Labor Market conditions
Another external environmental factor affecting recruiting is labor market conditions (these were described in some detail in Chapter 2). If there is a surplus of labor at recruiting time, even informal attempts at recruiting will probably attract more than enough applicants. However, when full employment is nearly reached in an area, skillful and prolonged recruiting may be necessary to attract any applicants who fulfill the expectations of the organization. Obvious, how many applicants are available also depends on whether the economy is growing. When companies are not creating new jobs, there is often an oversupply of qualified labor.