Friday, September 6, 2019

[NJFAC] Tighter labor markets, looser rules

To expand the pool of workers, companies are recruiting stay-at-home parents, retirees and people with disabilities. Will they keep it up if the economy sours?

....With the national unemployment rate now flirting with a 50-year low, companies are increasingly looking outside the traditional labor force for workers. They are offering flexible hours and work-from-home options to attract stay-at-home parents, full-time students and recent retirees. They are making new accommodations to open up jobs to people with disabilities. They are dropping educational requirements, waiving criminal background checks and offering training to prospective workers who lack necessary skills.

Those policies are having an effect. In recent months, nearly three-quarters of people who have become newly employed have come from outside the labor force — meaning they hadn't even been looking for jobs.....

"We increasingly hear reports that employers are training workers who lack required skills, adapting jobs to the needs of employees with family responsibilities, and offering second chances to people who need one," Mr. [Jerome] Powell said.

....Data from ZipRecruiter shows that more companies across industries are offering on-the-job training or tuition reimbursement to help open up jobs to candidates who might not have the necessary skills. A rising share of companies are advertising that their jobs are open to people with no experience.....

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June Zaccone
National Jobs for All Coalition
http://www.njfac.org

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