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Between 2014 and 2019, there was a gradual decline in unemployment rates, which meant a predictable labor market and, therefore, predictability in your hiring. But the pandemic hit like a meteor nobody saw coming and led to a series of uncontrollable peaks and troughs in employment rates.
Having experienced four major shifts in the labor market in the space of two years, we can be certain of one thing: the future job market is wildly uncertain, and organizations need agile recruitment systems that enable businesses to flow with the ever-fluctuating market. If you are still building a hiring process with a stable labor market in mind, you’re doing it wrong.
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