INTRO It’s not what you know anymore. It’s whom you know. Most of the time when you go for a job someone has an influence in you being hired such as an employee that works there or a family member. Majority of the time it is not because you are qualified to do the job. This is my theory on why it is so hard to get a job straight out of college. Being a recent graduate you do not know many people in your field and you most likely have no experience. I think the best way that we can solve the problem of college graduates not being able to find a job is everyone company adapting the No-Nepotism rule. The regulation that you cannot work at any place where you have family or friends at least not in your direct department. Another …show more content…
Even though Unemployment benefits are offered not always necessarily a good thing. The help of the government financially to any citizen that was let go from their job not being their fault can only establish a comfort of being unemployed. Causing the effort of an individual to get a new job to decrease. The only good thing that has been able to come through the unemployment is something that to many sounds illogical which is the rise in rate production. Which in negative views has been causing the need for new jobs and workers to decrease. LITERATURE REVIEW Nepotism has been on the rise since the economy has been so bad. According to MarketWatch, “Jobvite, a provider of recruiting technology (including tools for companies to run employee referral programs), said that a study of its clients’ hiring data shows that 61% of new hires come through employee referrals and company career pages, while just 14% came through job boards”, At accounting and consulting firm EY, formerly known as Ernst & Young, 46% of new hires in 2012 came through employee referrals, up from 28% a few years ago. (Those figures don’t count entry level workers.)” Besides Big level companies small stores have a bigger rate of new hires coming through referral of employees. At one of the Yankees Clubhouse, 100% of the staff was able to get the job through nepotism. I am one of the employees at the clubhouse and it was confirmed
Unemployment can affect the economy in a number of ways such as increased government borrowing. Higher unemployment will lead to lower revenue
Employers are not hiring any new help right now until they are sure that the economy will stay strong and not fall back down again. Many employers will fight against giving an individual unemployment benefits to help save them money on their unemployment insurance rates. The insurance rates are based upon the amount of benefits the unemployed receive. People will find it surprising that their unemployment benefits are being challenged. Employers will try to deny a claim but if one is successful, the cost of the company will raise. Unemployment benefits are not only for the people who have lost their jobs due to company downsizing but to people who have resigned or who were discharged for a reason beyond their control. The benefits are given to people who are unemployed with the intension of seeking new employment. The benefits usually come in small amounts to cover basic needs. You may receive unemployment benefit extensions for an additional thirty-four to fifty-three weeks during high unemployment. While receiving unemployment benefits, you have the option to have taxes taken out of each check as you receive them or you will have to pay at the end of the year when you file
In 2011, the rate of unemployment is at 9%. Although there is a decline it has been rather slow. Financial analysts predict that unemployment rate would drop to 8%. Even for the people who still have their jobs the hours that they work have been reduced since then. With reduced hours the productivity of the workers would not be fully exploited which in the end, affects the economy. This is so because with a small fiscal base the economy has not been able to recover from recession fast enough. Although there have been positive growths in the employment rates these growths are barely enough. They do little to help in the dire situation. This only means that joblessness is something that the population would have learned to live with.
There are three different kinds of unemployment that affect our economy: frictional, cyclical and structural. Frictional unemployment occurs when there is a time laps between being employed and looking for work. This term can also be referred to as search employment because it is the time spent searching for a place of employment. One example of this would be a student taking time off of work to finish college and get a 4 year degree. Usually, it takes a lot of time and dedication to finish the last years of school, so some students tend to go to school full time and work part time or not at all. This type of unemployment is also classified as voluntary unemployment because this period of unemployment is at the discretion of the person to some small degree. Secondly, there is cyclical unemployment which changes depending on the business need; for example, workers are laid off when business is bad - then
The most common recruiting strategy of seeking a candidate from internet websites is a good source because it allows you to see a large group of candidates at one time, and you can tailor your searches to target in on the ideal candidate. Networking, in the sense of just talking to people is also a good source because usually in this process you will come across someone who can put you in touch with the right people to find what you’re looking for; these people come with a referral so it’s not like starting at zero and only knowing them on paper. Lastly, is hiring from within another strong route to get the right person in place, these people are those who have a proven record with the organization. They are easy to verify based off of in house reviews. The difference in the three is with the internets like cold calling, where as networking is a referral and in house
Although the Democratic party are trying to help out those needed when they were jobless, but many unemployed workers see it as a free hand out from the government. Since they are receiving free money and supports from the government, they had no reason to work while they can receive these benefits from the government without doing anything at all. When the benefits are gone, the unemployed knew they had to find a job because that's the only way they will be able to survive without the benefits. Thus lots of unemployed got jobs, and this improved the labor market and decrease the unemployment rate as well. Often in time the government is trying to help the ones that needs it, but it usually turns out that many people takes the advantage of
Unemployment Issues in the United States Unemployment is one top issue that our government faces on a daily basis. Many people are being unemployed as we speak. Even though the government is trying to take a lead on this major issue, the rate of unemployment is just too high. Why I feel strongly about this issue is because many of us continue to search for jobs daily and still no reply. There are many reasons behind being unemployed and those reasons are little issues that the governor himself can fix within a year or so. We are still jobless, the minimum wage is too low and most of the jobs that pay well always ask if one Spanish.
Unemployment leads to financial problems and reduces the overall purchasing capacity of our nation. Unemployment can have benefits only to for things such as being provided food and reduced rent, which is called section eight and food stamps. Poverty compared to unemployment can be described different ways for example, poverty can cause unemployment but it if someone is below the poverty threshold they might get absolutely no help from the government and can not maintain a standard of living. Living conditions can affect the way people look at you as far as a job goes. There are multiple different ways that people look in others for a jobs such as dependability, honest, and reliable. A poor person is more likely to get overlooked for a job than a person in a higher class or middle class, that could possibly tie in with the fact that low income people have a lower level of education and not being able to present themselves in a formal manner. Taking care of their children would be a difficult task being at or below the poverty line with an income lower than 20,000 a year from both adults in the
His findings concluded that the rise in unemployment, in relation to job openings, is due to diminished search effort created by the extended welfare benefits. In other words, there are basically two groups of people that make up the unemployed. The two groups are defined as those who lost their jobs and those who left their jobs or have never had one. The people who lost their jobs qualify for welfare, but the other half does not. So, when these two groups compete for jobs the unemployed workers without benefits are more persistent in looking for work and are more willing to accept job opportunities, which are less appealing, to make money; while those who have benefits tend to drag it out.
How did slaves affect the daily Roman economy? Slaves affected the Roman economy in multiple ways. Childs of slaves were also slaves. As slaves had children this would lead to an increase in the population of slaves.
When governments look at policies to reduce unemployment, they tend to look at the short term and then the long term. In the short term, they need to ensure there is sufficient demand and economic growth in the economy to help control cyclical unemployment. This is done by adopting
The purpose of Arthur B. Laffer’s article was to talk about unemployment and how the benefits are not spur and there has been debates over expanding government unemployment benefits. Unemployment benefits are a protection for people that is down on their luck and need some extra assistance. Laffer states in the article that the most clear contention against developing or raising unemployment benefits is that it will make being unemployed either more appealing or less ugly, and along these lines lead to higher unemployment. Unemployment benefits are an incredible approach to stimulate request. According to this article, practical judgment skills and individual experience demonstrate higher unemployment benefits will make unemployment less ugly
around the globe, explanations of this phenomenom are plenty. How does unemployment serve a purpose, or is it just another chance for the powerful to stamp on those with less power? The
Discrimination in the workplace occurs when an employee experiences harsh or unfair treatment due to their race, religion, national origin, disabled or veteran status, or other legally protected characteristics. Discrimination is one of the biggest problems people face in the workplace and it must be dealt with forcefully.
People who were hired by a referral were twice as likely to be hired as compared to people responding to newspaper ads and more than five times as likely to be hired as those walking into a business and asking for a job. Increasing your contacts is essential. The best job finding technique is still personal connections. That is, unless you are hoping to spotted by a recruiter. Business Week reports that 87% of recruiters use the on-line social networks for spotting candidates for jobs they represent.