Now is the time to build your career
The job market is hot right now, which makes it a great time to build your career. Employers struggle to find and hire great talent, and as a result, they offer increasing wages, benefits and opportunities. You can take advantage of the tight labor market to advance in your work and embark on the path to your best professional success.
A new report from ManpowerGroup polling 45,000 employers in 43 countries found that organizations are hiring. And in 15 countries, their hiring plans are the highest ever since the survey began in 1962. Additionally, a Monster report found that 82% of U.S. employers plan to hire in 2021.
The ManpowerGroup report found that globally, the strongest hires are forecast for the United States, India and Canada, and that in North America, they will be the largest in the United States. (up 48%), Canada (up 40%) and Mexico (up 39%). In addition to these most hired areas, the following countries also expect an increase in hiring: Austria, Belgium, Finland, France, Germany, Ireland, Italy, Netherlands, Norway, Spain, Sweden and United Kingdom. The countries with 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 that the industries with the greatest difficulty hiring are manufacturing as well as finance / insurance / real estate / business services. The Monster report found that the strongest job growth will be in transportation and warehousing, technology, healthcare, professional services and construction. “This recovery is unlike any we’ve seen before, with hiring intentions increasing much faster than after previous economic downturns,” said Jonas Prising, CEO of ManpowerGroup.
Career involvement: Companies and countries are looking for great talent. Consider focusing your research on countries, markets, and industries where there is the greatest demand for talent. Maybe now is the time to step out of your current country or industry and expand in new ways and in new places.
According to Monster data, 86% of workers say their careers have stalled due to the pandemic. And a survey of 500 millennials and millennials by Elements Global Services found that 78% of respondents said the pandemic left them wondering what they wanted to do for their jobs and their lives. career. Plus, people are looking for new opportunities and Monster job searches prove it – they grew 18% in June and a further 18% in July.
Career involvement: Now is a great time to come together and re-evaluate your career goals, your organization, your culture, and even your colleagues. You’ll be in good company as you think about what you enjoy doing, what job gives you the most fulfillment, and who you want to work with. According to Ruth Harper ManpowerGroup, Director of Communications and Sustainability, “Around the world we are seeing talent shortages at their highest and growing, including here in the United States. These record hiring intentions as we emerge from the pandemic mean that this is truly a labor market right now. ”
Work is a fundamental way for us to find meaning, to express our talents and to contribute to our communities. No job or career is perfect. love do with what you have to do. And now it’s time to reset and reimagine your career growth.
The need for skills on the part of employers is important. According to the ManpowerGroup study, 69% of employers said they had difficulty filling positions due to the lack of skills of applicants. And that was a 15-year high data. As a result, 20% of employers are reducing their skills and experience requirements, and 41% of employers offer training, skills development and mentoring as a way to attract and retain employees. Claire Barnes, Director of Human Capital, Monster, offers a perspective on skills development: “Being able to develop and retrain the talents you already have demonstrates career progression. It also shows that if you are a successful artist, you have potential in the organization. “
From an employee perspective, the Monster study found that 29% of employees say they quit because they feel they don’t have adequate growth opportunities, and 45% of workers say they do. would be more likely to stay with their employer if they were offered job training. Specifically, workers want to further develop their technological skills such as coding, machine learning, word processing (eg Word, Google Docs), analysis (eg Excel) and updating professional accreditations. and licenses. For those looking for a new job, 54% say they do not have the skills to plan for the future.
Career involvement: Now is the time for you to think about what skills you want to acquire and how you can expand into a new role, job, or career. You may be able to enter a field that is new to you and get training from your employer. Or you may be able to enter a business by leveraging your existing skills and grow within the organization through skill development, learning and mentoring.
Scott Blumsack, Senior Vice President for Research and Ideas, Monster, offers this perspective: “Returning to work represents a great opportunity for job seekers to leverage their skills for career advancement. Technical skills are always in demand in all industries, but so are more general skills such as customer service and collaboration. “
With the job market tight, the ManpowerGroup study found that 31% of employers offer pay raises and 23% offer incentives such as signing bonuses. It is also what employees want. According to Monster data, 77% of job applicants define ‘career growth’ as a pay rise, and the Elements study of several hundred career-related Google searches found that one of the top searches was “high paying jobs”. Indeed, the search for more profitable jobs increased by 120% between February 2020 and July 2021.
Career involvement: Your salary could go up. Look for high paying jobs and don’t be surprised if the pay scale for your job or career has increased. In some cases, key skills or credentials are particularly scarce, so the pay ranges for these roles have increased significantly. Do your homework to find out what you are worth.
Popular wisdom suggests that you shouldn’t change companies for less than a 20-30% increase. Also, think about today’s compensation, but also tomorrow’s revenue growth. When evaluating a new job, ask employers what the signing bonuses are, salary progression, and what you can expect in terms of regular pay increases.
One word of caution: don’t take salary as your only criteria for a new job. The income can be exhilarating, but you should also consider your suitability for the culture, the job content, the leaders you will be working with and the colleagues you will have the opportunity to learn with. There are many factors that contribute to your happiness at work. Remember that wages are only one of them.
Remote work and flexible work
One of the most recent considerations for your career choices is where you will be working and what hours you will be working. Increasingly, employers are providing flexibility in these areas to attract and retain in this tight job market. ManpowerGroup found that 39% of employers offer more flexible working hours and 28% offer more flexible workplaces. A study by Atlas of 420 decision-makers found that 95% of companies believed that part of their workforce would work remotely, full-time or part-time. Additionally, companies predicted that one third of their workforce would work entirely remotely and ¼ would work in a hybrid model.
Remote and hybrid working arrangements are increasingly in demand from employees. The Elements study found that searches for “jobs performed remotely” increased 114% between February 202 and July 2021. And the Monster study found that 69% of employees who do not work remotely today They are considering changing jobs if a new job would offer the possibility of working remotely.
According to Scott Gutz, CEO of 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 versus a home office. And according to Harper, “It is clear that people have been changed by the pandemic and have higher expectations of their employer to align with their values, enable a work-life mix and positively contribute to our communities. . ”
Career involvement: You will likely have more and more opportunities to find your way around your area. Think about how and where you like to work, and look for choices and options with your employer. You may be able to move to a new area or community and do work that would not have been available before. Or you may be able to tailor your schedule to strike the right balance between the rewards for your work and the rewards for activities outside of work (kids, family, volunteering, etc.).
See flexible working as one aspect of the overall benefits of your career choice. Additionally, consider how much you will want to be face-to-face with colleagues to build your relationships and be present in the organization to ensure visibility and future growth in your career.
Now is the time to develop your career in the way that is most meaningful to you. Whether it’s more growth and flexibility, higher pay and improved training, the opportunities are great. The “fresh air effect” suggests that something new may seem ideal, and the grass may appear greener in the next role. But consider everything you love and have invested in your current success before you take the plunge. Chances are there are plenty of new alternatives to choose from, and it might be time for a stretch, a fresh start, or a new adventure in your career path, in your current organization or in a new one.