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108. How long does it take to find a new job?

career advancement career change job hunting managing complexity
The Job Hunting Podcast Episode 108

If you're thinking about joining other professionals in the "Great Resignation," then this episode is for you. There are some data and information that you can find online that will guide you in making the best decisions for you. 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 as it has no information about sector or industry job search. But the geographic location is still a good benchmark to use. 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 out someone who claims to help you with your search by introducing you to the information you don't have about the recruitment process. 

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 strategic roles are not yet well-defined for executives. 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:

  1. Financial hardship: Now is not the time to be shy about asking for help. Vulnerability is ok in 2021.  Ask for help, access welfare, and save. 
  2. Skill loss: Job hunting is a job, And it's not just about looking for work and applying online. Keep learning and keep informed.
  3. The recency of experience is eroded: Find opportunities to use your skills.

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 in 2022, enroll now in the RESET YOUR CAREER workshop & action plan.

Registrations are now open for the Reset Your Career Workshop. Click here to learn more and register. 

I look forward to seeing you there!

Links mentioned in this episode:

Are you new to The Job Hunting Podcast? 

Hello, I’m Renata Bernarde, the Host of The Job Hunting Podcast. I’m also an executive coach, job hunting expert, and career strategist. I teach corporate, non-profit, and public professionals the steps and frameworks to help them find great jobs, change, and advance their careers with confidence and less stress. 

If you are 1) an ambitious professional who is keen to develop a robust career plan, 2) looking to find your next job or promotion, or 3) you want to keep a finger on the pulse of the job market so that when you are ready, and an opportunity arises, you can hit the ground running – then this podcast is for you. In addition to The Job Hunting Podcast, I have developed a range of courses and services for professionals in career or job transition. And, of course, I also coach private clients. 

So there is no excuse – I’m determined to help you! I want you to feel empowered, nail your next job, and have the career you want.

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Enjoy the episode and ciao for now!

RB

Renata Bernarde | Job Hunting Expert | Founder, Pantala Academy

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I cannot recommend it highly enough.

To my friends and colleagues who are currently job hunting, this podcast is for you. Renata Bernarde and her stellar line up of guests very generously share their perspective, advice, behind-the-scene secrets, tips, and anecdotes. "It's called The Job Hunting Podcast (it is what it says on the tin!) Guests include Anita Ziemer, Michelle Redfern, Mohit Bhargava. I cannot recommend it highly enough. Run. Don't Walk." - LinkedIn post shared by Amber Knight.

We listened, and we both got jobs!

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