How the Executive Job Market has Changed in the Past Decade

How the Executive Job Market has Changed in the Past Decade

If you haven’t been job hunting recently, the chances are that the job market has evolved significantly since you last made a career move. Even in just 3 years, there has been a dramatic shift in how things are done and it is this dynamic process that is causing many applicants to be unsuccessful.

Gain greater response to your applications by understanding the factors that have changed over the past decade to shape today’s executive job market.

Saturated Job Market

The biggest difference in the market is just how saturated it has become. Coupled with the prevalence of the digital age companies are seeing an unprecedented number of applications per job postings making it more difficult than ever to stand out.

A higher number of unemployed professionals, less jobs being advertised and the evolution of the digital age have combined to see an unprecedented number of applications per job posting. Applications that would previously only see a handful of applicants now see thousands as illustrated in the image below.

Job Applications

Despite the job market showing signs of promise (due to a greater confidence in the economy as a whole) and a greater number of positions likely to created in 2015, the ease at which applying for a job has become has meant competition for each vacant position still remains very saturated.

Evolution of the CV

This saturated market has also forced a change in the development of a CV.

The volume of applicants are overwhelming recruiters who have teamed up with technological advancements to help screen applicants. This technology, called an Applicant Tracking System (ATS) is a tool that helps sort relevant applicants from the irrelevant (based upon skills, keywords, job experience, companies worked at and more).

This means that ensuring your CV has the right amount of keywords, skills, experiences relevant and targeted to the position you are applying for is more important than ever. (Click here to find out what words are important for your industry?)

It can be a difficult task to achieve and is likely the biggest oversight of many go-alone job seekers.

Hiring a professional CV writer can take a lot of the hassle out of this for you whilst also demonstrating how you can target each CV for every position.

Click here to view our CV writing services.

Social Media

Social media may have just been coming onto the scene the last time you were looking for a job (or not even born yet) but not it plays a pivotal role in the headhunting process.

94% of recruiters have indicated that they use social media to recruit or source potential candidates.

Whereas previously you may have wanted to avoid being found online, a strong online image and presence can be an influencing factor in helping you secure an interview.

The potential to highlight your skills, showcase you are keeping up with the latest trends and prove your influence; Twitter, LinkedIn, Blogs and other social networking sites have become firmly apart of a successful candidates arsenal.

Arguably one of the most influential social networking sites out of them all is LinkedIn as this is the main site recruiter’s use to source potential candidates (whereas they use the others largely to screen candidates). Ensure your LinkedIn is not a complete replication of your CV and highlights different strengths to create interest for you as a candidate.

Need help with your online profiles? Upload your CV below and one of our team will be in touch.

Click Here

Online Websites

With the digital world influencing the job application process significantly, this has created new business opportunities for job posting websites such as bayt, monster and also LinkedIn.

Many applications are now done solely online, either through the companies own website, or a third party website such as LinkedIn or our job postings engine

The online application process has caused individuals to rely solely on the digital communication and application getting the job, without any human interaction.

The best way to guarantee better response to your applications is to find the person responsible for the job posting. Locate their contact information and call them. Don’t email. It is a lot harder to avoid a phone call than an email.

Time Consuming

The biggest factor about today’s job market is to be a successful candidate, you must combine all of the above factors for an effective job hunt strategy. It can be a very time consuming task. Updating your social media, targeting your CV and Cover Letter and ringing recruiters can be a full time job in itself.

This is why it is important to begin a career management strategy to help you stay in a job so you are never without one.

Hiring the services of a recruitment specialist can take a lot of the time and hassle out for you. Career Intelligence specialises in the Executive Job Search and can make the process a lot simpler. We can establish a presence for you online, rewrite your CV, search the most relevant job listings and ensure your application garners a response. It can be the most worthwhile money spent.

Learn How To Manage These Changes

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About the author

Michael O'Keeffe

A graduate from Fairfield University in New Media with a particular focus on Television, Michael has worked in social media since graduation. His expertise will offer a variety insights into how you can penetrate into the saturated executive job market.

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