Job-seeking networks are getting tapped out. Even social capital runs out. Interesting article - but it never makes the central point in this mess: HR is broken. It needs to be fixed. It's holding back people from getting jobs, firms from building strategic resources, and the economy from building a surplus.
HR is so
fundamentally flawed I don't even know where to begin discussing it. The name itself is offensive. It should
act as an enabler - but right now, it's incentives are all wrong, and it operates under the biggest moral hazard of any department in the firm. It is allowed to act in it's own self-interest - which is divergent from the interest of the firm (and job-seekers).
"...Many experts are baffled as to what might work for job seekers whose networks are drying up. "Sad thing to confirm, but networking has hit burnout," said Stephanie Pinson, president of the executive search firm Gilbert Tweed, in New York. "I'm not sure the best way to go about it anymore. That's why so many people are dropping out of the job market. They don't know who else to talk to, or are just getting tired of not hearing anything. It's a very different market now."
Here's a hint: fix HR
. Oh, wait - recruiters are part of the incentives that broke HR in the first place.