Reflecting on 2021, the job market took a ton of twists and turns. Companies calling the shots in the job market started to struggle to retain and hire talent. The Great Resignation began, and they’re still seems to be no end in sight.
Candidates are finally on top in the job market, with the ability to choose a position that is the best fit for them and get all of the benefits they want and need. 2021 was a primitive time for talent to start looking for new jobs, but we predict that 2022 will be just as successful for talent.
We suggest if you are thinking about looking for a new position, you jump on it now before it is too late. Companies are allocating new budgets for 2022, which most likely means they have more budget to hire talent.
Agencies are willing to pay more for talent than ever before because of a few reasons. The first is due to the Great Resignation forcing companies to pay a premium for talent because if they didn’t, they would lose a new hire or their current employees.
The second reason is due to the rapid increase of inflation in 2021. From October 2020 to October 2021, inflation increased by over 6%. Parallel to the Great Resignation, businesses have to keep up with inflation and pay rates equal in value to candidates.
Another reason we believe that 2022 will be the year for hiring is based on the poll we conducted. We posted a poll to Clutch’s LinkedIn and asked LinkedIn users if they were looking for a new job in 2022. 78% of respondents said they are actively looking for a new job in 2022.
As long as the market conditions stay the same, we can say that this is the perfect time to look for a new position. Companies are desperately looking to fill talent, and they are willing to pay, and if more people than not are searching for a new job, that means even more positions will become available.
If you are looking for a new job, we are the perfect resource for you. Get in touch with our recruiters today by visiting our website. We wish you the best of luck on your job search!