Does Getting a Job Feel Impossible?
By Jeff Altman, The Big Game Hunter
As of June 2024, the unemployment rate has ticked up slightly. Despite this, the past few years have seen historic lows in unemployment, with two open jobs for every unemployed American. So, why does it feel so challenging to secure a new position? The answer lies in several complex factors that shape our current economic landscape.
Ghost Jobs: A Frustrating Reality
One significant issue contributing to the difficulties in job searching is the prevalence of “ghost jobs.” These are positions that companies post without any real intention of filling them. According to a survey by Clarify Capital, 68% of managers have had job postings active for over 30 days, with some lasting over six months.
So, why do companies engage in this practice? Here are a few reasons:
- Public Image: Posting jobs gives the impression of a thriving company, suggesting growth and success.
- Employee Morale: By advertising open positions, companies can boost the morale of overworked employees, creating a false sense of hope that help is on the way.
- Market Intelligence: Some companies use job postings to gather intel from potential candidates about competitor practices and market conditions.
To avoid falling victim to ghost jobs, consider these strategies:
- **Limit Job Board Searches:** Focus on networking and word-of-mouth opportunities rather than relying solely on job boards, which are often saturated with ghost listings.
- **Check Posting Dates:** Be wary of job postings that have been open for an extended period.
- **Reach Out Directly:** If you find a job listing appealing, contact the recruiter to confirm if the position is actively being filled.
The Great Reshuffle: Changes in Employment Patterns
During the pandemic, the labor market underwent a seismic shift, leading to what became known as the Great Resignation. Many individuals reevaluated their careers, leading to record numbers of employees leaving their jobs. For instance, in spring 2022, about 4.5 million workers quit each month.
This shift transitioned into the Great Reshuffle, as employees moved from one industry to another, often creating oversaturation in some sectors, particularly tech. While certain industries, like healthcare and education, continue to struggle with staffing, others, especially tech, are seeing an influx of applicants.
The result? Even in a market with plenty of job openings, competition can be fierce, particularly for roles that attract a large pool of qualified candidates.
The White Collar Recession: A New Concern
Another emerging challenge is the so-called “white collar recession.” Reports indicate that over 8 million white-collar jobs in the U.S. are at risk due to economic pressures and the rise of automation. Many companies are focusing on cost-cutting measures, often leading to layoffs, particularly in middle management and recruiting roles.
It’s crucial to understand that while some sectors are experiencing layoffs, others remain stable. For example, while professional and business services added only 7,000 jobs last month, the previous year saw substantial growth in this sector.
The rise of AI is also contributing to these concerns, with companies increasingly looking to integrate technology into their operations. Therefore, having AI skills on your resume can set you apart in this competitive environment.
The Broken Recruiting Process
The recruitment process itself is another significant hurdle. In the past, applying for jobs was straightforward—submit your resume directly to a hiring manager. Today, job applications are often filtered through Applicant Tracking Systems (ATS), which can misinterpret or overlook qualified candidates.
These systems are designed to streamline hiring but can lead to talented individuals being automatically rejected due to minor discrepancies in their resumes or applications. Furthermore, the influx of applicants has made it challenging for hiring teams to manage and evaluate candidates effectively.
To improve your chances in this broken system, consider these tips:
- Customize Your Resume: Tailor your resume and cover letter for each job application, using keywords from the job description to increase the likelihood of passing through ATS filters.
- Network Directly: Strive to connect directly with hiring managers or department heads rather than relying solely on online applications.
- Stay Informed: Keep abreast of industry trends and shifts to better position yourself in a changing job market.
Strategies for Success
Despite these challenges, there are actionable steps you can take to enhance your job search:
- Network Effectively: Networking remains one of the most effective ways to find job opportunities. Reach out to industry contacts and attend networking events.
- Enhance Your Skills: Invest in upskilling or reskilling to remain competitive. Consider learning AI-related skills, as they are increasingly in demand across various sectors.
- Be Persistent: The job market may be tough, but persistence pays off. Continue applying and adapting your approach based on feedback and experiences.
Final Thoughts
In summary, while the job market presents numerous challenges, understanding the factors at play can empower you to navigate your search more effectively. By adapting your strategies, networking, and enhancing your skills, you can increase your chances of finding a fulfilling job in this ever-evolving landscape. Remember, the job market has seen worse days, and maintaining a positive perspective can make all the difference.
Ⓒ The Big Game Hunter, Inc., Asheville, NC 2024
ABOUT JEFF ALTMAN, THE BIG GAME HUNTER
People hire Jeff Altman, The Big Game Hunter to provide No BS Career Advice globally because he makes many things in peoples’ careers easier. Those things can
involve job search, hiring more effectively, managing and leading better, career transition, and advice about resolving workplace issues.
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