If you perused the latest employment report released by the US department of Labor, you know there are signs the job market is improving, but if you're looking for a management position right now, it may not seem that way. This is particularly true if you're adamant about finding a job that's comparable to your old job in terms of seniority, salary, benefits, etc. In tough times like these, there's nothing unusual about job searches that go on for several months, especially senior management jobs. But how long can you be out of work before prospective employers start to feel like you may not be a good candidate?
In a recent survey developed by Robert Half Management Resources,150 senior executives from the 1,000 largest companies in Canada were asked "How long, in months, can a top manager remain unemployed before it hurts his or her career?". The response was nine months. "Despite pockets of opportunity, the job market remains challenging, and extended searches aren't unusual," said Paul McDonald, executive director of Robert Half Management Resources. "Most hiring managers recognize the economy has sidelined many outstanding people. In fact, some companies are taking advantage of the current employment environment to hire experienced workers who would not have been available one year ago."
Even though most people realize this is a really tough job market, the survey demonstrates that there’s a perception out there that you’re a less appealing candidate if you’re looking for a senior management job and you’ve been out of work for more than nine months. McDonald offered the following tips for management-level candidates to remain marketable:
1. Be flexible. If you can't find a job that is comparable to your old job, think about how you can apply your skills and experience in a new area and market yourself accordingly. This may seem like obvious advice, but it’s amazing how many people tend to pigeon-hole themselves.
2. Network, network, and then network some more. Everyone you know can be a good lead source, whether they work in your industry or not. Online social networking should be a part of your strategy, according to McDonald. Again, perhaps McDonald is stating the obvious here, but the best way to get your foot in the door is through a contact. Just don’t forget that once you’re in the door, you’re on your own. It’s up to you to sell yourself.
3. Do your research. Learn everything you can about a prospective employer's
business and its people. Then make sure your CV highlights your strong points that match the employer's needs.
4. Consider moving. It's easy to get comfortable where you are, but remain open to the prospect of working in another city. Perhaps much easier said than done, but if job prospects in your city are non-existent, you’ve got to accept reality.
5. Remain positive. It always takes longer to secure a management position, especially in tough economic times. Stay focused and don't lose hope.
If the latest employment reports are indication, the job market is turning around. But it’s not going to happen overnight, so stay open-minded and do your homework.