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).

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

Interviewing: Practice Really Does Make Perfect

Posted on July 29, 2009. Filed under: Interviews, Job Search Tips | Tags: , , , , , , |

A few weeks ago, I introduced Sara, a recent college graduate, whom I asked to share her job search experience. I have now asked her to follow up on that article. Here is where Sara is today:

Well, I did it, I went on my first, real job interview! It was for a position I knew I was qualified for with a non-profit organization whose cause I was more than familiar with. I actually had given up hope on hearing anything, because they didn’t call me until more than a month after I applied. Imagine my surprise!

The surprise/euphoria quickly turned to dread when I realized I had never been on a “real” interview before. In the days before the big event, I spent much of my spare time reading every “this is how you interview for a job” article I could find. Most of them focused on how important it is to avoid the color red on an interview—apparently it’s a “power color”—or how wearing perfume is the equivalent of the kiss of death. I practiced answering all of the “staple” questions interviewers always ask according to these same articles, and I scoured the organization’s web site, trying to memorize everything it had done in the last six months. Everything I could think of to prepare for this thing, I did. And I think that is what tripped me up.

When the time came to sit down and actually begin the interview, I forgot everything. I was so focused on being the “promising young professional” laid out before me in all of those articles that told me what to wear, what to say, and how to act, that I couldn’t be myself. The interviewer asked me to tell him about myself, and that snappy, 30-second elevator speech I practiced for an hour the night before had flown out the window. All I could tell him were things he already knew, because all I could think of was all over the resume in front of him; I didn’t set myself apart.

Now, do I think the interview was a total disaster? No. But I do think it wasn’t my best work. Fortunately, I was given the opportunity to show the interviewer my stellar, one-of-a-kind skills in a “pop quiz” of sorts rather than tell him about them, so all is not lost. Even if I’m not offered this position, I still gained some valuable insight into the art of interviewing. Although demeanor, appearance, and knowledge all are key parts of the process, the most important thing a person can do is try to relax and be genuine. After all, a genuine person goes much farther and is more unique any day than the every-day, job-searching, clone.

Read Full Post | Make a Comment ( 2 so far )

Twitter Career Pros Who Actually Converse

Posted on May 28, 2009. Filed under: social media | Tags: , , , , , , , , , |

Job seekers often lament to us that they cannot find people, career pros especially, who will actually help them, much less speak with them. In today’s social networking environment, there is no longer any reason for this. However, people are still people no matter what the technology is doing. And it can be tough, even on Twitter, to get some career pros to speak with you.

Believe me, as fellow career pros on Twitter (@ITtechExec and @rezlady), we have not always been successful at getting other career pros to engage in conversation. Apparently, some are only there to give out information, not to interact in any meaningful way.

But that’s OK. Twitter can be an instrument that’s left up to the user to wield. If you just want to pontificate, go for it!

But for job seekers who are still wondering whom they can meet and not just follow, but actually speak with, we decided to put together a top 5 list of some of the most engaging Twitter pros we’ve come across:

1. @imjustagoyle: Cofounder of JobShouts.com along with @Tall_Geek, this career pro offers resume advice, job leads, and other advice, not to mention a valuable job board that actually posts real job postings!

2. @eExecutives: Meet Harry Urschel, a recruiter. Harry has his own blog called The Wise Job Search and is very approachable.

3. @juliaerickson: Julia is a career coach in NJ. She is also a member of the @careerealism team, which helps answer job seeker questions.

4. @ATLrecruiter: Stephanie is a talent acquisition consultant who writes for Examiner.com and offers lots of great tips.

5. @careersherpa: Hannah is an approachable guide tweeting all kinds of helpful job search strategy advice.

If you know of others, please feel free to comment on them here. If I agree, I will add them to my next list.

So was this post helpful? If so, please tweet it out (and then engage!).

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

« Previous Entries

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

%d bloggers like this: