When executives began their most recent job search, they thought it would take just over six months to land their new position, according to new ExecuNet research. But when a new job didn't materialize after that period of time, our survey respondents estimated it would take almost another half-year before their search efforts were effective.
On average, it had been 6-and-a-half years since these executives had last been in a job search, and a lot has changed since mid-2005: the unemployment rate was at 5 percent, and in ExecuNet's 2006 Executive Job Market Intelligence Report, our analysis focused on the high demand for executive talent. Here's what we wrote back then:
"Both search firms and corporate recruiters strongly acknowledge the dearth of qualified executive talent available, and over two-thirds of executives report that the demand for their high-level skills will have a positive impact on their career in the coming year ... Further demonstrating the volume of executive opportunity available, roughly three-quarters of search firms report that their candidates had more than one offer to consider in 2005, and 46 percent of client companies are adding incentives to entice new executive talent."
What has changed in the 6-and-a-half years since their last job search? Here are the problems job seekers recently told ExecuNet they were encountering, and our solutions to mitigate them:
What are you doing differently in this job search than the last time? Let us know.
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