It’s taking longer to find a job, according to John A. Challenger, CEO of an outplacement firm.
The 3.6-month median length of a job search last quarter was almost a month longer than it took the quarter prior.
More job candidates are now willing to switch industries and to relocate for jobs. Given that candidates are being more flexible but are still having trouble pinning down jobs, Challenger feels that “the economy may be hitting a natural slowdown.”
Here’s a breakdown of job-search lengths and other data, from Challenger, Gray & Christmas.
|
2nd q 2005 |
3rd q 2005 |
4th q 2005 |
? 1st q 2006 ? |
? 2nd q 2006 ? |
|
|
Median length of job search, all clients, in months |
3.1 | 3.6 | 3.1 | 2.7 | 3.6 |
| Median length, candidates 50 and older | 3.9 | 4.0 | 3.6 | 2.9 | 3.9 |
| Median tenure at former job, in years | 7.5 | 7.5 | 9 | 7.5 | 7.3 |
| % who got equal or better jobs | 89 | 89 | 91 | 92 | 93 |
| % relocating | 16 | 16 | 18 | 16 | 18 |
| % changing industries | 46 | 44 | 41 | 39 | 46 |
2 comments
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Josie Erent Jul 21, 2006 at 2:48 am
I have done my own surveys and have notices that many of the companies that I encounter are short staffed in their HR departments, hiring managers are stuck doing their own recruiting and overwhelmed with their work etc….which are forcing the companies to take longer to hire that particular purpose for that particular role.
In an employees’ market the companies will not be able to attract desired
candidates who accept jobs with other companies.
The workload and the dependence of technology have made the hiring process more impersonal and difficult for job seekers.
Josie Erent Jul 21, 2006 at 2:48 am
I have done my own surveys and have notices that many of the companies that I encounter are short staffed in their HR departments, hiring managers are stuck doing their own recruiting and overwhelmed with their work etc….which are forcing the companies to take longer to hire that particular purpose for that particular role.
In an employees’ market the companies will not be able to attract desired
candidates who accept jobs with other companies.
The workload and the dependence of technology have made the hiring process more impersonal and difficult for job seekers.