Today’s economy has fostered a job market with a unique and exciting dynamic. We are meeting a new reality where previously “reliable” careers no longer offer such a stable outlook as before. The demand for particular skills is rapidly changing, bringing new opportunities and an increasing number of hybrid job positions every day. The changes that have taken place over the last 10 years suggest that we can expect the job market to become unrecognizable over the next few decades.
In this uncertain climate, internal HR managers are busy trying to keep pace with emerging trends and aren’t able to manage their employees’ careers to the full extent. This is especially the case in jobs where knowledge is influenced by outside forces, such as the internet, IT or data-driven elements. Meanwhile, employees in the workforce today can expect careers that will span 50 years or more. To stay relevant, it will be crucial to understand your strengths and weaknesses and how you work best, and constantly adapt your skills to the new dynamics of the workplace. Each employee must be able to manage their own career path, create opportunities and be flexible enough to change tracks if needed in order to keep themselves employable in the ever-changing job market
Why we need to adopt an employable mindset
The job market is at a critical junction. No two vacancies are exactly the same, and there is increasing demand for people who have a joint skillset and who are able to fill a hybrid position. Indeed, today’s highly qualified candidates need to able to fill positions that would have previously been filled by two or three people. Companies are moving from a traditional hierarchy-based system towards one in which teamwork, collaboration and knowledge exchange play a bigger role. Companies are facing the difficult decision of whether to craft new hybrid job positions or eliminate those positions altogether. This means employees can no longer rely on their HR departments to manage their careers. They will have to identify their strengths and advocate for themselves if they want to remain competitive in the job market.
What defines a successful career
Thus, the time when a successful career meant a steady job and a good pension are no longer. Thanks to technology and other changes in the economy, job positions are merging and disappearing faster than we can keep track. This opens up a myriad of new career opportunities for savvy go-getters who keep up-to-date on emerging opportunities and sought-after skillsets. In this age of unprecedented opportunity, a successful career is an ongoing process where you must take charge, upskill and keep constantly abreast of new developments in your field. Carve out your professional niche, understand your skillset and be ready to seize opportunity whenever it presents itself, whether within your organization or elsewhere. This advice applies to people actively looking for a new job, but also more broadly to anybody who wants to stay employable at all. The key to success is knowing where you belong and how you can contribute to your field.
5-step action plan to manage your own career path