On the Current Job Search Climate
On average, it’s now taking job seekers nearly a month longer to find a new job, according to global outplacement consultancy Challenger, Gray & Christmas.
Nevertheless, the firm finds the biggest obstacles job seekers may face in the months ahead may not come from the economy but from their own aversion to risk taking. Challenger, Gray & Christmas reports that only 13 percent of job seekers finding positions in the third quarter relocated for their new positions.
“The reluctance to relocate, while entirely justified considering the state of the housing market, invariably leads to a longer job search because job seekers are casting a much smaller net,” says John Challenger, chief executive officer of Challenger, Gray & Christmas.
Job seekers also appeared more reluctant to change industries in the third quarter, the firm finds. And this mindset can contribute to job search difficulties as well.
“This downturn is definitely hitting some industries harder than others. Now is the time to make the switch from a down-on-its-luck industry to one with more promise. Changing industries can be difficult, even if one remains in the same function. It becomes necessary to learn a whole new set of customs and nuances.
“However, industry switching is far more preferable to career switching and for some it may be the quickest path to reemployment,” says Challenger.
SingleMindedWomen.com has been advocating exploring your options for some time now.
For more on changing industries, read “Hot Careers in a Cooling Economy.”
For more on relocating for a job, check out “It’s a Terrible Time to Relocate for a Job. Or Is It?”
Career Editor, SingleMindedWomen.com