Current job market insights and why you may want to rethink your job search approach

The current job market is a complex and challenging environment for job seekers. In this blog, we will explore some of the key trends and challenges that job seekers are facing in the current job market and why you may want to alter your approach.

Insight #1 Mass layoffs are increasing competition within the tech industry, which is affecting all positions, including customer success, implementation managers, and sales roles, not just developers and behind-the-scenes roles. As a result, people who work in these industries are experiencing longer layoff periods than normal. The competition for available jobs has become more intense, making it challenging for job seekers to secure new employment.

Insight #2 The trends that we saw during COVID have reversed. There was a mass hiring in tech companies and mass layoffs in the hospitality and food and beverage industry. However, currently, the hospitality and food and beverage industry is one of the industries that have the most hiring demand. This shift has created opportunities for job seekers who are looking for work in these industries.

Insight #3 People need to apply to more jobs than they normally would. Career service professionals such as coaches are recommending people to apply to at least 100 jobs that they are truly qualified for. This is because the competition for available jobs has increased, and employers are receiving a higher number of job applications than before.

Fourthly, it is more imperative than ever to ensure job seekers are marketing themselves as effectively as possible via resumes, cover letters, and LinkedIn profiles. Many job seekers are turning to professional resume writing professionals to help them stand out in a crowded job market. Employers are looking for candidates who have the right skills and experience, and a well-crafted resume and cover letter can make a big difference in the application process.

Insight #4 One of the things that is high on job seekers' lists is work-life balance and the desire for a remote or at least a hybrid role. COVID opened the eyes of many professionals that working remotely often outweighs salary. Unfortunately, the number of fully remote roles has declined, making these roles highly competitive. However, job seekers should still make sure to highlight their remote work experience and willingness to work remotely in their job applications.

In conclusion, the current job market is challenging but the good news is my clients are still getting interviews and offers!

If you would like to ensure you are marketing yourself as effectively as possible in the job search to drive more interview invitations from companies you actually would want to work for, let's chat! Book a free consultation by visiting calendly.com/amandaportillo/chat