Hiring is a Seller's Market - Time to Update the Kitchen

For many years, the job market has favored employers. With a large pool of applicants to choose from, companies and organizations were able to be more selective and offer lower salaries and fewer benefits. Now the tide has turned, and we are witnessing a seller's market - this suggests it is time to up your game. In this context, job seekers are the sellers, and employers are the buyers. With the economy reopening and businesses expanding, there are many job openings available, but not enough workers to fill them - and the wave of worker discontent has gone down - so less people moving means smaller pools and more selective candidates. Also, candidates with higher expectations of balance and flexibility. 

The pandemic forced many people out of the workforce, either due to layoffs, health concerns, or caretaking responsibilities. As a result, there were fewer workers available to fill open positions, but people were moving around a lot. With a growing economy and a low unemployment rate, job seekers have more bargaining power. They can be more selective in their job search and negotiate for higher salaries, better benefits, and more flexible work arrangements.

So, what are we seeing?

Flexibility is key - workplaces with generous benefits, flexible schedules, and an office culture that allows for some remote work are exceeding over those with high salaries. The lesson we as humans learned during the pandemic was about the true value of our time - our time to be adults, caregivers, partners, and friends. You can't squeak by with a "generous benefits package" line in a job listing anymore.  We advise you to steal some lessons from the real estate market - improve your listing, do authentic and deep recruitment based on person to person connections and make sure you give your benefits list a renovation. Think of your benefits like your kitchen - it deserves a remodel. 

“Think of your benefits like your kitchen - it deserves a remodel. ”