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Make the Most of an Employee’s Market in 2022

by Jeremy Cunningham
April 19, 2022
in Finance
Reading Time: 5 mins read
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Lower than two years in the past, I used to be giving recommendation on discovering a job in an employer’s market. 

I stated to shift your mindset from that of a job seeker to that of a High Performer. Don’t attempt to simply land a job. Present the corporate why they’d be fortunate to have you ever. You need to consider the corporate in the identical method they’re evaluating you. 

In an employer’s market, you would possibly really feel that you simply’re at an obstacle as a result of there are such a lot of different individuals competing for a similar job. 

Don’t! 

Quite than consider your self as certainly one of lots of of candidates to a job, as an alternative consider your self because the BEST applicant for a job. You should present the corporate why you’re the perfect candidate for the job … and why they’d be fortunate to have you ever. (I present you ways in my Discover Your Dream Job program.) 

Can I let you know the key? 

That recommendation is similar even in an worker’s market! 

The distinction: in an worker’s market, you’re in a greater place to barter. Right here’s what to do: 

  • Get crystal clear in your Dream Job and firm. 

How an worker’s market is totally different from an employer’s market

You’ve heard in regards to the “nice resignation” or regardless of the hell they’re calling it now. Employees are quitting in document numbers … however companies are hiring MORE individuals than ever. 

That implies that staff are capable of give up their jobs, however then instantly transfer into a brand new job, typically one with increased pay, higher perks, or each. Right here’s what Secretary of Labor Marty Walsh informed Enterprise Insider, including: “Individuals are utilizing their means, their leverage proper now to maneuver into higher paying jobs.” 

True, inflation does dampen a few of the impact, however many staff are getting THOUSANDS of {dollars} in raises, sufficient to offset a lot if not most of rising inflation. 

Labor Secretary Marty Walsh stated “staff are utilizing their leverage within the labor scarcity to get higher pay. Walsh additionally identified that probably the most profitable corporations will probably be those that adapt to what staff need. 

That opens up a HUGE alternative so that you can negotiate raises and extra perks. 

Right here’s one other instance. A Pew Analysis Heart research checked out why individuals give up their jobs in 2021 and what they’re doing now.  

“A majority of those that give up a job in 2021 and will not be retired say they’re now employed, both full-time (55%) or part-time (23%),” the report discovered. “Of these, 61% say it was at the very least considerably straightforward for them to search out their present job, with 33% saying it was very straightforward.”

And people new jobs paid extra: “A minimum of half of those staff say that in contrast with their final job, they’re now incomes more cash (56%), have extra alternatives for development (53%), have a neater time balancing work and household duties (53%) and have extra flexibility to decide on once they put of their work hours (50%).”

Get a $10k+ increase

We not too long ago carried out a survey that exposed that 70% of People say they don’t earn sufficient cash. 70%! 

However you’ve the ability to extend your wage proper now. I’m speaking about BIG numbers. 

A latest report from the Bureau of Labor Statistics confirmed that “1 in 7 US companies raised wages in 2021 due to the pandemic.” About 5% of companies additionally paid momentary or everlasting wage premiums, one-time bonuses, referral bonuses, and extra. 

Want proof? Check out a number of of the responses I obtained after I requested my Twitter followers to share in the event that they’ve gotten a $10k increase within the final 12 months. (I acquired so many responses that I needed to delete the tweet!)

Right here’s one other story from Nicolle G.: 

“I used to be interviewed on my maternity depart. I used to be provided the job inside 2 weeks of my preliminary interview. It’s at the moment earn a living from home, which is nice and permits me to spend so much of time with my new child. My final job … I had made nearly $36,000. My wage now’s simply over $57,000 — plus method higher advantages. So as to add the cherry on high, I’m eligible to earn simply over $69,000 after one yr at this job.” 

All $10k+ raises. All throughout the final 12 months. 

If it’s attainable for them, it’s attainable for you. 

That is the ability of being in an worker’s market. YOU have the leverage. 

If you wish to swap industries, that is a tremendous time. If you wish to negotiate a versatile way of life like working from dwelling, you are able to do that. Or if you wish to negotiate a huge wage improve, it’s attainable. 

I encourage you to take a look at the entire free assets linked on this submit. I get emails on a regular basis from individuals who have used my free materials to alter jobs, get raises, or negotiate different perks. And if you wish to go even deeper, my Discover Your Dream Job program reveals how you should utilize superior negotiation energy dynamics. We even embody the precise phrase for phrase scripts to say in negotiations. 

Don’t wait to make the most of this massive alternative

Now’s a GREAT time to make an enormous change in your profession. 

There’s no higher time to discover a job that allows you to love what you do, receives a commission what you’re price, and revel in a profession tailored to suit your way of life and objectives — in brief, to have a Dream Job that helps your Wealthy Life. 

In the event you’re able to take my superior course Discover Your Dream Job, click on right here. 





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