With new changes in administration and regulations, the job market has been phenomenal in 2017, and it doesn’t look like it’s slowing down. If you have been contemplating making a move, now is a perfect time. And if you’re the type of person who needs it spelled out for you in order to properly weigh the pros and cons… let’s break it down:
1. There are more jobs than qualified people.
We are in the midst of one of the best candidate-driven markets in our time. Companies are only getting a handful of qualified candidates applying to their open positions, so they have to work twice as hard to get the best talent through their doors. If you are highly skilled and even passively looking for a new position, you are highly valued in the market.
2. There’s less competition.
In the age of extravagant perks and employee retention, companies are doing everything in their power to avoid losing staff to the competition. So as companies do more to ensure their employee’s happiness, fewer people are on the job market.
3. You can take advantage of these new employee engagement initiatives
When companies are more desperate to capture top talent, they offer better work-life balance, higher pay, and more comprehensive benefits to try to stay competitive. We are constantly seeing and hearing things from hiring managers that they are willing to make pretty big concessions to get the right talent.
4. Companies are focusing on fewer “must-haves.” Gone are the days of mile-long must-have lists on job descriptions. Instead, employers are narrowing their focus on a handful of deal-breaker requirements and incorporating a little bit of flexibility on the rest. It is important to note, however, that you must be an SME (Subject Matter Expert) in the “must-haves” or they will continue to look.
As a recruiter, it’s fascinating to watch this unfold from a front-row point of view. I believe we are poised to continue the candidate-driven market for the remainder of the year and into 2018 as well, barring any major catastrophes. So, if you have been contemplating what a career move should look like, you should take a recruiter’s call next time and talk with them about what is happening in the market. You might be surprised at what you learn!