Time as a key factor in understanding unemployment in Brazil

Despite having reached its lowest level in the last eight years, as revealed by the National Household Sample Survey (PNAD) of August 2023, unemployment continues to be a worrying reality for a large part of the Brazilian population, especially those with low income. . Data from the Brazilian Institute of Geography and Statistics (IBGE) indicate an unemployment rate of 7.8%, which translates into 8.6 million people looking for work in the country.

The majority of unemployed people belong to class C and, on average, have been away from the formal job market for around two years or more. The situation is worsened by the fact that around 4.3 million people gave up looking for a job after unsuccessful attempts, becoming “discouraged” according to the IBGE classification. This segment is not even included in unemployment rates in Brazil, which contributes to masking the reality of millions of people in the country.

In light of recent statistics, we can see that the longer a worker spends unemployed, whether looking for a job or feeling discouraged, the more difficult it becomes for them to return to the job market. The temporal issue also appears as an impediment for those who are starting their professional life, considering that 30% of the unemployed in Brazil are between 18 and 24 years old, an age group in which many individuals are looking for their first job and are faced with a lack of employment. of experience.

At the other end of the equation, time is a burden for companies, which commit, on average, 52.5 hours and R$2,404.63 to fill each available vacancy in their system, according to Reachr. Finding the ideal candidate is increasingly becoming an arduous task, given the large number of people applying for a position and the latent search by companies to reduce the turnover rate. This implies a significant expenditure of time on the part of recruiters, delaying the selection process.

The time spent waiting in line looking for job vacancies adds to the time spent analyzing profiles in search of the ideal candidate, creating gaps between talent and hiring companies. This problem grows evidently every day and organizations need to be aware of its existence and the need to overcome it, so that the country can develop and avoid phenomena such as the Technological Blackout that we have witnessed and the growth in number of discouraged people in the country which, in 2022 alone, grew by more than 7%.

*Rafael Pinho, CEO of Refuturizaa pioneering ecosystem in combining employability with education and whose solutions are focused on the Brazilian population of classes C and D