Job Market Basics for Business Leaders

This course instructs business leaders on how to strategically approach job market decisions and challenges, as well as evaluate opportunities in their own careers.

Overview

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

1. Fundamental Truths

• Best time to get a job is when you have a job
• Unemployment scarring
• Move around to move up
• Unemployment rate
• Job markets are local markets

2. Financial Considerations

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

3. Planning and Jobs in Uncertain Times

• Job markets lag economic activity
• Hiring freezes
• Furloughs and layoffs
• Overtime as stopgap
• Hire slowly and fire quickly

Conclusion

• Next steps