According to a recent article in The Wall Street Journal, 7.6 million people applied to Starbucks for 65,000 corporate and retail job openings during the past year; close to one million people applied to Procter & Gamble for 2,000 positions, and two million people applied to Google for 7,000 openings. Approximately 90% of big companies, the article adds, use applicant tracking systems to screen and rank job candidates. Research from CEB shows that only 35% of applicants meet the basic requirements of the job they have applied for.
Correcting misconceptions about markets, economics, asset prices, derivatives, equities, debt and finance
Wednesday, February 29, 2012
Daunting Statistics Of Job Hunting
Posted By Milton Recht
From Knowledge@Wharton, "Why the Job Search Is Like 'Throwing Paper Airplanes into the Galaxy' ":
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It just goes to show how people need to be adept in multiple industry areas these days to be able to secure a job. There just isn't enough to meet the demand because of how 'messed-up' the current economy is. Let's just hope things progress positively in the future...
ReplyDeleteThe problem is companies don't want to do ANY on the job training these days. it's ridiculous.
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