Job security? A question of perception

A career challenge? Not right now anyway! Job security is more important. That was the result of a survey on LinkedIn run by LeySelect in April 2021. In response to the question “How much has coronavirus impacted your willingness to change job?” 54 percent of the participants answered that job security was their main priority, stating that they would not even consider a change of job or have put off any plans until after the pandemic.

Personnel placement: assessing the risks and opportunities

Feelings of job security are established based on facts and an often intuitive weighing up of the risks and opportunities. As an HR service provider and recruitment company we too assess future viability when it comes to filling open positions – with regard to both our candidates and our clients. We take a structured approach to this: our aim is to ensure long-term satisfaction for all parties – that is our calling card. And so, we ask ourselves the following key questions:

  • How long has the company been on the market?
  • What are the growth areas?
  • What new products are in the pipeline?
  • Is the company benefiting from long-term trends?
  • Who are the company directors/board members?

Those are the key questions for us when it comes to recruitment and ensuring our candidates get the right information and companies get the best candidates – only once these questions have been answered can we ensure good recruitment matches and lasting prospects.

The Boston Consulting Group (BSG) recently published an interesting study demonstrating the impact of the global coronavirus pandemic on the employment market. From a global perspective, younger employees and those with less training were most heavily affected, but in Germany, it was a different story – there it was primarily older employees (50+) who were either forced into short-time or lost their job completely.

Career changers – employment market trend

It’s time for a change in approach. 68 percent of employees surveyed by the BCG across the world said that they would retrain for a new career. However, when it comes to the time invested in professional development or further training, Germany scores second from bottom – only the Netherlands are worse off. Turkish employees were the most willing to undergo further training: 80 percent of the respondents stated that they spent a few weeks a year on further training.

Job prospects for career changers haven’t caught on in Germany yet – the employment market is still struggling on this front. That’s in spite of the fact that the term “Quereinsteiger” (career changer) has just broken into the top 10 search terms on StepStone.de. BSC analysts anticipate that the employment market in Germany will become less impenetrable in future – partially as a result of the shortage of skilled personnel.

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