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 |
? Article Continues BelowSponsored Content
 Guide: Practical Tips for Remote Hiring
Hundreds of tech hiring teams have halted their standard hiring processes in favor of remote interviewing, sourcing and screening, which can directly impact the candidate experience. Download this guide to see how the best-in-class teams approach remote tech hiring in a dynamic, candidate-centric market.
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 |
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.
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.