Hiring Market Outlook for 2022

If there’s one thing we’ve learned about the labor market over the past few years, it’s to expect the unexpected. There’s no concrete way to predict what will happen in 2022, but we have some insights into what will likely impact the hiring market this year. Here are three trends to watch for regarding the hiring market outlook in 2022.

Labor Supply May Stabilize

In 2021, the demand for workers absolutely skyrocketed and significantly outpaced the number of available candidates. A record 4.53 million workers quit their jobs in November alone. Due to increased mobility in the labor market, job openings continually outnumbered those looking for work. This year, we hope to see the labor supply stabilize. As vaccination rates rise, COVID-19 risk may continue to fade. Additional factors such as increasing childcare options and decreasing financial cushion could also contribute to the stabilization of candidates on the market.

Remote Work Demand Will Continue To Increase

One of the lasting effects of the COVID-19 pandemic that will undoubtedly continue into 2022 is that of remote work. While the number of remote workers decreased throughout the year in 2021 from 23.2% in January to 11.3% in November, job postings for remote positions continue to rise. Employers are catching on to the benefits of remote and hybrid work environments, including better work-life balance, increased productivity, and lower overhead costs. Additionally, it expands the talent pool significantly, allowing you to better compete in a highly competitive hiring market.

Candidates Will Be In The Driver’s Seat

The candidates of 2022 are not the same as candidates of years previous. In past interviews, candidates tread lightly and avoided hard-hitting questions regarding salary, diversity, and paid time off. However, those days are long gone! No longer afraid to rock the boat, candidates are now in the driver’s seat and want answers. Don’t be surprised if these heavy questions arise early in the interview process. Job seekers will be juggling multiple hiring processes at once, and they’ll want to eliminate non-matches early on.

So, while there’s no surefire way to know what this year’s hiring market will hold, preparation will be key. Partner with JSG to tackle your staffing and consulting needs, and you’ll be ready for anything!

How the Coronavirus May Affect Your Job Search

You see headlines on the news and social media about the Coronavirus all day long. People are talking about how it’s affecting travel, school, annual events, sports, and many other things in our daily lives. But will this virus jeopardize your job search? Some people are worried that it will negatively impact hiring or even stall it. However, I am here to put your minds at ease. Yes, COVID-19 might change how companies hire over the next few months, but it’s not going to halt altogether. Here are a few ways the Coronavirus may affect your job search.

COVID-19 didn’t tank February’s Job Report

According to the February Jobs Report that was released last week, the U.S. economy added a mind-blowing 273,000 jobs! As a result of the push in hiring over the last couple of months, the unemployment rate also dipped back down to 3.5% (that’s a 50-year low!). So, as of now, the Coronavirus has yet to significantly impact hiring in the first quarter of 2020.

Others will keep looking for a job

Don’t let this virus discourage you from your job search. Yes, the virus can be scary, but your life and everything else around you are still proceeding as usual. If you let COVID-19 stop your job search, you’ll probably miss out on a fantastic job opportunity. According to Johnny C. Taylor, Jr., the President and CEO of SHRM, “There will be an end to this. If you take yourself out of the process, someone else may take that job you would get.”

Taylor also stressed the importance of not pulling your candidacy from the interviewing process. Unless you’re sick or don’t feel well, pulling out just because you are fearful of the virus will likely send the wrong message to recruiters or hiring managers. In other words, carry your job search on as normal.

The Coronavirus will increase video interviews

As a precaution, many employers are canceling in-person interviews in favor of video interviews. This shouldn’t alarm or frighten anyone. In fact, in many situations, this is probably easier for both hiring managers and candidates. Instead of having to take time off work and kill half of a day for an in-person interview, you now have the chance to have the same conversation over video. So, instead of burning through some sick time to attend a formal interview, you can now potentially schedule an hour-long video interview outside of your working day. It’s a win-win situation.

But if you need to brush up on your video interview skills, here are a few of our favorite tips to nail your virtual job interview.

The best thing you can do is keep calm

Sure, the Coronavirus is a scary situation with a lot of uncertainties. But as of now, uncertainties should not be enough to affect your job search. Yes, there are some reports about the virus hurting hiring for several employers, such as airline companies; however, the overall impact of the Coronavirus is still unknown. The best thing you can do is keep calm and proceed as normal. As of now, the hiring market is strong, and there are millions of job opportunities out there! If you’re now convinced that COVID-19 won’t halt your job search, take a look at our job board! We have great job openings across North America! Oh, and don’t forget to wash your hands!