PROVIDENCE, RI / ACCESSWIRE / July 23, 2021 / Browning Associates Reviews:
According to John Seraichyk, Founder of Browning Associates, an executive career consulting firm in Providence, Rhode Island, the post COVID executive job market is better than we've seen in years.
Could There be More Jobs than Executives to Fill Them?
This is one of the hottest summer job markets I've seen in thirty years says Seraichyk. That's the good news. However, once summer begins, executives are on vacation. The hiring manager is away. The human resources professional conducting the interview process heads to the beach, followed by the comings and goings of other focal people involved in the onboarding process. Furthermore, after being fastened indoors for over a year, it's an inevitable inference that people can't wait to travel. There is now a frantic dash to go somewhere, anywhere, as long as it's not staying home. Because hiring is at all time high and execs are simply checked out in the sunshine, there seems to be more jobs than qualified executives to fill them. Wow, haven't seen this in decades says Seraichyk...
The Summer/Fall Job Market Will continue to Boom!
According to the Bureau of Labor Statistics (BLS), employers Added 850,000 Jobs in June. The highest gains came in leisure and hospitality, retail, and educational services as the job market continues to recover from its pandemic slumps. Seraichyk says this is good news for senior management and senior executives seeking new employment. As employers continue to add jobs, certainly the likely manifestation would be a greater need for experienced, tenured executives to manage these growing workforce segments.
As previously reported in another article from Browning Associates released on 7/12/21, The BLS reports Approximately 218,300 openings for top executives are projected each year, on average, over the next decade. Seraichyk predicts this year and next will beat those predictions by a long shot. The high pay and prestige associated with these positions attract many qualified applicants. In addition to those arising from growth, openings are expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as to retire, which, as stated herein-above, is on the rise due to Baby Boomers beginning to reach retirement age.
Advice For Executives
Seraichyk says, If you've been contemplating a career move, now is a great time to blow the proverbial dust off your resume, tune up your network and at the very least, toss your hat in the ring.
SOURCE: Browning Associates
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