Final answer:
The influx of online applications has changed the job market, with the internet, networking platforms like LinkedIn, and temporary work agencies greatly influencing job searches. Companies use ATS to manage applications, while job seekers must navigate online resources and temporary positions to secure employment.
Step-by-step explanation:
The hiring and job application process has been significantly transformed by the internet. Today, with the ease of online applications, job seekers can discover jobs across various companies and apply through platforms such as LinkedIn, Indeed, and ZipRecruiter. Employers use applicant tracking systems (ATS) to manage the influx of applications, which can sometimes make job seekers feel their efforts are unnoticed.
Submitting online applications can be streamlined by various strategies. For instance, job search engines simplify finding open positions, while social networking sites help in networking and discovering new opportunities. Furthermore, the growth of temporary work agencies has contributed to reducing the natural rate of unemployment, offering temporary positions that often lead to permanent employment.
This growth not only serves as a bridge for job seekers to find long-term jobs but also acts as a resource for companies to assess potential employees before making permanent hiring decisions.
The demographic changes, such as the aging of the baby boom generation, have also influenced the job market, causing a shift in the proportion of young to older workers, and affecting overall unemployment rates. As a result, the strategies for job searching and hiring have had to adapt to these evolving trends.