Omicron may be closing businesses, schools, sporting events and concerts, but the job market is still strong. As of December, US government data shows that more than 11 million jobs are available. There is a trend towards the big resignation in which millions of Americans are quitting their jobs in record numbers. The stage is set for a long time to find a new job.
January is one of the best times of the year to look for a great new job. The start of a new year universally ushers in a warm feeling of promise and new beginnings. Mentally and emotionally, it’s good to start looking for a new opportunity. The action fits perfectly into a person’s New Year’s resolutions. People promise to lose weight, quit smoking, drink, go to the gym, quit complaining about boring coworkers and the boss micromanaging, and get a better job.
Traditionally, from Thanksgiving Day to New Years’ time, hiring slows down as people focus on other priorities. While we’ve been careful around the holiday season, most of us have carefully taken vacations, held family reunions, dined out, and met friends.
During the holiday season, the workload was lighter as it is the rush hour to take vacations and personal days off. There is a collective feeling that it is customary to do some sort of coasting during the last weeks of November until shortly after New Year’s Day. Since there is a slowdown, bosses have not felt the pressure to interview and hire.
The second or third week of January, things return to normal. While it didn’t matter during the holidays, with the approach of mid-January, work resumes and the absence of a key employee is felt by everyone. Supervisors are motivated to quickly find a replacement to ensure staff are fulfilling their responsibilities.
There will be a fear that if a replacement is not found for a departed employee, the remaining workers will feel aggrieved about being forced to take on the extra workload. In a tight labor market, especially one where it has become socially acceptable to quit on a moment’s notice, companies recognize they need to act quickly and hire, or else they risk seeing a dramatic increase in attrition. .
Be prepared, although January is a great time to find a new job, the first two weeks are usually slow. Waiting for final budget approvals for hiring, hiring recruiters to find suitable candidates, preparing and posting job postings online takes time, especially as people extend their vacations until the end of the day. ‘in January. Year-end reviews, raises, bonuses and promotions linger until January. Based on the results, many employees may decide to change jobs if they feel neglected and underpaid.
Sectors such as Wall Street pay a significant portion of compensation in the form of bonuses. Banks may delay payment of bonuses until around March. It is a cold strategic decision to prevent an investment banker, broker or trader from leaving, as they will lose their bonus if they quit before it is paid. Potential job seekers delay their job search plans for fear of being discovered and jeopardizing their end-of-year bonus. Even if an offer is made, often the business may not be inclined to redeem a bonus, stocks and other rewards.
The wheels turn slowly. HR and hiring managers log into their application tracking systems to view resumes that were previously returned in early December and late November. Newcomers to the workforce send resumes and contact recruiters. New positions are placed on LinkedIn, Indeed and other job sites. As time goes on, job seekers and recruiters get back on track. After weeks of relaxation, they gradually come to terms with the new reality.
Some bosses need to move quickly. There are usually vacancies that have not been filled for months and the direct hiring manager is now motivated to hire. The post may have been posted in November, a few people were interviewed, and then he got lost in the vacation malaise.
To get a head start on the competition, start right away. Update your CV and LinkedIn profile, contact recruiters, visit job sites, prepare and practice your pitch and network. In a few weeks and months there will be a lot more people to contend with in the interview process. This also applies to recruiters. Complete the job description, call recruiters, and start interviews before your competition kicks in and steals the best candidates from you.
In many states, there are laws that prohibit asking a candidate how much they earn. In these places, you do not have to disclose your compensation. For companies based in the United States where they are allowed to ask how much you earn, tell them about any year-end increases or other benefits that you plan or will lose if you leave. Otherwise, if you don’t, their bid may be equal to or less than what you are currently earning, and that will be a waste of everyone’s time.
An important part of the job search that gets overlooked is your state of mind. One of the biggest challenges for job seekers is that they are carrying luggage; angry at what is going on in their current business and frustrated at being treated so poorly.
Although this is a dynamic job market, managers have been spoiled by years of being able to be highly selective and critical of applicants. They still haven’t gotten to the new environment of the war for talent. There is a glaring gap between reality and what managers perceive the job market to be.
Therefore, the new hiring trend is not very favorable to job seekers. Resumes are ignored, phone calls, emails and texts go unanswered. After many interviews, you may be a ghost and never receive a response. Robotic software may ignore your resume because it doesn’t contain the exact words and phrases AI technology is programmed to find.
When people feel resentment and bitterness towards their current job, interviewers feel hostile. Intellectually, they understand that you are in a toxic environment. However, the hiring manager and others involved in the interview process don’t want to inherit potential issues. They may think it’s you and not the fault of your manager and coworkers. Hiring staff will politely forward your application and move on to other candidates.
You want to develop a positive attitude and a state of mind that radiates confidence. Put all the bad feelings and animosities behind you. Do not carry it as a weight on your shoulders. Start your research with a new, clean slate. The goal is to exude positivity, confidence, dynamism, enthusiasm and motivation.
Although it may be slow at first, the market accelerates over time. There will be challenges, but keep in mind that you are in control of your own destiny. If you put the time, effort and energy into it, you will be successful and find a new job in 2022.