This year is shaping up as an excellent time for many workers to grab better job opportunities, secure better pay packages, ask for additional benefits and perks, and ride out this wave before it fizzles out.
If you’re going to look for a job in 2022, adjusting your actions with these trends in mind might give you a quicker and easier result:
1. Online job search is now dominated by Artificial Intelligence. All recruiters and most companies now screen candidates into a competition with algorithms searching for keywords and other data on your application or resume. This means it is not a human being but a machine that is deciding if you are worth time and effort to interview. You may be a perfect candidate in terms of your experience and skills but if you don’t know how to get through the AI portals with a green light, then you will not make it to the next step.
2. There is an acute labour shortage in many sectors. The pandemic has produced a lot of job churn in some organizations, e.g., when older workers take early retirement or get recruited into better jobs, or when younger workers leave for family reasons or to find better jobs. This means that you can look for opportunities with your current employer, even a lateral move but ask for higher pay. It also means that new graduates should target preferred employers and ask for higher pay and perks than they could expect previously in a tighter job market.
3. Negotiating higher salaries and benefits is becoming normal for workers with significant experience as employers are more willing to negotiate to retain talent and experience. Perks and benefits have expanded to include not only health care but parenting leave, family planning, childcare support, and flexibility in terms of hybrid office/home employment.
4. Remote work has its pros and cons. Some organizations are indeed offering competitive salaries to workers who live in different geographic locations than head office. However, once this war for talent calms down, workers may find their employers reducing pay scales to level the pay gap between geographic locations or lower salaries in general by hiring more global talent working from developing countries.