First and foremost, hiring is still happening. As seen on TV, there have been a number of layoffs in recent months. But, keep in mind that there are specific industries that are experiencing layoffs. And, only a small portion of employees are impacted. These layoffs do not mean that the entire job market is down. The United States unemployment rate in November was 3.7 percent. This shows that overall, the market is still strong.
A big focus of 2023 will be the diverse work options available. With the pandemic, many companies went fully remote. As time has gone by, some companies are asking employees to come back to the office full time. Other companies have created hybrid models that allow employees to come to the office a few days each week, and to work from home the remaining days. Employees will begin to seek out opportunities that align to their lifestyles. It is interesting to note that there are fewer work from home jobs being posted, and they are receiving a high volume of applicants. If you’re a hiring manager, you may want to keep this in mind.
Lifestyle will also continue to be a large focus in 2023. In the past two years, employees have prioritized health and quality of life more. There will continue to be an emphasis on work life balance. Employers will continue to test out new benefits, such as mental health days.
Wages will continue to rise during 2023. However, do not expect to see the large jumps we saw in the previous few years. If you are looking for a new job, do your research. Sites such as Glassdoor and LinkedIn will help you to understand what the current pay rate is for your role, in your industry.
When you are job searching in 2023, consider the industry that you are looking in. There are some sectors, such as financial services, travel, and government contracting that are seeing growth this year. There are other sectors such as tech that are less stable.
No matter what sort of job you’re pursuing, the time to get started is now. Do not sit and wait for a job to find you. Make your job search a priority. And, if you haven’t looked for a job in a few years, brace yourself. Things have changed. The online application process is a long one. It can be discouraging at times. You will apply to many jobs that you won’t hear back from at all. Know that this is normal now. It’s not you, and don’t let anyone tell you otherwise. Hang in there. Keep moving forward, and you’ll find something in the New Year before you know it.