January 26, 2009

How Long Will It Take You to Find a Job in Today's Market?


If you're one of the unemployed (or underemployed), then, you're probably wondering how long it will take you to find a job. There is an industry formula that provides a ball park on the average job search. It goes as follows:

It will take the average job seeker 1 month for every $10K of income they want to earn.

So in other words, if you are shooting for a $50,000 job, it will take you roughly five months to gain employment at that salary level. This, of course, does not assume that the job is a perfect fit and that it meets all your other employment criteria. Also, keep in mind that there may be a margin of error of +/- one month depending on your local market, job position saturation, etc.

What if you don't have however many months you come up with available to wait? You might look at contract or freelance work in the meantime. Not only will this give you some income, but it will open new networks and give you additional references for your résumé. More on this soon!

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