This is one of the tightest executive job markets I have seen in my more than 25 years of executive search and as a career coach.
Industry consolidation and the rapid expansion of graduate management programs focusing on healthcare have combined to create the perfect storm, a significant imbalance in the number of executives looking for work, and the shrinking number of positions that are available.
Each New Job Posting Attracts Dozens of Candidates
For each job posting there are dozens, sometimes hundreds, of applicants.
To succeed, you will have to bring your “A” game to the market.
Now, if you are looking for a silver lining there is one. The vast majority of people searching for work are relying on old school techniques – the same strategies and routines they have used in years past because they do not understand how the market has changed, from what employers want to see on your resume to how you interview.
You Must Differentiate Yourself from Competitors
You have to look for every advantage to differentiate yourself from everyone else who is clamoring to make it to the finalist table.
If you are out there on your own, without the support of a coach who can guide you through this new job search environment, it can be pretty lonely and very frustrating.
Let me share with you some benchmarks that you must apply to your job search to be successful:
8 Job Search Benchmarks
Invest In Your Career: Many executives see hiring a coach as an unnecessary expense. I disagree. I think it is an investment in your career, not for the current tough job market but for your future success. Moreover, there is evidence that executives who use a career transition coach land their next position faster than those who go it alone.
© 2020 John Gregory Self