Why a 93% Employment Rate is Pretty Damn Good

I don’t know about you, but I think having a 93 percent employment rate is pretty damn good!

Take this little test:

  1. Pick any profession or trade – even unskilled positions.
  2. Bring in 100 currently employed people within a specific position you choose.
  3. Interview all 100.
  4. Now, tell me out of the 100 you interviewed – would you offer a position to 93 of them!?

Breaking down those 100 interviews

No way, ever, in any position!

Let’s break down the 100 interviews:

  • Three (3) – You’ll have three candidates that won’t even show up – car trouble, emergency, alarm clock didn’t go off, etc. (these are automatic ‘No’s’)
  • Four (4) – You’ll have four candidates that will show and you will wish they hadn’t shown up for a number of reasons, most dealing with hygiene and/or obnoxious laughing or talking.
  • Two (2) – You’ll have two candidates that will be completely arrogant and won’t fit your culture. No offer.
  • Five (5) – You’ll have five candidates that you’ll like, but they won’t like you.

The reality is your pool is about 85 of 100 on your best, luckiest day. You’re not really selecting from 100, ever.

Why 93% is like full employment

So now you have 85 candidates, some of which you’ll find some too light or too heavy on experience, some that you’ll hate the school they graduated from, a half dozen you’ll get bad references on, etc.

93 percent!

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I’m telling you right now, at 93 percent, America is fully employed!

I’m always amazed to hear people in business talk about high unemployment. I don’t think they really understand what that number represents. When you talk to HR people, 100 percent will be able to give you a list of people who are working for them that they wish weren’t working for them, but they can’t find anyone better!

93 percent!

This was originally published on Tim Sackett’s blog, The Tim Sackett Project.

Tim Sackett, MS, SPHR is executive vice president of HRU Technical Resources, a contingent staffing firm in Lansing, MI. Tim has 20 years of HR and talent background split evenly between corporate HR gigs among the Fortune 500 and the HR vendor community ? so he gets it from both sides of the desk. A frequent contributor to the talent blog Fistful of Talent, Tim also speaks at many HR conferences and events. Contact him here.

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2 Comments on “Why a 93% Employment Rate is Pretty Damn Good

  1. Its only ~7% unemployed by that defined measure. For those that are employed from the whole population, look at the employment population ratio. Its about 58%

  2. Hi Tim, don’t know you to be able to read this as joking or sarcastic, given your reach and audience, I hope you are not serious.

    @Chris you nailed it, EPR is my gold standard. I regret that EPR is not sexy enough for the press to report on as it doesn’t move much, but when it moves, it is meaningful. http://data.bls.gov/timeseries/LNS12300000

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