Wes Bucey
Prophet of Profit
If you are out of work and looking for a new job, it's easy to get discouraged when days drag into weeks and weeks drag into months. Money gets tight and folks often do one of two things -
First, a fact of job hunting:
It is almost a cliche, but there are fewer job openings at big salary levels than at low salary levels, so the time to successfully land a high-paying job takes a disproportionately longer time. There are several reasons, but the primary one is the caliber of the competition is much higher and the candidate who can't stand out amid the clutter of other candidates is doomed to be an also-ran. The folks making decisions on high-paying jobs recognize they can't afford to make mistakes, so they take much more time to investigate and decide upon a single candidate.
How long is too long?
Every case is different, of course, but some general rules of thumb might be:
The short answer is that someone looking for a job paying over $75,000 can take seven to ten months and jobs paying over six figures ($100,000 +) may take longer than one year.
I was very interested in an item in last Sunday's New York Times about a Quality professional who was fired from his job because he was "too good" and his subsequent odyssey in trying to get a new job. Following is a brief excerpt for educational purposes - the complete article can be found for a short period at the link shown.
Note even with this high-powered help, these clients of the outplacement agency are not shortening the timetable in getting a new, comparable job by much at all.
There are, however, some notable landmarks in what a GOOD outplacement agency does:
Candidates:
Thinking about a New Job for New Year?
https://elsmar.com/elsmarqualityforum/threads/19619
Resume and cover letter - How good are yours?
https://elsmar.com/elsmarqualityforum/threads/10169
The Job Hunt - Care and feeding of references
https://elsmar.com/elsmarqualityforum/threads/19094
Tips to get past the "gatekeeper" when job hunting
https://elsmar.com/elsmarqualityforum/threads/9325
Consulting – Is it in YOUR Career Future?
https://elsmar.com/elsmarqualityforum/threads/24543
- they get desperate and take anything that's offered, even when they know it's not a good fit
- they get so depressed, they just give up and stop looking
First, a fact of job hunting:
It is almost a cliche, but there are fewer job openings at big salary levels than at low salary levels, so the time to successfully land a high-paying job takes a disproportionately longer time. There are several reasons, but the primary one is the caliber of the competition is much higher and the candidate who can't stand out amid the clutter of other candidates is doomed to be an also-ran. The folks making decisions on high-paying jobs recognize they can't afford to make mistakes, so they take much more time to investigate and decide upon a single candidate.
How long is too long?
Every case is different, of course, but some general rules of thumb might be:
- If you sent out 20 resumes and haven't received either an acknowledgment, a denial, or an interview within 60 days of each submission, you probably need to re-examine ALL your tools (cover letter, resume, choice of targets.)
- If you are getting acknowledgments, but neither denials nor interviews, you need to follow up because "gatekeepers" may have the responsibility of acknowledging applications, but not be empowered to deny anyone nor schedule appointments. Therefore you need to know the score (perhaps you can try again at the same target by sidestepping the gatekeeper.)
- If you are getting formal denials, but no interviews, you need to re-examine your cover letter and resume, preferably with the aid of an experienced friend or counselor who can point out any "blah" factor which may be triggering such denials. Another thing to look for is whether the cover letter and resume REALLY match the job requirements [or adequately explain why one set of credentials meets or exceeds a specific set laid out by the employer - such as ASQ QE versus Six Sigma.]
- If you are getting interviews, but no second interviews (whether the first interview is by phone or in person) and no offers, you need to re-examine your interview technique with a knowledgeable person to tweak your performance and identify any "turn offs" which are killing your chances of landing a job.
The short answer is that someone looking for a job paying over $75,000 can take seven to ten months and jobs paying over six figures ($100,000 +) may take longer than one year.
I was very interested in an item in last Sunday's New York Times about a Quality professional who was fired from his job because he was "too good" and his subsequent odyssey in trying to get a new job. Following is a brief excerpt for educational purposes - the complete article can be found for a short period at the link shown.
Since I've been an owner of a majority of a very large, diversified employment agency (back in the 70s), I am intrigued by folks who are paying upwards of $40,000 (including their incidental travel and phone expenses) to a job outplacement service for things they could do themselves for less than 5% to 10% of that amount.NYT link
GREG SAM, 50, has always been a rising corporate star. In his most recent job, as a vice president for Millipore, a company that services the pharmaceutical and biotech industries, Mr. Sam built a quality-oversight program from scratch into a staff of 350 working worldwide, from the corporate headquarters in Billerica, Mass., to offices in China, Japan, Ireland and France.
For this, he earned a mid-six-figure income and traveled the globe, making two dozen business trips a year. At Millipore’s 50th anniversary celebration in Puerto Rico, Mr. Sam delivered the keynote speech in Spanish. In France, he sometimes conducted business in French.
In fact, Mr. Sam was so good at what he did, he was fired.
“He came in, built us a global quality assurance program, but now that it’s in place, we don’t need a person of his skills and caliber to continue running it,” said Dr. Martin D. Madaus, the president of Millipore, who fired Mr. Sam during a round of 200 layoffs in December. “Someone with lesser expertise can do the job, because Greg essentially did such a good job.”
<SNIP>
But because Mr. Sam was so highly valued until he was fired, Millipore added about $40,000 to his severance package for job placement services.
<SNIP>
For three months, instead of going to work, Mr. Sam has come to a handsome fifth-floor office in a renovated warehouse overlooking Boston Harbor that is the headquarters of New Directions, a top-of-the-line job-search firm. As its literature says, New Directions specializes in helping unemployed “C.E.O.’s, C.O.O.’s, C.F.O.’s, C.I.O.’s” find their way back up the corporate ladder.
<SNIP>
Mark Gorham, a Harvard Business School grad and a former Hewlett-Packard vice president, has been unemployed for six months. At first, he said: “I sat around thinking someone will realize how great I am and call me out of the blue. Next, I figured, I’ll throw out my great résumé to search firms and someone will come knocking.”
Now he’s learning networking from Jeffrey Redmond, his personal job coach.
“Mark grew up in an age when being understated about yourself was valued,” said Mr. Redmond, a partner who has been at New Directions since its founding 23 years ago. “At 53, he has to learn to tell his story and, like a marching band, toot his own horn.”
<SNIP>
Mr. Redmond said in its 23 years, New Directions has served 2,400 executives and, typically, they find new positions in seven to nine months, although in a recession that could be a year.
<SNIP>
He [Mr. Sam, the Quality guy] spoke with the staff psychologist, Dr. William Winn, who’d given him a battery of tests, and for several hours interviewed him to make sure he was suited for the jobs he’s seeking.
Dr. Winn concluded that it wouldn’t be wise for Mr. Sam to take a position that would focus solely on what’s wrong with a company. Mr. Sam is a builder who needs to be involved in fixing what’s wrong, Dr. Winn noted.
<SNIP>
Note even with this high-powered help, these clients of the outplacement agency are not shortening the timetable in getting a new, comparable job by much at all.
There are, however, some notable landmarks in what a GOOD outplacement agency does:
- help the client research targets for the job campaign
- help the clients craft pertinent, compelling resumes and cover letters to coax an interview out of an employer
- provide psychological counseling to determine whether the client is pursuing realistic goals for a good fit (skills, experience, workplace culture)
- role playing rehearsal interviews to assure client puts best foot forward
- help client with networking (the right way, NOT "net spamming")
- provide a reality check that other similarly-situated peer group folks are also struggling to alleviate some of the depression which comes from feeling the whole world is operating against you and you, alone.
Candidates:
Thinking about a New Job for New Year?
https://elsmar.com/elsmarqualityforum/threads/19619
Resume and cover letter - How good are yours?
https://elsmar.com/elsmarqualityforum/threads/10169
The Job Hunt - Care and feeding of references
https://elsmar.com/elsmarqualityforum/threads/19094
Tips to get past the "gatekeeper" when job hunting
https://elsmar.com/elsmarqualityforum/threads/9325
Consulting – Is it in YOUR Career Future?
https://elsmar.com/elsmarqualityforum/threads/24543