{"id":2224,"date":"2010-01-04T15:55:00","date_gmt":"2010-01-04T21:55:00","guid":{"rendered":"http:\/\/selectmetrix.com\/blogs\/2010\/01\/2010-unemployment\/"},"modified":"2010-01-04T15:49:34","modified_gmt":"2010-01-04T21:49:34","slug":"2010-unemployment","status":"publish","type":"post","link":"http:\/\/selectmetrix.com\/blogs\/2010\/01\/2010-unemployment\/","title":{"rendered":"2010 Unemployment"},"content":{"rendered":"<p><em>9.3 to 9.7%<\/em><\/p>\n<p>That\u2019s right, that is the expectation for the 2010 unemployment rate from the Federal Reserve based on <a href=\"http:\/\/abcnews.go.com\/Business\/jobs-gas-2010-economic-outlook\/story?id=9472063\" target=\"_blank\">this abcnews.com story<\/a>.\u00a0 I find that number shockingly high, but it is realistic.<\/p>\n<p>Then there is this bit of information <a href=\"http:\/\/www.reuters.com\/article\/idUSTRE6021LK20100103\" target=\"_blank\">from Reuters<\/a> (emphasis mine):<\/p>\n<blockquote><p>Speaking at American Economic Association&#8217;s mammoth yearly gathering, experts from a range of political leanings were in surprising agreement when it came to the chances for a robust and sustained expansion:<\/p>\n<p>They are slim.<\/p>\n<p>Many predicted <strong>U.S. gross domestic product would expand less than 2 percent per year over the next 10 years<\/strong>.<\/p><\/blockquote>\n<p>The depressed economy combined with the high unemployment numbers has started to change my thoughts about the impending employee shortage.\u00a0 As the Baby Boomers exit the workforce, there may not be an immediate need to replace them on a one-to-one basis.\u00a0 The potential length of this recession combined with the dramatic increases in productivity (leveraged by technology) seems to point to a needed exit of the Boomer generation.<\/p>\n<p>One shift we are seeing in our business is a disinterest in hiring inexperienced salespeople.\u00a0 The surplus of experienced, effective, established sales candidates has placed the typically younger sales candidates in an unenviable position.\u00a0 The ramifications of this trend may have an impact on the sales talent pool in the next decade.<\/p>\n<p>Sales is a profession that requires experiences to develop skills which is why it cannot be taught effectively in a classroom.\u00a0 The trap many hiring companies fall into is a belief that the sales candidate needs to have specific experience in their industry.\u00a0 Although desirable, the better approach is to have experience in a similar sale that has allowed them to develop and hone transferrable skills.<\/p>\n<p>That being said, a remarkably high unemployment rate will have a negative impact on sale hiring in the younger generation.\u00a0 That depressed hiring trend will force younger candidates into other fields creating a sales talent void over the next decade.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>9.3 to 9.7% That\u2019s right, that is the expectation for the 2010 unemployment rate from the Federal Reserve based on this abcnews.com story.\u00a0 I find that number shockingly high, but it is realistic. Then there is this bit of information from Reuters (emphasis mine): Speaking at American Economic Association&#8217;s mammoth yearly gathering, experts from a range of political leanings were in surprising agreement when it came to the chances for a robust and sustained expansion: They are slim. Many predicted U.S. gross domestic product would expand less than 2 percent per year over the next 10 years. The depressed economy combined with the high unemployment numbers has started to change&hellip; <a class=\"read-more\" href=\"http:\/\/selectmetrix.com\/blogs\/2010\/01\/2010-unemployment\/\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"bgseo_title":"","bgseo_description":"","bgseo_robots_index":"","bgseo_robots_follow":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[49,16,3,5],"tags":[1488,50,330,38,782,1489,273],"class_list":["post-2224","post","type-post","status-publish","format-standard","hentry","category-economy","category-hiring-salespeople","category-sales","category-trends","tag-2010-hiring","tag-hiring-trend","tag-sales-candidate","tag-sales-hiring","tag-sales-hiring-trend","tag-sales-productivity","tag-sales-trend"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p5Oho-zS","jetpack-related-posts":[{"id":2173,"url":"http:\/\/selectmetrix.com\/blogs\/2009\/11\/when-will-it-end\/","url_meta":{"origin":2224,"position":0},"title":"When Will It End?","author":"Derrick Moe","date":"November 23, 2009","format":false,"excerpt":"The Great Recession roars on during this holiday season.\u00a0 Our company is focused on sales hiring, both assessing candidates for our customers and running full recruiting processes.\u00a0 The hiring outlook is of great importance to us and a topic I try to track closely. That being said, this abcnews.com article\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"http:\/\/selectmetrix.com\/blogs\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1624,"url":"http:\/\/selectmetrix.com\/blogs\/2008\/06\/fourth-quarter-comeback\/","url_meta":{"origin":2224,"position":1},"title":"Fourth Quarter Comeback","author":"Derrick Moe","date":"June 19, 2008","format":false,"excerpt":"We have been talking to many of our customers and have seen a consistent trend among our small sample size - Q4 is going to be a good quarter.\u00a0 Of course, that doesn't do much for the last few days of this quarter and Q3, but it is a good\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"http:\/\/selectmetrix.com\/blogs\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":164,"url":"http:\/\/selectmetrix.com\/blogs\/2006\/07\/yearn-vs-earn\/","url_meta":{"origin":2224,"position":2},"title":"Yearn vs. Earn","author":"Derrick Moe","date":"July 12, 2006","format":false,"excerpt":"CareerJournal.com has this attention-grabbing article - Getting a Raise From the Boss. I opened that one immediately. Then, I read this: Complicating matters for working stiffs: Employers increasingly are doling out money based on performance, instead of giving out across-the-board raises that were more common back in the 1990s. This\u2026","rel":"","context":"In &quot;Hiring&quot;","block_context":{"text":"Hiring","link":"http:\/\/selectmetrix.com\/blogs\/category\/hiring\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2168,"url":"http:\/\/selectmetrix.com\/blogs\/2009\/11\/the-non-employed\/","url_meta":{"origin":2224,"position":3},"title":"The Non-Employed","author":"Derrick Moe","date":"November 20, 2009","format":false,"excerpt":"Every week more numbers come out to reveal another level of ugliness in this economy.\u00a0 Today comes this article from CNNMoney.com.\u00a0 The state that speaks volumes: Every state had an unemployment rate in October that was higher than a year ago, and every state has lost jobs over the course\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"http:\/\/selectmetrix.com\/blogs\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":53493,"url":"http:\/\/selectmetrix.com\/blogs\/2019\/07\/bad-hiring-trend-lack-of-decisiveness\/","url_meta":{"origin":2224,"position":4},"title":"Bad Hiring Trend-Lack of Decisiveness","author":"Derrick Moe","date":"July 19, 2019","format":false,"excerpt":"This HRE article addresses a worrisome trend in hiring today - slow hiring decisions. Decisiveness is the most important trait of successful hiring managers.\u00a0 Lacking today because people are unsure of who they are hiring.\u00a0 Can use assessments to assuage this fear. Gartner found that, in 2018, the average time\u2026","rel":"","context":"In &quot;Hiring&quot;","block_context":{"text":"Hiring","link":"http:\/\/selectmetrix.com\/blogs\/category\/hiring\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/selectmetrix.com\/blogs\/wp-content\/uploads\/2019\/07\/Speedometer.png?fit=560%2C315&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/selectmetrix.com\/blogs\/wp-content\/uploads\/2019\/07\/Speedometer.png?fit=560%2C315&resize=350%2C200 1x, https:\/\/i0.wp.com\/selectmetrix.com\/blogs\/wp-content\/uploads\/2019\/07\/Speedometer.png?fit=560%2C315&resize=525%2C300 1.5x"},"classes":[]},{"id":1703,"url":"http:\/\/selectmetrix.com\/blogs\/2008\/08\/2-jobs-in-1\/","url_meta":{"origin":2224,"position":5},"title":"2 Jobs In 1","author":"Derrick Moe","date":"August 12, 2008","format":false,"excerpt":"The Wall Street Journal offers an article about companies combining 2 jobs into 1 and then hiring based on the lower level job.\u00a0 The author explains it better than me: Some job hunters have been encountering a new kind of downsizing: companies that aren't eliminating positions entirely, but are combining\u2026","rel":"","context":"In &quot;Hiring&quot;","block_context":{"text":"Hiring","link":"http:\/\/selectmetrix.com\/blogs\/category\/hiring\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_featured_media_url":"","_links":{"self":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/2224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/comments?post=2224"}],"version-history":[{"count":1,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/2224\/revisions"}],"predecessor-version":[{"id":2225,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/2224\/revisions\/2225"}],"wp:attachment":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/media?parent=2224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/categories?post=2224"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/tags?post=2224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<!-- WP Super Cache is installed but broken. 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