As American’s everywhere are feeling the “inflation” squeeze many are contemplating the thought of returning to the workforce. Consumers not only fear inflation but are already experiencing a decrease in purchasing power.
A recent survey of re-entry candidates indicates that at least 50% of individuals that retired during the pandemic have returned or are considering returning to work. As high as 40% of those returning cite rising cost and inflation as a primary driver.
In addition, stay at home parents are also considering joining the workforce part time, 20-30 hours weekly. You might assume that the increase of individuals returning to the workforce would be a reason for employers to rejoice. However, re-entry candidates share a quite different perspective.
Unsurprisingly, many of these potential employees are met with scrutiny and judgement because of gaps in employment. It seems like no response is sufficient to explain workforce re-entry to the “new aged” recruiter/hiring manager who might not understand or appreciate the ups and downs throughout the career journey.
If you haven't quite figured it out, there is a direct correlation between workforce re-entry and inflation. It is important that more organizations create a pathway for these types of employees.
At Distinctive Staffing Services TX, we understand the rollercoaster of life. Our partnerships are geared towards individuals who may be facing unique struggles and challenges as they attempt to transition into the workplace. If your organization offers a returnship program, we would love to hear from you in the comments. If you are an organization interested in partnering with us to create a pathway of success for these individuals, we would love to join forces with you. Let's make hiring easy, together.