The Job Market in 2023 - What To Expect!
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- เผยแพร่เมื่อ 3 ม.ค. 2023
- The Job Market in 2023 - What To Expect and How To Take Advantage Of It. Welcome to 2023! 2022 was very eventful for the average job seeker and employee. We had the job boom, then all the tech layoffs. We saw the great resignatoin turn into quiet quitting, then quiet firing, then loud layoffs THEN career cushioning. Now we face a possible recession and with it an unstable job market. What can we expect this year? In this video I give my opinion on what will happen.
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Are you struggling with your job search? Applying for job after job and not getting any interviews? Perhaps you’ve got a few interviews but always seem to get passed over for the job? Or maybe you’re not satisfied with your current career and want a change. Well, you’ve come to the right place.
As a corporate recruiter with over 20 years of experience hiring thousands of employees at all levels into major corporations, I’m going to spill the beans on how to get noticed by recruiters, start getting more interviews, navigate through each step of the hiring process, and ultimately land the dream job you deserve.
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Company loyalty died in the 90s. Moving jobs became the best means of income growth
Seriously, company loyalty in the United states is a joke.
I caught a brief glimpse of what employer/employee loyalty looked like at the start of my career in 1989.
The contrast is glaringly obvious in the 21st. century
loyal for company pension?
It died way before the 90s.
@@td4611 some folk pin the end of loyalty to the erasure of the pension and the creation of the 401k - 80s maybe?
July 2023 here: Don't quit your job if you have one, the job market is terrible. Sure, lots of opened job, but 90% of them are minimum wage jobs.
I was a fool, worked hard, asked for a raise in July, got told to wait till December, then got laid off the day after Christmas.
Damn bro they played you. Don’t trust any job they don’t care about you or your family. Good luck
"We are like a family here..."
Yes that’s foolish. Asking for a raise during poor economic times is a bad move
I know it probably has worked for other people but asking for a raise has never worked for me. It signals that you are not happy with your current salary and are passably looking. They will never give you what you expect. If you get a raise it will be a slap in the face for even the best employees. Changing jobs is the only way to get more money.
@merr_khan siminar thing did two whole years here in uk remote developler for a major uk bank
500 jobs gone in march 4th 2023 including my own
Hope you can get back on feet buddy
I work in a very large enterprise. As the economy continued to deteriorate, I paid close attention to keywords and phrases that the CEO and senior executives repeatedly used during employee meetings (restructuring, being responsible with the budget, finding efficiencies, etc.). In the last two quarters, I saw that the IT budget (development and enhancement) was cut, and with it, a significant portion of IT talent was let go. Active hiring slowed down, and it was clear (to me) that Q1 2023 would be when the deepest cuts are going to occur. So, in Q4 2022, I began to test the hiring market and - and I happy to say - that I acquired a more senior position with an increase in salary and - more importantly - in a company whose corporate culture and values align to my own. As I depart my current employer for this new opportunity, I wish my colleagues the very best. But, as things look right now, the next three months will be uncertain.
Are you concerned about being laid off at the new company (last one in, first one out)?
@@keemiel4005 Not really. The company operates in a market that is not greatly impacted by the economic downturn.
What's sad is most folks don't pick up on keywords from the CEOs and Executives.
That literally sounds like the company I was at!
@@keemiel4005 when my company did layoffs, they did not follow that at all; hire of 3 weeks remained
I’ve noticed that some older gens still believe in Company Loyalty, even if they get laid off or rewarded poorly some are in the belief if you just work hard enough, it’ll pay off.
Then they die and everyone hires a young guy and laughs or they find a way to lay em off get rid of em and hire another the second they slow down
There are still a _few_ companies that like that -- but they are extremely rare. I worked for Disney for nearly 9 years and at the 5 year mark, someone told me "ah, you just got here." - they were celebrating 30 years with the Mouse. Anywhere else, at 2 years - I was considered the old timer. Either fortunately or unfortunately, the world ended and Disney put me on furlough for a year - covering my side of the "benefits" but not able to pay me a salary. While I could get by for a couple months without an issue, I wanted to keep current with my skills so I worked for someone else while also on furlough (no rules against it). When Disney finally called me back, they offered me a different role (same pay) but the technology just wasn't as cutting edge - so I remained with my new company. I was fully remote with no expectation to return to office (still the case) and got a nice raise out of it too.
I don’t think employers are going to get most of what they want out of employees at this point. They want employees to work for the lowest possible wages and morph multiple positions into one, force them into a brick and mortar building that they have not sanitized after 3 years of sitting and sacrifice their all for them when year over year they get minuscule raises, no real bonuses while they watch the C suite get richer and richer?! Employees are not rolling over to be used like that now. Companies cannot exist without employees. Even Elon Musk had to try to rehire some of the people they laid off at Twitter. I think Employees getting some of what they want is just going to escalate even more.
People want to work, but they don't want to work for slave wages anymore. They're tired of it. The pandemic made them realize it.
they move the jobs offshore to Asia and Latin America and Eastern Europe
It's a matter of time if we all fight together we can get what we want but there are too many people afraid
Corporate loyalty 😅. Gotta be a mercenary out there. Never ever be loyal to a company.
I'm not trying to be negative, but I don't have such a good outlook for jobs this year. I applied to 6 jobs last week, I got one rejection email, haven't heard back from the others. I just applied to two jobs and I applied to one yesterday. Last week, I saw a busser position at this cafe, the ad said you need 3 years busser experience. I didn't apply. I couldn't believe it. That's why they're having a hard time finding workers.
Tell them you have three years of bussing experience in that you clean your own damn kitchen table every night
Some have applied for over 600 jobs with no offers.
Thank you.
Happy New Year 2023 to you and your family, Brian!! From Los Angeles, California!! I love all of your videos and have learned a lot about the corporate world, how companies think, how HR works and dozens of other concepts relating to the working world.
You raise an excellent point about needing to cautiously interpret the BLS jobs report findings! I'd add to that as someone who until recently worked in the BLS as a survey enumerator that one reason the job numbers are misleading is because the sample sizes are incredibly small and only becoming smaller. Obtaining data for a voluntary survey was always difficult but now with so many companies short-staffed response rates, esp. for the companies that are struggling the most, have fallen off a cliff. Response rates for the Job Openings and Labor Turnover survey (what people are citing when they reference # of job openings) went from 60% at the start of 2020 to 30% today. That's having an effect as we're seeing with the reliability of the data, since it just came through the quarterly census of employers that BLS overshot job growth in Q2 2022 by over a million jobs! Beyond just misinterpreting the data, we need to consider that without a representative enough sample size the underlying data is itself useless.
It's a bloodbath in Tech.
I’m going to precisely tell you whats coming in the future, and you can mark my word: AI and robotics to replace most of the service, tech and manufacturing jobs; UBI via digital currency to be implemented for the unemployed; government jobs to explode. True story.
Love your channel! Recently accepted an offer with a 27% pay raise. Your videos gave me courage to make the move.
Awesome!
Since the boomers are retiring soon in these years, companies should keep hiring. Overall, world population will retract, and things will get rough for the world as millions of Chinese retire at 55. The takeaway is that if you lay off employees now, you will see trouble in the future. These are the years boomers are retiring, and there is no generation just by the numbers to replace them. The boomer generation was highly productive, and it will be very interesting to see how bad the labor market is going to get for employers.
good maybe the insanity of what is recruitment would be tamed
Chinese people retired at age 55?! Tf.
not really the people at my last job were over 60+ and not retiring
Great video! Stumbled on this after posting my 'how to get an entry IT job' on TH-cam, cheers
Based on my personal experience, the STEM recruiting space is going absolutely crazy right now.
How do you mean?
@@davidwalz94 mass layoffs!
Taking into account the increase on the FED interest rates, unemployment is about to blow💥
Yeah, it was a great job market last year if you were young maybe....
I was laid off from my banking job back in February. I’ve been getting interviews but no offers, but it’s okay I’ll just freelance.
Thank you for the videos I really do enjoy them, I'd like to hear some content around preparing mentally for a change of job, have you had any candidates who needed some mental health counselling to first get into a positive headspace, a toxic workspace can sometimes be a trap, employees are to drained to make an exit
I have a fully remote positions now. Even before the world ended, I had a hybrid model before that was the name for it - I simply negotiated the ability to work from home 1-2 days per week so I could actually get work done, then I would go into the office for meetings and collaboration. This has been a fairly common thing in IT for the past 15 years. I'm actually considering relocating, but it is _possible_ I won't be able to keep this remote gig forever, so I'm looking for a place about a hour outside a major metro in case I need to return to a hybrid model if I absolutely had to. I'm actually working on a side gig that might turn into a fulltime deal - if I can only figure out how to get health insurance. If the "remote bubble" finally bursts (I hope it doesn't) - I hope to be independent of the labor market.
Boom or bust? YES!
I don’t think the job market will skew towards the employer side completely because there has been a rise in unionization and worker organizing due to poor corporate practices. Look at Southwest getting rightly flagged for its flight cancellations. Also, Microsoft recently recognized their first QA union so corporations can’t think it’s back to normal.
Exactly. Even if employers are trying to swing it the other way, they're meeting heavy resistance for it.
My job situation is up in the air. I may or may not have a job within a few months or by the start of next peak season. There aren't any other companies I want to work for in eastern PA since they're all the same and require their slaves to live to work. I may end up traveling out of state doing contract work as I did 7 years ago, which is how I ultimately ended up in PA in the first place.
Eastern PA does seem to be a slave mentality environment. Working a salaried job for 60+ hours a week is expected as a minimum and if you do less than that because of family, then you're not a "team player". I was in engineering management before I got let go because I had an ailing Father-in-law on hospice and I was let go just a week before my approved FMLA kicked in. Sadly he has passed away, but now no one seems to want to hire anywhere. I see the same job postings get reposted for months as they cannot find a workaholic.
@@trutrek913 That's what I have noticed out here. If you don't like to blow yourself out for a company CEO who doesn't even care to know your name, you're worthless. There are some real good companies out here. They just don't advertise when they have openings and getting on with those types is dependent on pure luck. I found myself at one of those. The last 3.5 years have gone by in a flash. The year and a half sentence I did at a West Chester based company dragged on and felt like I had been there for 10 years.
@@XxGyromancerXx Absolutely, I'm just starting my MBA in my downtime and hopefully our paths will cross in the future.
@@trutrek913 If I hadn't been priced out of college over a decade ago, I'd be in the engineering field. I'd probably have cross-trained over to mechatronics since I do believe that is about to become the next big thing. I'm in the trucking industry and based out of the West Chester area. The slave mentality seems to be way too common east of the I-35 corridor. The union companies out here are slave drivers as well. What good is a high paying salary when one's sanity and physical health are on the line? Yeah, the free healthcare is nice and all but we both know that when an employee starts using it a bit too much, the insurance carrier will tell the company to can the person since they've become way too high risk.
Oddly enough, I used to bowl in the same league with the Senior VP in the Federal Programs & Logistics department at WSP. I think he's based out of their Exton office. I never really got too deep into conversations with him. He seems like an intense dude. First time I saw him, I thought he was an FBI agent. He has that kind of vibe.
The new office thoooooo👀👀👀👀😍
I just lost my job. and way too many people are out of work.
I was teaching online for almost 3 years. I started watching you because I knew when the pandemic was over I was going to seek FT work. I decided to go into teaching and after watching this SO glad I did. Since teachers are paid by the state/city/county it they can be immune to a slow job market. There’s a teacher shortage so it’s never been a better time to get in.
I wonder how many ex-teachers will return to the classroom.
Pandemic isn't over, people aren't getting tested, and no covid isn't a flu you can't take theraflu, amoxicillin, nyquil etc
FYI, the 2022 US employment chart got switched with Chinese GDP chart 1990-2022, and estimated 2023. Was interesting to me, but you may want to go back and fix that. Thanks for your content.
The number of TERMS that are used about the Work Market is growing WILDLY!
Quiet Terming
Corporate loyalty ended when deregulation began IMO. This is why I'm so glad I work for the government-relative stability, especially as this student loan debacle unfolds.
Also, congrats on your Nittany Lions winning the Rose Bowl! Hopefully your NFL draft curse is over for the time being since Saquon is finally healthy again😂
From the future (Feb 5, 2023)...
My! How things have changed...
You should do a video on the thought leader meme, “hire for attitude and train for skill.” It’s become a LinkedIn favorite from people that aren’t really in touch with how the real world works and is upsetting and selling false info to young generations.
For aircraft mechanics it's still a booming job market due to a major shortage.
What is the salary though
Sorry quite quitting is not mouse swiveling. It is doing enough to meet the job requirements but not going over and above the job responsibilities. Hence career progression or pay raise and headaches are sacrificed for better life quality. It simply is a result of organizations not reading or recognizing the talent and instead promoting people who are good at say talking.
I was looking for this in the comment section like what? Just mouse swiveling?!
Hi thanks for posting these videos. I find your advice helpful. I have 16 years of experience in teaching. I am trying to leave the field, but I’m having a hard time articulating my transferable skills. I had a job interview today for a state auditor. They asked great questions. However, in the interview I couldn’t help but talk about my teaching experience. I left the interview feeling like the hiring manager was displeased with me and I would not get a call back. I know that I am very much qualified for the job but can’t seem to get over this hurdle.
I'm sure he realized he wasn't 6 feet tall or taller so trying to have a meaningful conversation with you would be pointless. Even you women don't understand yourselves to know how you treat t he vast majority of men like trash so most men can't stand you guys anymore
Yeah, don't hop jobs - especially if you don't have to. Especially after age 50. Ageism is real and being actively managed out is a real thing too.
bs. experience is king and has been for decades.
If you have a narrow skill set and lots of experience, it doesn’t matter.
I will be watching your videos, recommendations and remote jobs available since 300 people were just laid off at work. Aggressively looking. Need Resume rock course.
I am 56 and I finally had landed a job as a corrections officer at corecivic on November 2022, then I tested positive for covid19 two years after covid. Now I am doing the duties of my mom with my elderly father. Going on 6 months in Yuma Arizona and still can't find employment
IDK if there's any truth to this, but sometimes I feel like these buzzwords are a bit akin to the millennial-bashing the media used to love to do, but a bit less directly. Like "Quiet Quitting" already had a word -- Work to Rule, or sometimes just Doing Your Job. "Quiet Firing" is a rebrand of constructive dismissal. Maybe I'm just cynical because I feel buzzwords take away from addressing the problems themselves.
Being in tech especially, I definitely feel nervous about taking a job at a different company. For a lot of industries, the reality is Boomers are retiring, or going to in the next few years. I expect there will be less of an "employer's market" than we had pre 2020 when the dust settles. But tech is one of those industries where a lot of jobs aren't, or are only needed until they're automated. My guess is senior-level rolls will still be in high demand, but it'll be even more rough for folks early in their career.
Penn State? Still think you rock Bryan
If we all stuck together an fought these big companies together we can all get what we want from them, unfortunately there are too many scared people
Its the same job market with a brand new spanking year label
Career cushions your career. Never stay loyal to a job.
We are a centrally controlled "not planned" economy. The fed slams on the brakes...jobs disappear
I use to believe in company loyalty until I got laid off after 8 years in my thirties
Now at 59 forget it
Corporate greed
You are just a number
I’ve definitely seen a decrease in the amount of open positions in my field compared to last year. What if you are underpaid in your current role? Do you think it’s better to wait, and when do you expect would be a good time to switch this year?
Always do what's good for you
Can u make a video of how to build a network out of my current company? I added ppl on linkedin but not sure how to socialize and make friends from other corporations without giving unprofessional impression. Any suggestions how to approach people after they accept my invitations?
How is the job market for the accounting and finance field?
I don’t remember employers being desperate for workers ever!!
Bryan, as a diehard Utah Utes fan. I want to say congratulations to Penn State. They beat the Utes fair and square.
Utah would fit in well in the Big10. 🤔
Wow Loud layoffs as a lead magnet to get traction for your profile 🤔😲
Just when I was about to move this had to happen i feel seriously something fishy here
do you have information on public sector city county state federal?
President Byron is doing a fantastic job creating the best job market in years. He’s an extremely compassionate man and is fighting hard for bipoc people rights and gender justice. I like him a lot!
People with my skill level should be cherished not abused because people are finally waking up to reality and seeing the cold hard truth that their beloved company doesnt give a shit about them
Start a union to protect you from long under paided hours and toxic work place..
Lol the job market is far from being good. It’s quite the opposite; it’s only gotten worse
I'm having HORRIBLE luck finding a different job right now. I do have a job still, but I'm commuting 4-5 hours daily due some personal extenuating circumstances. Alot of jobs I've applied for have outright told me "we've decided to move in a different direction this time" or whatever.
@@yearginclarke yep I totally understand. The only people I know that are getting good jobs are the ones who have rich families that are connected to great employers. It is scary too because college grads have debt and if that debt is not paid, well, consequences are STEEP
@@yearginclarke same...
@@MB-xv7er Exactly, the more debt they have and shown in the credit reports, the harder to get rent, a house and a good paying job.
I need a job so bad
Seems like I picked a terrible time to try and relocate. I'm averaging 2 recruiter calls a day in the last 2 weeks and everyone goes silent. Most of the positions show on sites that its been hanging out there for months and months. We've agreed on everything the employer is looking for and then nothing happens afterward. Is this all just resume "banking"? Building up an inventory of resumes so when the job market does pick up they have some "back fill"?
I can only speak for the state I live in, these companies are definitely collecting resumes. Not actively or urgently hiring. The few that are actively filling spots are super low paying and part time without benefits. It sucks.
I have seen where they make almost every employee feel like their special great employee like best friends with employer ect then when stuff gets bad these civilians eat each other becomes ruthless. Seen great workers starve lose houses cars and commit suicide. They don't care
Hello, I left my job in October and have not been able to find any work. I have been on interviews and feel some went well then I do not receive call backs. I’m in the NYC area. How do I find and apply at a job agency? I am new to this. Thank You 🙏
I'm in NYC too and I have a good background and the job hunting has been going nowhere I'm honestly thinking about starting over in a new industry somehow or take entry level roles
@@tercial Yes. I found it difficult and frustrating experience. I eventually landed a job driving for Sherwin Williams. I filled out my application on the company’s website. Keep going brother. I always remembered that God is in control and he knows what is best for me.
@@anthonyfedelecomedy1490 yeah man I trust in God sometimes I get impatient but I know God knows best
dystopian
What do you think about CVs with photo and only one page with very short sentences/keywords?
Never include a photo of yourself or any info like DOB, high school graduation date, ethnicity or any other potential info a company could discriminate against you on. I guarantee you, they will discriminate against you if you do.
Don't include a photo ever as you may run the risk of recruiters discriminating against you based on looks. The same goes for your age, ethnicity, home address etc. Just leave your name, number, email.
@@sawyer4981 For God's sake, don't include that information. You will never get a job. I have 25 years in HR and a master's degree in HR. I know what I'm talking about.
@@td4611 A masters degree in HR is about the most useless degree I can think of.
I don't need advice from you. Never had a problem getting the job I want.
The problem is ... the quiet quitters population is exploding across the U.S. and Corporate America's solution is massive layoffs - which shouldn't surprise anyone at all. These quiet quitters should be thankful for getting a free paycheck for more than a decade!
You should look in to the numbers. CEO pay is he problem, not the employees who refuse to do more more more for no more money.
Only US and Europe is tanking. Asia and Africa are doing fine.
Do you do consultation for job seekers?
Yes you can reach me through my website. Link in the video description.
I have multiple trade experience an currently unemployed i refuse to work like a dog for shit pay I WILL NOT BE TALKED TO LIKE A DOG EITHER !
being loyal to a company is a death sentence.
Facts your nothing
"Company loyalty" isn't something entirely on the employer. Back in the day, it wasn't as easy or convenient to change employers because job postings were not as easy to find as it is now, so employees do take some of the blame.
Having said that, it's kind of nice. Layoffs get rid of poor performers, I don't know about you but I hate working with unengaged people who don't pull their weight. Nowadays you can also quit your job and come back. Back in the day, moving to another firm would have you branded as a traitor and it wasn't likely that you'd be hired back if things didn't work out with the new company.
You're describing bad things like they are good things. A company blackmailing you to stay even under poor working conditions isn't actually positive?
every vids on youtube asks for sub, it's freaking annoying!
Employers aren't even trying their best to hire people don't believe the hype
IT industry doesen't have to worry.
Sound like Orwellian double speak. Bogus assumptions! Your workers that work from home are superfluous. Easy to shed for corporations who need to be leaner.
Amazing video and thank you for breaking it down!! Despite the economic downturn, I'm so happy 😊I have been earning $ 24,000 returns from my $9,000 investment every 21days.
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@Ulrich Meyer
Actually I trade cryptocurrency on a platform, with assistance from their top crypto analysis James Ford is my professional assistant, I have been under him for 2years now... I've really made a lot from he's strategies in cryptocurrencies during this period.
He’s always active on Whats- APK
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十 1
I live in the San Francisco Bay Area and company loyalty is not really a thing here. This is hustle culture and everyone is looking for the next cool thing to chase or to be a part of. The exception is if one works for a big sexy company like SALESFORCE or Google. It’s unusual to meet someone who has been at the same job more than 2 or 3 years, especially if they are under 40 years old. The free agent mind set is alive and well. Come here if you want to hustle and make a lot of money but I have to say there is a reason it’s called the Salt Mines. It will wear on you deeply after 15 or 20 years. By the way, when you said getting laid off just before Christmas was sad I personally thought it was awesome. It gives you total free time to not worry about that big project. And you have a great job market to go hunting in. You may not get you number one pick but you will not go hungry if you are in tech. Job openings are alive and well here, if you can handle the dog eat dog, high rent hustle. You will have roommates even if you make over $100k. If you are still reading my rant I sincerely wish you the best. We are all just trying to make a nice life out here.
It's despicable to see all those employees acting so desperate and @ss kissing. If you are valuable and have skills then you should not care about losing your job because you can always get another one or start your own business. If employees accept low standards or toxic work culture then they don't have much value or skill as they are willing to sell their dignity for a pay check.
Easier said than done. Job hunting isn't easy
I have a 15 felony’s hire me
I have seen where they make almost every employee feel like their special great employee like best friends with employer ect then when stuff gets bad these civilians eat each other becomes ruthless. Seen great workers starve lose houses cars and commit suicide. They don't care