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6 months ago by

Is it time to move on? What a candidate shortage means to your career path

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Let’s start with a clear statement about the employment market as it stands. As a candidate either actively looking for a new role, or perhaps one who is just considering the possibility of a change, you are currently in a very strong position. There are a lot of jobs available, and in many cases, the candidate pool for those positions is smaller than it has been in recent times. That means employers will be a little more competitive when it comes to attracting the right people. As a result, you will probably notice an increase in the potential salary and benefits for roles you are interested in. All of which sounds like good news for candidates, and it is. If you are considering a move, then the chances are, now is a great time to look.

Here are a few things to think about:

  • Look at your career, not just the money on the table. Be very careful of making salary the only motivator for your search. Money, as they say, isn’t everything, and that can be particularly true when it comes to moving to a new role. You should look for a pay rise if one is on the table but keep perspective. A few pounds a month is no compensation for a poor career move or missing a long-term opportunity.

  • Think about that skills gap, not the candidate shortage. Skills are always in demand, but the number of available jobs changes. A good career move is about long-term gain, so we will always suggest thinking about what skills or experience the role will give you and how that relates to where you want to be in years to come. With a shortage of candidates, employers may well be more open to training you and upskilling.

  • Take the guesswork out of it all and get a good recruitment partner. Talk to us about where you want to go and what you want out of your career. The more we understand what you want out of your next job, the better we can find the perfect position for you.

  • Look for the opportunity to move up. One of the effects of a candidate shortage is that employers can be more open to moving people into a more senior role. Now may be the right time to think about progression.

  • Take your time and lose the FOMO. It can feel like there are jobs everywhere and hundreds of great opportunities that you should grab, but don’t let the Fear of Missing Out rush you into a decision. Instead, let’s sit down and refine what will be the best for you. Ignore the noise and make the right choices.

  • Once you have made the decision, stick with it. Be very careful about accepting counteroffers from your current employer. Statistically, it is very unlikely that you will end up staying with them anyway, and all the reasons you wanted to move on are not going to go away because you suddenly earn a little bit more.

 Finally, just a reminder to keep your perspective. Despite the candidate shortage, no employer is going to take someone who is totally unsuitable for the job. So, take some advice on what is and isn’t practical. Probably the biggest advantage of a favourable market for candidates is that you may have the opportunity to work with the employers you really want to work with on more favourable terms than you could previously have hoped for. If that is what you want (and why wouldn’t it be?), then make that your goal. Keep a clear head about where you want to go and aim to go there. The next offer may seem nice, but it won’t be as satisfying as getting that job you always wanted.

Contact your nearest Meridian branch and let’s chat about how we can help you cut through all the noise and find the right track.