This is the perfect time to be a job seeker in the #ophthalmology and #eyecare industry, with many companies looking to hire, but fewer qualified candidate in the marketplace. The exact opposite situation to the market in 2020. This is well documented in the US Labour Force Participation rate while it decreased rapidly in 2020 due to the pandemic it has not yet rebounded to pre-pandemic levels. This means there are simply fewer employable people in the global employment market and has numerous knock on effects. While this is a global trend it is also true of the #eyecare industry as we at Vision Executives have been inundated with companies struggling to hire for their teams.
So, what about those knock on effects? It means that salaries should continue to increase with inflation and the cost of living. Some companies give their staff 1-2% annual pay increase to cover this in their contracts, however, this will not be enough to meet additional living costs for employees. That, combined with it being a job seekers market right now, means this could be the perfect opportunity. It would not be unreasonable given the current state of the eyecare jobs market to ask for a 5% pay increase. If you are interested in changing jobs most of the candidates we have placed recently are seeing a 10-15% increase!
Perhaps, more good news for employees is that companies should be more flexible with home and remote career opportunities and more employees are starting to expect this as standard too. Frankly, if a company is still asking its employees to be in an office full time they will find it increasingly difficult to grow their teams & business.
Business travel is back... Well sort of. While it is now possible to visit your international clients and visit trade shows, it is still more difficult than pre pandemic. Plus, companies are certainly cutting costs by encouraging only essential business travel. At Vision Executives we are again waiting to consider visiting The European Society of Cataract and Refractive Surgeons (ESCRS) & American Academy of Ophthalmology again this year and remain hopeful for an increase in footfall.
Before you go ask for a huge pay rise from your boss, remember that costs have also gone up for the employers themselves! Most companies will see an increase in their payroll costs, as well as, the increased costs associated with a challenging logistics market.
Nevertheless, this is the perfect time to be looking for a new job in ophthalmology so please feel free to confidentially submit your CV and we will give you a call to discuss your future eyecare career options.
James Pickering is our Managing Director and an eye care recruitment expert who has developed an extensive client base and candidate network. He regularly writes articles about industry developments and has received numerous recommendations from industry leaders. You can also connect with James on LinkedIn to stay up to date on the latest eye care news.