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March 22, 2023

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Job Seeker’s Market on the Horizon: What Does Your Future Hold?

Beth N. Carvin is CEO of Nobscot Corporation, which makes exit interview management software. She has more than 20 years of business management and HR experience. We asked her Five Questions:

1) Now that the job situation is improving, some employees are bound to be looking to leave their current jobs and look for new ones. Is it a job seeker market yet?

No, it’s not a job seeker’s market yet but things are certainly improving for those looking for employment. The market tends to move in wide swings. When it’s an employer’s market, companies have all the power in the job negotiations. When it’s an employee’s market, employees can demand better titles, sign-on bonuses and higher starting salaries. In the late 1990s, some companies were giving out car leases on exotic cars in order to entice job seekers. That’s a job seeker’s market. We’re actually just beginning to make the transition from employer’s market to job seeker’s market. My favorite time is when the pendulum is swinging from one side to another. There’s a period of time when things are relatively even and each side needs to treat the other fairly. That’s where we are headed right now. With any luck we will stay there for a period of time before it swings too far in another direction.

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