As we all know, times are tough out there right now. You have spent many years working hard to get where you are, so what is your best next move? Do you hold out for your dream job at a high salary and risk being unemployed for another 6 moths? Do you settle for just anything so you can get back to work and start getting an income again? This is the big debate going through many of our candidates minds right now. Trust me, you are not alone. We hear this every day and wish we had the answer.
The unfortunate truth is that most jobs have come down in salary. The reason for this is that many companies have had budget cuts, hiring freezes and lay offs. Even the companies that are sustaining are still trying to cut costs and save money in case things continue like this for a while. Hiring budgets are one of the first things to go when trying to save a company money.
Employers know that there is so much competition out there right now amongst job seekers and so few jobs. The employers have the upper hand and they know it. Jobs that were going for 100K last year are down to about 65K-75K. Many mid-level assistant jobs that used to pay 50K are hiring entry-levels in hopes to be able to mold that employee into exactly what they want. Needless to say, this is definitely an employers market.