during the pandemic.
But will the stricter unemployment requirements force people back to work?
Well there's another wrinkle that could be forming around the same time in July: a second stimulus, according to a recent interview with the president. Though this was specifically about the stimulus checks, it could potentially include an extension of the CARES Act and its higher unemployment benefits.
The Takeaway: So will people in Texas and other states get back to work, even if there is more stimulus coming down the pipeline? Unlikely, unless more unemployment restrictions are put in place like Texas is doing. This potential extending of unemployment benefits will be the big deciding factor that hiring managers should be watching out for when expecting to see their pool of candidates grow or shrink.
Need help hiring the right people? Workstream can help. Our platform gets you 4x the number of qualified applicants and reduces your time-to-hire by 70%.
Robert Woo is a freelance content creator for various companies from startup to enterprise-level. When not writing SEO-friendly articles, he writes and performs comedy, plays guitar, and champions the Oxford comma.