Job Search
Employment Outlook
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According to the Manpower Employment Outlook Survey Q1 2012,
6% of employers expect headcount to increase, 8% forecast a decrease and
84% anticipate no change, the result a net Employment Outlook of -2%.
The significant difference in employment rates across regional labour
markets has resulted in recent trends being mixed, however across the
spectrum was a major commonality; the bleak report on the future of the
economy.
With the news of budget cuts, growing inflation rates and
organisation freezing pay, the level of job security continues to fall. The
Acquisition
and Retention in the War for Talent survey showed that 37% of
employees frequently think about quitting their jobs, 66% intend to search
for a job in another organisation next year and only 44% feel valued by
their employers.
The disheartening employment outlook reports have amounted to
declining employee engagement levels across industries as such the number
of employees seeking new roles has increased making the job market highly
competitive. Job seekers are now utilising alternative routes to the
traditional methods to increase their chances of finding a new role. Social
Media and Career management are amongst the growing trends in
the job search market.
LinkedIn's Q1 2012 financial results stated that its Hiring
Solutions amounted for over half of its revenue; this confirms there are
many job opportunities available from tapping into Social Media. The
Acquisition and Retention survey also showed that 41% of employees use
their social media network when making career decisions. One thing is
certain, to maximise the chances of securing a new job in the current state
of the economy, job seekers to need to stay abreast of growing trends and
utilise the alternative routes to the job market.
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