Beyond.com recently published the October 2008 Milgram report, which reveals interesting statistics and data collected from the Beyond.com network of thousands of niche career communities. Here are a few of the key findings:
- In October 2008, jobs for candidates with 1-3 years of experience increased by 3.68% when compared to jobs posted in September 2008. This was the only category of jobs by experience level that did not decrease over the previous month.
- Salary expectations increased for all candidates over the previous month despite the declining economy. Candidates with 1-3 years of experience had the most significant increase in salary expectations with 1.73%
- Chicago, IL. experienced a 10.39% decline in jobs, and a 12.45% increase in the number of candidates who posted resumes in October 2008.
One conclusion that can be drawn from the October Milgram Report is that young, fresh talent is still in demand. Although jobs for most seasoned candidates are steadily declining, employers are still looking for candidates with 1-3 years of experience. While there could be many reasons for this trend, one likely conclusion is that entry-level candidates add value to an organization, without the hefty price tag.
I also found it interesting that salary expectations increased over the past month despite economic uncertainty. This will likely be short-lived as many professionals come to the realization that the economic recession may last longer than anticipated, giving them no other option but to take whatever salary they can get.
View the full Milgram Report. Feel free to let me know your thoughts on some of the recent findings.