Job Searching in Tough Times

Author: Dave Crisp

20 Jan

More of my work lately is with job seekers, naturally. We’re in that cycle of the economy. So what can I say that’s reassuring? A lot actually.

First, I often am introduced for my success in handling some major mergers, not easy when 80% are known to fail, mostly for "HR" reasons – poor culture fit, bad leadership, etc. What I point out is that most of the layoffs I had to manage – and there were many in the turbulent retail years I held a senior role there… most occurred in good times, not in recessions. Layoffs don’t only occur in tough times nor does hiring only occur in good periods. Both go on all the time. It’s simply a matter that there are a few more in one or the other.

I got the watershed job in my own career history the very day a major city newspaper emblazoned this headline on page 1: Worst Job Market in 20 Years (the height of the 1982 recession). And I’m not the greatest job hunter, being basically a shy, non-marketing type. "If I can do it, you can," is a pretty accurate message.

In most years average turnover is about 15% – one job in six has to be refilled. Most are filled from within… in good times… and then replaced by hiring junior staff. This background rate of turnover doesn’t vary too much in bad times. And when many companies lay off, they inevitably find just afterward that turnover continues. Other companies are grabbing their best people hoping to fill growing gaps with better players; your own company cut to the bone and didn’t anticipate continuing routine departures of people they depend on. They still have to hire.

While it’s true that relatively speaking it will probably take longer to get a job (managers who might average 3 to 5 months searching might need 6 to 9), they will inevitably find work. Those who keep looking will at least! Of course that’s hard on people. No one likes to envision such lengthy periods without pay, but allowing for just a bit of luck, severance packages, outplacement counseling and good planning really do help.

By the time layoff are decided, paperwork processed and job searches are fully underway (usually 2 to 3 months), don’t forget that we’re that much closer to the upturn. Those laid off early may have longer searches, but they’re more fully networked and closer to finding work earlier in the upturn than those laid off later, who take a few months to get well started. So even though layoffs may continue for a while, it isn’t all doom and gloom for everyone. Those who keep their heads, stay focused and pursue all leads as consistently as they can usually end up with better jobs that the ones they left.

It’s not a time to panic and jump at the very first job offer… unless it’s a great one. Steady, logical work pays off all the way through the process from networking to negotiating the offer. It’s just a bit tougher to stay positive. As always balancing pressures and alternatives is the key to coming out on top.

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