Competition in the Job Market

August 23, 2011
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Unemployment is in the forefront of every American’s mind lately. With the national unemployment rate reaching over 9% and some

states seeing double digit rates, a majority of workers have already lost their job or are hoping they don’t turn into a statistic.

The unemployment rate may be daunting, but it doesn’t even include another large group of job-seekers. If you are on the job hunt, you are more than likely competing against other professionals that would normally be in the job market like

  • new college grads,
  • people searching for their first job,
  • people looking to switch careers or positions,

Companies are hiring, but there is more competition than ever. In 2005, a new college graduate may have gotten multiple job offers. Now, those graduates are moving back in with mom and dad.

An article at Msnbc.com shows the other side of the job market, the perspective of the hiring company. Some companies are getting hundreds, or even thousands, of resumes for a single position. While that may seem daunting, the problem from the company’s perspective, is that the volume of resumes doesn’t match the quality.

People are applying to jobs that they simply aren’t qualified for.

Hiring managers are swimming in resumes without a viable candidate in sight. One company interviewed in the msnbc article said resumes are so disappointing; many are filled with misspelled words and grammatical errors.

The number of people searching for a job makes people nervous, especially those looking for a job themselves. In an attempt to better their odds, they apply to every open position they see, even those they aren’t qualified for and may not even want.

What companies are saying is that they are looking for the same qualified and motivated employees they always were, and maybe more so. With less staff, new hires need to be especially qualified and motivated to get the job done.

If you are in the job market, don’t focus on the number of people competing for the same position, instead focus on the jobs you are most qualified for and would be the best fit for you.

Take the time to consider your unique skill set and only apply to those positions that will use those skills.

You can find the original article here: http://www.msnbc.msn.com/id/44177185/ns/business-us_business/#.TlOYgF39vh4

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