Dear Rachel,
Due to layoffs at a previous agency I had to take a job
with a smaller agency with less account responsibilities. I’ve
been holding off on trying to find a job the past few years as the
economy improved. Now that it seems like has, I’d like
to get my resume out there. Will 2005 be a better year for media
jobs? Could I actually have choices? – Ready
to Roll
Dear Roll,
All of us in the media business have been holding our
breath for the past three years, waiting for the industry to
recover. Things looked promising for 2003 until the war began; 2004
brought more improvement but some areas lagged and many agencies
held back on hiring, not entirely sure that the economy was back for
good.
Now we're in 2005, and things look a lot more promising
(though we're still some way off from 2000, when demand for media
people was at its peak and headhunters were chasing after talent
with incredible offers).
“Our advice to any job seekers that have been waiting
to conduct their job search until the market has improved is strike
while the iron is hot,” says Ragan Jones, a media recruiter at
Talent Zoo in Atlanta.
“The job market has picked up considerably across the
country, and there are media positions available in almost every
area of the country, so if you have been holding off on conducting a
search, don't wait too long or your dream job may be filled by
someone else.”
Evidence of the bump in demand is all around. We see it
in the improving media economy; more ad dollars mean more business
for ad agencies which in turn means more workers, in media and
elsewhere, to meet the increased workload. We're seeing more job
postings. For example, Talent Zoo says that in December 2003 it
listed an average of 50 job postings each day. Last month that had
tripled to 150.
The firm reports that 83 percent of its current candidate
pool is employed compared with an average 28 percent over the
previous three years.
This trend extends well beyond media.
Compensation Resources, a Saddle River, N.J., consulting firm, found
that voluntary job turnover (people leaving their jobs by their own
will and not their company's) has increased in the past year to about
11 percent across all industries and 20.7 percent in business
industries as a whole.
What's changed in media, with this rise in demand, is that
agencies no longer have the upper hand in job negotiations. One
recruiter tells me that job seekers have become much more selective
about what they’re willing to accept.
They’re waiting for the right opportunity instead of
jumping at any job that comes along. That means a more competitive
market, with more agencies bidding for the same pool of
talent.
I’ve also seen the evidence in my inbox. During the past
three months, I’ve received numerous queries, mostly from small-
and medium-sized agencies, looking to fill mid-level posts.
You don’t say what area of media you specialize in, but
recruiters tell me that positions of every type are available.
Media planners with several years' experience continue
to be the most sought-after, especially those with interactive
experience.
Demand is lower for media buyers in part because
agencies can shift the extra work to media buying services.
“The main areas we have seen high demand for are
mid-level media planners, supervisors and up-and-coming media
directors,” Jones says.
“A year ago, there weren’t as many competing
opportunities out there. Now, with the changing climate of the job
market, we are seeing candidates who are keeping their options open
and interviewing at multiple places at a time.”
So pull out that resume and give it a polish. It
would seem the right time to begin looking for your dream job.
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