Have you recently left your job, or are you
thinking about making a change?
If so, you're not alone.
Recently, millions of Americans have quit their jobs
in what is being called the Great Resignation.
Now, yes, you may have some questions.
And again, you're not alone.
If you've been wondering, what does this
mean for me and for my job search, then
you're definitely in the right place.
I'm Sinead, and in this video, I'll
be your guide to understanding what the deal is with the Great
Resignation, and even better, how you can use this labor
market trend to your advantage.
It's important to have a sense of how the job market is
faring, so check out this clip from an Indeed economist.
Let's get started talking about the demand side of the labor
market.
This chart that you see here is the overall trend for job
postings on Indeed site.
As a job postings aggregator, Indeed scrapes jobs
from all across the internet.
So we like to think of this as a look at the online labor market
at large.
We show this trend line as the percent change
in job postings since February 1st, 2020,
so just making a comparison back to that pre-pandemic baseline.
Through October 8th, job postings on the Indeed site
are up 46.1% above their pre-pandemic baseline, which
means a few different things.
For those looking for a new role,
this means there's plenty of opportunity out there.
But for employers, this means they're
facing an incredible amount of competition
when they're going out into the labor market
and looking to make hires.
And depending on where in the labor
market employers are looking to hire from,
that level of competition can vary quite widely.
Now here's what you need to know.
There's a surplus of open positions right now.
And yes, that's great news for job seekers like you.
But that's not all.
Here are the top six benefits for you
as a result of the Great Resignation.
One, in-demand industries.
We're seeing more job postings across the board
now than before the pandemic.
And that's because some industries are currently
booming, such as human resources and warehousing.
And also, get ready to see more job opportunities
with pharmacies, as COVID-19 boosters
are beginning to roll out and, of course,
flu season is upon us.
We can also gather what industries currently
have fewer opportunities by looking under worse
than the economy average.
Now, as you can see, there may be
less opportunity in hospitality, sports, and beauty
and wellness.
So if you're looking to use the Great Resignation
to your benefit, be sure to check out
the industries with more jobs than the economy average.
To find open positions that are hiring immediately,
type urgently hiring in the What box on indeed.com.
Your results will reflect companies that
are in desperate need of help.
Some jobs require physical labor.
Some can do from the comfort of your own home.
What you're looking for is up to you, of course.
You're in control.
So you take your time exploring job opportunities
that are offering exactly what you're looking for.
And that brings me to benefit number two, opportunities
to switch up your career.
Before we dive into this next benefit,
if you found this video helpful so far,
be sure to give us a like, hit that Subscribe button,
and then hit that notification bell
so that you don't miss our weekly career advice.
We all have career goals and dreams.
I mean, once I learned superhero was not a realistic career
option, I set my sights on my dream job,
and it really hasn't changed since.
But whether you've always dreamed of becoming a baker
or you've recently set your sights
on taking your love of fitness to the next level
by becoming a personal trainer, now
is the right time to truly consider your passions
and explore potential changes in your current career.
Don't forget, you have the upper hand here.
So breaking into a new industry will likely not
be met with as many challenges in today's job market.
Now let's say you've been a teacher for the past 10 years.
You're now equipped with incredible skills,
and your resume boasts assets like strong communicator,
listens well and focuses on collaboration,
lifelong learner, relationship builder.
The skills you've gained teaching
may now be applied to a new career, such as management
roles, leadership positions, coaching positions, and project
management jobs.
This is the sign you have been waiting for
to take a good look at the skills that you already have.
Once you've clearly identified your best assets,
take that list and research job opportunities
that meet your skill set.
Your skills may just be the right fit
for multiple new roles, and maybe a little bit of change
is exactly what you need right now.
Benefit number three, more negotiating power
and incentives.
So now we know that there are more jobs
out there for the taking.
How else does this benefit work for you?
For starters, it means you have more room to negotiate your pay
because employers are more determined than ever to hire.
In a recent survey, Indeed found that, even
in the throes of the pandemic, workers
were compensated the same or more at their new job.
In fact, half of job switchers got a comp increase.
And of those job switchers, they got, on average,
a 52% increase in their salary.
But remember, negotiations should always be researched
and well thought out.
If you walk into an interview seeming a bit greedy,
it could send the wrong message to your potential employer.
So here are some things to keep in mind when you go in
to negotiate your salary.
Check out Indeed salaries to see what
other people in your role and location are making,
on average.
Have a specific amount or percentage in mind.
Be ready to explain why you deserve
the amount you're asking for.
And check out this video right here for more negotiating tips.
And higher base pay isn't even the only financial benefit
that you can negotiate.
Employers are also sweetening job offers
in hopes of attracting great candidates.
According to Indeed's economists, nearly 5%
of job postings on Indeed are advertising hiring incentives,
like cash or signing bonuses.
That's a substantial increase from a year ago, when only 2.3%
of job postings advertised incentives.
Now, keep in mind that these stats
are pulled from October of 2021, so some of this data
may be actively changing.
But we do want you to have an idea
of what companies are doing right
now to encourage employment.
So keep your eyes peeled for any mentions of a signing bonus.
And of course, do not hesitate to bring it up
when you go in to negotiate your salary.
You got this.
Four, better work-life balance.
Being able to support yourself with your income is important,
but overall, money isn't everything to everybody.
In fact, in Indeed's work happiness study,
17% of respondents said that feeling energized is
what makes them happy at work.
Belonging and purpose were also high up on that list.
In fact, only 30% of people said that they
had left a job due to insufficient income.
So it definitely appears that job seekers
want to be recognized more for their hard work,
and be given the flexibility to work freely.
Here are some examples of how companies
are becoming more flexible and supportive
of work-life balance.
Hybrid schedules.
The working world looks a whole lot different these days,
and employers are aware of the evolution of working remotely.
So you are going to be sure to find that some companies have
no problem letting employees work half their week from home.
Working remotely.
You're also going to find that some companies have fully
committed to that work from home life.
And sure, it may be a temporary adjustment in some industries,
but for the tech industry, as just one example,
this work style definitely seems like it's here to stay.
Vacation you don't have to accrue.
There's been a major shift in job incentives,
such as paid time off.
Instead of requiring a minimum amount of hours
in order to even request some PTO,
some companies are now offering vacation
and paid time off as soon as you start your job.
So keep crushing at work, and then pack your bags
for some well-deserved R&R.
Unlimited vacation.
Oh yes, some companies are now prepared to give unlimited days
of paid time off.
And that means, with manager approval,
some companies will be more willing than ever
to accommodate your schedule.
Sabbatical or increase in vacation time.
Some employees are able to take one
to three months of time off of work,
or additional weeks of paid time off
after hitting a certain number of years on the job.
This time can be used to recharge
both mentally and physically.
More sick days.
If the pandemic has taught us anything,
it's that our health is so important.
Say it louder for the people in the back.
If you have a cold, or even if you
need to tend to a sick family member,
there are organizations offering up to two weeks of sick leave,
and some that are equipped to allow for virtual workdays
if the need arises.
Now, these are just a few examples
of how organizations are making deliberate efforts
to accommodate employees with more flexible PTO policy.
And that brings us to our next benefit, number five,
you can work from anywhere.
As I mentioned, many employers have implemented remote work
policies in light of the pandemic.
Several studies have shown that we
can perform the duties of our jobs
both remotely and efficiently.
Now, working remotely isn't ideal for all.
Some job seekers are eager to get back
to working face to face with customers and team
members, which we all really, really hope happens soon.
But for some employers, the remote model is here to stay.
This means you can find employers eager to fill
permanent remote positions.
And that means you are not limited
to local job opportunities.
Your job search can now be country-wide.
If you're wondering where to start,
you can search for remote jobs by typing remote
into the Where box on Indeed.
And just to get the inspiration flowing a bit,
here are a few positions that are easy to do from home.
Content writer.
Part-time essay reviewer.
Tutor.
Customer support agent.
Administrative assistant.
Online data analyst.
If you're interested in working remotely,
take the time to explore what opportunities are out there.
And speaking of opportunities, here
is another hidden benefit thanks to the Great Resignation.
Opportunities for advancement.
As we see more people leaving their current jobs,
expect to see roles changing within organizations
as a whole.
So let's say you've been working really hard in the emergency
room as an RN, but you want to explore working in surgery.
Or maybe you're an EMT, but would
like to become a firefighter.
Use this time to explore the different opportunities
available within your very own organization, and outside,
as well.
If there's a position open in your company
and you feel your skills fit the profile,
set up a meeting to speak with the hiring manager.
Be sure to explain your current position's impact,
and how that impact can carry through to different positions
and roles.
The job search is no small feat, but allow these tips
to empower you as you seek a fulfilling career.
You've got this.
And if you're feeling more ready than ever
to explore more job opportunities,
be sure to like this video, subscribe to our channel,
and hit that notification bell.
For more videos on career advice from Indeed,
I recommend checking out this playlist right here.
For tips on how to negotiate your salary,
definitely check out this video right here.
I'm Sinead.
Thanks so much for watching.
And I will see you guys next time.