The unemployment rate is approaching record lows and Baby Boomers are beginning to retire, so that means that competition for the best jobs will ease. Right? No, not at the executive level. There, the competition is still intense especially in industries with contracting or changing business models like healthcare, communications, media and publishing. In those industries, with 20, 30, 40 or more applicants for the good jobs, the intensity has actually increased
It will take more than the minimum effort to advance your leadership career.
The old saying that finding a new job is a full-time job is spot-on, especially when you consider industry consolidation and a steady stream of newly minted MBAs and those other graduate degrees flooding the market. In healthcare, for example, industry consolidation means fewer jobs. However, over the last 10 years there has been an increase in hospital management degree programs both in traditional settings as well as on-line programs, and many Baby Boomers have decided to hang around for four or five more years to pad their retirement plans.
Some candidates, based on their performance in the job search process, are clearly not ready to deal with this reality. They seem determined to hold on to the way they have always looked for work. The problem with that rationale is that the job search rules have changed and will continue to do so for the foreseeable future. Job applicants who choose to ignore these realities do so at their own peril.
My advice to those candidates who have not embraced this new normal job market is to stop pushing back, quit trying to convince yourself that embracing the new platforms and strategies is not necessary for you and that nothing has changed.
Here are some key areas where change has occurred:
I welcome your thoughts and examples of your experiences. If you have questions, you can reach me at AsktheRecruiter@JohnGSelf.Com.
© 2021 John Gregory Self