While many states have already ended the weekly unemployment supplement under the CARES Act, some states are still holding out until September . What can your business expect from the ending of this financial aid?
Critics of the pandemic aid believe that the supplemental benefits of $300 a week, previously $600 a week, are keeping people from going to work and jumpstarting the economy.
However, since some states ended in June and July, employers are not seeing a large influx in candidates applying for and accepting the increasing number of open jobs. In fact, “Census Bureau data suggests recipients didn’t rush to find jobs in states that cut off pandemic aid early.”
Instead, job seekers are reluctant to return to work due to concerns of childcare assistance, the need for higher pay and flexible schedules, as well as workers’ health and safety with the increasing numbers of Delta variant cases. Employers are starting to see while unemployment happens fast, reemployment takes time.
For more insights and steps you can take to accommodate this candidate-driven market check out the following infographic The Reserves Network has created, along with our affiliate companies, ExecuTeam and Team1Medical.