How long does it take to find a new job?
Renata Bernarde
Career Coach for Experienced Professionals & Executives | Host of The Job Hunting Podcast | Private & Group Coaching | Career Consultations | LinkedIn Profile Audit | Online Career Courses | HR Consulting & Outplacement
If you're thinking about joining other professionals in the "Great Resignation," then this article is for you. There are some data and information that you can find online to guide you in making the best decisions for your job search. And that's what we're going to discuss.
In Australia, we have 108 labor markets with different results regarding the duration in weeks of frictional unemployment (the time between jobs when the professional is actively job hunting).
It's not ideal for my clients, who are often more interested in their sector and industry data. The geographic average provided by the Australian Bureau of Statistics doesn't account for sector, industry, or seniority of roles.
But the geographic location is still a good benchmark to use. Plus, you can infer the size of the demand for your profession and executive level based on your knowledge of your region. For example, an IT program manager job searching in Singapore, New York, Sydney, or Christchurch will encounter different market sizes. As I have clients in all of the cities above, I must understand?every important job market for my clients and listeners. But you need to only care about your area of interest.
I adopt the rule-of-thumb to double the average you have found and plan to be unemployed for that long. For example, in Sydney today, the average is 13 weeks of job search. If you are an IT program manager based in Sydney, plan to search for 26 weeks.
If you hire out coaching to support your search, such as the coaching that I provide, the return on your investment should be to reduce the search duration by 1-2 months at least. After all, you're hiring someone who claims to help you with your search by introducing you to the information you don't have about the recruitment process.?That means that instead of learning it the hard way, which can take weeks or months, you acquire that information through career coaching.
When job hunting takes too long
Long-term unemployment is now the highest it's ever been in Australia, which is happening in many other countries. This is not surprising since the pandemic and lockdowns prolonged instability, which means executives' strategic roles are not well-defined. Many searches are taking too long because employers have bigger fish to fry or are unsure how to cement their new business model.
The job seeker needs to manage the three main issues eroding their chances of employment:
"Easier said than done," you may say. And this is why working with a coach helps! When working with a client, we can brainstorm ideas, and I can recommend the best actions that are more likely to give positive results.
If you want to learn more about making smoother, more successful career transitions, enroll now in the RESET YOUR CAREER Workshop. I designed it so it helps professionals take the best actions in the last weeks of the year or early in the new year. I will provide guidance, templates, and resources so you can make the best of the next few months.
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I look forward to seeing you there!
PS: If you're happy with your job and career, please consider forwarding this article to someone who will significantly benefit from this reading it.
Warm wishes
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Listen to the episode about this topic on The Job Hunting Podcast:
If you want to do more reading about this topic:
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