Employment Opportunities

June 29, 2009

It sounds counter-intuitive while in a recession, but we are on the verge of a period of strong employment for anyone with a clue. Here’s why: This recession is just a bit of a breather before the hunt for talented people resumes. I should point out, that during the last recession when aggregate unemployment was round 8%, it never got past 3% for those with a college degree.

Spend this period before the recovery to hone your skills, take a course, and give deep thought to what you want to be doing when the headhunters start calling again.

An interesting book about Gen Y, “Not Everyone Gets a Trophy” by Bruce Tulgan talks about the challenges of managing that generation. Full of anecdotes about how managing them is like herding cats and often more like parenting than managing.

Will this recessionary time recalibrate Gen Y expectations? Simple economics suggests so, especially as the enormous size of that cohort increases competition for the “good jobs’ as economic strength returns.

Friends, I’m getting the hang of this blog thing, I think. I have been collecting interesting news items and reading more about what makes a PWAC. Someone recently asked me about whether “PWACINESS” is actually a new idea or not. Haven’t “elites” always existed?

It’s a good point. My view is that while there always have been the elites in societies they were traditionally what I would call hereditary elites. Where monarchies existed, the elite came from the loins of the so-called royalty. In our culture, our elites came for the families of our richest citizens, many of whom EARNED their wealth in the entrepreneurial scrum of 19th Century America.

Today, elites (PWACs) will come from the ranks of the SMART. If you have the SKILLS, ATTRIBUTES, ATTITUDES, and INTELLECT to add value, companies and organizations will want, NO –NEED you regardless of where you come from.

The Talent Shortage may possibly do for people what BILLIONS of DOLLARS in spending and legislation have thus far failed to do. Create equality of opportunity for all…well, ALL that are willing to invest the time and energy it takes to cultivate these important skills.

It brings the question: Can ANYONE be a PWAC if they work hard enough? Your thoughts?