That job you applied for might not exist
Fake job ads, or "ghost jobs," are increasingly common, with 40% of companies admitting to posting them. Despite moral concerns, 70% of hiring managers see them as beneficial. These deceptive practices can harm a company's reputation and confuse job seekers.
Read original articleFake job ads are on the rise, with 40% of companies admitting to posting non-existent job openings. These "ghost jobs" are created by hiring managers themselves to give the impression of company growth or to signal to employees that they are replaceable. Despite the deceptive nature of these practices, 70% of hiring managers find them morally acceptable and beneficial for business. The motives behind these fake listings vary, from boosting revenue to increasing productivity and morale among workers. However, the repercussions can be damaging, as exposure can harm a company's reputation and recruiting efforts. It can be challenging for job seekers to differentiate between real and fake job ads, especially when companies go as far as conducting interviews for non-existent positions. The prevalence of these deceptive practices sheds light on why many applicants never hear back from recruiters after submitting their resumes.
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Mass-producing adverts for non-existent positions is a method of defrauding investors that is not currently policed in any way. Will this loophole be addressed by the SEC or HCoFS in the future? It depends on the next election, but possibly not at all.
This is short sighted as this will ultimately push more job seekers into going through external recruiters and these companies will be left paying recruitment premiums.
Stats: https://x.com/gaybearres/status/1807738852259299626?s=48
- 40% of companies admit to posting fake jobs
- 70% of managers believe posting fake job listings boosted revenue
- 65% of managers believe the job ads had a positive impact on morale
- 77% of managers reported an uptick in productivity among workers
- On comment: 70% of managers believe fake job postings are morally justified
The last might be the most important and overlooked: https://medium.com/@trendguardian/why-we-are-dispensable-7a5...
How are job listings and company revenue related?
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