Monday, June 15, 2020
Being Unemployed
Being Unemployed If youâre like most people, chances are that someone has told you that itâs easier to find a job when you already have one. That kernel of wisdom has been bandied about for decades, and most people just accepted it without question. Recently, new evidence has seemed to support that belief, as a study was conducted to test those old assumptions. For anyone whoâs ever worried about being unemployed for too long, that research offers some interesting insight. Researching How Being Unemployed Impacts Job Search Success: The Study The new data points come as the result of a study conducted by two economists from Sweden: Dan-Olof Rooth and Stefan Eriksson. The study was performed by sending out more than 8,000 resumes to apply for more than 3,500 open positions. (We wrote a good article on how to deal with employment gaps on your resume) Each of the resumes was a fake, and specifically tailored to list different types of employment status. The imaginary job candidates were either gainfully employed or had been unemployed for several months to more than a year. The results? Letâs review: Being Unemployed for 3 Months While being unemployed for 3 months can sometimes seem like an eternity, the research suggests that most job seekers wonât experience and disadvantage from that status. This is apparently especially true for jobs that donât require a great deal of specialized skills. The biggest surprise came from those low-skill job applications. Apparently, many employers viewed that brief stint of unemployment as a bonus, since those applicants were readily available for immediate work. Your Outlook When Youâve Been Unemployed for 6 Months Being unemployed for about six months also didnât seem to impact the job search much. And again, this was more apparent in low-skill jobs. However, that six months period probably pushes the envelope when it comes to maintaining your chances for an interview. The research results seemed to suggest diminishing odds of success after that first half-year of being unemployed. How Good Are Your Odds of Finding a Job When Youâre Been Unemployed for 9 Months? Hereâs where things get truly interesting. There is a downside to being unemployed for 9 months or more, and that downside encompasses both low and medium-skilled positions. According to the studyâs results, once youâve been unemployed for longer than 9 months, you can expect a significant drop-off in interview requests. The fake resumes sent out by the researchers suffered a 20 percent decline in responsiveness from employers. However, high-skill jobs didnât experience that same decline. Some believe that is due to the more complex hiring processes in place at those types of companies. Being Unemployed for More Than a Year Unfortunately, thereâs no way around this last fact: being unemployed for more than a year can really put a damper on your job prospects. In fact, the research indicated that resumes with a current lengthy period of joblessness experienced little success at landing interviews. There is good news, though. Once you land that first job after being unemployed for a year or more, your future job search prospects improve dramatically. So How Long is Too Long to Be Unemployed? Based on the results of the research, the simple answer might be that thereâs no such thing as being unemployed for too long. Yes, your odds of landing an interview do decrease as your period of joblessness drags on, but that doesnât mean that you wonât be able to land a job eventually. Still, your best options are to: Find a new job before youâre unemployed; orWork diligently to land a new job during the first six months of your unemployment. Once youâve gone past that six-month period, youâre likely to see diminishing returns on your job search efforts â" unless youâre in a high-skilled profession, of course. Fortunately, there are things that you can do to increase your odds of landing those critical interviews. One of the most important things you can do is to ensure that your resume is the best that it can be. To learn more about how you can improve your resume to improve your odds, check out our great post on the topic, Improve Your Resume: 7 Tips to Land More Interviews.
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