Tom Gimbel
speaker
667 appearances
10 recordings
1 series
first heard Jul 2018
last heard Dec 2023
Tom Gimbel’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · Will Workers Retain the Upper Hand Over Employers in 2022? · 27 Dec 2021
podcast
And what a lot of companies have done now is they've pushed back and they've sent everybody home for the rest of December and hoping that this will unfold in a more positive light.
I'm really confident in the fact that companies really ebb and flow with employee wants.
and that you know we we look at things as a mass employment situation but it's really not that way and that companies look at at individual situations and jr is going to be allowed to do x because he has this skill set and tom's not going to be allowed to do y because he doesn't have that skill set
And I think companies realize right now that we are in this finite moment where the economy is going gangbusters and companies can make a lot of money and take market share and roll out new products.
And they're willing to invest in their people in order to do that.
Because they don't know if it'll last 18 months or three years.
And so what we're seeing is companies are willing to truly go crazy for good talent and let the tail wag the dog a little bit right now.
The smart employee realizes that, takes advantage of it where they can, but doesn't abuse the relationship.
Well, the interesting thing of where we're at, JR, is there's an intersection between fear of COVID, supply chain problems, low unemployment, and then you have this employees or employers or who's in charge.
And so I think with the great resignation, you're going to still have people, as long as unemployment's at record low, that people are going to feel they have the opportunity to do what they want.
And I think that probably lasts through the second quarter of next year.
So the number one issue is compensation requirements.
What we've seen is, due to the tech companies, due to the stock market being so high, there's a lot of cash that companies have right now.
And the big, huge, technology-driven companies, they have the funds to be able to pay salaries that are 20%, 30%, even 50% sometimes above
where traditional companies are.
So trying to understand a compensation structure that is really insane combined with low unemployment.
However, what you usually see when this sort of thing is going on, JR, is lower level people getting hired in higher volumes, meaning recent college graduates are going to get, there won't be any unemployment for recent college graduates.
They're going to be in very high demand.
Yeah, one of the big problems that companies are seeing is that somewhere during the interview process, candidates just go away.
And what we've got is...
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