Tag Archives: job search

Has the idea of an oversaturated job market got you bummed?

According to popular opinion, the American job market is oversaturated with applicants. Like a sponge that’s soaked up all the water, this makes it sound like there’s no more room at the inn. And, that knowledge alone can drastically hinder your job search for your dream position. After all, what’s the point in applying if you’re going up against thousands? Wouldn’t you be better off sticking with the job you’ve got, or settling for a position that seems more attainable? 

The fact is that, if you look back through history, oversaturation has always existed in some way. And, the majority of the time, there are a few things we should keep mind. Such as… 

Not all industries are equal

The main problem with the idea of an overarching oversaturation is that it fails to take individual markets into account. After all, the job market isn’t one organism. Industries each have their own markets to take into account, and it would be wildly inaccurate to say that they’re all inundated. For instance, the medical industry is facing significant nursing shortages in the coming years, while even aviation struggles in the face of a growing pilot shortage. Then, of course, there are more popular roles, such as those in the financial sector. With this in mind, the only way to truly get a feel for your market is to start applying. You’ll soon see whether you’re up against many applicants, and will be able to adjust your process accordingly. 

Competition is inevitable

The idea of oversaturation can be harmful because it suggests that applying would be useless. After all, your name won’t even come close to acceptance against thousands of others, right? Wrong. In reality, competition in job applications is inevitable. That doesn’t mean you shouldn’t try — there are a million reasons why those thousand others might not be as suited to the job as you. It just means that you should pay careful attention to how you can guarantee that you stand out from the crowd. Given that you were unlikely ever to be the ONLY job applicant, that was always set to be the case, and oversaturation has nothing to do with it.

Booming markets need more, not fewer applicants

When it comes down to it, the strangest thing about this whole oversaturation theory is the fact that thriving industries need more, not fewer applicants. If a market were oversaturated, it would suggest that area’s doing pretty well. And, that success would in turn undeniably lead to more job openings, new companies in the field, and other such benefits. Each of which makes it more likely you can make your mark within the industry, not less. 

The simple reality is that yes, sometimes you will be up against thousands of other applicants. Sometimes, however, you may be one out of fifty. Oversaturation doesn’t mean impossible. So, forget what you’ve heard, and go out and bag that dream career!