I often ask clients to give me 5-10 posts for the kind of jobs they will apply for. I use these lists to determine requirements, key words, and related information. Over the past few months, I’ve noticed something that I haven’t seen for a while. Employers are highlighting compensation and benefits.
Below is an example I copied from a job post a client gave me earlier this week:
“The starting salary starts at $65,000 based on your skills, education and experience, but our client has indicated they will pay more for candidates with exceptional background.
Full benefits include medical, dental, Rx, STD, LTD, life, AD&D, vision, a matching 401k plan, credit union, PTO, holidays, vacation, free parking, fitness center, great discount on all merchandise and more”
What does this mean? It probably means that employers are finding it harder to get good employees, which also means that they’re more likely to offer bigger raises to retain employees they have and want to keep. If you’re unhappy at your current job or if it’s been a while since your last raise, this might be a good time to update your resume and start a new job search.
Clients will sometimes ask if there is a good time to look for work or a bad time to be conducting a job search. My answer is that someone who is unemployed or wants a better job should never stop looking. That said, there are hiring cycles when jobs are more available.
Generally speaking, hiring rises in mid-January through early summer tails off a little until Labor Day picks up strong through Thanksgiving and slows down a lot through the New Year. That’s a general model of hiring. What does it mean for the individual job seeker? It means you should work hard on your job search between now and Thanksgiving, but you should not stop looking on Black Friday. I’ve had clients hired to new jobs on the weeks of Christmas and New Year’s Day.
A good job search never ends until the job seeker gets an offer. Understand the hiring cycle and expect to see fewer ads posted during slow periods. Still, some company will always be hiring because an employee moves, retires, gets sick, or dies. Companies expand and need new workers now – whenever now is.
Be realistic in your job search, but you also need to be equally persistent and resilient. Stopping your search for any reason kills momentum, and then it is very hard to get started again. Keep looking even when the market dips around the holidays. Look hard now. This is the time to be really busy.