This article gets into which jobs have been lost due to the Coronavirus by sector, and not surprisingly the Leisure and Hospitality sector leads the way. It’s hard to imagine these types of jobs coming back soon as many people will be afraid to travel and congregate until a vaccine is available.
The other challenge will be slower economic activity in general. Jobs tied to consumer spending will have trouble rebounding if the overall economy is still in recession.
Federal Reserve Chairman Jerome Powell threw some cold water on the notion of a quick snap-back for the economy and job markets in the wake of the Coronavirus. He argued that policymakers may have to use additional weapons to pull the country out of a crisis that has cost at least 20 million jobs and caused “a level of pain that is hard to capture in words.”
This doesn’t bode well for many sectors like travel and dining and will make it very difficult for jobs to come back quickly.
It’s time to get back out there. Demand is picking up from everything including consumer products and being reflected in rising used car prices. We just heard that credit card debt spiked at the end of 2011. This is a huge sign that people are getting more optimistic about the economy. When people start feeling better, they spend more. When they spend more, businesses realize they need to ramp up production and supply. This is econ 101, so the job you were looking for last year might now be available this year.
It’s been a rough 3 years since the bottom fell out of the housing market and then the job market. Many people have given up looking for work. But now is the time to get optimistic and aggressive. Don’t sit on your hands. Dust off your resume, go back to all your old contacts and also get creative. There are new fields opening up. Did you know there was a domestic oil and gas boom going on? Read the business sections of newspapers and web sites.
You just might find your self in a great position earning a living wage again. You can finally dump your old car and you’ll be driving a used Porsche 911 that you’ve been dreaming about. Maybe you can put a bid on that cool house that just went through foreclosure. Or get your old house back!
It’s time to think differently. It’s a new year, and the sentiment out there is changing. Take advantage of it!
You curse. You lie. You think nothing of posting risqué photos of yourself on social networking sites. These are just three of the reasons why employer’s won’t hire you. A 2009 CareerBuilder survey revealed that 47 percent of employers said that finding qualified applicant’s is their biggest hiring challenge. The survey also stated that employers are looking for multitaskers, candidates that take initiative, and those with a talent for creative problem solving. What they don’t want are cocky and disinterested candidates with no long-term potential. Their words – not ours! Other turn-offs for potential employers include:
-Not knowing anything about the company
-Being too personal
-Bringing up salary before the employer
-Can’t provide examples of accomplishments
-Lack of experience
If you want to learn more about things not to do to impress a potential employer, read more about the survey here.
Most high-level candidates receive more than one job offer, according to online networking and job site ExecuNet Inc. The company surveyed 380 recruiters and about 51% reported that the executives they work with receive multiple job offers. In 2010, only 35% of search firms worked with executives that received multiple job offers. Although this is good news for executives, overall, the figures still haven’t made their way back to 2007 levels when 80% of search firms reported that the candidates they worked with received multiple job offers.
The jump is still a positive one, and some industries seem to be enjoying it more than others.
“Competition [for candidates] is heating up in some industries,” said ExecuNet president Mark Anderson. Mr. Anderson said that executives in the health-care and technology industries seem to be in high demand, while defense and nonprofit companies are growing the slowest. Among functions, sales and business-development experience are most sought after, although marketing and engineering experience have also seen an increase in demand.
Companies are doing more than just making offers to executives with technology and scientific skill sets. Nearly 60% of recruiters report that companies sweeten the deal by offering perks and increasing compensation, while more than 40% made their offers more attractive by adding signing bonuses. Just last year, less than 30% of companies added incentives such as signing bonuses.
Where you look for a job has a lot to do with how many offers you might receive as well. For example, if you’re an executive with a technology background, you can expect to receive more offers in say DC or New York than Chicago. If you’re an executive in the healthcare field, forget Fresno and head to Florida.
