To put it shortly, employers market means that you as an employee are doomed. Why?
For every new position, employers receive tons of job application. How would they choose the right candidate? Yes, sure they can look at education and experience, but sometimes even that is not enough. They start using ridiculous criteria and stereotypes like: "his handshake wasn't firm enough", "he moved in this city to take care of sick father so he won't be able to concentrate on the job","he looks too desperate for the job", or "he looks like he is here only for the money not because he likes his job", "I don't like his zodiac sign", "he looks like a good candidate, but he is simply too old"
Consequently some groups of people have it really hard to find a job. They are either too old, too young, no experience, no good social skills, or in other words: "They are not perfect!".
We all know markets are about supply and demand, right? On job market today there is a large supply of workers and low supply of jobs. For every job there are plenty of candidates applying, and unemployment is high.
Consequently, market is not in balance. One side has more influence on the market than the other side. One side dictates the terms of the market, because they have the advantage. Employers are not only in advantage but they have full control. They set up the rules, and future employees have to obey.
What are the consequences?
1) Low pay
In discrepancy between supply and demand price is the first to suffer. If demand is too high, price is expensive. If demand is too low, the price is low. Salary is the price of you selling your work to employers. Consequence: yes, your salary gets lower in employers' market.
In discrepancy between supply and demand price is the first to suffer. If demand is too high, price is expensive. If demand is too low, the price is low. Salary is the price of you selling your work to employers. Consequence: yes, your salary gets lower in employers' market.
You are easy to replace. There are plenty of people who would work in your place for less money. And all of them are equally if not more capable to work on your job.
2) Employers become extremely picky
For every new position, employers receive tons of job application. How would they choose the right candidate? Yes, sure they can look at education and experience, but sometimes even that is not enough. They start using ridiculous criteria and stereotypes like: "his handshake wasn't firm enough", "he moved in this city to take care of sick father so he won't be able to concentrate on the job","he looks too desperate for the job", or "he looks like he is here only for the money not because he likes his job", "I don't like his zodiac sign", "he looks like a good candidate, but he is simply too old"
Consequently some groups of people have it really hard to find a job. They are either too old, too young, no experience, no good social skills, or in other words: "They are not perfect!".
3) Your professional skills and career stagnate
We all know that in order to compete on the job market, a person needs to constantly improve skills. Life-long learning and similar stuff. You have to keep up with changes in technology, with new trends, multitasking, flexibility and etc...
But on employers' market you should be lucky that you have a job. You often end up on a job where you can't improve your skills. You are underemployed, you are not using your full potential, you are not challenged, you learn nothing. There is an option to improve your knowledge on your own free time but day last only 24h. Your commute might be too long, you have to reduce social and family life, you have to spend extra money on investing in yourself even though your salary is shrinking, you are under stress and can't concentrate..... Fact is that the older you are, it would be harder for you to improve your skills. Family will take your time, your health doesn't let you work and study 12 hours per day, your mental capacity is not so strong... Losing couple of years on a lousy job will mark you forever. The next job would be lousy again (because you don't have skills) and you can say good bye to your career.
We all know that in order to compete on the job market, a person needs to constantly improve skills. Life-long learning and similar stuff. You have to keep up with changes in technology, with new trends, multitasking, flexibility and etc...
But on employers' market you should be lucky that you have a job. You often end up on a job where you can't improve your skills. You are underemployed, you are not using your full potential, you are not challenged, you learn nothing. There is an option to improve your knowledge on your own free time but day last only 24h. Your commute might be too long, you have to reduce social and family life, you have to spend extra money on investing in yourself even though your salary is shrinking, you are under stress and can't concentrate..... Fact is that the older you are, it would be harder for you to improve your skills. Family will take your time, your health doesn't let you work and study 12 hours per day, your mental capacity is not so strong... Losing couple of years on a lousy job will mark you forever. The next job would be lousy again (because you don't have skills) and you can say good bye to your career.
4) Working conditions get worse and you have nowhere to go
On employers' market they get pickier while you are happy to even have a job. You might think that the job doesn't suit you. You might hate your boss. You are probably working longer hours. And more... But you can't leave. There is nowhere to go. Even if you try to find a better job, there is possibility that it will be as bad as current one. No choice for you, but lot's of choice for employers.
On employers' market they get pickier while you are happy to even have a job. You might think that the job doesn't suit you. You might hate your boss. You are probably working longer hours. And more... But you can't leave. There is nowhere to go. Even if you try to find a better job, there is possibility that it will be as bad as current one. No choice for you, but lot's of choice for employers.
0 comments:
Post a Comment