Looking around most every community, it doesn’t take long to realize just how many businesses are looking to hire workers. “Help Wanted” signs are everywhere, and various signing incentives are being offered to entice new employees as never before.
But in many cases the offers of employment are falling on pretty deaf ears. A recent survey of workers conducted by the Indeed employment website reveals that although many people are ostensibly in the market for new jobs, oftentimes the sense of urgency about landing a position simply isn’t there.
The Indeed survey was administered to ~5,000 Americans age 18 to 64 during the summer of 2021. The sample encompassed individuals in and out of the labor force.
The results of the survey revealed that many of the unemployed respondents don’t feel that they need to land a job right away — but they do express an interest in returning to work at some future point. The three main factors that appear to be holding people back from returning to work are these:
- Concerns about the COVID-19 virus and its variants
- Financial cushions, including employed spouses and the continued availability of enhanced unemployment insurance benefits
- Care responsibilities at home — particularly involving school-age children
The net effect is that while many employers are making a major push to hire workers in order to take advantage of the reopened economy, many would-be employees simply don’t feel the same sense of urgency.
With the continuing questions surrounding the spread of Delta and other variants of COVID, what was once considered the near-certainty of a “return to normalcy” in the latter part of 2021 hasn’t quite turned out that way.
At this point, it would seem that the employment dynamics aren’t going to change dramatically until the unemployment compensation safety net reverts to its pre-pandemic structure … kids are back in school without the risk of future quarantines or class closures … and no new variants emerge that cause the number of COVID cases to spike again.
Considering what the past 18 months have been like, getting these three factors to neatly align may be a tall order.
For detailed survey results, you can access the Indeed research via this link.