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Job Market Basics for Business Leaders

Job Market Basics for Business Leaders

21mBeginner2021-02-17

Authors

Jason Schenker

Jason Schenker

Economist, Finance Expert, Futurist, Speaker, and Author

Course details

Understanding labor market dynamics is an important skill for leaders on multiple levels. Leaders need to hire people, they need to secure resources, and they need to manage their own careers. In this course, Jason Schenker shares the most important job market basics that can inform effective labor market strategies for leaders. He shows you how to identify levers of opportunity to secure labor market resources, like how to get the best people on your team and the best time to hire. Jason details how to manage resource constraints like layoffs, furloughs, and hiring freezes while still leading your team and organization to success. He also highlights strategies for your own career, like the best time to look for a new role, the value of education, and how remote work impacts labor market access for leaders. After this course, you’ll have a better idea of how to strategically approach job market decisions and challenges, as well as evaluate opportunities in your career.

Skills covered

Hiring and InterviewingHuman ResourcesLimited Series

Concepts

Overview

  • 01 - Job market secrets for business leaders
  • 02 - Three categories of job market basics

1. Fundamental Truths

  • 03 - Best time to get a job is when you have a job
  • 04 - Unemployment scarring
  • 05 - Move around to move up
  • 06 - Unemployment rate
  • 07 - Job markets are local markets

2. Financial Considerations

  • 08 - Education is positively correlated with income, inversely with unemployment
  • 09 - Education is correlated with remote work
  • 10 - Wage isn't always the only cost
  • 11 - Budget season

3. Planning and Jobs in Uncertain Times

  • 12 - Job markets lag economic activity
  • 13 - Hiring freezes
  • 14 - Furloughs and layoffs
  • 15 - Overtime as stopgap
  • 16 - Hire slowly and fire quickly

Conclusion

  • 17 - Next steps

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