5 Things to Expect From the Job Market

As Ashley Stahl recently commented in Forbes magazine, here are five things you can expect from the job market in the coming months/years.

  1. This market this year will be in favor of the job seeker. As the economy gradually improves in the aftermath of the 2009 recession, the job market is shifting in a way that benefits employees. The unemployment rate is slowly dropping, and the pool of job seekers is shrinking, so employers are having a hard time finding the right candidates. This means that candidates who are good fits for open positions have more leverage than they’ve had in years, and they should use that to their advantage when negotiating a new position.
     
  2. It pays to switch jobs in 2017. According to one tracking tool, the pay increase for individuals who switch jobs is the highest it’s been in eight years, so it might make sense to consider a job change this year. If you do decide to take the plunge, make sure you brush up on your negotiating skills before you start interviewing to increase your chances of getting that big pay hike.
  3. You should ask for a raise this year. Pay for employees who stay in their current jobs is expected to rise only 3% this year, but if you’re a solid employee, you have a good chance of getting more than that. So if you’re not ready to leave your current job but you want a more substantial pay boost, ask for it. Brag about your major accomplishments over the past year and remind your employer of all that you bring to the table. Especially since it’s expected to be a job seeker’s market in 2017, your employer will likely be receptive if they want to keep you around.
  4. Certain occupations can expect substantially more growth than others. According to the Bureau of Labor Statistics, the occupations with the highest projected growth in the coming years are personal care aides, registered nurses, home health aides, food service employees, and retail workers. There is also a labor shortage for computer programmers, correctional officers, occupational therapists, registered nurses, and HR managers. So if you’re looking to change careers and job security is what you’re after, look into these sought-after jobs first.
  5. The gig economy is here to stay. Freelancing and contracting has been on the rise in recent years. The benefits of making your own schedule and working as much or as little as you want has had tremendous appeal for many employees. And the platforms that drive the gig economy, like Uber and UberEats, Lyft, Grubhub, and AirBnB, are only getting more popular. While there is debate about whether the gig economy will plateau or continue to grow, one thing is for sure: freelancers and contractors aren’t going anywhere anytime soon.

What do they all have in common?

To truly take advantage of these opportunities, you need/must have your Personal Marketability Concept fully developed and embedded in your psyche.

Don’t go to bat without knowing what you are selling… you risk a major disappointment.

Whether it’s finding a job, changing jobs, seeking a raise, changing sectors, or selling your skills in the gig economy, you need your story — coherent, documented, and true — fully ingrained in pitch, whether it is verbal or written, online or on paper.

Download, absolutely FREE (for a limited time only), your copy of my Winning Your Next Job system.

 

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