Survive to 2025 – then what?
Today I spoke to a person who I placed into their first role in 1987 which must mean I have been in recruitment for 36 years.
That’s a long time and I am sure there are some out there that think it’s too long.
Putting it another way I have been working long enough in recruitment to experience 4 recessions.
Is this recession the worst, it certainly depends on who you talk to.
Listening to the economists it seems we still have a way to go yet.
The signs or green shoots feel tantalisingly close, lower inflation and decreasing interest rates but as we know these take time to filter through.
Consumer confidence remains low as people become more concerned about their jobs.
We are involved in a surge in business restructures currently with increased demand for our Outplacement Support and our Interview Coaching business is seeing a major lift in job seekers needing to improve their interview performance as the market becomes more competitive.
Labour costs and the Brain Drain
At Lawson Williams we sit in a privileged position alongside a wide range of businesses.
Our clients allow us to see the good and the bad as we assist them to identify future people for the business or support them to be understand how they can shape and position their business.
The Cost of Labour and Planning for the future
As expected, most companies are currently not recruiting unless they must. And regrettably, many see a further reduction in labour cost through restructuring to be essential for them to come through this and be able to reinvest and go again.
It does appear a reality that the increase in consumer confidence we are all seeking will rely on people seeing a growing economy not just reduced inflation and interest rates.
Unfortunately for this to occur it appears we will continue to feel the pain of unemployment into 2025.
The challenge for businesses at this time is to deal with the process of restructuring at the same time as planning for the future. What does the team need to look like in the future.
The Brain Drain – ouch, that hurts.
More than 81, 000 New Zealanders departed long term in the year to August.
We can’t afford to keep losing skilled workers in these numbers and stay competitive.
In 2025 we are forecast to be close to net-zero migration
Despite the increase in unemployment most of our clients struggle to fill specialist positions.
The smart businesses have a clear understanding of their work force. They know which positions are critical and who they need to keep. They know that now is the time to focus on creating the environment and conditions that retain employees.
In a job short market how do you stand out as a candidate?
With more candidates it the market it has allowed employers greater choice when it comes to select candidates to short list and interview.
As a candidate you need to ensure that your resume stands out amongst the rest and there is some point of difference between you and the others.
We are also seeing a skills gap in candidates interview skills and their preparedness either with us and also once they get in front of the employer. Preparing for interview isn’t just reading about what the company does but is thinking about what they may ask and put some thought into your style.
Creating a CV that stands out involves highlighting your skills, achievements, and experiences effectively to capture the recruiter’s attention. Here are key tips to make your CV exceptional:
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