Job Market After the Election

 After yesterday's election, we have some clarity on the next four years. Concerning the job market, many companies have been in holding pattern for several months, not hiring or spending money. I expect that the holding pattern is ending and that the job market will be strong through the week before XMAS, especially since hiring slowed to a crawl during the elections.

In short, do not wait until after the first week of January to ramp up. The next six weeks should be strong for hiring , esp. since job requisitions for CY2024 budgets need to be filled or lost for CY2025.

Pay Compression

 Most employees already suspect they aren’t paid a fair salary. Only 37% of employees believe they’re paid fairly by their employer and nearly half believe they could make more money right now simply by switching jobs, according to a new survey by Employ’s 2022 Job Seeker Nation Report.

Making more money by switching jobs is a consequence of pay compression. Employees have deemed more valuable by other companies, driving up new hire wages across the market. This is prevalent in the tech sector (and others).

Companies want you to leave, get experience at other tech firms and come back with a broader knowledge base. Oracle is a primary example. I have heard of a worker who is on her 5th stint with Oracle, each time earning substantially more $$$ that previously earned.

If you are looking to for a new job, you need to understand pay compression. Do not get caught up in the idea that it is a supply / demand issue. That is a small component.

If you have a question about pay compression, please send me an InMail.

My LI Profile - https://lnkd.in/gshNVy5

#allanbrown #followme #paycompression

Instagram - Skills:

 Instagram - Skills:

https://www.instagram.com/p/DBroHUJMVAU/

TikTok - Phone Interviews

 TikTok - Phone Interviews:

https://www.tiktok.com/@linkedingeniusallan/video/7270645579049585966.

SPECIAL NOTE: I am now taking on speaking engagements to groups as well as accepting invitations to critique resumes, cover letters and LinkedIn profiles at trade shows, workshops, seminars and various other events. Please contact me via ajbresumes@gmail.com or 415.519.9659 for more details.

+++++

Don't Apply For Old Jobs

When searching for your next role, narrow your filter on job boards to only include the last week in your results. This helps you to prioritize those listings that are fresh and not the ones that are outdated, have been around for months without seriously hiring, or were listed weeks ago but were already filled—and the recruiter forgot to take it down.

This makes even more sense when you consider the fact that according to ResumeBuilder, only 6% of companies keep ghost jobs active, on average, for less than one week. Most ghost jobs are active on platforms for a few weeks to months, with 28% of employers listing them for a couple of weeks, 31% for a month, and 19% for three months.

Source: Forbes.com

Resilience

 "Resilience comes from putting yourself our there again and again - it's the hardest but most reworking of work." Unknown

Job searches are tough. Rejection is hard and discouraging. However, keeping going and do not ever give up.

Artificial Intelligence (AI) generated resume

 Artificial Intelligence (AI) generated resumes = viewed as a negative by employers.

https://www.instagram.com/p/C_q17l_SFpC/

More Instagram: Job Titles

 More Instagram: Job Titles

https://www.instagram.com/p/DAwjmQzsxUu/

LinkedIn is Business Networking. not Social Media

Stop thinking of LI as social media. It is BUSINESS NETWORKING.



Creating a professional LinkedIn profile is an essential part of the job search process. It helps you stand out from other candidates and makes it easier for recruiters to find you. Share relevant details about your experiences, skills, and accomplishments when crafting your profile. Make sure that your profile accurately reflects your professional brand.

Hiring Manager - Social Media - Due Diligence

 Hiring Manager - Social Media - Due Diligence

Like it or not (I do not but I do not make the rules), recruiters do look at social media. One Harris Poll survey even found that 71% of hiring managers consider social media an effective screening tool. Take a close look at what the public can see on your social media platforms, like LinkedIn, Twitter, and Instagram.

Are your profiles an accurate representation of who you are? More importantly, is your content appropriate, or would a recruiter balk at your posts? Making your profiles private might help you limit potential employers from seeing anything you don’t want to share. 

Source: Betterup.com

Networking

 Network and expand connections: Build and leverage your professional network. Attend networking events, connect with industry professionals on platforms like LinkedIn, and engage in relevant conversations. Personal connections can often lead to valuable job leads and referrals.

NETWORK! NETWORK! NETWORK!