You’ve probably heard the real estate terminology “it’s a buyer’s marketing” or “it’s a seller’s market.” These phrases allow you to figure out if you should buy or sell property based on factors affecting the real estate market such as lending interest rates, size of the market, supply and demand, the ability to qualify for a mortgage, etc. Just as in real estate, in the business world there are similar factors that influence the equation when determining if it’s an employer or employee market. These factors include: the amount of economic expansion, production, demand of goods, skilled labor force, fixed costs, projected revenues, etc. As you can see in the infographic below, the evolution of the employee from past to present has taken quite an interesting progression. In IT specifically, it is an ever-changing environment where anything is possible; breaking the norm and liberating the constraints of hierarchical organizations. Now, technological advances improve creativity and collaboration that unleash new opportunities and allow for more innovation within organizations.
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