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  #41  
Old 13.10.2020, 07:17
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Re: Current job market & salaries vs pre-crisis

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My wife is a recruiter and from what she says you will have to be very lucky to find a job if you are unemployed also negotiations for a decent salary while unemployed are not going to be in your favour. She has not advised a job in the last three years as it is too much work to work through all the RAV applications which don't fit. She searches through LinkedIn and Xing so if you are contemplating a change be very active on these platforms and network like you are possessed.
I fully agree. The unemployment system here does a disservice to the unemployed forcing all to flush applications around. In a short time I realized it makes more sense to focus on applicants from abroad rather than local.
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  #42  
Old 13.10.2020, 09:08
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Re: Current job market & salaries vs pre-crisis

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My wife is a recruiter and from what she says you will have to be very lucky to find a job if you are unemployed also negotiations for a decent salary while unemployed are not going to be in your favour. She has not advised a job in the last three years as it is too much work to work through all the RAV applications which don't fit. She searches through LinkedIn and Xing so if you are contemplating a change be very active on these platforms and network like you are possessed.
These are two different things - the surplus applications from people who just have to make up numbers are a pain, but if you do apply for a job that you fit then being unemployed shouldn't make that much difference.

I've hired several people who were unemployed, mainly they'd worked in a startup that folded rather than the regular clearouts from UBS & CS et al. Having someone who can start immediately is nice.
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  #43  
Old 11.11.2020, 11:32
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Re: Current job market & salaries vs pre-crisis

I always live by the motto that ďdo not make yourself replaceableĒ. Many positions will be replaced with robots; people will lose jobs but they need to update their skillsets for more advanced positions that require the brain to think.
If you have a job right now and itís not killing you, stick with it until you actually found a new one, donít just quit and hope that when your benefit paid is over, youíll find another one. No one can predict how long this situation will last (remember when they said COVID-19 will be gone by summer?).

If the extra tasks you have to do to keep the current salary is not too much, take it. If you donít want to do it, maybe accept a pay cut and find another income source. Freelancing is a good choice where you can do what you like in your own time and get paid.
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Old 11.11.2020, 13:32
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Re: Current job market & salaries vs pre-crisis

My sector is booming , salaries are stable or on the rise and jobs are plenty. I pat myself on the back for getting out of IT development 15 years ago when I saw H1B India influx into US market and the affect it had on the salaries and hiring practices.
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Old 11.11.2020, 14:44
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Re: Current job market & salaries vs pre-crisis

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My sector is booming , salaries are stable or on the rise and jobs are plenty. I pat myself on the back for getting out of IT development 15 years ago when I saw H1B India influx into US market and the affect it had on the salaries and hiring practices.
What sector are you in out of interest.

The company I work for are doing -mega- well at the moment to the point they won't disclose profits. Still has not stopped them trying to trim some of the work force to make even more; including me
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Old 11.11.2020, 23:00
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Re: Current job market & salaries vs pre-crisis

Very interesting thread but if people are going to say everything is great where they are then surely they should also include industry and whether Zurich or not otherwise itís meaningless
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Old 12.11.2020, 19:43
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Re: Current job market & salaries vs pre-crisis

My industry is Pharma.
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Old 22.11.2020, 11:06
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Re: Current job market & salaries vs pre-crisis

What I see, as a mid-ranking employee at one of the big-2 banks (CS/UBS), is that we always replace one rank below the previous rank. So an MD is replaced by an ED, and an ED by a VP, and a VP by an associate, and an associate by a junior analyst. What this means is that headcount doesn't really change but the cost base falls. We low-ball each replacement by offering them 15-20% below our "mid-point" of what we are willing to pay to see if they will bite. Some of the candidates do and some don't so it really depends on how well informed they are. Local Swiss candidates (who are well informed) have rejected our offers, hence the need to hire overseas candidates on the Auslander discount (roughly 20% below what the local guy would accept).
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