Are you ready? The job seekers market is about to explode.

Last few years were pretty tough on the American workforce. You could separate all people into two main groups: those who had a job and those who didn't.


Majority of those who had a job were just happy to have one and stick with it, no matter how much they were interested in doing something else or moving to a different company. Because more people were willing to trade their ambitions for a steady paycheck, the job satisfaction indicator fell to record low 45% by the end of 2009. So now we have more than half of all working people in this country hating what they do. What outcome should we expect from this? My opinion: a massive explosion of a number of people looking for new jobs by the end of this year or beginning of next year. It seems like common sense and it has to happen, after all how much longer can a person stay in a place that does not bring satisfaction. The only major factor that needs to happen before this movement begins is seekers' confidence in the job market, and we already see it rapidly growing. No doubt, within the next 6 months we will see a lot of talented and qualified individuals leaving their current jobs, filling open positions, and creating new ones.


The second major group (the ones that weren't employed) separated into two sub groups - ones that kept looking and ones that gave up. Those who gave up on finding a job and stopped looking over the last few years will eventually return to the market once the job market proves to be strong again.


The point I'm driving is that there'll be no shortage of talent on the market by the end of this year. In fact, one of the reasons we decided to offer employers and recruiters to post jobs for free on DandyProject.com was because we have anticipated that soon there will be so much talent on the market that there'll be no reason to pay for premium job postings.


As HR and recruitment professionals we should have mixed feelings when it comes to a large number of people leaving their current jobs. While recruiters and agencies will surely benefit from this move, corporate HR will have to face higher turnover rates and higher staffing spending. One thing that makes me happy about this situation is that people will gain hope and faith in their future - something that we've been terribly missing for a long time now.

Views: 45

Comment by Mark Lennard on July 27, 2010 at 11:12am
I totally agree with your post Jonas... The market shrank drastically both in the USA and UK and we will soon see candidates come out in force looking for new opportunities and new horizons. The increased candidate activity is already happening in the UK and will only get even more active.

The question is will the recruiter be able to deal with supply and demand in job opportunities from their clients? Its great that you are offering your service at DandyProject.com and together with MyResourcer.com we can both assist the recruiter in finding the job opportunities that exist out there and post them to the mass of waiting job seekers.... Yet again, the balance is changing!!

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