I don’t know about you, but I think having a 93 percent employment rate is pretty damn good!
Take this little test:
- Pick any profession or trade – even unskilled positions.
- Bring in 100 currently employed people within a specific position you choose.
- Interview all 100.
- 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.
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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!