As you keep on progressing through your career, you naturally become more experienced and more expensive. By expensive we mean, your pay cheque starts getting fatter and fatter – of course this is conditional to the fact that you are capable enough and driven enough to continue with a corporate career.
One fine day – you realize that you are bored and tired with your existing job or employer, and you start looking out for a change. Over a few weeks and may be a few months of looking around and speaking with search firms and doing a couple of interviews you realize, that either there are not enough jobs, or the jobs are not cool enough, or they are not well paying. It seems that the opportunities have dried up.
In fact, you may have already have had the above thoughts. While having similar thoughts and wanted to substantiate the thoughts with some numbers to assess the rate at which opportunities dwindle as you keep on looking for jobs with a higher compensation parity.
We had a look at one of the leading job portals and searched for jobs in Marketing, PR, MR , Brand & Advertising etc. , and HR & Admin. The choice of function to consider for this study was random, and is just supposed to reflect the state of market. Our understanding is that similar inferences / with minor variations could have resulted had we generated data for other job function. The data generated is being considered as a representative sample of market outlook and of job availability.
The below mentioned charts, shows you the decreasing number of opportunities / job openings as compensation parity increases – for the data considered for the study.
As inferred from the data – if you are are a brand, marketing and advertising professional looking for a new job in the compensation range 12 – 15 Lakh, – you have about 600 vacancies to choose from, while if you are looking for a job in the compensation range – 33 – 36 Lakh per annum, you have just about 63 jobs to choose from, and if you are looking for some thing above 48 Lakh, you just have 19 jobs to choose from.
Now, the choice of jobs, is as per the opportunities with this particular job portal, from where we sourced out data. However, just look at the ratios, the actual market in India or overseas may not be too deviant.
Another fact, for all the vacancies that you see against a compensation range, all may or may not interest you – in fact your profile may not be suited for many vacancies, you may not be interested in many of these employers of jobs , and possibly you may not clear the selection round for another set – implying in fact that the actual number of opportunity that really relates to any one is far lesser in real sense.
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