Time to Reconsider?Posted: September 27, 2014
If you lost your job in the last 30-60 days, this may not be the post for you. About 30 years ago, my outplacement counselor gave me this rule of thumb and even as the economy has gone up and down, it still holds true. If you’re looking for a job, you should plan for your job search to take about 30 days for every $10,000 you want to earn in annual salary. If you want a $40,000 job, plan to look for 4 months – $60k = 6 months. That isn’t a law, it’s just an average and I’ve seen it repeat over and over. If you have an active network, it can go faster. If you’re starting from scratch or if you are in a particularly competitive field, maybe it will take longer. As I’ve said before, I’ve done this 7 times and it’s taken between 2 weeks and 13 months.
This post is directed to those in who are approaching or have passed that average. If you’ve been looking for months and months and are not having much luck, maybe you need to reconsider a few things. The popular press suggests that kids coming out of college today will change jobs every few years and will change careers 4-5 times before they retire. Those of us old enough to have children who are out of college find that hard to comprehend. I’ve been an HR guy for 30 years and I really can’t imagine doing anything else, but if I’m out of work for more than 6 months again, you can bet I will be thinking of what else I could be doing.
In the midst of an extended search is a great opportunity to be introspective. Who are you, and whom do you want to be when you grow up? Is there a passion in your life that is not being met? Is there an area where you can serve that will bring out something different in you? Would a little schooling help you to find a new spark and a new direction?
I’m not suggesting you abandon all hope and take a leap of faith into a new field, but I am suggesting that you open your mind to it. Network in a new direction. Volunteer where you can learn or use a different skill. Take a part time job that lets you explore a new industry.
You may find that you know who you are and you need to keep your career search on your original track. You may also discover a new energy, passion, and direction. Be open-minded. Let the search take you where it takes you. You just never know what you might find – or what might find you.
For more details about I’m Fired?!? A Business Fable about the Challenges of Losing One Job and Finding Another, click here.