Episode 267
Job Market Crisis? (Ep 267)
Episode 267 - 2024 Was the Toughest Year for Job Seekers and Recruiters in Decades – with Geoff Slade
As a career coach, I’ve spent years guiding corporate professionals through the ups and downs of job searching, but 2024 is proving to be one of the most challenging years I’ve ever witnessed. During a recent conversation with Geoff Slade, a recruitment veteran with over five decades of experience, it became clear that this is not just another cyclical dip in the market. This year feels unprecedented in both its difficulty and unpredictability.
What we’re seeing is a job market that’s simultaneously contracting in certain sectors while shifting toward new priorities in others. Job ads are down 13% overall, with the ICT sector seeing a shocking 23% decline. Banking, traditionally a stalwart in corporate hiring, is also feeling the pinch. So where does this leave the corporate professionals I work with—those in their 40s, 50s, and 60s, who have always been able to rely on their expertise and experience to secure their next role? Unfortunately, many of them are finding that the old rules no longer apply.
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Timestamps to guide your listening:
- 00:21 Reflecting on the Job Market in 2024
- 01:59 Live Audience Interaction
- 03:33 Challenges and Trends in Recruitment
- 07:54 The Impact of Remote and Hybrid Work
- 13:38 AI and Technology in Job Applications
- 23:15 Recruitment Assessments and References
- 29:05 Navigating Reference Checks
- 32:13 Preparing for 2025: Challenges and Hopes
- 34:16 Key Skills for Job Seekers
- 35:12 Leveraging LinkedIn and Internal Mobility
- 36:18 Research and Preparation for Job Interviews
- 40:00 Adapting to Industry Changes
- 46:09 Creating Job Opportunities in Tough Times
- 47:54 End-of-Year Job Search Tips
- 49:40 Concluding Thoughts and Future Outlook
Links mentioned in this episode:
- Episode 217 - How to job search in 2024: An expert's view on the job market and recruitment trends, with Geoff Slade
- Episode 163 - How to Job Search in 2023: An Expert’s View on the Job Market and Recruitment Trends, with Geoff Slade
- Episode 52 - Has COVID-19 Derailed Your Career? Interview With Recruitment Expert Geoff Slade
- LinkedIn Audit
About the host, Renata Bernarde
Hello, I'm Renata Bernarde, the Host of The Job Hunting Podcast. I'm also an executive coach, job-hunting expert, and career strategist. I teach corporate, non-profit, and public professionals the steps and frameworks to help them find great jobs, change, and advance their careers with confidence and less stress.
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