Exploring the job market: why there is no harm in educating yourself

Career development and professional growth both require a knowledge of the market that would have traditionally been associated with job seekers actively looking for new opportunities.

However, now it is a strategic approach embraced by professionals at all stages of their careers, irrespective of their current employment status. So, whether you’re an active or a passive candidate (someone with no intention of getting a new job or applying for roles), the merits of educating yourself on your market extend beyond job hunting.  

Here, we will delve into the reasons why embracing an open mindset when it comes to the job market is not only harmless but hugely beneficial for your professional development. Besides, if something better for you comes up in the process, it might even be deemed a worthwhile journey after all. 

Opportunity awareness 

Staying up-to-date with the job market allows you to gauge exactly what opportunities are out there, even when you’re not looking for a job. Being aware of the positions available, what skills are in demand, and what hiring companies are offering to new recruits can provide valuable insights. 

This will keep you informed about emerging trends and possible growth areas that you may be able to build upon (or are already skilled in), these can be advantageous for your long-term career trajectory. 

Knowledge of benefits and salary 

Gaining market insights can equip you with the knowledge to draw comparisons on your own situation. You will be able to find out about the remuneration package that roles at a similar level to your own may be offering. 

You might even find certain aspects of the offer, for example flexible working options or enhanced holidays, are relatively standard across to board, and these may be aspects that you’re not benefiting from in your current role. This can, in turn, open up conversations at your next meeting or review with your Manager to discuss the possibility of such benefits becoming part of your own package. 

Networking opportunities 

Exploring the market doesn’t have to involve opening yourself up to jobs, it can include networking with people in your industry. This comes in many forms: engaging with recruiters, attending industry events, and participating in online forums. Each will help you to establish relationships with likeminded professionals. 

As well as offering you valuable advice and industry insights, these people could also open doors to opportunities that may arise in the future – when you are ready to move on. 

Narrowing down your job search 

This is particularly important for junior professionals working in broad roles, building upon their experience. Despite their current role teaching them the necessary skills, they may aspire to eventually specialise in an area within their profession. Exploring the market, means finding out more about the different pathways, to figure out the route they wish to pursue. 

Encourages CV updates

Regularly exploring what’s out there may prompt you to update your CV on a regular basis, ensuring that it accurately reflects your current skills, accomplishments and aspirations. This proactive approach not only prepares you for upcoming opportunities but also helps you maintain a clear record of your professional growth and achievements.

If you would like more help with writing your CV or want some tips and advice, take a look at our CV advice guide. 

Open mind

Engaging with the job market, even when you’re not actively seeking a change, encourages you to keep an open mind and embrace the possibility of new opportunities. It challenges the fear of change by exposing you to different roles, industries, and career paths. 

Collectively this will expand your perspective and enhance your adaptability, getting you ready for change, if and when that comes. 

Outdated job advertisements

An often-overlooked benefit of exploring the market is the chance to gain insight into potentially outdated job advertisements. Unfortunately, job postings may not always accurately reflect the current needs of employers, or the evolving nature of specific roles. 

For example, the job advertisement may include a list of key roles and responsibilities based largely on a template, however when you speak to the hiring manager, you might be surprised to discover that behind the job listing lies a perfect fit for your skills, experience, and career aspirations.

By engaging, even if you’re not actively applying, you could gain a better understanding of industry trends, skill requirements, and expectations of employers. 

Staying in touch with recruiters 

Let’s address the elephant in the room: of course we’re going to advise that you stay in touch with recruiters. 

Recruiters have connections, and market knowledge - which are often useful, especially if your market is unpredictable. They usually know about roles before they hit the market, or have exclusive roles. It’s in your best interest to keep those lines of communication open with recruiters, even if you’re content in your role. 

Building and maintaining relationships with recruiters can open doors to valuable connections within your industry, whether it's for mentorship, collaboration, or insider insights into the job market trends.

What do you have to lose? 

Perhaps the most compelling reason to explore the job market is that there truly is nothing to lose. By staying informed about industry trends and keeping your options open, you position yourself to capitalise on opportunities that you didn’t expect – but that far exceed your expectations.  

Conclusion

Exploring the job market isn’t just for candidates that are actively pursuing new opportunities, or those that are no longer satisfied with their current position. 

It’s a strategic approach that offers several benefits, from staying informed about industry trends to forging meaningful connections and challenging the fear of change. By staying up-to-date, you empower yourself to make informed decisions that relate to your career, whether you’re actively seeking a change or are content where you are.

Get in touch

At Sellick Partnership, our experienced teams can provide insights into your specific market, in order to equip you with the knowledge needed for overall improvement. For over 20 years we have worked hard to establish a wide network of professionals across a broad range of industries, understanding the requirements and challenges faced. 

This enables us to provide a trusted and confidential recruitment solution, and ensure our (active and passive) candidates receive a high-quality service throughout.