{"id":59266,"date":"2024-10-17T15:35:59","date_gmt":"2024-10-17T19:35:59","guid":{"rendered":"https:\/\/www.iwillteachyoutoberich.com\/?p=59266"},"modified":"2025-05-14T19:45:40","modified_gmt":"2025-05-14T23:45:40","slug":"employees-job-market","status":"publish","type":"post","link":"https:\/\/www.iwillteachyoutoberich.com\/employees-job-market\/","title":{"rendered":"What To Do In An Employee\u2019s Market Versus An Employer\u2019s Market"},"content":{"rendered":"\t\t
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More than 4 years ago, I was giving advice on <\/span>finding a job in an employer\u2019s market<\/span><\/a>. Right now, things have changed significantly and workers are in the best position they\u2019ve been in years. Businesses are hiring more than ever, and you have real leverage to command better pay and better working conditions\u2013all of which are pointing towards an employee\u2019s market<\/span><\/p>\n

In an employee\u2019s market, opportunities abound and smart moves can mean significant rewards like $10,000+ raises, more flexibility, and better job security. In this post, I\u2019ll show you how you can maximize your opportunities in an employee\u2019s market.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Get A Strong Raise<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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We recently conducted a survey that revealed that <\/span>70% of Americans say they don\u2019t earn enough money<\/span><\/a>. 70%!<\/span><\/p>\n

But you have the power to increase your salary right now. I\u2019m talking about BIG numbers.<\/span><\/p>\n

A recent report from the Bureau of Labor Statistics showed that \u201c<\/span>1 in 7 US businesses raised wages in 2021 because of the pandemic<\/span><\/a>.\u201d About 5% of businesses also paid temporary or permanent wage premiums, one-time bonuses, referral bonuses, and more.<\/span><\/p>\n

Need proof? Take a look at a few of the responses I received when I asked my <\/span>Twitter followers<\/span><\/a> to share if they\u2019ve gotten a $10k raise in the last 12 months. (I got so many responses that I had to delete the tweet!)<\/span><\/p>\n

Here\u2019s a story from Nicolle G.:<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\u201cI was interviewed on my maternity leave. I was offered the job within 2 weeks of my initial interview. It is currently work from home, which is great and allows me to spend a lot of time with my new baby. My last job \u2026 I had made just about $36,000. My salary now is just over $57,000 \u2014 plus way better benefits. To add the cherry on top, I\u2019m eligible to earn just over $69,000 after one year at this job.\u201d<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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All $10k+ raises. All within the last 12 months.<\/span><\/p>\n

If it\u2019s possible for them, it\u2019s possible for you.<\/span><\/p>\n

This is the power of being in an employee\u2019s market. YOU have the leverage. Learn how to <\/span>negotiate a gigantic salary increase<\/span><\/a> and start enjoying the perks.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Request More Work Flexibility<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Companies are also bending over backward to offer perks like flexible work arrangements. If you want to <\/span>work from home<\/span><\/a>, reduce hours, or even shift your schedule, now is the time to ask. Employers understand that to retain talent, they need to offer more than just a paycheck. You can negotiate different types of flexibility, including:<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Remote Work<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The shift to remote work is one of the biggest changes in the modern job market. Whether you want a full-time remote position or a hybrid setup that allows you to work from home part-time, now is the perfect time to request it. Employers are increasingly open to these arrangements to keep talent engaged and happy. <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Flexible Hours<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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If your schedule is more important than location, consider negotiating flexible hours. This option lets you adjust your work hours to <\/span>fit your lifestyle<\/span><\/a>, whether that\u2019s starting earlier, working four-day weeks, or customizing your daily schedule. <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Part-Time Options<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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For some, working fewer hours while maintaining their position is the ultimate goal. If this is what you\u2019re seeking, now is the time to ask. Part-time work arrangements allow you to reduce your hours while keeping the security and benefits of your role.<\/span><\/p>\n

It\u2019s clear that employees are prioritizing flexibility, and businesses are responding in order to keep their best talent.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Look For A Better Job<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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If you\u2019re not getting what you need from your current employer\u2014or just want to switch industries\u2014start looking elsewhere. The demand for workers is high, which means it\u2019s much easier to find a job that offers better pay, benefits, and flexibility.\u00a0<\/span><\/p>\n

Use this time to <\/span>polish your resume<\/span><\/a> and <\/span>cover letter<\/span><\/a>, <\/span>prepare for job interviews<\/span><\/a>, and <\/span>reach out to your network<\/span><\/a>. This way, you\u2019ll be prepared for when your Dream Job shows up.\u00a0<\/span><\/p>\n

According to a Pew Research Center study, <\/span>61% of workers who switched jobs in 2021<\/span><\/a> said it was easy to find a new position. And more than half reported getting better pay, more advancement opportunities, and greater flexibility in their new roles. Don\u2019t hesitate to take this step\u2014it\u2019s a golden opportunity.<\/span><\/p>\n

I encourage you to check out all of the free resources linked in this post. I get emails all the time from people who have used my free material to change jobs, get raises, or negotiate other perks. Want to go even deeper? My <\/span>Find Your Dream Job program<\/span><\/a> shows how you can use advanced negotiation power dynamics, including a script to guide you through the discussion.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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How An Employee\u2019s Market Is Different From An Employer\u2019s Market<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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In an employer\u2019s market, companies hold most of the power. More workers are competing for fewer jobs, making it difficult to negotiate higher pay or better benefits. However, in an employee\u2019s market, the balance shifts and the power moves into the hands of the workforce.<\/span><\/p>\n

That means that workers can quit their jobs, but then immediately move into a new job, often one with higher pay, better perks, or both. Here\u2019s what Secretary of Labor Marty Walsh <\/span>told Business Insider<\/span><\/a>: \u201cPeople are using their ability, their leverage right now to move into better-paying jobs.\u201d<\/span><\/p>\n

True, inflation does dampen some of the effects, but many workers are getting THOUSANDS of dollars in raises, enough to offset much if not most of rising inflation.<\/span><\/p>\n

Secretary Walsh added, \u201cWorkers are using their leverage in the labor shortage to get better pay. Walsh also pointed out that the most successful companies will be those who adapt to what employees want.\u00a0<\/span><\/p>\n

This power shift creates a unique opportunity for you to negotiate for more, whether it\u2019s better pay, flexible working conditions, or <\/span>additional perks<\/span><\/a>.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Take Advantage Of This Opportunity<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The current labor market won\u2019t last forever. If you want to secure a raise, find a better job, or get more flexibility in your career, now is the time to act. It\u2019s your moment to take control and build a career that truly supports your Rich Life.<\/span><\/p>\n

Want to make even bigger career moves? Check out our Ultimate Guide to Getting a Raise and learn how to maximize your negotiation strategies so that you can start getting paid what you deserve today!<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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