I get asked frequently if the job market will be back to where it was in 3 months, 2 years or when? While I believe the job shrinkage in the current market has been exacerbated by the recession in the short term, there are much bigger, longer-term trends that are more important to understand and plan for. Most of you have not thought enough about them.

The greatest effect will come from globalization:

• As of 2007, more of the US GDP (Gross Domestic Production) resulted from world trade than domestic. That trend will continue and increase in speed. (a)
• As of May 2011, 50% of all Electronic Engineering Masters degree holders in the US (not just students) were foreign nationals. 70% of PhDs. (b)
• The number of manufacturing jobs in this country have fallen 44% since the peak in 1979. They are projected to shrink 1.25 million between 2008 and 2018 even though they have increased in the last 18 months. (c)
• While there are only 6-8 million ex-pats (ex-patriates) from the US living abroad, there are 200 million ex-pats globally. Workers from the US are not the talent of choice. (d)
• The top 25% of Chinese students or the top 28% of Indian students outnumber the number of Adults 18+ in the US. They will be looking for work and opportunity in the near future.

Paying attention yet? If you think that “after the recession” things will go back to where they were 5-10 years ago, you are in denial. You need to learn how to manage and adapt your career strategies now in order protect yourself for the future. Stay tuned, we will be talking a lot more about this.

(a) Russell Institutional Research 2010
(b) President’s Council Jobs + Competitiveness May 2011
(c) Bureau Labor Statistics 2008, 2011
(d) UN Secretariat, Dept of Econ Affairs 2005, US State Department 2010

Topics: career strategy | 2 Comments »

Selling Yourself to Management

As I said in my last post, as a recruiter, I am not actually seeing any evidence of a Recession outside of the financial industry. However, many of the strategies that protect you in a bad market also improve your status with in a good market.

• Network to keep your value, your brand, visible at all times with your present management and clients. Networking builds bridges to get things accomplished on an every day basis. You should be networking at 2 or 3 title levels above you as insurance if your boss leaves the company. Network with other departments. Network with people junior to you as they may have very different philosophies towards work. Read the rest of this entry »

Topics: branding + positioning, career strategy, networking, salary | No Comments »

Jobs to Target

As a recruiter, I am not actually seeing any evidence of a Recession although that may change. I am seeing a mixed market, but that has been true since 9/11/01. The most obvious exception is the Financial companies which have been disproportionately affected by the mortgage market defaults. Whether or not we evolve in to a Recession, many of the strategies that protect you in a bad market also will help you get ahead and be more promotable than your co-workers in any market.

These are the more secure roles and companies to target if possible:

• The companies and product groups which cannot afford NOT to innovate continuously or they risk falling behind their competitors. Examples are medical device companies in highly Read the rest of this entry »

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