Have you been considering a career move based on the strong job market?
At Transition Solutions, we’ve been helping our clients navigate workforce changes for over 30 years. The job market is strong right now, making this a great time to make a career move that could build your career. Many employers are offering increased pay and perks as they struggle to find qualified employees.
If you are considering making a career move, you are not alone. Per Monster’s Fall 2021 Hiring Outlook report, 95% of employed people are considering changing their jobs, while 92% say they are willing to change industries to find a new job.
In early September, the Federal Reserve Bank of New York’s Center for Microeconomic Data reported broad-based improvement in expectations in job transitions and wages based on the July 2021 SCE Labor Market Survey, which showed a decline in employee transitions into unemployment and an increase in employer-to-employer transitions, compared to a year ago. Also, the average expected likelihood of receiving an offer in the next four months and the average expected wage offer (conditional on receiving one) increased. The average reservation wage—the lowest wage at which respondents would be willing to accept a new job—increased year-over-year.
Despite the uncertainty caused this past summer due to the pandemic and new variants, ManPower Group reported last week that employers in many markets are reporting the strongest hiring outlooks since before the pandemic with record high hiring by employers in 15 countries, including the United States.
Therefore, with a strong job market, now is a great time to re-assess your career goals and consider making a move to meet those goals.
Define you as the Product. We often advise our clients that in a job search, you become the product. As you determine your next best career move it’s important to first conduct a personal inventory of your skills, interests, and accomplishments. Questions to consider are:
- What are your values?
- What are your skills?
- What are your liabilities?
- What are your interests?
- What are your accomplishments?
- In what work environment do you do your best work?
- What kind of people do you want to work with?
- What kind of organizational goals are important to you?
- What management style do you work best with?
- What industry interests you and/or is hiring right now?
- What are your financial goals?
- How important is flexibility in work location?
Often the most fulfilling jobs crossover between our interests, skills and talents. For example, if you love animals and have marketing experience, finding a marketing role at a company that offers products or services to animals could be a dream job.
Create a Marketing Strategy. Once you know where you want to go, you should plan, organize and implement a marketing campaign that will help you find, interview and get the job. If you are changing careers, you may investigate jobs and industries to determine the fit between what you offer and what is required. As you develop your marketing strategy consider the following:
- What is your daily, weekly, monthly action plan?
- How do you organize your search to maximize opportunities?
- Where should you focus your energies and efforts?
- How do you go about implementing it?
- How do you present yourself in writing?
- How do you present yourself in an interview?
- Do I need additional skills to be successful in a new role?
Many employers are increasing pay and benefits to attract the best talent in this tight labor market. Therefore, you will likely have increasing opportunities to build your career and work your way in your location.
At Transition Solutions, we have been helping companies and individuals with workforce changes for thirty years. Our strong reputation for consistently delivering exceptional service at value sets us apart. If you would like more information on our services please check out our website at https://www.transitionsolutions.com/ or you can contact us directly at 888-424-0003 or email us at info@transitionsolutions.com.