Jobseekers Note: How to Equip Oneself in a Competitive Job Market?

Each year Universities and Colleges are producing graduates that will add up to the growing number of job applicants and in addition to this the millions of workers who’ve lost their job because of this pandemic. What’s the indication of this in the job market? It means that the big number of job applicants are waiting in every job post of different job portal sites or should I say the competition is high for every job hunter.

To further discuss this, let us see first the number of job vacancies in major industries.

Fig 01

The figure above shows that out of 16,448 industries, the Services sector shares 75% of the highest number of total job vacancies followed by the Industry sector and Agriculture. Let us see the details of job vacancies under Services, Industry and Agriculture Industry.

Fig 02

In the figure above, shows that Wholesale and Retail Trade and Accommodation shares the highest number of job vacancies.

Fig 03

In this figure, we can see that the Manufacturing sector has the biggest share of job vacancy under Industry and from 1,147 total number businesses under Agriculture sector 262 listed that has a job vacancy.

Those different industries showed above and based on the nature of the business, are mostly looking for a technically skilled individual, or somewhat that have good communication skills and leadership skills.

To better compare the number of applicants to the number of jo vacancies, stacked bar charts (see Fig 04) to get insights on how many applicants are competing to a particular job vacancies.

Fig 04

Here we can see that clerical support has the highest number of job vacancies as of the time of the survey. To fill in the job vacancy it took 4–3 months on average as wee see in the figure below.

Fig 05

The hiring process took this long for some job positions because of the following reasons, see Fig 06.

Fig 06

As we can see in the figure, number one reason is that no/few applicants applied for the job, the reason for this is that maybe some of the job seekers applied for a job abroad to look for a better high paying job especially skilled worker. What I also want to highlight here are the number two and number five reasons which have something to deal with skills and competency. Skilled individual is one of the qualities that employers is looking to a candidate in the certain job positions.

So, the question is, how do we make ourselves employable and in demand in the job market?

From the the study that LinkedIn was made, “The Soft Skills Companies Need Most in 2020” they listed the top 5 soft skills that companies need most in 2020.

1) Creativity

Organizations need people who can creatively approach problems and tasks across all business roles, from software engineering to HR. Focus on honing your ability to bring new ideas to the table in 2020.

2) Persuasion

Leaders and hiring managers value individuals who can explain the “why.” To advance your career, brush up on your ability to effectively communicate ideas and persuade your colleagues and stakeholders that it’s in their best interest to follow your lead.

3) Collaboration

High-functioning teams can accomplish more than any individual — and organizations know it. Learn how your strengths can complement those of your colleagues to reach a common goal.

4) Adaptability

The only constant in life — and in business — is change. To stand out in 2020, embrace that reality and make sure to show up with a positive attitude and open-minded professionalism, especially in stressful situations.

5) Emotional Intelligence

Emotional intelligence is the ability to perceive, evaluate, and respond to your own emotions and the emotions of others. New to the most in-demand skills list this year, the NEED FOR EMOTIONAL INTELLIGENCE underscores the importance of effectively responding to and interacting with our colleagues.

1) Creativity

Organizations need people who can creatively approach problems and tasks across all business roles, from software engineering to HR. Focus on honing your ability to bring new ideas to the table in 2020.

2) Persuasion

Leaders and hiring managers value individuals who can explain the “why.” To advance your career, brush up on your ability to effectively communicate ideas and persuade your colleagues and stakeholders that it’s in their best interest to follow your lead.

3) Collaboration

High-functioning teams can accomplish more than any individual — and organizations know it. Learn how your strengths can complement those of your colleagues to reach a common goal.

4) Adaptability

The only constant in life — and in business — is change. To stand out in 2020, embrace that reality and make sure to show up with a positive attitude and open-minded professionalism, especially in stressful situations.

5) Emotional Intelligence

Emotional intelligence is the ability to perceive, evaluate, and respond to your own emotions and the emotions of others. New to the most in-demand skills list this year, the NEED FOR EMOTIONAL INTELLIGENCE underscores the importance of effectively responding to and interacting with our colleagues.

In this competitive job market, one way to differentiate ourselves is to stay on the cutting edge of the industry. One way of doing this is to take professional development classes, training courses for developing our kills (soft skills or hard skills) , and or maybe working on extra projects. Be a Life Long Learner!!

I used the 2017–2018 survey about the Integrated Survey on Labor and Employment of Philippine Statistics Authority for this post.

Please leave a comment about your thoughts about this post. Thank you.

Stay Safe! Stay Healthy!

Data Science Student | Free Diver