Recruitment and Economic Conditions

Recruitmentand Economic Conditions

Recruitmentand Economic Conditions

Presently,the United States is still recovering from the recession andfinancial crisis effects. The Bureau of Labor Statistics approximatesthat 43% of the population either have temporary jobs while 8% isunemployed. The main economic factors affecting economic developmentinclude availability of natural resources, foreign trade conditions,and capital formation. Employers maximize their profits throughlaying off employees in an organization. The most affected group isthe unskilled group (Compton et al., 2009). The companies preferhiring casual laborers or outsourcing the tasks from professionalsthat charge a small fee for doing the job. Economic recession hassubstantially affected manufacturing companies since theorganizations have limited sales due to reduced purchasing power ofthe target population (Mathis et al., 2013).

Thesemi-skilled and unskilled are the primary labor group that oftenloses employment during the recession. Several companies preferhiring unskilled labor on contracts during peak seasons. However,they terminate the contracts of the laborers during low seasons asthey permanently employed staff can handle regular jobs (Compton etal., 2009).

Similarly,businesses focused on producing luxury products are losers as peoplebuy luxury products when they can afford surplus money. As a result,luxury products’ manufacturers avoid giving permanent jobs to theirstaff during the recession in order to maintain low operation cost(Mathis et al., 2013). However, organizations involved in theproduction of primary commodities and services such as medicine andtreatment services recruit staff as usual. However, experiencedindividuals are the winners as the companies hire the professionalsto ensure efficient productivity (Compton et al., 2009).

Inconclusion, the USA’s economy is still recovering from the previousfinancial crisis. This implies that the economy is developing at aslow pace. The companies in turn terminate the unskilled andsemi-skilled individuals working temporary contracts. Permanentemployees registered with labor unions are safe because theinstitutions fight for workers’ rights (Mathis et al., 2013).

References

Compton,R. L., Morrissey, W. J., Nankervis, A. R., &amp CCH AustraliaLimited. (2009). Effectiverecruitment and selection practice.Sydney: CCH Australia.

MathisR.L., Jackson J., Valentine S. (2013). HumanResource Management.Cengage Learning.