The Employee Market

Rise of the Candidate Market: Impact of the Great Resignation

Welcome to the rise of the “employee market.” An employee market is when there are more jobs to fill than people to fill the jobs. The technical terms are a Candidate Driven Market. A buyers market in real estate is very similar, houses are cheap because there are so many houses. In all my life, I did not think I would be reporting or talking about an “employee market” and here I find myself coining the phrase since no one is.

People being suddenly forced to work from home in the throes of the COVID disaster of 2020, gave people the time for their extracurriculars for the first time since the rise of the industrial age. This, along with the rent moratorium and stimulus money from the government allowed an opportunity for people who historically didn’t try new jobs. They suddenly found that their side hustle can make enough money for them to live comfortably.

Companies were not prepared and when they started to require their people back to the office, they quit. Why work for a company that requires a drive to work, losing hours of the day in getting ready and going to a job that is not worth that much effort? En masse people are leaving their jobs and finding jobs that will work with their requirements, working for themselves, and totally changing their trajectory.

As a result, employers are finding that they are having to pay more to fill vacancies, or having to leave vacancies open. Just today, I researched my own industry (digital marketing) after a phone call from a recruiter. I am consistently seeing a 50% increase in pay. Positions I looked at over six months ago are still vacant. I am shocked.

Comment below, your industry and the change on Google jobs. Is your position paying a lot more? Has your employer compensated you? If not, it’s a great time to look, after all it’s an employee market.

[J. Credence, Author, self-diagnosed Conspiracy Theorist, fact checker, researcher, wife, and mother of three boys, entrepreneur, and owner Mavenite.Media. Contact:  J.Credence@mavenite.media]