5 Job Market Trends to Look Out For In 2018
Many people — employed individuals and job seekers alike — often wonder what the job market has in store for them year in year out. They turn to industry experts as if they have some way of exactly seeing what’s going to happen. Nobody can see into the future, but experts can make predictions which in most cases, are huge ‘maybes’ at best.
Still, with the right amount of economic data, experts can be right. Here are five things you should expect to see in the job market this year.
Freelancing Isn’t Going Anywhere
The gig economy is here to stay, that’s for sure. What is not so clear yet is whether freelancing industry will continue to register growth as it has been for the last couple of years or plateau. Freelancing gives individuals the freedom to decide how much or how little they want to work. The flexibility — being able to set your own working schedule and be selective on the tasks that you perform — appeals to many.
Certain Careers Will Grow More than Others
The US Bureau of Labour and Statistics came up with a report on the fastest-growing careers in the United States. Occupations such as retail employees, home health care professionals, food service, registered nurses, and personal care assistants have the highest projected growth rates. According to the report, there is also a shortage in the fields of HR managers, registered nurses, occupational therapists, correctional officers, and computer programmers. If you are considering a change in careers, the professions above provide the highest job security if that’s what you are looking for.
2018 Is the Year to Ask For a Raise
If you stay at your current job, you will only get a 3 percent pay increment this year. However, solid employees can negotiate for a much bigger pay rise and get it. This is the year of the job seeker, and employers know this. It’s in their best interest to retain a top performing employee. Just remind your boss of what you bring to the table and chances are that he/she won’t turn you down.
Consider Switching Jobs
As mentioned earlier, 2018 is the year of the jobseeker. If you are tired of your current position or you feel like you are not being paid enough, you should definitely consider changing jobs. Pay hike for people who change employers is expected to be high — the highest it has been in the last eight years. Just make sure that you have brushed up your negotiating skills as you walk into the interview room.
It’s Going to Be a Good Year for Jobseekers
2018 will be favoring job seekers in many aspects. As the economy slowly recovers from the 2009 recessions, the job market is shifting in favor of people looking for work. Unemployment rates are dropping, and the number of unemployed people is steadily decreasing. Employers are having a hard time filling vacant positions. What is means is more leverage for people who are good fits for open positions. They have more leverage than they’ve had in a long time.