U.S. jobless claims are at a seven-year high. More than 9 million Americans are now out of work, and unemployment is cutting across all industries. And with a global recession looming, analysts don't expect unemployment rates to dip anytime soon.
The result is something HR professionals haven't seen for years: a talent glut. Just months ago, HR pros who were tasked with hiring were trying desperately to fill positions and unable to find candidates.
Now the problem has reversed. Instead of a talent shortage, recruiters are buried in an influx of resumes, and sorting through them to find the right candidate is stretching time and resources thin. Read the full article