In a survey conducted by Clarify Capital, around 25% of hiring managers self-reported that they’ve kept job listings open for more than four months. Moreover, they don’t intend to hire anyone in the near future.
Businesses want to keep up appearances. Posting jobs gives off the illusion that the company is in good financial health and growing.Many job aggregation sites exist, such as Indeed, SimplyHired, GlassDoor, LinkUp and CareerJet. These sites scrape jobs from various sources and list them on their respective platforms. Often, there is a disconnect between the original posting on a career site, like JPMorgan, and the listing on a job aggregator site.
Somewhat related, hiring managers have already picked the person for the role, but need to publicly show that they are making a good-faith effort to interview a full slate of candidates.One of the best ways to find out if a job catches the attention of job seekers is to put it out there. Once the job is posted, companies can ascertain if there is an interest.
It’s a little cold-blooded, but businesses place job postings to get a sense of whether or not they can get someone less expensive than current workers. In a tough job market with many people in between roles, a manager may feel they could let go of some low performers and malcontents and replace them with people who desperately need a new job and won’t push too much for a higher salary.Sometimes, companies want to pick the brains of job seekers.
A common lament of aggrieved job seekers is that they are made to do tasks, submit work products and offer ideas that the company will use.In a time when the United States Federal Reserve Bank is raising interest rates to combat inflation, relying upon, in part, job openings could lead to erroneous decisions being made by the Fed.
The U.S. Department of Labor releases a monthly jobs report showing how many jobs were created or lost. A lesser-known report is the Job Openings and Labor Turnover Survey. The report relies upon the U.S. Bureau of Labor Statistics data about job openings. Since we now know that there are many dubious job listings, the government is operating on flawed data. Fake jobs may make the job market look better than it really is.
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