Oct 152 min read

📣 3 Interesting Market Trends this year since it is almost year end!

1) The younger, the more hands on experience, the cheaper, the better!

More and more clients nowadays prefer younger, more hands on candidates (those who are already working in house rather than consulting firms such as Big 4)

✏ They want someone who can get their hands dirty once they onboard rather than training them afresh.

🧤 Of course they always want someone cheaper!

2) Are you overpaid or underpaid??

For the first time, I have clients reaching out to ask whether their staff is underpaid or overpaid – based on their experiences.

👔 If they are overpaid, they will start looking for a replacement.

If they are underpaid, they will consider a salary adjustment in the year end.

📫 In the past, usually candidates would reach out to me about this problem instead.

📫 In the past, during a good market from 2015 – 2019, no clients would worry about whether their staff was expensive or not given the business was expanding and growing!

3) Many of those who are being restructured or in between jobs are starting their own companies

✂ As we all know, there were many senior staff and MDs being restructured from the financial service industry.

👍 I have noticed more and more of them began their own ventures. I hope this would inject more creativity and movement into the economy!

💫 What other trends did you observe?

💫 Feel free to comment below!

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