Executive Job Market Trends & Analysis (aka “Will I Stay or Will I Go?”)

Posted on March 20, 2012. Filed under: Job Market Trends | Tags: , , , , , , , , , , , |

by Stephen Van Vreede (@ITtechExec)

Good News for Some Technical Sectors

ExecuNet recently released some excerpts from their upcoming Job Market Intelligence Report for 2012. With a 14% increase in job placements (assignments) expected throughout 2012, the top 3 growth industries or sectors are projected to be 1) Healthcare, 2) Technology, and 3) Manufacturing. Of course, the number of technology-related positions in the healthcare and manufacturing segments has grown tremendously. So, for IT and technical candidates, this is a good sign for the upcoming year (check out some more 2012 figures).

6 Months for a Job Search Is the Norm

For executive-level candidates, slightly more than half (52%) thought about a job change over the past 12 months. For those candidates that are conducting a job search now or have taken part in a job search over the past year, the expectation was that it would take nearly 6 months to complete the job search but that it would yield a salary or total compensation package increase of about 13%. The 6-month time frame is consistent with the results over the past several years, so there weren’t any apparent “breakthroughs” during 2011, which confirms what most job seekers have believed about the job market in 2011.

So Will You Stay or Will You Go?

Finally, 70% of executives anticipated low or relatively low turnover for the remainder of this year. This statistic cuts two ways. First, the most common view is that people view this figure as a favorable indication that the economy and the job market (and unemployment) have stabilized. So, we shouldn’t expect to see major layoffs or large-scale downsizing initiatives across the board–although some are going to occur regardless of how high or low the market goes. Of course, one can point to the fact that most organizations have gone through their exercise of “right-sizing” to flesh out the dead weight, get lean, cut costs, etc. As a result, there is little need to do more cutting in 2012 unless the economy takes a major turn for the worse.
The second view–which still allows for the opinion above to be true–is that the expectation for little or low turnover is proof of just how tenuous the economy and job market really are. In our experience as resume writers and in the corporate world as hiring directors, when the economy is strong, people are more assertive in the job search. They hire resume writers to help them prepare the best possible document so that they reach for new heights and stretch for the dream job. When things are not looking strong, human nature is to hunker down, be cautious, play it safe, and weather the storm. People are more satisfied trying to hold on to what they have. In other words, for their own security, they decide to stay in their current job, thus reducing employment turnover expectations.

Did you find this post helpful? If so, please share it! Or send us a comment. We’d love to hear from you.

The ITtechExec Way

To arm yourself with more tools in your technical job search arsenal, we offer a free Technical Jobs report & Online Identity Assessment to our followers. We also offer a 10% discount to our followers. Take advantage of our offer just by signing up to follow this blog or go to our website ITtechExec (be sure to indicate in the “How did you hear about us?” box that you found us through our blog).

Read Full Post | Make a Comment ( None so far )

Congratulations, You’re Perfectly Adequate. When Can You Start?

Posted on September 17, 2009. Filed under: Job Search Tips | Tags: , , , , |

This entry is the third in our series by Sara, a recent college graduate who has been facing the daunting task of finding her first “real” job. The other two posts are “The Plight of the Recent College Grad” and “Interviewing: Practice Really Does Make Perfect.”

In this post, she talks about receiving her first official offer and discovering that sometimes even when you do get an offer, it isn’t exactly what you were hoping for.

Here’s Sara:

Well, it finally happened; after a strange interview and an extended round of phone tag I came home to a voicemail that offered me a position with a local web-marketing company. It was a full-time job in my field where I would spend most of my time writing and corresponding with other web marketers—what a great opportunity to network and earn money simultaneously!

Too bad I turned it down.

Sure, it was nice to see that someone, somewhere thought I would be an asset for his organization, but too many factors sent up red flags and made me too uncomfortable to accept the position.

First flag, a company that built up clients’ web presence, yet it did not have a website. I spent a half hour before the interview trying to do research on the company, and the only thing I found was a logo. At the interview, I asked why the company didn’t have a site and was told that the company did not need to advertise. It has all the clients it needs and has actually gone so far as to try to avoid picking up a new client. Clearly, the company was not growing—if it was, no one knew about it—which brings me to red-flag number two.

One of the first things out of my interviewer’s mouth was that he “wasn’t looking for a shining star. I don’t want someone to go above and beyond the call of duty, I just want someone to do the work.” Well, if that’s the case, I guess all of my past accomplishments that I’ve spent my life working to achieve mean nothing, so we can just get down to whether I can handle mediocrity.

Another major issue I had with the position was the fact that I had no room to grow. I would be stuck in a tiny office, performing the same task for eight hours a day, with no hope of advancement. What was this job going to do for me other than add another bullet to my resume?

The more I thought about the position, the more I realized that it was a step backward. If I were still in school, then it would have been the perfect position for me to earn money and some basic marketing experience, but it definitely was not the way to start a career. So, instead of settling, I chose to count my blessings, trust that I was better than “perfectly adequate,” and hope that the right position will come along soon.

Read Full Post | Make a Comment ( None so far )

The Plight of the Recent College Grad

Posted on July 9, 2009. Filed under: Job Search Tips | Tags: , , , , , |

Meet Sara. You probably know many others like her. She just graduated from college, and she is facing her first real job search. Not only is she discovering the job market is flooded with thousands of other entry-level candidates, but she is also realizing that college did not really prepare her for answering that all important job search question: “What are you looking for?”

As Sara continues through her job search, I’ve asked her if she would share some of her experience from time to time. As one of our “noddlers” at NoddlePlace.com, we encourage other grads like her to come join us and band together. After all, “two are better than one…[and] a cord of three strands is not easily broken.”

Sara’s Journey:

This past May, I received my BAs in English and Communications. All of senior year, my intention was to graduate and settle into a nice, entry-level, marketing or public relations position with a local company and start real life.

Fail.

I graduated cum laude with a 3.7 GPA, a semester abroad, an internship, a portfolio, as well as some various club and volunteer activities, and I have yet to be called for an interview. My parents’ stress level is growing with each passing week, and they have begun to hint that graduate school may be my best option, despite the fact that, at 22 years old, I have no idea what I want to do with my life.

People have told me that I need to look at this “setback” as an opportunity to experience life before being sucked up into a corporate whirlwind of money, bills, and time-management. Apparently, this is my time to travel the world, meet new people, and discover myself; “live it up,” so to speak. And although that might sound fine and dandy for some people, I’m not too comfortable with such an unpredictable future.

So, for now, it’s me against the job market and who-knows-how-many other college graduates vying for the same position. Resumes and cover letters have been rewritten, revamped, and sent out with little to show for it. I have joined many of the job networking websites like LinkedIn and Noddleplace and scoured the Internet for job leads.

Nothing. Something isn’t working.

It took me a long time and a lot of rejection before I realized why I’m not making any progress: I have no idea what I want to do.
People ask me what kind of job I’m looking for, and I stare blankly at them and stutter. Maybe I do need to go “live it up” in Europe and drink away all of my cares and responsibilities overseas, awaiting the glorious epiphany that will determine the rest of my life.

Or maybe I can make some progress in my job search, by looking for more real-world experience.

Since graduating, I have arranged for enough internships to carry me through the end of the year. If I’m not going to get hired, then I’m going to do everything I can to get experience, which includes working for free, in the industries I’m interested in. These internships are helping me build a network and get me the experience that will eventually give me a leg up on my competition. I’m still applying for jobs daily, but for now, I’m going to take it one day at a time until I figure out what I am supposed to do.

So who am I anyway? Why do I think my advice is so valuable?
My name is Stephen Van Vreede. My company is called No Stone Unturned, and I have spent 15 years on both sides of the corporate hiring experience.

The short story is that I have an MBA in Marketing from Villanova University and a dual B.S. degree in Finance & Logistics from the University of Maryland. I am a certified professional résumé writer (CPRW) and a member of the Professional Association of Résumé Writers and Career Coaches (PARW/CC). As I mentioned, I paid my dues in the corporate world eventually running a large-scale call center for a major truck rental company, and I have spent the past 7 years with No Stone Unturned, assisting job seekers in achieving their goals.

In February 2009, I launched a new group job hunting networking site: NoddlePlace.com. It is absolutely FREE to join, and you have access to everything on the site. Come check it out at NoddlePlace. You can also follow me on Twitter.

Read Full Post | Make a Comment ( 1 so far )

  • Meet Stephen Van Vreede

    Career Coaching Specialist with MBA, CPRW, and ACRW credentials

    Co-founder of ITtechExec & NoddlePlace, offering one-of-a kind resume and job search solutions.

  • Enter your email address to follow this blog and receive notifications of new posts by email.

  • ITtechExec

    Error: Twitter did not respond. Please wait a few minutes and refresh this page.

  • rezlady

  • RSS NoddlePlace

    • An error has occurred; the feed is probably down. Try again later.

Liked it here?
Why not try sites on the blogroll...

%d bloggers like this: