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Internet job search and unemployment - Essay Example

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. Since unemployment is treated as one of the important indicators for social well being countries tend to lend focus on creating new job opportunities that will raise the overall standard of well being in the economy. In this case the internet job sites play an important role. …
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Internet job search and unemployment
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Internet job search and unemployment

Download file to see previous pages... The advantages of internet job sites are two folds. It benefits the job seekers as well as the employers (Lucas, 2012). The job seekers can easily access the information of recruitments in various organizations and select the organization of their choice where they want to apply. On the other hand the employers have the luxury to select the best brains.
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The turbulence on the world economy in the recent times has forced the rate of unemployment to take the steep rising curve. The situation is more or less the same for most of the countries. The job market got hit the hardest since the impact of the financial distress. The level of unemployment in United States remained at the high level last year despite attempts made by the Obama government to open up new job opportunities. The new study conducted by University of Colorado revealed that use of internet to find the right job is beneficial in the job searching process. The research involved in the survey found that use of internet to seek employment reduces the amount spent to look out for employment through other sources. But there exists some other researches that contradict the survey. In the year 2004 some researchers came up with the findings of two kinds of scenarios. They found that internet was not an effective tool in job searching process and the people who looked to search jobs online were not as qualified. But the effect of globalization and technological advancements internet has entered into the living rooms of the society. The websites on job searches have improved in due course of time. In recent times the employers are taking the initiative to provide detailed job listings and information on available positions on the job search engines which eases up the process between the employer and the job seeker (Goess, 2011). The change has been overwhelming with significant improvements over the period while the penetration of internet acted to be the catalyst. The introduction of social media has dramatically changed the way people land up their jobs. The social networking sites namely twitter, facebook or Linkedin are the platforms to connect with others in person or with specific industry. The online platforms in most cases play the primary role in how the job seeker gets connected with the employer regarding the job opening. There is a dark side as well. The invention of social media can harm the efforts of job seekers. The search theory can be applied in labor economics with the aim to analyze the frictional unemployment resulting from job hunting by the job seekers. From the perspective of job seekers an acceptable offer is one that provides high wage along with additional benefits and also provides safe working conditions. The theory studies the optimal strategy of the job seekers to choose the job of right quality from the available opportunities and optimize the decision making process. The job sites presents all the available positions on one window and therefore the job seekers have the choice to choose their platter and take the right decision at the right time but the question arises will the job sites be able to sustain and have long term impacts upon the level of unemployment. Policy makers have came up with many tools so as to take care of long term unemployment problem. However researchers argue can the ...Download file to see next pagesRead More
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