Job Search 2024: Key Trends and What to Expect

February 28, 2024

Even though it seems like the world is always changing, when it comes to job searching, some things will always hold true. It's all about showing your best self, reaching out to the right people, and finding a job that not only pays the bills but also gives you a sense of fulfillment and purpose.


But let’s be real for a sec. Job searching can be overwhelming, exhausting, and downright frustrating at times. Every year comes with its own set of challenges. It’s a roller coaster of highs and lows, but remember, you’re not alone on this ride.


Millions are right there with you, scrolling through job listings, tweaking their resumes, and prepping for interviews. Take a deep breath, and let’s tackle these new challenges and what is coming head-on.


Nothing Will Change, But Everything Will

I know, I know. That headline might have you scratching your head, but hear me out. At its core, job searching in 2024 is not all that different from years past. It’s about showcasing your skills, connecting with potential employers, and finding a company culture that feels like home (but not as family).


But here’s the kicker: the way we go about all that? It’s evolving fast. Technology, especially AI (ChatGPT), will play a bigger role than ever before. And while that might sound intimidating, it’s actually pretty awesome. AI can help streamline the job search process, match you with positions that align with your skills, and even give you a leg up in preparing for interviews, like this ChatGPT Interview Coach.


But it doesn’t replace the human element! Companies are still run by people, and they’re looking to hire people - real, live, human beings with passions, aspirations, and the ability to think outside the algorithm.

While AI is a powerful tool in your job search arsenal, never underestimate the power of genuine connections, a well-crafted reach-out message, and the ability to sell yourself in an interview.


Job Search 2024: Key Trends and What to Expect

Trying to predict the future or guess the trends is tricky. No one can ever be 100% certain. But let's hop on the prediction train as we head towards 2024.

Now, remember, these are just my predictions based on my experience and what I've seen in the market. Of course, things can change, and the predictions below might not apply to every industry or location. Even though I'm pretty confident in my predictions, only time will tell.


1. Shift to an Employer-Driven Market from a Candidate-Driven Market

In recent years, we’ve seen a candidate-driven market where job seekers held significant power due to a talent shortage in various industries. However, as we enter 2024, the landscape shifts toward a balanced employer-employee-driven market.

This means that while candidates still have considerable influence, employers also take a more active role in shaping the job market.

For job seekers, this transition signifies a need for adaptability and a proactive approach. It’s more crucial than ever to showcase not only your skills and experiences but also your cultural fit and potential contribution to the company’s growth.

Building strong relationships through networking, showcasing a track record of continuous learning, and demonstrating how you align with the company’s values and mission become key elements of a successful job search.


2. Fear of Recession

Traditionally, January and February are strong months for hiring, but I don't think we'll see quite the same level of energy as we've seen before. The global economic situation, the state of China and other major economies, and all these ongoing conflicts are definitely having an impact.

That is why economic uncertainties, including fears of a recession, may impact recruitment strategies during the whole year. Companies might become more cautious with their hiring plans, focusing on critical roles while putting other hiring on hold. Recruiters may need to navigate these economic uncertainties by developing flexible recruitment strategies that allow for rapid scaling up or down as circumstances change.

Overall, I expect 2024 to be a better year for hiring than the previous year unless we encounter another global pandemic or major global crisis.

If I had to pick a main theme for 2024, it would definitely be "Job Stability is a Top Priority". That's what most job seekers will be going for in the first half of the year.



3. Artificial Intelligence in Recruitment

AI isn't just a tool for job seekers to improve their cover letters and write outreach messages; recruiters are also heavily relying on it. In 2024, expect to see more AI-driven processes in recruitment, from basic resume screening to initial communication stages.

Chatbots might be the first entity you interact with when applying for a job, and AI algorithms could play a significant role in shortlisting candidates.


For job seekers, it's important to make sure your resume is AI-friendly. And by that, I don't mean the kind of scam deals you might see soon from some coaches who promise you a fancy new AI-friendly resume template that will beat AI.

What I mean is, use clear and straightforward language, and include relevant keywords that match the job description. Using colorful and extravagant Canva resume templates might not be the appropriate approach.

Additionally, be prepared for AI-driven interviews, where algorithms may analyze your responses before a human recruiter reviews them.


4. Rise of Automated Job Applications

You might be discouraged by the crazy high numbers of job applications you saw on LinkedIn ads when you applied, which I explained in the previous article. But brace yourself, because you're going to see even higher numbers in 2024!

You know who's to blame? Automated job applications! They're the real culprits behind all this!

Imagine shooting your resume to a hundred companies with just a single click. Sounds efficient, right? Well, welcome to the age of automated job applications!

With rise of technology, it's become super easy for job seekers to apply to multiple positions at once. From auto-filling application fields to sending out hundreds of job applications within minutes—tasks that would normally take hours or even days can now be done in under sixty minutes.

However, there's a flip side. As the barrier to applying lowers, companies are now flooded with applications for every open position. This deluge can make it challenging for your application to stand out, turning the job-hunting game into a numbers race.

But don't worry! At the end of the article, I've got some tips on how you can stand out in this competition.


5. Remote Work Evolves into Hybrid Models

Remote work is here to stay, BUT here's the thing: while remote work offers many advantages, it's not all sunshine and rainbows.

That is why many companies are moving towards hybrid models, combining the best of both worlds. This means splitting time between working remotely and in-office, providing flexibility while maintaining a sense of community and collaboration. Of course, this setup won't work for those who are fully remote or love the flexibility that remote work offers.

In 2024, companies will prioritize productivity and teamwork even more than before, and it seems that having team members scattered across different locations is not yielding the expected results and innovation.

As a result, we can expect more companies to transition from remote roles to a hybrid model, where working in the office for 2-3 days becomes the new norm for a while, maybe the next year or two. I think three days has become the norm in many industries.


6. The Rise of Job Search Personalization

Just as personalization has become a staple in marketing and e-commerce, it's now making its way into the job search process. In 2024, job seekers can expect more personalized job recommendations and career advice based on their online activity, preferences, and previous applications.

To make the most of this trend, ensure that you’re clear about your job preferences, skills, and career goals. Engage with job search platforms, set up detailed profiles, and utilize AI-driven tools that can help match you with the right opportunities.

That's why your LinkedIn profile will play a crucial role in your job search in 2024. Having a resume is good, but LinkedIn and companies that scrape LinkedIn data will use your information to match you with job opportunities. If you haven't properly filled out and customized your LinkedIn profile, you'll miss out on job opportunities because recruiters won't be able to find your profile.


7. Upskilling and Continuous Learning

Gone are the days when a college degree was enough to last you an entire career. The rapid pace of technological advancement means that the skills needed in today’s job market are constantly evolving. Employers are on the lookout for candidates who demonstrate a willingness to learn and adapt.

So, what’s the game plan? Continuous learning. Engage in online courses, attend workshops, and seek out opportunities to acquire new skills. Whether it’s learning a new programming language, getting a certification in project management, or taking a course in digital marketing, showing that you’re committed to your personal and professional growth goes a long way.

Make you show off your new skills on your resume and LinkedIn profile. Employers are keeping an eye out for these keywords, and it could really help you stand out. Plus, LinkedIn's AI will use the info on your LinkedIn profile to recommend you to employers searching for new talent. So, make the most of it!


8. Employment Background Checks, Background Screening

Nowadays, many companies are striving to create inclusive and safe environments. To ensure they hire the right fit, they often rely on third-party vendors to conduct background checks.

If you Google your name and find it associated with hate crimes or criminal activities on the first page of Google or Google News, you'll likely face difficulties in finding a job.

The last thing companies want is to hire racists or someone who could disrupt their team dynamics. They prioritize maintaining a safe environment for all their colleagues. So, it's highly likely that you'll encounter some form of background check during the interview process at some point.

Another reason why companies will start implementing it is because of the rising number of scams and corporate espionage. In a world where technology has not only facilitated genuine remote work but also sophisticated fraudulent activities, the necessity for robust background verification has never been more critical.


The advent of AI and deepfake technologies has made it easier for individuals to fabricate identities, fake video interactions, and clone voices, making the virtual workspace a fertile ground for scams. A chilling instance of this is seen in a scam where thousands of fake remote IT workers channeled their wages to fund a North Korean weapons program.


These trends underline a grim reality; traditional background checks are no longer foolproof in the digital age when you can clone someone’s face and voice within seconds. As we step into 2024, more companies are anticipated to ramp up their background verification measures to navigate through the murky waters of online recruitment.

This will likely include a combination of advanced AI-driven verification tools, thorough vetting processes, and perhaps collaborations with global verification agencies to ensure the authenticity and integrity of the individuals they are bringing on board.


9. Spike of Job Scams

A sudden spike in job scams has become a growing concern recently, posing a serious threat to job seekers worldwide. With fraudsters using increasingly sophisticated tactics, unsuspecting individuals are falling victim to fake job postings, deceptive interviews, and fraudulent schemes.

With LinkedIn now implementing AI into their site, get ready to see an influx of so-called "experts" offering foolproof tips, guides, or services on how to outsmart this AI and increase your visibility. It will be the same story with ATS robot-proof resume templates, that we see on the market; the only thing that will change is that they will add “AI” into that.

Moreover, these "Top Voice" LinkedIn badges don't really help us determine if someone is truly an expert or just someone who has submitted a sufficient number of answers to AI-generated content on LinkedIn.

Get ready for the rise of paid content and training! Their sole purpose is to convince job seekers that they are the ultimate solution. Believe it or not, there are already plenty of people in the market doing just that, and what you see below is a perfect example.


Don't fall for these tricks, it won't help you stand out. When all those job seekers use the same messages, they just end up looking like clones and even come across as scammy to many recruiters. Trust me, being unique will make you shine in the market much better than wasting your hard-earned money on those scammy training and tips.

Job seekers must stay vigilant and informed, equipping themselves with the knowledge and tools necessary to identify and avoid these scams. By understanding the red flags, conducting thorough research, and verifying the legitimacy of opportunities, individuals can safeguard themselves against falling prey to these malicious practices.


Job Search 2024

That was a lot, wasn’t it? But navigating the 2024 job market doesn’t have to feel like rocket science. Yes, AI is playing a bigger role, and yes, the influx of automated applications has created more noise. But remember, at the end of the day, companies are looking for genuine, passionate individuals.


Embrace the change, use the technology to your advantage, but don’t forget the human touch. Network, build relationships, and showcase your authenticity. The job market may be evolving, but your unique qualities? Those are timeless.

So, gear up, stay positive, and remember: you’ve got this! The 2024 job market is ready for you, and with these tools and tips in hand, you’re more than ready to conquer it.

Happy job hunting!



Source:   https://newsletter.jobsearch.guide/p/job-search-2024

June 12, 2024
Middle managers are arguably the backbone of any organisation. But the job can be a tough one. Here’s how HR can help. Middle managers are working in increasingly hybrid workforces , often geographically dispersed and requiring more flexibility than ever before. Amid a cost-of-living crisis, social and political challenges , and the long-tail mental health impacts of the pandemic, employees are coming to work seeking support for personal issues from their managers. Middle managers are also expected to do more with less, such as boosting productivity in organisations battling employee shortages and wellbeing issues. It’s a lot to contend with on top of making it through their own workloads. The unrelenting pressure of working in middle management led Paul Farina towards unhealthy over-working habits . He spent a decade in the cosmetics and retail sectors in Australia and the UK, managing teams and clients across various time zones. Working around the clock was common. He would barely get home from a long day in the office when his boss would call, asking for a debrief from the day. Rather than speak up and admit it was too much, Farina handled the pressure by working harder and longer, and turned to alcohol to cope with the stress. “When you’re in middle management, you’ve always got a boss needing monthly and quarterly budgets to be hit, projects to be met by deadline and things to be completed within budget, and all that pressure gets funnelled down to you,” he says. “I needed to take those directives and deliver on them while simultaneously plugging gaps and vacancies, all the while toeing the company line even when things were less than perfect in the field.” This dynamic meant he was constantly looking for ways to appease others, often taking work off his team and doing it himself. “There’s an emotional side to working in middle management as well, which comes from this feeling of being emotionally isolated and not being able to share that with anyone. “You feel like you’re being held hostage by your staff as well because you don’t want to lose them, which leads to isolation. If I didn’t have a couple of buddies in the trenches with me that I could trust, I would have been in a lot of trouble. We’ve all got to pay the mortgage, and, at the time, I wasn’t in a situation to just up and quit.” Eventually, Farina did quit, navigating his way into a role where he now counsels others in middle management. Looking back, he admits he didn’t have the education or strategic thinking to deal with the pressure. “I had nothing in my toolkit at the time. I should have been more assertive, and I should have held senior staff coming at me with constant demands to account. I should have learned to say ‘no’. “I don’t recall saying ‘no’ to anything or anyone, which means I was constantly appeasing staff and external stakeholders.” He believes the pressure on middle managers was amplified during the pandemic years. “Budgets are down and organisational hierarchies have become even flatter. Middle managers are carrying a lot of that load. “When you get under the hood, most organisations have a lot fewer people in them than you might assume.” Middle managers are feeling the strain on their mental health The complex work of middle management is all taking a toll on this cohort’s mental health . Not surprisingly, more than half of middle managers (53 per cent) are feeling stressed or burned out and 46 per cent are experiencing anxiety, according to the Indeed 2023 Workplace Wellbeing Report . Middle managers also feel neglected and lack essential leadership, communication and people management skills, found research by the Australian Institute of Management and Monash University. It indicated that middle managers are therefore significantly underperforming despite their key role in corporate ranks. But this doesn’t necessarily reflect a lack of capability. Many haven’t been adequately trained to deal with these added pressures, or don’t have the bandwidth to respond appropriately to the competing pressures put upon them. “We need to acknowledge that individual contributors promoted to middle management don’t come automatically equipped with the management skills needed to thrive in their role.” – Kade Brown, Workforce Solutions Director, RMIT Online Reducing friction points for managers Bolstering middle managers’ capabilities needs to be a key priority for organisations. Effective middle managers are able to reduce friction points at work, accelerate action and help an organisation work towards its goals. The challenge of balancing the fiscal needs of a business, managing cost and maximising profits means there is a huge under-investment in leadership capabilities, says Lorraine Farah FCPHR, Director of Leaning Forward. She wants to see organisations drag middle managers out of the weeds of work where they are often overworked and under-resourced. “Senior leaders underestimate the impact their [managers] have throughout their organisation,” she says. “The shadow they cast by the behaviours they demonstrate impacts not only engagement, but, importantly, all aspects of delivery of the business outcomes.” Coupled with this, managers and leaders often deprioritise development and training in their already over-committed roles and seem unwilling to find time to upskill, she says. As well as time constraints, she lists three main issues holding middle managers back from utilising their full potential: A lack of commitment from leaders to prioritise managers’ development as a core capability. Structurally, the span of control of middle managers often sees them stretched too thin. They have too many direct reports, combined with complex processes, leaving them burnt out just trying to get the job done. Managers aren’t usually rewarded for being a good manager. It may be acknowledged, yet it’s not always encouraged nor rewarded in a way that delivering on business results is. Managers will focus on what is measured and rewarded, and make choices on which work to prioritise when pressed for time. Farah wants to see commitment at an executive level to consistent, non-negotiable leadership development for middle managers. For example, providing access to leadership development topics right in the moments they need it most – such as how to conduct performance reviews, manage conflict , create space for innovation, seek and provide feedback , etc., in addition to established leadership programs. This just-in-time training approach helps keep learning highly relevant for middle managers, so they are able to bake it into their workflow rather than viewing their upskilling as separate to their work or as an addition to their to-do list. Research from McKinsey & Company shows that companies that invest in their human capital yield more consistent earnings through times of crisis. In fact, organisations with effective middle managers in the top quartile produced up to 21 times greater total shareholder returns than others in lower quartiles, according to 11 measured management practices used to define an organisation’s health. “The correlation between trust and the relationship between employees and their direct manager is strong and leads to better outcomes,” says Farah. How technological development will impact middle managers While the role of middle managers will continue to evolve with technological advances, it’s unlikely the layer will disappear entirely, says executive coach Smita Das Jain. However, the specific responsibilities of middle managers will evolve alongside the adoption of technology as routine tasks and administrative duties are automated . “Organisations [should] stop and take stock, and adopt technology to automate many of the tasks middle managers perform, such as training, employee performance, generating reports and making decisions,” says Jain. This frees up time for middle managers to focus on higher-level strategic planning and decision-making, she says. Rethinking traditional managerial roles As organisations shift and become more complex, middle managers may become more vital than ever, says Murat Tarakci, Professor of Innovation Strategy at the Rotterdam School of Management, Erasmus University. He cites findings that attribute 22 to 30 per cent gains in productivity and innovation to effective middle management. In a separate academic paper he recently published, he illustrates the challenges middle managers face by quoting one middle manager at phone company Nokia admitting: “We knew the iPhone was coming out about a year in advance. We had pretty good specifications for it. The CEO forwarded the email to his subordinates, writing ‘Please take action on this’. Yet, middle managers folded, and opted to sugar-coat the stalled process, causing Nokia to lose the competitive battle for smartphones.” “Middle managers are constantly coping with, adapting to, or even resisting contradictory demands and pressures,” says Tarakci in his paper. “As new technologies emerge, rivals flood one’s turf and customer preferences reposition… these shifts require rapid and effective organisational responses to adapt to an ever-changing environment,” says Tarakci. While changes in the business landscape often necessitate extra support for middle managers, the simple elements of work can also create friction points. For example, an excessive number of direct reports can overwhelm managers, hindering their ability to provide adequate coaching and guidance, says Kade Brown, Workforce Solutions Director at RMIT Online. “Conversely, too few direct reports may indicate inefficiencies or questionable promotions, leading to underutilisation of managerial talent,” he says. Empowering managers to focus on the right tasks is critical, he says. This involves identifying and streamlining low-value bureaucratic activities, leveraging automation and outsourcing where applicable. “By reducing administrative burdens, middle managers can allocate more time and energy towards fostering a supportive environment, nurturing talent and addressing the needs of their teams,” says Brown. “We need to acknowledge that individual contributors promoted to middle management don’t come automatically equipped with the management skills needed to thrive in their role. They require intentional and targeted upskilling in three key areas: business acumen, structured problem-solving and people leadership.” As such, middle manager upskilling initiatives shouldn’t focus just on theory, but on embedded practice and behaviour change. “It’s imperative to design or procure upskilling solutions that enable managers to integrate new skills seamlessly into their current world of work,” says Brown. This strategic realignment enables managers to focus on driving impact and promoting a culture of engagement and growth within the organisation. “The pace of change, disruption and transformation in the world of work isn’t going to decelerate any time soon,” says Brown. To alleviate the cognitive load on middle managers, the best thing we can do is to equip them with the tools and skills they need to cope with this new reality. This article was first published in the April/May 2024 edition of HRM Magazine. Source: https://www.hrmonline.com.au/culture-leadership/how-can-organisations-support-middle-managers/
June 12, 2024
Introduction: What Is Executive Coaching? Executive coaching is a development process that involves a series of one-on-one interactions between a coach and a client , who is typically a manager or executive in an organization. The goal of executive coaching is to equip individuals with the knowledge and opportunities they need to develop themselves and improve their performance. Executive coaches work with clients to understand their current competencies , see how they’re perceived by others, and focus on identifying and clarifying current goals as well as the appropriate action steps. They provide a safe, structured, and trustworthy environment in which to offer support for the individual. Executive coaching is action-based , focusing on altering a client’s thinking and encouraging tangible work and behavior changes. It can be used at any stage of a leader or manager’s career to help maximize their potential . The process typically involves assessment, feedback and development, and planning and implementation stages . It can help improve a variety of areas, including time management, identifying priorities, driving strategy, maximizing critical thinking, and defining a powerful vision for the business . In Ontology of Value, we offer executive coaching and we believe that working with us will bring you hundredfold returns! Types of Executive Coaching. Executive coaching services come in various forms, each designed to address specific needs and situations. Here are some of the main types: Performance Coaching Services: This traditional form of coaching is often brought in by senior managers and HR to enhance the performance of individuals or teams. Executive Coaching Services: This type of coaching is specifically for top management, such as CEOs, CFOs, and Presidents . It focuses on updating their skillsets in specific areas that can have a long-term impact on the organization. Leadership Coaching Services: Leadership coaches work with individuals to improve their ability to lead and manage others effectively . Career Coaching Services: Career coaches help individuals identify their passions, strengths, and limitations , and then map out a strategy for a successful career change or advancement. First 100-Days Coaching Services: This type of coaching is designed to support leaders in their first 100 days in a new role , helping them to navigate the transition and establish effective leadership practices. Small Group Coaching Services: This form of coaching involves working with small groups to enhance team performance and dynamics. Large Group Coaching Services: Large group coaching is used to address issues and enhance performance at a larger scale within the organization . Strategic Coaching Services: Strategic coaches work with top executives in defining the long-term direction and putting together a long-term strategic plan . Therapeutic/Emotionally Curative Coaching Services: This type of coaching focuses on addressing emotional challenges that may be impacting an executive’s performance. Integrated Coaching Services: Integrated coaching embeds coaching sessions into a leadership development program , reaffirming and reinforcing lessons learned in leadership training. Team Coaching Services: Team coaching focuses on improving the performance and dynamics of a team within the organization. Virtual Coaching Services: Virtual coaching is conducted online , providing flexibility and accessibility for the coachee. Each type of executive coaching has its unique benefits and is used based on the specific needs and goals of the individual or team. How To Find an Excellent Executive Coach? Don’t look at the pricing but at the experience and testimonials. Finding an excellent executive coach involves several steps and considerations. Here are some key points to guide you through the process: Understand the Coach’s Niche and Area of Expertise: It’s important to ensure that the coach has expertise in your industry and understands the unique challenges you face . A coach who specializes in your field will be more equipped to provide relevant advice and strategies. Check the Coach’s Experience and Credentials: Look at the coach’s background , their coaching experience, and their success stories. Check their credentials and whether they have kept their knowledge up to date. Consider the Coach’s Approach and Style: Every coach has a unique style and approach to coaching . Some may be more directive, providing specific advice and strategies, while others may be more facilitative, helping you to find your own solutions. It’s important to find a coach whose style aligns with your needs and preferences. Look for Key Qualities: Good executive coaches possess certain qualities such as emotional intelligence, excellent communication skills, professionalism, and a personalized approach . They should be good listeners, able to provide constructive feedback, and committed to helping you achieve your goals. Ask for Recommendations: You can ask your trusted colleagues and peers for recommendations . They may have worked with a coach in the past and can provide valuable insights. Schedule a Chemistry Session: Before deciding on a coach, it’s a good idea to have a “chemistry session” or initial consultation . This will give you a chance to see if you feel comfortable with the coach and if their approach aligns with your needs. Check for Accreditation: Ensure the coach is accredited by a recognized body . This ensures they have met certain standards of competence and professionalism. Consider the Coach’s Commitment to Continuous Learning: The best coaches are those who are committed to their own continuous learning and development . They stay on top of the latest trends and best practices in their field. Evaluate the Coach’s Success Stories: L ook at the coach’s past success stories and testimonials . This can give you an idea of their effectiveness and the results they have helped others achieve. Ensure Confidentiality: Confidentiality is crucial in a coaching relationship . Make sure the coach has a clear confidentiality policy. Remember, the best coach for you is one who understands your unique needs, challenges, and goals , and who can provide the support and guidance you need to achieve them. Examples of Famous People Who Work With Executive Coaches. Several famous individuals across various fields have worked with executive coaches to enhance their skills, leadership abilities, and overall performance. Here are some examples: Eric Schmidt, Former Google CEO, was coached by Bill Campbell . Bill Gates, Founder of Microsoft, also received coaching from Bill Campbell . Oprah Winfrey, renowned media executive and talk show host, has employed the help of a coach . Richard Branson, Founder of Virgin Group, was coached by Mark C. Thompson . Bill Clinton, Former US President, was coached by Anthony Robbins . Brian C. Cornell, CEO of Target Corp., was coached by Marshall Goldsmith . Marc Benioff, Founder & CEO of Salesforce, has also worked with an executive coach . Steve Jobs, Co-founder and CEO of Apple, had a coach during his tenure . Sheryl Sandberg, COO of Facebook, has had business coaching . Jeff Bezos, Founder of Amazon, has also worked with a coach . Barack Obama, Former US President, worked with John Mattone, one of the top executive coaches in the world . These individuals recognized the value of executive coaching services in their personal and professional development, demonstrating that even those at the top of their fields can benefit from the guidance and insight provided by a skilled coach. Source: https://ontologyofvalue.com/unlocking-leadership-excellence-the-power-of-executive-coaching-2/
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