Per WSJ

In a survey, hiring managers revealed that over a quarter of them had job postings up for over four months. The survey consisted of 1,000 hiring managers, and they revealed a few facts about the job market.

One of the revelations was that some hiring managers left job posts open for positions they weren't actively trying to fill. This meant that the job postings were open, but they weren't urgent or prioritized.

The survey also found that nearly half of the hiring managers kept the ads up, creating an impression that the company was growing. This was according to the survey by Clarify Capital.

The survey was taken on August 31 to September 1, 2022, and it found that 1 in 10 managers had job postings open for more than six months. It was revealed that 68% had job postings active for over 30 days.

It was also noted that 40% of employers plan to fill their active job posts between the 2nd and third months. Only 16% planned to fill the positions in less than a month.

The survey found that the second major reason why employers weren't actively trying to fill positions was just to keep the current employees motivated. 43% of the participants said this was the case, and the same number of employers said they wanted to give the impression that the company continues to grow.

Amid the wide range of layoffs earlier this year, even Amazon HR staffers were already looking for new jobs themselves. A previous study found that some of them placed #OpenToWork on LinkedIn.

About a week ago, it was also reported that Credit Suisse bankers were starting to flood recruiters with job inquiries ahead of the UBS Group AG takeover. Despite multiple inquiries, there could only be a few hires as the rest would lose their jobs and have to look for other jobs.

See flow at unusualwhales.com/flow.

Other News:

Resources:

The Wall Street Journal

Clarify Capital