Job Market Predictions for the Next 3 Months 2021


Job Market Predictions for the Next 3 Months 2021

One minute, we were scared, doubtful and anxious.

But, all of that is begging to change.

In the last month, here’s what went down:

  • Almost all of the UK have had their first vaccinations and the second dose has comfortably rolled out.

  • Restrictions lifted. We were able to go for meals; go to events; see our friends and families.

  • Venues and offices renovated to ensure the public and employees were safe to come in.

  • Airlines reopened, flying millions of holiday-goers and business people to their destinations.

  • People left jobs, left hometowns and left the nightmare behind to start a new beginning elsewhere.

What does this all mean for the economy and the job market? Let’s find out.

1. Job loses and Graduates

After all of the layoffs and hardships, it's time to talk about finding a new job or switching careers.

For those graduating in 2021, they are also up against graduates from 2019 and 2020 who haven't had a chance because of Coronavirus.

And, new data from iCIMS found that this year’s graduates have mostly rejected the idea of virtual work. Nearly 2/3’s of college seniors are hoping to work in-person and in an office for their first role. 80% have confidence that an in-person job interview would help them to perform better.

Marketing and Communications roles are on-demand and predicted to rise as well.

Recruiters, watch these spaces and make time for graduates.

2. The Summer

As the summer starts, hiring is going to slow down. It’s alway been the way!

People are more concerned with holidays, catching a tan and attending long-awaited events. And, fair enough!

Either the hiring manager, HR professional or recruitment clerk is away. You’re likely a down  man each week and this creates gaps in the recruitment process. 

The pivotal people are away and things go wrong or take longer than usual. 

So, expect that in the coming months. 

3. Candidates demand more

Even though things are slightly more normal, there is still fear in the air.

People want to go on to new things or get promoted, but those who care for a member of their family, they worry that if the virus returns - they will have to leave their jobs. 

For example, when schools closed on multiple occasions, it was predominantly mothers who felt pressured to quit their jobs and take on school/care work full time.

To ease their anxieties of the future, a hybrid/flexible working schedule is in demand for a lot of jobseekers and current employees. Commuting to the office 5 days away and not returning until 6/7 PM is no longer desirable or practical for a large percentage.