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2008 Job Outlook

The Grind: 2008 Job Outlook

The new year is typically a good time to look for a new job, but the recent unemployment report suggests this year may be different. Unemployment shot up to five percent in December, meaning the economic decline we've seen in real estate is now spilling over into other parts of the economy. While other parts of the job market are suffering, heath care and education seem to be a constant hiring source.

In the clip below, random professionals on the street predict what job growth will be like in their respective industries. Try not to get distracted by the sexy accent of the first interviewee.

While most of these people seem more optimistic than not, I'm wondering if they're feeling the same way about their salaries. The Wall Street Journal reported that salary hikes would be weak, especially for employees at bigger companies and low on the totem-pole workers. Be sure to ask your boss what it would take to get a bonus, because this might be your best bet for more money in '08.

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tiff_saint01 tiff_saint01 8 years
So far, my salary is only increasing in my field of work. Hopefully by 2009, I will reach my ideal salary.
bellanatella bellanatella 8 years
They're so optimistic, it gives me a false sense of comfort.
PureGrace PureGrace 8 years
The job outlook is TERRIBLE in my field due to the Writers strike. My friends are all Assistant Directors and Production Assistants in film and television and there isn't much more coming into New York. A lot of shows have shut down putting lots of people out of work. I work in Extras Casting and we will probably be laid off after the movie we are working on ends. The strike isn't just hurting production but other companies as well. The costume and prop warehouses, equipment rental companies, caterers, studios, and many other places that you wouldn't think would be effected. I heard one of the major payroll companies for film and TV had to shut down. I will probably temp if I am laid off but something tells me every grip, production assistant and production office manager is doing the same thing. With the potential of the Screen Actors Guild and the Directors Guild going on strike when their contract ends in June, things are not looking great.
Lovely_1 Lovely_1 8 years
I just got an amazing oppurtunity at work so I know I am on the road to success (and a huge raise soon)!!!
monkeygirlm monkeygirlm 8 years
Salary is a really interesting topic for SavvySugar to cover. More power to you! Many public, for-profit companies set their annual merit (or increase) budget as a relatively common percentage. So, if BigCo is doing 4% you can bet MediumCo is going to do 3.5-4% depeding how MediumCo is doing financially. For this coming year, if the economy does tank, the average comp increase budget will decrease. Negotiation can definitely help, but most companies set pretty rigid guidance for managers - just keep in mind that salary budgets have limits when determining your personal comp strategy. BTW - The first interviewee has a great point - Web 2.0 is THE way to go for growth over the next year or longer. (But then again, I lost a job in the Web1 crash so what do I really know???)
monkeygirlm monkeygirlm 8 years
Salary is a really interesting topic for SavvySugar to cover. More power to you!Many public, for-profit companies set their annual merit (or increase) budget as a relatively common percentage. So, if BigCo is doing 4% you can bet MediumCo is going to do 3.5-4% depeding how MediumCo is doing financially. For this coming year, if the economy does tank, the average comp increase budget will decrease. Negotiation can definitely help, but most companies set pretty rigid guidance for managers - just keep in mind that salary budgets have limits when determining your personal comp strategy. BTW - The first interviewee has a great point - Web 2.0 is THE way to go for growth over the next year or longer. (But then again, I lost a job in the Web1 crash so what do I really know???)
SkinnyMarie SkinnyMarie 8 years
Well in my sector of work, things are looking up. Commercial real estate is still doing well, which means more work! As for the salary part. I haven't taken a pay raise in two years (knowing the financial situation of the company) but on Christmas my boss surprised me with a raise to negotiate and extra vacation. I have a different point of view on things though. I really like what I do and where I work. You can't put a money value on that. I could get paid more, almost double in other firms, but I would be talked down to and treated like crap.
cassedy04 cassedy04 8 years
i'm lucky too because i nailed in my job offer before all this started to really go down. hopefully things will pick up before my salary review in 2009!
aimeeb aimeeb 8 years
OooOoooooo Blake :love:
aimeeb aimeeb 8 years
OooOoooooo Blake :love:
katejlogan katejlogan 8 years
For me personally it is really hard to toot my own horn. Luckily I work in public education and my salary is pretty much set. I don't have to negotiate for much. This is a good thing because I suck at it. But I do realize that I need to boost my side consulting business quite a bit but have a hard time selling my skills. This is something I need to work on.
katejlogan katejlogan 8 years
For me personally it is really hard to toot my own horn. Luckily I work in public education and my salary is pretty much set. I don't have to negotiate for much. This is a good thing because I suck at it. But I do realize that I need to boost my side consulting business quite a bit but have a hard time selling my skills. This is something I need to work on.
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