US Job Market Shifts Power to Employers Amid Rising Demand

Us Market Shifts Power

US Job Market Shifts Power to Employers Amid Rising Demand

In recent months, the job market has experienced a shift, increasingly favoring employers over job seekers. The U.S. Bureau of Labor Statistics’ monthly jobs report reveals that employment has surged in most industry sectors in April 2023. Professional services and health/social assistance alone added more than 64,000 jobs. However, delving beneath the surface of these statistics reveals the real impact on job seekers, particularly those seeking white-collar roles.

The harsh reality is that the number of job opportunities has decreased by 500,000 since 2022, while the demand for jobs continues to rise. The post-pandemic landscape of the past two years has seen numerous roles eliminated, plans put on hold, and projects abandoned. Job cuts have become less of a temporary measure and more of a permanent fixture.

So, what does this mean for employers aiming to secure top talent? With the job market becoming increasingly competitive, employers have greater power to select the right candidates for their teams. Now is an opportune time for recruitment as the market is brimming with experienced, qualified, and innovative candidates who are missing out on opportunities not due to their inadequacies but simply because of the saturated market.

Employers now have the luxury to be selective in their recruitment process. They can take their time to find the perfect fit for their company culture rather than settling for the first seemingly qualified candidate. Moreover, employers can delve deeper into a candidate’s skill set and qualifications to discover unique talents and perspectives that align with their company’s goals and projects.

However, finding these hidden gems won’t be straightforward. Employers will need to rethink their recruitment strategies to uncover these hidden talents. With the current job market favoring employers, they have the time and space to refine their hiring strategies and focus on securing top talent.

Here are a few tips for employers:

1. Identify your company’s needs before beginning the recruitment process. Many hiring mistakes occur due to pressure to fill vacancies quickly. With time on your side, you can be more discerning and avoid hasty decisions. Consider all your company’s needs, including those previously considered as “nice-to-have” or “unlikely to get”. Be specific about what you want from your new hire. If you want a game designer who is skilled at stop motion, has a background in talk therapy, and speaks Finnish, ask for it.

2. Don’t dismiss non-traditional candidates. Focusing solely on candidates with a college education can limit your pool of potential hires. By rejecting non-traditional applicants, you may miss out on qualified candidates with the right skills and experience. Companies like Google and Bank of America have updated their education requirements; it might be time for you to do the same.

3. Make the hiring process more candidate-friendly. Just because you have the upper hand in selecting candidates doesn’t mean you should overlook the candidate’s experience during the hiring process. Consider ways to make the process less daunting for candidates. Your hiring process should reflect what it will be like to join your team: welcoming, friendly, and engaging.

In conclusion, while the current job market may favor employers, it is crucial for them to use this opportunity wisely. By refining their recruitment strategies and focusing on securing top talent, they can build strong teams that will drive their companies forward. Whether it’s choosing the best standing desk for their workspace or seeking out an electric height adjustable standing desk for health benefits, employers need to consider all aspects of their business operations to ensure success in this competitive job market.

author avatar
Guy Director
Higher Diploma in Mechanical Engineering. Ergomotion Director since 2005.

Google Reviews

Ergomotion

Google Reviews

Andrew Pieterse 14/06/24

Google
Great service and really quick shipping. It is great to know that you are getting quality parts from a Scandinavian manufacturer with your standing desk purchase rather than the cheap knock off stuff you get from other major brands. Reasonably priced for the quality too!

Janette Clarke 20/05/24

Google
Guy was very accommodating with meeting him at a time that suited me. He assembled the desk prior to me collecting so I only had to carry it inside with help (it's pretty heavy). The desk is great, the storage racks underneath with the 6 x built in powerpoints was worth the extra money. I have a functioning & tidy workplace.
Guy was brilliant, I highly recommend.
Janette

Nickel 10/05/24

Google
Have now purchased 2 stand up office desks off Guy, benchmark sales service from him, all via email, so easy; from quote to plug in, only matched by the strong quality of these machines, solid and stable. If only everything in life was this easy and reliable.

Jennifer Fadriquela 23/03/24

Google
I purchased an EDesk this month from Ergomotion, and it was a remarkably smooth transaction. Guy was eager to answer all my questions before my purchase. As a first-time buyer of a standing desk, I truly appreciated how he addressed my queries with thorough details and provided options within my budget.

The delivery process was also smooth, despite a slight delay in the ETA. Guy ensured I received all necessary updates from the courier/removalist.

I've been using the desk for a couple of weeks now and I'm satisfied with it. It's sturdy on all height adjustments and the motor works as expected. I also like oak finish because it's clean-looking and suits my room setup.

Overall, I'm happy with my purchase and I'll definitely recommend Ergomotion to someone looking for their desk needs.

Josh Oliver 04/02/24

Google
I've had an ergomotion desk for 10 years. It's still as good today as it was brand new. Over the years Guy has always responded promptly to any guidance I've needed (mostly help putting the desk back together after removalists take it apart).

Michael Cheung 18/01/24

Google
Great service from Guy and the team at Ergomotion! Helped with all my queries and was able to source a standing desk part for me when many others weren't able! Highly recommend!

Shao Lei 30/11/23

Google
Decent desk and awesome service. Highly recommend

Rod Hathway 10/11/23

Google
Awesome experience. Great value, super customer experience, ordered, assembled and picked up in 24 hours!

Dom K 06/11/23

Google
Skip the big name brands and buy from Guy instead, 10/10 linak parts with a very well built tabletop.

Chris Wu 06/11/23

Google
I purchased the edesk from Guy at Ergomotion. Guy was a pleasure to deal with and the desk arrived the next day. Guy was highly knowledgeable on the desk and provided very prompt support on the installation. I can highly recommend Ergomotion.
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