More than ever I am having conversations with former execs, managers, and senior professionals who are in protracted searches for the same level positions they held. They are using their existing resumes and applying for the same titles, same/similar industry, and certainly the same compensation. They are exasperated but undaunted despite the lack of results. The overused quotation from Einstein is apropos here, "Insanity is doing the same thing over and over and expecting different results."
I hear many focused and definitive statements like these:
"I will not accept a position below Sr VP." I have to make more than $100,000 to live." "I have never been paid below this level. "I will never apply for a position below this level/salary."
But it is basic marketing 101 to evaluate your strategy when things are not working. Focus can become myopia. You have to change it up. You have to expand your search to jobs and industries and sector outside of your current world and where there are more prospects. You have to start looking 360, sideways and down instead of just in the same places. This inevitably starts the conversation about position, title and compensation. What is a lateral move? What is beneath me? What will compromise my entire career?
Settling for something lesser is not preferred but may be necessary. It may require huge changes in your lifestyle. Downsizing or rightsizing your life is probably smart now. Just like the entire business community that has cut back jobs, maybe one of yours, and is now prudently hiring at a very slow pace.
Looking for a new job is a brutal experience, especially if the search yields few leads and fewer interviews. It can be frustrating and discouraging. It triggers all of the worst feelings about your competence and confidence. Been there and it is no fun. The sooner you can get back to work the better.
When I was laid off I had to re-think my career and my life. I took a serious pay cut to re-build my experience in a new world--non-profits. So far, I have taken three pay cuts, two demotions, and 1 lateral move to make career changes. You have to go down the ladder to climb up another. It is just the law of nature. It is the method of surviving and sustaining your professional career.
You have to swallow your pride and your irrational ego and find a path that makes sense. Not working is the worst strategy. A big and growing gap between your impressive position and nothing raises more questions than not filling the void.
Piecing together a new career after a set back is one that all employers will sympathize with. When you show your desire by doing what is necessary, your story is more compelling.
You say you are creative and innovative. Then re-invent yourself!
The candidates that are having success are using a combination of volunteer work, consulting, related but "lower level"jobs , and education to fill in their resumes---to stay fresh and to keep the rent paid.
Hard to even get a look or a call back if your time between jobs is approaching a year and you have nothing on your resume.
Customizing your resume and your cover letter may be more important when you shift directions in your job search. I have advised many people to remove items from their resume to make them more aligned with a new industry/sector and/or lower level position, so they don't receive the dreaded "overqualified" response.
- Align duties and achievements with the job requirements
- Remove degrees or additional information that give you "too much" experience or education
- Shorten your work experience to the last 10 years or so
In times like these you have to reach down and unplug your vanity and get back into the game. Demonstrate your resolve, your creativity, and your resilience and you will look and sound like a candidate worth hiring. With your new resume and targets, connect to your network to get new leads and feedback. Seek advice from your mentor. Hopefully, this re-energizes your search and opens up your eyes to opportunities and optimism.
Thanks for reading. John