During the recent Clinton Global Initiative held in Chicago, former President Clinton and Economist Laura Tyson cited reasons why the economy is slow to fill positions and bring unemployment back under control. They spoke to 750 business, government and not-for-profit leaders about how the delay in creating jobs will cause the unemployment issue to continue until 2023.
With the nation’s unemployment rate currently sitting at 9.1%, if companies were more aggressive in filling the three million open positions currently listed, the unemployment rate would be cut in half. In Illinois alone, the unemployment rate is 8.9%. Companies are still fearful of returning to full staff capacity as they watch the ups and downs of the market in addition to small business, a source of many new jobs, unable to get loans from the banks.
Another startling revelation is that many of the unemployed between the ages of 24-35 do not have college degrees, a factor holding them back from securing one of these available jobs. Because employers know there is a plethora of candidates in the marketplace, they are able to be more specific in skills and experience that in the past.
So, how do you as the potential employee create an opportunity for your situation? Market yourself and take advantage of available resources.
The Illinois Department of Employment Security’s “One Source” portal offers information and resources on financial aid to return to school, job training and occupation options based on your education and prior experience. The website also includes resources on how to create an effective resume and hints at a precise job search.
If you already have a specific job position in mind, do some research to focus on the companies you would like to target and begin the market yourself. Use LinkedIn to find contacts at the company in the department you are targeting to directly reach out to. Don’t use a standard cover letter. Instead, send an “offer letter.” Introduce yourself, talk about your past career accomplishments and “offer” your services on a temporary basis (give it a 30 day limit) as a trial basis to show the company the value of adding you to their staff. Producing results will give you leverage to ask for a full-time paid position and allows the company to see that investing in you is a beneficial choice.
The more aggressive you are in your job search, the faster you will be able to land a new position and not remain a market statistic.
For more information on “One Source” with IDES, visit: http://www.ilworkinfo.com/icrn.htm