Word: ocr
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Like in Akerlof’s used-car market, the OCR platform presents employers with two categories of lemons (though others exist)—the disinterested applicant and the opportunitistic one. The former may not initially be interested in the job at all but feigns interest once granted an interview. This represents an error in selection against the interests of applicants who would like offers from the jobs they prefer most. But because of uncertainty in the market, interviews and offers are misallocated from those who should ideally receive them, those most qualified and committed for a given job?...
Restructuring OCR as a matching service, rather than merely a listing of “unverified” internships and interview space, greatly spreads the risk employers currently bear. OCS should be an impartial intermediary to match market players, though, granted, this is not an entirely closed market. Nevertheless, with preferences blind to the other side, the problem of information asymmetry can be resolved for those who do recruit, as each party is incentivized to honestly and openly reveal its preferences, which is what is lacking in the current system. Job scarcities will still lead to students...
...friend of mine once noted that, if 1,000 (or even only 688) people run by your window screaming, you are going to go outside and see what all of the commotion is about. In this way, OCR similarly distracts students from looking at other job opportunities; “everyone” is looking at jobs through OCR, so it is very easy to think that you should be doing so as well...
...make other opportunities more readily accessible, but more needs to be done. E-recruiting contains jobs that do not necessarily conduct on-campus interviews, and a first step OCS should take would include advertising these positions and making it clearer that, through the same process and website that OCR uses, students can find an even broader range of jobs. As a second effort, OCS should make a point of adding more companies to the e-recruiting website even if they do not hold on-campus interviews. The key is making as broad a range of opportunities as possible accessible from...
...This is undoubtedly one of the hardest years for job seekers in recent memory, and, while there are fewer opportunities to be found through OCR, this affords the perfect chance to reexamine the way that students are looking for and finding employment. By explicitly broadening its focus, by making students aware of other opportunities, and by making it even easier to apply for these opportunities, OCS will further its goal of helping students find the right...