It is even predicted that 2010 could be worse than 2009? It is hard to imagine from a hiring and career perspective. Just to recap on the last year misfortune that we're leaving behind, unemployment grew in this year from 7.2 percent in January 2009 to a high of 10.2 percent announced at the beginning of November. According to the BLS there are around 15.7 billion unemployed people in US - a figure that has increased by 8.2 million since the recession started in 2007. So does 2010 have more of the same in store, or is it likely to be better year for those people who are in the job market? JobConcierge have come up with some job market predictions for the three key groups over the first year of the next decades: Job seekers, managers, and recent graduates.
Job Seekers
The good news for those who are finding work right now is that 2010 is likely to bring a slight decrease in the unemployment rate it means companies are thinking to hire more throughout the year. The bad news is that competition for those positions will increase than it was ever before and moreover candidates will really have to perform up to the mark and likely to accept that package which companies are giving to get a job. And we are not going to see the same unemployment rate as it was last year as it grew: anything less than 9 percent by the end of 2010 will be a serious achievement.
Focusing on a job search on growing fields will be more likely important than ever, and for those who are looking for work would do well to seek out opportunities in field related to energy, environmental issues, health care and government. Those who are expertise in their area may also want to consider finding similar roles in adjacent sectors, or acquiring extra skills to make themselves more marketable in other areas.
Managers
At a certain point of time people will start to fall down at work it is said by an economic expert recently on the spike in productivity we've witnessed from those who still have jobs. As the quote makes clear that there comes a time when those employees those who are still with the organization can't do anything to take the business forward. And that will create both problem and opportunities over the coming years for employees.
By now the toughest decision should hopefully be behind most leaders: if they haven't cut the unproductive employees from their organization at this point in the economic cycle, the chances are its too late.
As the economy starts to improve once again, now the leader require to go out and find some more assistance. Savvy execs, then, should be leveraging every contact they have to find the best candidates out there-and they are out there, in unprecedented numbers. From last two years when no-one has been hiring, there is a pool of talented candidates which is overflowing , many of whom are now available for positions they'd never have considered in better times. Of course, while that means some firms can pull in stronger talent than they might ordinarily be able to, retention will likely become an issue down the line. That's unlikely to be the case in 2010, however, so just enjoy the fun of hiring in an employer's market while it lasts.
Recent graduates
Now for the class of 2010 students there is long road ahead of them. Fewer employers are now coming to the campus to recruit soon to be graduate students- at law schools, for example, the number of recruiters dropped significantly for 2009-2010 (as much as 50 percent at some schools in the T14) so that students have to work extra hard to find a job once they complete their graduation.
Unlike the mid career job seekers, luckily graduates have the full force of their schools behind them. in the past years career service across the country have reached out to new employers to find positions, created new training program for students to learn about the alternative career and offered fellowships to students to conduct research , pursue volunteer work or accept an unpaid or low paid positions. Across all degree career in the nonprofit, technology and government sectors are the most popular. Among future lawyers, online application for federal clerkship increased by 66 percent. Even there are jobs available in those sectors; employers may not be equipped to handle the surge in applications. This means the class of 2010 employment numbers is likely to be only slightly higher than the class of 2009's, if they change at all.
The best bet for the class of 2010 may be to get the heck out of Dodge. Those students who want to work abroad they have a better chance of getting a job instead of those who limit their job search to their Home town only. Various MBA colleges have merged their program with Europe and Asia which would definitely help students to compete in an international market. That said that with those international students staying abroad, it's likely that these jobs will get more competitive in 2010. So students those who exploring this option should start working in their resume earlier.
Author Resource:-
JobConcierge is the destination for executive jobs - real people search 300 job boards and submit applications to take care of your entire online job search. The site is also known for its best executive recruiters
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