• return2ozma@lemmy.worldOP
    link
    fedilink
    arrow-up
    79
    arrow-down
    6
    ·
    10 months ago

    Dirty secret… Companies often post fake jobs that they never intend to fill. This makes it look like the company is hiring a lot and that positively impacts stock price

    • henfredemars@infosec.pub
      link
      fedilink
      English
      arrow-up
      27
      ·
      edit-2
      10 months ago

      There are simpler reasons that I’ve observed internally. I’ve seen excellent resumés go completely ignored simply because the manager wants to wait forever for a unicorn with 10 years of highly specialized experience but is somehow magically just starting out.

      Also make job postings just so they can whine to the government later about how they can’t find workers.

      • urist@lemmy.blahaj.zone
        link
        fedilink
        arrow-up
        3
        arrow-down
        2
        ·
        edit-2
        10 months ago

        My company also has job listings on its website that aren’t “real”. They have already been filled - months ago. HR is so dysfunctional it’s not on their priority list to take them down.

        My managers get job applications all the time and sometimes forward them on to other departments that are hiring (because HR is taking too long to post new job listings)

        I hate it here

    • grue@lemmy.world
      link
      fedilink
      English
      arrow-up
      15
      ·
      edit-2
      10 months ago

      In larger companies, they also do it when company policy requires them to advertise externally for positions even though the hiring manager already knows exactly which internal candidate he intends to promote to it.

    • Null User Object@programming.dev
      link
      fedilink
      arrow-up
      14
      arrow-down
      1
      ·
      10 months ago

      No serious investor is dumb enough to be swayed by data that’s easy to fake. Public companies are required to publish their financial reports every quarter.

      • FireRetardant@lemmy.world
        link
        fedilink
        arrow-up
        15
        ·
        edit-2
        10 months ago

        Nortel basically cheated the stock market by buying any company they could to look succesful while publishing not so real numbers in their reports, which caused their stock price to explode for a few years. Investors only care about returns. They don’t care if the company goes under after they’ve made their money

        • bfg9k@lemmy.world
          link
          fedilink
          arrow-up
          6
          ·
          10 months ago

          Nortel was like old school AT&T, they got big by doing things properly with reliable, well-designed hardware/software and hiring lots of extremely talented people, and once the money reached a critical mass they started doing super shady shit and traded out all of the talent, passion and loyalty for more money until nothing but a husk was left, and it inevitably collapsed.

          Greed consumes all.

        • Null User Object@programming.dev
          link
          fedilink
          arrow-up
          5
          ·
          10 months ago

          That’s a far cry from investors just counting how many job listings the company has on Indeed without knowing if those positions are actually being filled, and if they’re new positions or just replacing people that quit

      • Jentu@lemmy.blahaj.zone
        link
        fedilink
        arrow-up
        5
        ·
        10 months ago

        A company I used to work for (digital advertising) would buy fake Facebook likes and followers and it seemed to work well for them with regards to getting a ton of investors. That is, until Facebook made changes that pretty much stopped all profit from the platform.

      • lolcatnip@reddthat.com
        link
        fedilink
        English
        arrow-up
        1
        ·
        edit-2
        10 months ago

        Very few investors are serious. Most are just random schmucks trying to save for retirement.

    • FireRetardant@lemmy.world
      link
      fedilink
      arrow-up
      12
      ·
      10 months ago

      It also gives them the chance to scoop good candidates (highly skilled or willing to be underpaid).

      It also gives them an idea of the quality of candidate available at that wage, potentially firing an existing employee to hire a similar one for less.

    • RotaryKeyboard@lemmy.sdf.org
      link
      fedilink
      English
      arrow-up
      8
      ·
      10 months ago

      I was reading elsewhere that some companies who want to transition an H1-B worker to a permanent worker are required to post the position first. They never intend to hire anyone other than the experienced H1-B worker, so the ad stays up for a period of time until they can pretend that the H1-B worker is the only qualified candidate. I don’t know how true this is, but it sure sounds plausible.

    • afraid_of_zombies@lemmy.world
      link
      fedilink
      arrow-up
      5
      ·
      10 months ago

      There is a company in my area that has been “trying” to fill a role in my field for at least 6 years, non-stop. They spend money every month to put up a fake help wanted as on indeed.

    • RestrictedAccount@lemmy.world
      link
      fedilink
      arrow-up
      7
      arrow-down
      22
      ·
      10 months ago

      Payroll employment is way up. An HR scam can’t really fake that.

      But CNBC and The NY Times, who IMO hate Biden for not being a true lefty, can keep taking about how shitty everyone feels.

          • afraid_of_zombies@lemmy.world
            link
            fedilink
            arrow-up
            4
            arrow-down
            3
            ·
            10 months ago

            Uh huh. So why don’t you spend a minute going to Labor statistics site and then seeing the sub breakdown by age group? It is not just boomers retiring it is prime working age adults not working.

            Which why should they? You get better medical insurance not employed vs employed. The salaries are trash anyway. Plus you are just going to get laid off at any moment.

            • RestrictedAccount@lemmy.world
              link
              fedilink
              arrow-up
              3
              ·
              edit-2
              10 months ago

              There are 157.7 million people employed. 5 million more than before the pandemic. More than any time in US history.

              Boomers start at age 59 and north. So they will show up as working age adults. Since there are so many more of them not working than the Zs that are replacing them that skews the statistics.

              Edit: The labor participation rate for 25-54 is the same as it was in the 1990’s and much higher than in the 2010’s.

              • afraid_of_zombies@lemmy.world
                link
                fedilink
                arrow-up
                1
                arrow-down
                3
                ·
                10 months ago

                There are 157.7 million people employed. 5 million more than before the pandemic. More than any time in US history.

                US population is higher.

                Boomers start at age 59 and north. So they will show up as working age adults. Since there are so many more of them not working than the Zs that are replacing them that skews the statistics.

                Not an excuse

                Edit: The labor participation rate for 25-54 is the same as it was in the 1990’s and much higher than in the 2010’s.

                People don’t work before age 25 or after 54? I want the numbers between 16-65. Thanks

      • grue@lemmy.world
        link
        fedilink
        English
        arrow-up
        9
        arrow-down
        1
        ·
        10 months ago

        But CNBC and The NY Times, who IMO hate Biden for not being a true lefty…

        LOL, that’s absolutely ludicrous. If anything, they would hate Biden for being too lefty.

      • Ensign_Crab@lemmy.world
        link
        fedilink
        English
        arrow-up
        4
        arrow-down
        3
        ·
        10 months ago

        That evil leftist media, out to get Biden.

        Democrats have moved so far to the right, they’re whining that the press isn’t far enough to the right for their liking.