Is your resume up to date? Ready to take on the New Year job market!
Economic predictions based in large part to a growing opinion from economist suggest the stagnant unemployment rate which loomed throughout 2010, will begin to decline in early 2011 as companies begin to hire employees. With the bulk of publicly held companies reporting record short term capital cash assets on their balance sheets; largely in part to hording profits, labor reductions and decreased operating cost for nearly two years. It is no surprise corporations are positioning themselves to reemerge in 2011 with an anticipated hiring boom.
Unemployment remains high and not even those web bot predictions could have seen the unemployment downturn having lasted this long. However, it seems we are about to turn the corner with a revival in the job market, so college graduates and out of work professionals may start to breath a little easier with new employment opportunities on the horizon.
I am often perplexed, why most economy news tends to focuses primarily on world economy trends, economic indicators, and unemployment rates as though every out of work professional requires more education and retraining. Not every unemployed professional is an out of work fat guy who pushed buttons on an assembly line! The unreported and often ignored unemployment issue when the unemployment rate significantly increases is the lack of opportunity and movement within the job market. When these challenging times occur, employees stay put in their jobs in hopes they can keep it and with it comes a lack of growth opportunities amongst working professionals. It has been suggested that anywhere from three to five percent of the employable workforce are highly skilled employees who find themselves not without education, skills, or experience. But rather, a lack of opportunities and available openings companies are actively trying to fill.
This stagnation in the work force has dwindled careers and challenged even the hardiest of executive professionals. But will 2011 be any different. The outlook is good but with a cautious hint of slow and steady employment growth.
Insider reports from employment agencies, professional recruiters, professional contract and consultants all are seeing an up tick in communications between the industry and companies in December 2010. It seems apparent that we will see an immediate and rapid increase in job opportunities and hiring throughout the first quarter of 2011. Therefore, you need to ask yourself, are you ready to compete for those jobs when they become available? Is your resume skills and experience up to date? Good paying jobs are coming. I personally have noticed an upswing in the hourly rate contract work wages.
If you are currently unemployed, ready to leave that dead end job, or job hunting, get ready for 2011. Take a few moments during this holiday season and corporate downtime to get your paperwork in order. Writing a resume that is reflective to the job descriptions and job titles you are seeking is something you should be doing now, while you have the time before January 2011 arrives. Being lazy and putting off your career goals is a surefire way to loose out on those job opportunities. So Happy Holidays and Happy New Year to all, although take a moment and get ready for the impending employment upswing.