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#JobSearch : The Job Market Is Hot -Now Is The Time To Build Your Career. Note: Or Better Get a New One! GReat REad!

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The job market is hot right now, making this a perfect time to build your career. Employers are struggling to find and hire great talent—and as a result they are offering increasing pay, perks and opportunities. You can take advantage of the tight job market to grow in your job and get on a path to your best professional success.

Opportunities Abound  

A new report from ManpowerGroup surveying 45,000 employers across 43 countries found organizations are hiring. And in 15 countries, their hiring plans are the highest-ever—since the survey began in 1962. In addition, a report from Monster found 82% of US employers are planning to hire in 2021.

ManpowerGroup’s report found that globally, the strongest hiring is projected for the US, India and Canada and in North America it will be greatest in the US (up 48%), Canada (up 40%) and Mexico (up 39%). In addition to these top-hiring areas, the following countries also expect increased hiring: Austria, Belgium, Finland, France, Germany, Ireland, Italy, The Netherlands, Norway, Spain, Sweden and the UK. The countries experiencing the greatest difficulties in finding the right talent are India, Romania, Singapore, Bulgaria, France, Japan, Belgium, Germany, South Africa, Italy, Spain.

The ManpowerGroup report found the industries experiencing the greatest difficulties in hiring are manufacturing as well as finance/insurance/real estate/business services. The Monster report found the greatest job growth will be in the areas of transportation and warehousing, technology, healthcare, professional services and construction. “This recovery is unlike any we have seen before with hiring intent picking up much faster than after the previous economic downturns,” says Jonas Prising, ManpowerGroup chairman and CEO.

Career Implication: Companies and countries are looking for great talent. Consider focusing your search on the countries, markets and industries in which there is the greatest demand for talent. Now may be the time to strike out beyond your current country or industry—and grow in new ways and new places.

 

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What Skill Sets Do You have to be ‘Sharpened’ ?

Did you know?  First Sun Consulting, LLc (FSC) is celebrating over 30 years in the delivery of corporate & individual outplacement services & programs to over 1200 of our corporate clients in the U.S., Canada, UK, & Mexico!  

We here at FSC want to thank each of corporate partners in the opportunity in serving & moving each of their transitioning employee(s) rapidly toward employment !

Article continued …

Fulfillment

According to data from Monster, 86% of workers say their careers have stalled due to the pandemic. And a survey of 500 Millennial and Gen Z workers by Elements Global Services found 78% of respondents said the pandemic made them question what they want to do for their job and career. In addition, people are looking for new opportunities and Monster job searches prove the point: They were up 18% in June and another 18% in July.

Career Implication: Now is a great time to regroup and re-assess your career goals, your organization, your culture and even your co-workers. You’ll be in good company as you consider what you love to do, what work provides the greatest fulfillment and the people with whom you want to work. According to Ruth Harper ManpowerGroup chief communications and sustainability officer, “Across the world we’re seeing talent shortages at their highest and rising including here in the US. These record-high hiring intentions as we emerge from the pandemic mean it really is a workers’ market right now.”

Work is a fundamental way we find meaning, express our talents and contribute to our communities. No job or career is perfect—there will be things you love about it and things that aren’t ideal, but you’ll experience greater happiness when you can align—as much as possible—what you love to do with what you have to do. And now is the time to reset and reimagine your career growth.

Skill Development

The need for skills on the part of employers is significant. According to the ManpowerGroup study, 69% of employers said they are having trouble filling roles because of a lack of candidate skills. And this was a 15-year high the data. As a result, 20% of employers are reducing their requirements for skills and experience, and 41% of employers are offering training, skill development and mentoring as a way to attract and retain employees. Claire Barnes, chief human capital officer, Monster, offers perspective on skill development, “Being able to upskill and retrain talent that you already have demonstrates career progression. It also demonstrates that if you are a strong performer, you have potential in the organization.”

From the employee point of view, the Monster study found 29% of employees say they are quitting their jobs because they don’t feel they have adequate growth opportunities, and 45% of workers said they would be more likely to stay with their employer if they were offered skills training. Specifically, workers want more development in technological skills like coding, machine learning, word processing (ex. Word, Google Docs), analysis (ex. Excel) and updating of professional credentialling and licensing. For those seeking new work, 54% say they don’t feel they have the skills they need to take them into the future.

Career Implication: Now is the time for you to consider the skills you want to build and the ways you can stretch to a new role, new job or new career. You may be able to enter a new-to-you field and obtain training from your employer. Or you may be able to enter a company leveraging your existing skills and expand within the organization through skill development, learning and mentoring.

Scott Blumsack, senior vice president for research and insights, Monster, offers this perspective, “The return to work poses a great opportunity for job seekers to leverage their skills for career advancement. Tech skills are always in demand across industries, but so are softer skills such as customer service and collaboration.”

Salary Increases

With the tight job market, ManpowerGroup’s study revealed 31% of employers are offering increased wages and 23% are offering incentives such as signing bonuses. This is consistent with what employees want as well. According to the Monster data, 77% of job candidates define “career growth” as salary increases and the Elements study of several hundred career-related Google searches found one of the top searches was “jobs that pay well”. In fact, searches for jobs offering higher pay are up 120% between February 2020 and July 2021.

Career Implication: Your pay could be on the increase. Look for jobs that pay well and don’t be surprised if the pay range for your job or career has increased. In some cases, key skills or credentials are especially scarce, so pay ranges for those roles have increased substantially. Do your homework so you know what you’re worth.

Popular wisdom suggests you shouldn’t change companies for less than a 20%-30% increase. In addition, consider today’s pay, but also tomorrow’s income growth. When you’re assessing a new job, ask employers about signing bonuses, pay progression and what you can expect in terms of regular pay increases.

A caveat: Don’t consider wages as your only criterion for a new job. Income can be intoxicating, but you should also consider your fit with the culture, the content of the job, the leaders with whom you’ll work and the colleagues from whom you’ll have the opportunity to learn. There are a lot of factors which contribute to your happiness at work—remember wages are only one of them.

Remote Work and Flexible Work

One of the newest considerations for your career choices is where you’ll work and the hours you’ll work. Increasingly, employers are offering flexibility in these areas to attract and retain in this tight job market. ManpowerGroup found 39% of employers are offering more flexible working schedules and 28% are offering more flexible working locations. A study of 420 decision makers by Atlas found 95% of companies believed some portion of their workforce would work remotely, either full time or part time. In addition, companies predicted 1/3 of their workforce would work fully remote and ¼ would work in a hybrid model.

Remote and hybrid working arrangements are increasingly what employees are demanding. The Elements study found the searches for “jobs that are done remotely” was up 114% between February 202 and July 2021. And the study from Monster found 69% of employees who don’t work remote today are considering switching jobs if a new job would offer the opportunity for remote work.

Says Scott Gutz, chief executive officer, Monster, “…the world has changed in 18 months. Employees have changed their approach to work-life balance and the relative importance of being in an office setting versus a home office setting.” And according to Harper, “It’s clear that people have been changed by the pandemic and have higher expectations of their employer to align with their values, enable work-life blend and positively contribute to our communities.”

Career Implication: You will likely have increasing opportunities to work your way in your location. Consider how and where you like to work, and seek choices and options from your employer. You may be able to move to a new region or community and do a job which would previously have been unavailable. Or you may be able to flex your schedule so you can find the just-right mix of the rewards of your work and rewards of activities outside of work (children, family, volunteering, etc.).

Consider flexible work as one aspect of the set of advantages your career choice offers. In addition, give thought to how much you’ll want to be face-to-face with colleagues to build your relationships and present in the organization to ensure visibility and future career growth.

In Sum

Now is the time to grow your career—in whatever way it is most meaningful for you. From more fulfillment and flexibility to greater pay and enhanced training, the opportunities are significant. The “fresh air effect” suggests that something new may seem ideal—and the grass may seem greener in the next role. But consider all you love and have invested in your current success before you make a jump. Chances are you’ll have plenty of new alternatives to choose from, and this may be the moment for a stretch, a new beginning or a new adventure in your career journey—in your current organization or in a new one.

Forbes.com | September 19, 2021 | Tracy Brower

A Must REad :Dire Predictions For The Job Market In 2020. Artificial Intelligence, Robotics and Technology will Slowly and Steadily Displace Millions of Workers.

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Just because you turn the page on the calendar, it doesn’t mean that things will be radically different. History shows that most major events unfold slowly and then happen all of a sudden.

Avoid jobs that could easily be taught to someone else who the company could pay a lower salary to or easily relocated to another country. 

The start of 2020 will continue the current trends that we are witnessing right now. This includes the slow and steady ascension of sophisticated technology, global connectivity, an aging population in the workforce and a confluence of other factors that will enhance existing trends and bring about big, new changes.

Artificial intelligence, robotics and technology will slowly and steadily displace millions of workers. It will happen industry by industry and you won’t even know what’s happening until it comes for your job. The so-called professionals promise that AI and related technology would only replace repetitive tasks for workers on the lower end of the job market and free people up for more meaningful work.

To remain relevant and employed, you need specialized skills that are not easy to learn or replicate.

What we are actually seeing is that AI is being aggressively deployed by investment banks, law and accounting firms, hospitals and major corporations to displace white-collar professionals. This is just the beginning stages of this dire trend. If your job can be replaced by AI, it will. You will then be forced into scrambling for a new career.

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What Skill Sets do You have to be ‘Sharpened’ ?

Continue of article:

Today In: Leadership

People at all ends of the social and economic spectrum will be impacted. Doctors won’t be spared, as cutting-edge robotics will do some jobs more precise than they can. An older doctor with shaky hands and less-than-perfect eyesight will easily be replaced by a robot who doesn’t take off Wednesday to golf. Robots using AI can scan x-rays better than the naked human eye to detect issues, such as hard-to-find cancer cells.

Blue-collar factory workers, truck and cab drivers, fast-food cashiers and retail sales associates will be replaced by robotics and technology. Autonomous vehicles, kiosks in fast-food restaurants and self-help scans at stores will decimate minimum-wage and low-skilled jobs.

To succeed in the near future, it would be helpful to have a background in science, technology, engineering, mathematics and coding.

People live much longer than they used to, due to advancements in medicine and an increased focus on nutrition, exercise and diets. This trend will benefit those who tend to senior citizens and the elderly in a variety of capacities. Financial advisors, hospice workers, assisted living home personnel, physical therapists and people who are involved with surgical enhancements will thrive.

As people live well into their 90s and longer, they will delay retirement and work into their late 70s to ensure that they have sufficient funds to support themselves. Many older people will work just to have healthcare benefits. When Social Security was first enacted, the average lifespan in the U.S. was roughly in the mid 60s. A person would retire, collect a small pension and supplement it with Social Security. Today, very few—if any—corporations offer pension plans. It will be a burden on the younger generation to support the Social Security and healthcare benefits for the aging population.

The challenge in 2020 is that after 10 years of uninterrupted growth, history dictates that there is always a regression to the mean.

This will put stress on younger people to pay for the older population through higher taxes. They’ll also have to foot the bill for the Baby Boomers and older generations, as it relates to higher insurance costs. Since the older generation won’t leave the workforce voluntarily (especially since they need the benefits), there will be less chances for the younger employees to advance up the corporate ladder, as all of the good seats will already be taken. Also, there is a growing movement to discriminate against workers 40 years and older, who are earning a decent salary. They are—and will continue to be—replaced by younger, less-expensive people in the U.S. and other countries.

The trend has been for companies to relocate jobs to the cheapest locations. It starts with moving from a costly city, like New York, to a lower-cost state. Then, the jobs go to other countries, such as India, and will be ultimately moved around to where the corporations could find the cheapest labor that can’t yet be done by computers. The migration will keep shuffling people to the lowest-cost places around the world.

As the gig economy becomes mainstream, corporations will realize that there is little need to maintain expensive corporate offices, pay benefits and bear the burden of full-time permanent employees. Instead, companies can offer project work for people when they are needed. These contractors can work from home, won’t receive benefits and will save money for the corporations.

It will become tougher to get raises and promotions if you hold a job that is easily replaceable. When a job can be moved from New York City to lower-cost cities in the U.S. and other countries, there is little incentive for companies to pay you a higher salary. It’s more cost-effective for them to relocate your job and show you the door. Due to globalization, jobs will be moved around the world like chess pieces. If you are a pawn in this game, you’re in trouble.

To remain relevant and employed, you need specialized skills that are not easy to learn or replicate.

As we pollute the earth, there will be a great need for people with the skills to clean up the environment. There will be a growing need for skilled scientists and engineers to design ways to colonize other planets and build the means to get there and construct a habitable community.

We’re experiencing an unprecedented 10-year run where the job market has kept getting stronger. We are currently at full employment. This is an economic term where 5% unemployment is considered full employment, as statistically there will always be a certain amount of people in between jobs. This is not due to a systemic problem, but rather based on individual circumstances. Since the unemployment rate is only at about 3.6%, it’s an historically great time for job seekers.

The challenge in 2020 is that after 10 years of uninterrupted growth, history dictates that there is always a regression to the mean. Growth doesn’t—and can’t always—go up forever without corrections (when the stock market drops 5% to 10%) along the way. There are usually corrections that bring back the economy and job market to lower levels. Usually the causes are not known at the time and come from left field. It seems reasonable that we are long overdue for one. When this happens, companies will layoff thousands of workers to cut costs and stay competitive. Many companies will try to get ahead of the curve and preemptively downsize workers. James Gorman, the CEO of top-tier investment bank Morgan Stanley, announced that he was letting go of about 1,500 employees due to concerns about the future of the economy.

If a Democrat, such as Elizabeth Warren or Bernie Sanders, wins the presidential election in 2020, the country will tilt toward socialism. Taxes will significantly increase to pay for the newly enacted entitlement programs, such as free healthcare, wiping out student debt (which is primarily backed by the U.S.), universal basic income (which offers people thousands of dollars of month without having to work) and numerous other benefits offered.

Companies will need to cut costs to pay the extra taxes and layoff people since they will not be as profitable. The government will become an even larger employer, as it will need millions of people to work in these new bureaucratic agencies to administer the new initiatives.

If Donald Trump wins, it will be hard for him to keep up the economic and job growth. There will be a reversion to the mean, as corrections are inevitable.

To succeed in the near future, it would be helpful to have a background in science, technology, engineering, mathematics and coding. If you don’t have these skills, try to find a job or profession that is hard to be replaced by technology. Avoid jobs that could easily be taught to someone else who the company could pay a lower salary to or easily relocated to another country.

 

Forbes.com | December 16, 2019 | Jack Kelly