Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

Managing Expectations Is Crucial as High Unemployment Persists, Says Expert

09.03.2010
Unrealistic expectations amid the country’s continued unemployment struggles are a double-edged sword that can cut equally into the well-being of job seekers and the companies that hire them, says a University of Alabama at Birmingham (UAB) strategic management expert.

More than 6 million Americans have lost their jobs since the start of the country’s most recent recession in 2008, and new jobs data released by the U.S. Department of Labor March 5 shows another 36,000 jobs were lost in February, leaving the country’s unemployment rate at 9.7 percent.

“Job seekers must set realistic goals,” says Vickie Cox Edmondson, Ph.D., associate professor in the UAB School of Business. “They have to look at what is happening in their industry and understand what is happening in the larger economy and set sensible goals for obtaining new employment — and that could mean a search as long as eight to 12 months if not more.”

Unemployed professionals are facing a job market not seen in decades, says Edmondson, who recently was featured in Black Enterprise magazine. She says with so many out-of-work job candidates from which to choose, the few companies hiring can seek their most ideal candidate.

“There are thousands of job-seeking professionals who are over-qualified for the limited positions out there, and that is forcing many borderline job candidates out of the running for positions for which they potentially would have been good fits just a couple of months ago,” Edmondson says.

“People looking for a job must understand that employers can say no to you more quickly and easily because they have so many qualified applicants. This reality must factor into jobseekers expectations for finding new employment or they will be sorely disappointed.”

Edmondson recommends that professionals looking for work try to manage their expectations by managing the process. In other words, they must understand and define success for themselves in the current job market.

“It wasn’t much more than a year ago that someone who was out of work for two months could quickly become depressed and overwhelmed by an inability to secure a new job, but today someone finding new work in two months is way ahead of the curve and doing quite well,” she says.

“So the definition of success as it relates to the time frame for a job search has changed, and, similarly, job seekers also must consider changing their definition of a good job given the positions available and the industries hiring.”

Employers must temper expectations, too

Edmondson says employers who recently have hired or may consider hiring ahead of any period of sustained economic growth also must manage expectations of workforce loyalty.

“Those employers now adding jobs may think they are setting themselves up well for the time when production increases and the economy turns around, but companies could very easily lose staff if management teams are not realistic about how employees are being used,” Edmondson says.

Employers should ensure that over-qualified workers have opportunities to grow in their roles as productivity increases. If there is no plan for promoting underused talent through the ranks, companies risk losing employees as they seek growth opportunities elsewhere when the job market and economy rebound.

“It is costly for a company to restock and retrain its workforce, so management should be very attentive to the future needs of recent hires,” Edmondson says. “Many workers will most certainly seek opportunities elsewhere as they become available if there is no clear path to professional advancement for these employees as business grows with the economy in future months.”

About the UAB School of Business
Known for its innovative and interdisciplinary approach to education at both the graduate and undergraduate levels, University of Alabama at Birmingham (UAB) is an internationally renowned research university and academic medical center. Capitalizing on the campus’ location in the heart of Alabama’s largest city and business center, the UAB School of Business offers unparalleled student access to internships as well as part- and full-time employment opportunities with the state’s most significant companies.

VIDEO: www.youtube.com/uabnews TEXT: www.uab.edu/news TWEETS: www.twitter.com/uabnews

Andrew Hayenga | Newswise Science News
Further information:
http://www.uab.edu

More articles from Business and Finance:

nachricht Mathematical confirmation: Rewiring financial networks reduces systemic risk
22.06.2017 | International Institute for Applied Systems Analysis (IIASA)

nachricht Frugal Innovations: when less is more
19.04.2017 | Fraunhofer-Institut für Arbeitswirtschaft und Organisation IAO

All articles from Business and Finance >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: Nanoparticles help with malaria diagnosis – new rapid test in development

The WHO reports an estimated 429,000 malaria deaths each year. The disease mostly affects tropical and subtropical regions and in particular the African continent. The Fraunhofer Institute for Silicate Research ISC teamed up with the Fraunhofer Institute for Molecular Biology and Applied Ecology IME and the Institute of Tropical Medicine at the University of Tübingen for a new test method to detect malaria parasites in blood. The idea of the research project “NanoFRET” is to develop a highly sensitive and reliable rapid diagnostic test so that patient treatment can begin as early as possible.

Malaria is caused by parasites transmitted by mosquito bite. The most dangerous form of malaria is malaria tropica. Left untreated, it is fatal in most cases....

Im Focus: A “cosmic snake” reveals the structure of remote galaxies

The formation of stars in distant galaxies is still largely unexplored. For the first time, astron-omers at the University of Geneva have now been able to closely observe a star system six billion light-years away. In doing so, they are confirming earlier simulations made by the University of Zurich. One special effect is made possible by the multiple reflections of images that run through the cosmos like a snake.

Today, astronomers have a pretty accurate idea of how stars were formed in the recent cosmic past. But do these laws also apply to older galaxies? For around a...

Im Focus: Visual intelligence is not the same as IQ

Just because someone is smart and well-motivated doesn't mean he or she can learn the visual skills needed to excel at tasks like matching fingerprints, interpreting medical X-rays, keeping track of aircraft on radar displays or forensic face matching.

That is the implication of a new study which shows for the first time that there is a broad range of differences in people's visual ability and that these...

Im Focus: Novel Nano-CT device creates high-resolution 3D-X-rays of tiny velvet worm legs

Computer Tomography (CT) is a standard procedure in hospitals, but so far, the technology has not been suitable for imaging extremely small objects. In PNAS, a team from the Technical University of Munich (TUM) describes a Nano-CT device that creates three-dimensional x-ray images at resolutions up to 100 nanometers. The first test application: Together with colleagues from the University of Kassel and Helmholtz-Zentrum Geesthacht the researchers analyzed the locomotory system of a velvet worm.

During a CT analysis, the object under investigation is x-rayed and a detector measures the respective amount of radiation absorbed from various angles....

Im Focus: Researchers Develop Data Bus for Quantum Computer

The quantum world is fragile; error correction codes are needed to protect the information stored in a quantum object from the deteriorating effects of noise. Quantum physicists in Innsbruck have developed a protocol to pass quantum information between differently encoded building blocks of a future quantum computer, such as processors and memories. Scientists may use this protocol in the future to build a data bus for quantum computers. The researchers have published their work in the journal Nature Communications.

Future quantum computers will be able to solve problems where conventional computers fail today. We are still far away from any large-scale implementation,...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

Ecology Across Borders: International conference brings together 1,500 ecologists

15.11.2017 | Event News

Road into laboratory: Users discuss biaxial fatigue-testing for car and truck wheel

15.11.2017 | Event News

#Berlin5GWeek: The right network for Industry 4.0

30.10.2017 | Event News

 
Latest News

Previous evidence of water on mars now identified as grainflows

21.11.2017 | Physics and Astronomy

NASA's James Webb Space Telescope completes final cryogenic testing

21.11.2017 | Physics and Astronomy

New catalyst controls activation of a carbon-hydrogen bond

21.11.2017 | Life Sciences

VideoLinks
B2B-VideoLinks
More VideoLinks >>>