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Job Hunting Is Your New Job ð€“ Here Is Your Daily Plan

Youð€™ve just lost your job.   Give yourself a few days to deal with the emotions involved and then get moving toward finding your next position.  Under any circumstances, finding a job can be time-consuming.  Given the current economic climate, those job-seekers that are organized and dedicated to the search will get the positions. Itð€™s important to realize that conducting a job search is a full time job.  Here are some guidelines for items you need to have on-hand for a successful job search as well as some help determining your daily structure.


Let Your Resume Cover Letter Do The Talking

A resume cover letter should be informative and hold the interest of the reader. Normally, most job seekers follow a generalized pattern of writing resume cover letters. Prospective employers shuffle through innumerable resume cover letters daily and therefore, an enticing and differently presented resume cover letter catches their attention and generates interest in them to read and consider the attached resume.


Displaced Middle Mangers Job Search Suggestions

 

The unemployment rate for large company middle managers is increasing but worse the term of their job search is also increasing with many extending to over a year.

 

The news isnð€™t getting better, a survey in June by Watson Wyatt Worldwide, reports that 52% of companies will employ fewer people than they did before the recession began. One third of the 179 U.S.-based companies polled indicated they still anticipate further layoffs, although this is down from 46% two months ago. "While many companies are planning to reinstate or reverse some of the cost-cutting actions made to HR programs over the past 10 months, most do not believe that things will go back to "business as usual,"" the survey states

 

The numbers aren"t encouraging. According to the U.S. Department of Labor"s Bureau of Labor Statistics (BLS), 14.7 million people were unemployed (9.5%) as of June 2009 compared with 14.5 million in May (9.4%) and 8.7 million (5.6%) one year ago. The number of long-term unemployed -- people without work for 27 weeks or more -- increased from 1,621,000 in June 2008 to 4,381,000 in June 2009. Meanwhile, approximately 6.5 million jobs have been lost since the recession started 19 months ago. And the "underemployment" rate -- which includes those too discouraged to look for work as well as those working part-time because they can"t find a fulltime job -- increased to a staggering 16.5% in June compared to 10.1% a year earlier

 

A generation ago, says Wharton management professor Peter Capelli director of Wharton"s Center for Human Resources, "layoffs at this level were temporary. Not now." Even if an equivalent job were open at another company, that company will most likely not fill the position or will hire from within. In addition, Cappelli notes, in the 1990s, the economy experienced a "big wave of startups that would take on corporate people who had lost their jobs or bailed out of them. These days, we don"t see those smaller companies on the horizon."

 

Many displaced managers and executives are turning to starting their own businesses, some for the right reasons and some out of desperation.

 

Going our out on their own for whatever reason can be challenging for many of them. Middle management experience at a large company does not necessarily transfer to being a top executive at a small of startup firm. I remember clearly when I made the move from a Fortune 500 executive position to founding a startup. My boss trying to convince me how foolish and risky it was told me, I ð€Çdidnð€™t even have   P &L experienceð€Ý.  I remember thinking what a desperate comment that was, I had a huge organization and a budget of over $40MM dollars, what was he saying?

 

Years later I remembered that comment and how far I had come. I was lucky my startup was successful and grew to over $40MM in sales, but it was a steep climb. I really had no idea how much I had to learn in the ð€Çreal worldð€Ý. I had no experience with cash management, strategy, hands on marketing and sales, raising capital, handling lenders and investors, the list go on and on. All of this was done for me at some level of corporate organization.

 

Later on as I became a business coach I learned that many small company owners and top managers were doing what I did, learning the hard way, even many that had been in business for years.

 

The message to middle managers going through the job search or thinking of going out on their own is put aside the egotism everyone seems to leave a large company with and learn what smaller company needs are. It truly is a different and hands on world.  Small and mid-sized companies are sorely on need of strong leadership, but youð€™ll have to be able to prove youð€™re the real deal. The issues are so common across markets and industries I wrote a book on them, positioning it to be a leadership manual for success. How do I know what those needs are? I learned them the same way I learned all the skills I needed to run a $40MM company, I learned them the hard way over a twenty plus year period or running my own businesses and coaching others.

 

The more knowledgeable you are about the situation of small and mid-sized business when you walk in the door, the better chance you have of walking out with an opportunity.

 

 

 






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