Labor Market: Everything you need to know

This is how we can summarize the vision of experts heard by different media outlets at the end of last year.

Many people believe that the labor market in Brazil in 2018 was stagnant, but that the hope is for a good 2019 for the economy in general, which always impacts the supply of jobs.

But that doesn’t mean you can play with your head the first opportunity you get.

As we will see throughout this article, whether it’s to get back on the market, grab the first job or change careers, success depends on establishing a strategy.

For this, you are taking an important initial step, which is the search for information that will make you more assertive in your decision making.

In this article, we will present a complete guide on the subject, explaining what the job market is and its characteristics, highlighting the high professions and how to prepare for them.

What is the labor market?

The labor market is a concept that brings together those who offer jobs and those who seek such opportunities.

This includes both open positions in public and private companies, of all sizes and operating segments.

Such market, then, encompasses the existing interaction between employers and labor.

It includes professionals with the most varied backgrounds and skills, in a fierce competition for jobs that meet their objectives.

A particularity that contributes to greater competitiveness is the higher qualification of the available labor force.

Although only 15.3% have completed higher education, according to data from the Brazilian Institute of Geography and Statistics (IBGE), this percentage was 4.4% in 2000 and 7.9% in 2010.

On the other hand, the increase in the number of qualified candidates has not found, in recent years, a supply compatible with demand.

Still in this article, we will advance in this analysis and present other statistics, but it is already possible to advance that what contributes a lot to the balance imbalance is the unemployment rate, which reaches 11.6% of the population.

Equally important is the relationship between total hiring and layoffs, observed in data from the Caged.

When dismissals are more numerous, it means that fewer opportunities exist in the labor market.

Which professions are on the rise in the market?

Making forecasts is always a risk, after all, you never know how expectations will behave in practice.

But as far as the labor market is concerned, it is possible to lean on who has in this analysis a routine.

This is the case of consultancies and also of specialized sites heard by different portals.

What are the most valued professions?

When we analyze the high occupations, in the previous topic, we talk about occupations that should find a good space in the labor market. In other words, the interest of companies in filling such vacancies is seen as growing.

But the offer does not always combine with high salaries.

It is different from what happens when we limit the analysis to the most valued professions, which shelter not only the highest salaries but also careers of great interest of the organizations.

This is the case, for example, with the position of Chief Data Officer (CDO), appointed by Talenses and PageGroup also as one of the highest-paid professions.

The position, which reaches salaries of up to R$ 45 thousand, is executive level and comprises assignments which have everything to do with the current digital transformation we have been through.

A CDO gathers knowledge and skills and contributes to decision making in tasks and processes that involve big data, artificial intelligence, internet of things, design thinking and other concepts of the digital universe.

Another profession characterized by trend and appreciation is that of compliance lawyer.

His performance is directly related to the actions of corporate governance and transparency in the environment and business of the company.

It is, therefore, a strategic function to ensure the rigidity that the market demands on the ethical positioning of the organization, with salaries that can reach $ 70,000.

We can’t forget to mention also the professions of the health area, such as doctor and hospital manager, a figure always valued for managing precious – and sometimes scarce – resources.

According to the traditional Forbes magazine, in the United States, the doctor is the profession that is better paid there, with an annual salary of almost 200 thousand dollars – around R$ 60 thousand monthly.

What is the human resources market?

The human resources market, or HR, is directly related to the labor market, although it is not correct to treat them as synonyms.

Its concept aggregates the necessary processes to meet the needs of supply and demand. That is, to fill open positions by employers with qualified candidates.

If you have thought about recruitment, selection and training actions, you are on the right track.

This market has also been undergoing changes from the already outstanding digital transformation.

In practice, it changes the way companies connect to professionals and also the way they are chosen and hired.

As an example, we can observe the growing offer of online platforms going far beyond the idea of advertising vacancies.

Today, there are tools that automate most of the recruitment tasks, making the process simpler, faster and cheaper and also easier for candidates, who can present themselves from their smartphones.

They are based on algorithms that can restrict the results to professionals who fit the profile sought.

If the idea is to reduce turnover, for example, those who remain little in their jobs are easily identified – and probably discarded.

Still in the digital environment, the analysis of the profile is also based on information disseminated by the postulants themselves in their social networks.

At this point, the channels can be both allies and enemies of the professional to conquer the desired job.

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