The updated Re-employability Score is more user-friendly, offers more data and insights, and provides more in-depth advice and recommendations to the unemployed on how to improve their re-employment prospects.
Scorelogix, a Delaware based research and analytics company and an expert in job outlook forecasting, has updated its innovative Re-employability Score, popularly called the RES. The Re-employability Score is a measure of a person’s re-employment prospects in the next 12 months and it predicts how quickly an unemployed person is likely to become employed.
As unemployment continues to rise, many more millions of Americans are in search of employment in an economic climate where jobs are getting scarce. Presently, 9.5 million Americans are unemployed and the national unemployment rate stands at a 5-year high of 6.1%. The RES helps the unemployed find jobs by offering an objective snapshot of the demand for an individual’s skills in the current employment market.
“Finding a job is all about looking in the right place at the right time, and the RES gives job seekers just that kind of edge” says Suresh Annappindi, CEO of Scorelogix. For most individuals, the five most important factors affecting re-employability are location, occupation, educational background, age, and industry, and these are thoroughly analyzed in the Scorelogix RES score and report.
Like the older version, the new Re-employability Score (RES) uses Scorelogix’s patent-pending forecasting model to predict re-employment prospects for any unemployed individual based on his or her personal profile, economic data, and Scorelogix’s market outlook data. The RES rates an individual’s re-employment prospects on a scale from 0-500. A higher RES score indicates better re-employment prospects. The new RES is designed to offer users more easy-to-use data and charts, and it includes recommendations and actionable advice in a user friendly report format.
The personal RES score and report also shows how the individual ranks relative to other unemployed people. On average an unemployed person will remain unemployed for 17.5 weeks and 20% of all unemployed are unable to find jobs for over 6 months. However, by carefully targeting locations and industries which have better job markets, individuals can dramatically improve their job prospects, and that is where RES helps. The RES report offers exhaustive “what-if” RES scores for different locations, industries, occupations, etc, allowing the individual to develop a more effective job search strategy.
Media Contact:
Bill Dougherty
bill.dougherty@scorelogix.com
302 328 1210
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