2017 Hiring Trends & What It Means For You

How is 2017 treating you? I for one am having a hard time believing we’re already 1/12 of the way through. Luckily for job searchers, statistics show that 2017 is setting up to be a year where you have the power. Have you been thinking about making that job change but was not sure if you would have alternative options? It may be time to take the leap of faith and see what else is in your future. Here are some trends we’re already seeing in 2017:

General Trends

The Bureau of Labor Statistics is reporting that U.S. employment rates are at record lows since 2008. The latest report coming out in December of 2016 showed unemployment rate sitting at a steady 4.7 percent, very low! Yet, the economy seems to be expanding which is increasing job availability and leaving employers scrambling for candidates. In fact, 62% of employers admit to having difficulties finding the right talent to fill their positions. On top of that, 48% of employers expect to hire more in 2017 than they did in 2016. What does this mean for you:

Competition

It’s an exciting time when employers are competing for you. If you were thinking about looking for that new job in 2017, it’s likely you’ll find it. Especially with a rock solid Two Way Resume to promote your personal brand.

Who’s In Demand?

College graduates with technical skills (especially in computer science) are in high demand in 2017. If you are within the age range of 25-45 you have a significant advantage over higher aged workers. Management/Executive are also in high demand in specific industries.

Turnover Costs Are Higher

Employee turnover costs are going up in 2017 according to recent surveys. Due to technology, learning curves are getting steeper which is increasing training costs for new employees. Therefore, employers are looking to hire within and keep existing employees happy. Prove your worth that raise in 2017 and you just may get it!

Are you ready for all 2017 plans to deliver?

It’s time to start making your preparations. Start building positive relationships within your network by attending a professional’s event. Start researching companies you are interested in working for, and begin asking for recommendations and referrals. Most importantly, begin to build your online brand through a service like Two Way Resume. Establishing your web presence, online portfolio, and personal brand will set you up for success as you navigate the job market for years to come.