For decades, applying for jobs usually ran to a set formula: Gather your certificates, update your CV, craft a tight but stylish cover letter and fire it all off to the prospective employer. Today, it still goes more or less like this - but before a superior sees the application, you may first have to win over a bot. Artificial intelligence (AI) is rapidly gaining ground in this area of our working lives as well. "Theoretically, AI can carry out the entire recruiting process on its own," says An
In a not-so-stunning twist, the German workforce downturn highlights persistent economic woes. As a potential recession haunts the nation amid budgetary limbo, exacerbated by energy crises and accelerating deindustrialization, the future remains gloomy for the Olaf Scholz led government.
The region faces further dampened growth and drained public coffers after a year of near-zero economic growth, slowing job creation and possible layoffs.
According to the latest figures from the Organisation for Economic Cooperation and Development (OECD), Germans worked an average of 1,349 hours per employed person in 2021.