The world has been entrenched in a difficult recession for nearly half a decade, some countries suffering more than others, but all affected. Some of the results include reduced capital for small businesses, a critical source of new jobs. But as we finally see a modicum of improvement in the economy, employers face a daunting task finding the right employee, turning increasingly to pre employment assessment tests.
As the situation worsened, the unemployment rates grew to sizes not seen since the great depression, and a version of a labor death spiral took effect. With more unemployed individuals, the number of families struggling increases, and there is less money to be spent on anything. The decline in retail activity in turn results in decreased for laborers from manufacturing to transportation to retail outlets.
No one has definitively described the genesis of this worldwide economic decline, but risky credit policies seem certain to have contributed significantly. In the wake of the problem, banks responded to the impact, as well as the mounting criticism by economists and regulators by tightening credit and access to capital. This, combined with the reluctance of companies to expand or invest, continued the decline.
It requires a positive environment for businesses to make the challenging and risky decision to build more factories, hire more workers or open new retail outlets. The sudden and dramatic reduction in credit and capital made the decision difficult to make, and even harder to execute. This is especially true of small businesses, a traditional source of new jobs.
One significant event that helped stem the decline was the bold and controversial move to execute a government spending program designed to stimulate growth. By targeting investment in those places that require more labor, the government provided the means for companies to hire and produce again. While this necessarily added to the deficit, it prompted the economic engine which allowed companies to begin hiring again.
In the end, the bolstering of very large companies on the brink of failure as well as spending on national infrastructure seems to be working. The continuing net loss of jobs has been stemmed, and there is a new trend in job growth that foretells a brighter future once again. Just as pessimism fed the decline, optimism feeds the rebound and growth, leading to the new challenge; maintaining steady growth without inflation.
As the financial waters calmed, the beginnings of a recovery emerged from the chaos and turmoil, jobs began to appear, and finally the continuing net loss of jobs was finally stemmed. Since then, a steady progression of positive job growth has been realized. There is still much work to be done to return to vibrant employment, but the trend is in the right direction.
Once an opportunity becomes available, employers are overwhelmed with the number of applicants, and making a selection becomes difficult. Naturally, this is a much better situation for the employer with an open position, but it is still complex. Pre employment assessment tests level the competitive field and help the best candidate get the position.
As the situation worsened, the unemployment rates grew to sizes not seen since the great depression, and a version of a labor death spiral took effect. With more unemployed individuals, the number of families struggling increases, and there is less money to be spent on anything. The decline in retail activity in turn results in decreased for laborers from manufacturing to transportation to retail outlets.
No one has definitively described the genesis of this worldwide economic decline, but risky credit policies seem certain to have contributed significantly. In the wake of the problem, banks responded to the impact, as well as the mounting criticism by economists and regulators by tightening credit and access to capital. This, combined with the reluctance of companies to expand or invest, continued the decline.
It requires a positive environment for businesses to make the challenging and risky decision to build more factories, hire more workers or open new retail outlets. The sudden and dramatic reduction in credit and capital made the decision difficult to make, and even harder to execute. This is especially true of small businesses, a traditional source of new jobs.
One significant event that helped stem the decline was the bold and controversial move to execute a government spending program designed to stimulate growth. By targeting investment in those places that require more labor, the government provided the means for companies to hire and produce again. While this necessarily added to the deficit, it prompted the economic engine which allowed companies to begin hiring again.
In the end, the bolstering of very large companies on the brink of failure as well as spending on national infrastructure seems to be working. The continuing net loss of jobs has been stemmed, and there is a new trend in job growth that foretells a brighter future once again. Just as pessimism fed the decline, optimism feeds the rebound and growth, leading to the new challenge; maintaining steady growth without inflation.
As the financial waters calmed, the beginnings of a recovery emerged from the chaos and turmoil, jobs began to appear, and finally the continuing net loss of jobs was finally stemmed. Since then, a steady progression of positive job growth has been realized. There is still much work to be done to return to vibrant employment, but the trend is in the right direction.
Once an opportunity becomes available, employers are overwhelmed with the number of applicants, and making a selection becomes difficult. Naturally, this is a much better situation for the employer with an open position, but it is still complex. Pre employment assessment tests level the competitive field and help the best candidate get the position.
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Candidates can now undergo pre employment assessment tests via www.mentortt.com. If you want to find out more, read our blog at http://www.mentortt.com.
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