Recently, my colleague Jacqui Barrett-Poindexter of Career Trend Resumes and Writing shared some information via Dawn Bugni (Twitter: @dawnbugni), who referenced the July 2009 Professional Association of Resume Writers and Career Coaches newsletter that highlighted the cost of lost wages to job seekers in a variety of income levels. This is the data from Jacqui’s blog:If you expect a $20,000 salary, your weekly salary is $384.61 and an 18 week job hunt will cost you $6,992.98.
If you are looking for a job with a $50,000 salary, your weekly salary is $961.54 and an 18 week job hunt costs you $17,307.69.
If you are hoping for a $100,000 salary, your weekly salary is $1,923.08 and an 18 week job hunt costs you $34,615.38.
Clearly, it behooves job seekers to do everything they can to shorten their searches to land as quickly as possible. Jacqui’s post, which you should read in its entirety HERE, reminds readers that “navigating a job search without a compass” costs valuable time and money. Think about it…Wouldn’t it be nice to have an experienced coach and resume writer on your side? When I coach someone, I like to think of myself in the role of a helpful friend in the passenger seat offering directions as you are driving your own career bus!
Follow this link to learn more about me and how I can help you propel your search forward.
cartoon from Bearman
{ 4 comments… read them below or add one }
Miriam,
Excellent point about the cost of an extended job search. Most of the candidates I work with are significantly north of $150,000-$200,000 in annual income. Imagine the cost of a search that has gone from a traditional 6 months and is now approaching 12-18 months.
Here’s the irony: We provide many good products and services, like you and other gurus/experts in this field. Yet, my experience is that the vast majority of managerial and executive candidates would rather flounder around for 12-18 months at the cost of $150K-$200K instead of investing $29, $59, $99 in a proven validated product/service that will take months off their job search.
I realize folks who are out of work don’t want to spend money unnecessarily. However, like most things in life you’ve got to make a few key investments and spend a little money to make money. Most candidates we encounter have no clue what to do in an effective job search – and they’re trying the same strategies which may have worked 8 – 10 -15 years ago. Whether it’s our products/services, yours, another well-known expert – my recommendation would be for job seekers to become masters of the job search process. To do that requires purchasing audio, video, kits, courses, books, and workbooks. On top of all that great content is an extraordinary amount of FREE resources which few people take advantage of.
I just wrote a recent article on my blog about mastering the job search. My partner Brad and I will be discussing this idea in our weekly radio show on Monday.
Barry Deutsch´s last blog ..IMPACT Hiring Solutions Home Page
Barry – You have an excellent point. I think that the bottom line is that job seekers have no interest in being experts in job seeking! They just want a job! That’s why I suggest hiring an expert to serve as a professional guide. I like to think of myself in the role of the passenger with a map, directing my clients so they will not need to pull over and stop their forward progress.
Thanks for your comment and for reading!
I just have one thing to say: this article was right on the money. I Stumbled it for you:
http://jobmob.stumbleupon.com/review/35771083/
Jacob Share´s last blog ..How To Kickstart Your Job Search
Jacob – Thanks for stopping by and for stumbling! I appreciate it!