June US employment numbers gained 4.8 million jobs, the stock market is at an all-time high, and yet, people around us are struggling to find their next job opportunity. Learn from Albert Qian, Founder and CEO of Albert’s Job List and Referrals, what will happen with the job market for the rest of 2020 and beyond given external factors such as: Coronavirus waves and its effect on the job situation for the rest of 2020 and 2021. What will happen with the job market with the 2020 election looming? Hot industries and companies that are hiring in 2020 and 2021 Work from home phenomenon and its effect on job hunting especially for parents on FMLA leave, furloughs and layoffs. Sector movements - Is there a movement from private sector to government?

1. JOB MARKETTRENDS FOR 2020
(AND BEYOND!)
Albert Qian
Albert’s List
July 15, 2020

2. About Me
■ Content strategist and writer for tech
companies in the San Francisco Bay
Area
■ Founded Albert’s List, a community of
43,000 members on Facebook to
support and connect job seekers to
various resources —
bit.ly/findyournextjob
■ Born and raised in the San Francisco
BayArea.

3. Agenda
■ Setting the Right Intentions
■ The State of the Economy, July 2020
■ Trend #1:The COVID-19 Elephant in the Room
■ Trend #2:The Future of HR
■ Trend #3:The Government
■ Trend #4:Where the Jobs Are — and Aren’t

4. Before we begin, let’s set some intentions
for the evening.

5. Tough times don’t last—tough people
do

6. This will all be over… eventually

7. It is Okay to Find a Job for the Sake of It
Especially now

8. Use information to your advantage

9. THE STATE OFTHE ECONOMY, JULY 2020

10. Unemployment is HigherThan Ever
■ Unemployment Rate:
11.1% (July 2020)
■ More than 45 million+
currently out of work
■ The economy hasn’t been
this bad since the Great
Depression

11. Meanwhile, COVID-19 Is Still a Problem
■ States began to re-open
too soon and are going
back towards lockdown
■ A resistance to masks
continues to challenge
health officials
■ Businesses previously re-
opened are closing
again—and some for
good

12. A Brief Economic Blip is Less Likely
■ There was originally
belief in a “V” or “W”
shaped recovery
■ 41% of businesses closed
onYelp are shut down for
good
■ COVID-19 is accelerating
the retail apocalypse as
more consumers go
online

13. TREND #1:THE COVID-19
ELEPHANT INTHE ROOM

14. WhereWe’ve Been
■ CARES Act and PPP
Loans
■ VC founds have declined
by 44% (Crunchbase)
■ Underperforming tech
companies have laid off
(Uber, Lyft,Vmware,
Yelp…)
■ Many companies are
instituting WFH

15. Is Help On theWay? Depends.
■ CARES Act and PPP
Loans are set to expire
soon; unemployment
extends to 39 weeks
■ Trump wants America to
get back to work (“Find
Something New”)
■ State budgets have been
obliterated

16. The Challenge of COVID-19
■ The US Federal
Government bungled
its response to COVID-
19
■ Conspiracy theories
and fake news drive
cynicism
■ We are still at least a
year out from a vaccine
■ Other challenges
remain…

17. But…The Stock Market!
■ Major US Indices have
rebounded from COVID-19
lows
■ Who’s the hero:The Fed
■ Interest rates remain lower
than ever
■ The stock market does not
correlate to the broader
economy

18. What to Know as a Job Seeker
■ Until a vaccine is created OR Americans decide to unify, we are likely in a
holding pattern
■ Opportunities are fewer — but are still out there; you must network
■ Companies continue to hire — it depends on your skills
■ Interviewing do’s and don’ts

19. TREND #2:THE FUTURE OF HR

20. TheTransition of HR
■ From tight job market to
chaos
■ Traditional roles —
recruiting, talent
management, and
performance
■ Managing generations

21. HR’sVenture Into COVID-19

22. And Now?
■ HR is now the interlocutor between
facilities, management, and health
authorities
■ HR also finds itself at the front lines of
re-opening
■ Empathy is a leading message,
especially as workforces stay home
■ Technology considerations — AI, Digital
Assistants

23. What to Know as a Job Seeker
■ Traditional HR roles have transformed significantly
■ Your ability to work from home matters more than ever
■ Empathy is important for companies now, given circumstances
■ HR’s role now includes disaster prep

24. TREND #3:THE GOVERNMENT

25. There’s an ElectionThisYear
■ Currently, Biden leads
Trump in all major swing
states
■ Trump still trusted on the
economy, lags everywhere
else
■ Lagging economic
indicators usually trouble
the incumbent

27. On the IssuesWhen it Comes to Jobs
Biden Trump
• Served under Obama when it came to the
Great Recession (2008-2010)
• Wants to forgive loans
• Wants to keep people on payrolls as long as
COVID-19 keeps going
• Reinforce regulations on big business
• Some version of Medicare for All, Green New
Deal
• Made in America blueprint plans to purchase
US goods
• Led theTax Cuts and Jobs Act (2017) which
lowered corporate, individual, and capital
gains tax rates
• Continued trade wars with China, Europe, and
others as a part of “America First”
• H1-BVisas are suspended for the remainder
of 2020
• Deregulatory actions around the environment
and general business
• Plans to build more infrastructure
• The Space Force

28. WhatAbout Government Jobs?
■ State budgets are in the red
due to COVID-19
(CA: $54 billion deficit)
■ Local and state jobs may be
impacted
■ Nationally, the US continues
to hire and has a COVID-19
specific site
■ Government jobs under
PresidentTrump

29. What to Know as a Job Seeker
■ An election is coming up, research accordingly
■ State and local government jobs are likely not the place to go given
budgets and debt
■ Ultimately, your job search is more individual rather than broad
– You have control

30. TREND #4:WHERETHE JOBS ARE
(AND AREN’T)

31. ItWas Chaos Before COVID-19
■ Tech was going through
downturn with Uber, Lyft,
and WeWork
■ Economic growth had been
rising for 10+ years
■ The retail apocalypse was
still ongoing

32. COVID-19 Has Created More Pain
■ Airline, travel, banking, and
retail continue to cut tens of
thousands of jobs
■ Healthcare even got hit
because non-COVID-19
cases were backlogged
■ Oil nosedived in March
■ Some tech companies
withdrew financial outlooks

33. WhatAbout Opportunity?
■ Amid the chaos, there are
also growing industries
– WFH Office Jobs
– ContactTracing
– Tech Infrastructure
– Essential Retail
– Ecommerce
– Online Learning

34. But where are the jobs, really?
I took to Albert’s List and did a research
project.

35. Research Methodology
■ N = 435
■ Catalogued individual job postings. Posts that offered general referrals into a company were
not considered.
■ Engineering was split into software and general engineering to address the tech-heavy sector
here in SiliconValley.We also placed UX under engineering since it is design-focused.
■ Creative roles are under sales and marketing since they contribute to company brand
■ IT was placed under operations given that many in that realm are working on operations +
business continuity
■ Jobs were recorded between April 30 and May 17

36. Jobs Continue to Be Posted
■ Roughly 150-60 jobs /
month since start of
April
■ Since lockdown began,
postings have been
fairly constant
■ Little comparison
versus pre-COVID due
to lack of tags, but the
jobs are still there

37. Jobs Continue to Be Posted
■ On a weekly basis, it’s
been an ebb and flow
■ Fewer jobs around
Memorial Day and July
4th
■ Post holiday jobs have
gone upward

38. So, what are companies hiring for?

39. JobTypes are Roughly Even
■ While contract jobs still
rule the Bay, FT
opportunities are still
available
■ Remember the
contracting cycle

40. No Surprise:Tech Still Leads
■ Tech has soared during
COVID-19 and is
reflected in job postings
■ Real Estate is still tops as
the housing market
continues to still be hot

41. Functionally, Business Continuity Matters
■ Tech jobs also remain the
most in-demand, particularly
those that drive business
continuity
– Engineering: 27.6%
– Operations: 26.4%
– Sales/Marketing: 16.6%
■ As COVID-19 continues,
operationally essential jobs
will become more critical

42. What DoesThe DataTell Us?
■ The closer you are to business continuity, the better
■ Tech continues to be hot — it depends on the area
■ Albert’s List has a skew – tech is hot, but look at healthcare, services,
non-profits serving during this time
■ Contract gets a bad name, but full time roles are still available

43. Great — so how do I get hired?

44. Connect toYour Next Job
■ More than 51 million Americans are jobless
■ It’s not who you know or what you know — it is who knows you
■ Consider reaching out
■ Focus your networking

45. Interview InYour Favor
■ Focus on building trust
■ Know what’s at stake
■ Don’t take it personally

46. Level UpYour Skills
■ Many places are offering free courses (Ivy Leagues, Udemy):
https://coronavirus.providence.org/blog/uf/609098130
■ Consider a certification (HubSpot, Salesforce)
■ Invest in yourself (LinkedIn Learning, Lynda)
■ Take advantage of scholarships
– Google: https://grow.google/certificates/
– Udacity: https://www.udacity.com/scholarships

47. WHATTOWATCH FOR

48. Forecasts for the MonthsAhead
#1:The Economy won’t be primed for full recovery until a vaccine
is found
– Recent trials show hope
#2: Business continuity jobs will rule the day—and they will be
remote
#3:Tech will continue to be red hot

49. Forecasts for the MonthsAhead
#4: We’ll take just as long to recover as the Great Recession
– What started as a Black Swan has become a structural
economic event
#5:The effects of COVID-19 will be felt for years
– Everything from HR to how we shop will be impacted

50. Forecasts for Job Seekers
#1: What you do doesn’t matter — FT and Contract are OK
#2:Your network gets you in the door now, your interview is
about building trust
#3:Throw the kitchen sink at your career and at free resources
– Take advantage of everything available to you

51. Forecasts for Job Seekers
#4: Remote work is going to be normalized
#5: Automation will be a challenge as technology takes over
– Plan accordingly
#6: Don’t depend on government help — things are erratic

52. Q&A + Let’s Connect
■ Join us on Albert’s List – www.bit.ly/findyournextjob
■ Connect with me on LinkedIn:
www.linkedin.com/in/albertqian

53. THANKYOU