Friday, June 29, 2012
The experience economy
In this very competitive and uncertainty economy, the one thing that has come on top if experience. Although experience was always required for getting jobs but this time with so many people out of work and for longer periods of time, that companies have a big leeway in what they require in a person they are hiring and the particular experience a person possesses in order to do a certain job wins out. But what about the people who have been out of work for a long time and whose skills are now rusty. Also people who are new and have not had the chance to gain experiences. These people have a hard time finding jobs and are at a disadvantage against recently laid off or experienced person. I can understand that companies may not have the time or the patience or money to spend to train some person who may or may not stay with them for long term, but do we ignore all these people who will ultimately cost money not only to the other tax payers but the economy as a whole because they will then waste away their skills, go on welfare and then put more burden on an already burden welfare system. The lack of training by the companies is so much glaring that people are getting discouraged to apply for jobs or make so much effort to secure a job that it stresses them out and that in turn put burden on the health care system. So all this expectations about job applicants having experience snowballs into indirect costs that ultimately hurt the competitiveness of the U.S. economy. Everybody deserves a break and a person with stale skills or no experiences should be hired and trained for that job because that is what human resources are all about.