Rising number of experienced and competent professionals are finding it difficult to re-enter the labour market after being let go or quitting
Despite having 20 years of experience underscored by notable achievements, the response from prospective employers has been cold. Dan Kaplan, a senior client partner at global consulting firm Korn Ferry, and his colleagues have observed this trend unfold across the U.S. and Canada over the last few years. Mr. Kaplan calls it a “scary” situation where experienced, skilled and competent professionals are not able to now find their way back into the work force. He refers to the group as “unemployables.”
“Career websites are drowning the recruitment process,” Mr. Kaplan said. “You put a job posting out and six minutes later you have tens of thousands of applications that the employers will not be able to go through. Many qualified applicants are never going to hear back because it’s a numbers game now.”from recruitment firm Robert Half shows 41 per cent of managers say they’ve made a regrettable hire in the last year, up from 17 per cent in 2022.