Just how long will it take to land a new executive job?
Thinking about making the jump this year? You know, switching from one executive job to another? Here’s the bad news - it may take you longer than you think. But the good news? The outlook seems to be getting better.
According to the executive outplacement firm Challenger, Gray & Christmas, job search times fell from about 4.2 months in 3Q06 to 3.7 months in 4Q06, a 12% drop.
That’s still up from the same time last year, but there’s reason to be thinking positive, says the consulting firm’s CEO:
“The fact that employers did more hiring and did it more quickly in the fourth quarter typically is a sign that they are optimistic about business conditions down the road,” said John Challenger, chief executive offer of the firm, which has been conducting this survey for 20 years.
What does this mean for your personal situation? Three words:
- Planning. If you’re setting a goal of getting a new executive position this year, plot out everything you’re going to need to make it happen. Additional training? Industry research? Building your network? These things all take time. If you plot it out, you’ll make the career change much more smoothly.
- Budgeting. This is especially important if you decide to leave your current position before you secure a new one. In addition to making the monthly nut, consider the cost of training, career coaching, resume writing and distribution, and other expenditures that may help you land that job faster.
- Persistency. You want the attention of your hiring targets, and follow-up is the key. How are you going to do it? Personal note cards? Industry or job-related clippings and articles? Personal touches at trade association meetings? Start thinking about your strategy, and what you need to do now to make it easy for you to execute.
And here’s one other bit of good news: CNNMoney.com says “the closely watched December employment report showed much stronger job and wage growth than had been expected.”
Talk about starting the year off right!
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