Job Market Crisis? (Ep 267)

The Job Hunting Podcast

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10d ago 52:32

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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

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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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