Are you wondering how long it's going to take before you find that next position?
This is a really common question that I've been asked over the years by so many different clients.
My name is Bill Benoist. I'm a certified professional career coach here in Silicon
Valley. And in today's video, I want to try to address this with, I mean,
the answer is more of a guesstimate than an estimate, but I can share some statistics with you
from the bureau of labor statistics, as well as from my personal experience. So first off,
according to the Bureau of Labor Statistics, the average length of time, it's going to take
a person to find that next position. This is the average looking at everything across, you know,
all parts of the country, all the age groups, everything is between five and six months.
If you go out and you do a Google search, you're looking at between three and six months.
So somewhere between three and six months, five and six months.
I will say this and that is working with a career transition company. I have noticed that it's been
a little bit shorter time. In fact, if you go to Challenger, Gray and Christmas - which is
I believe the oldest career transition company in the United States, based out of Chicago,
they have a neat little graphic on their main website page that shows the average length of
time that a person's unemployed working with one of their career coaches is 4.08 months. And they
also add that 97% of those that work with a career coach out of Challenger end up having a better
job, a better paying job than what they, they left. So, there you go. And there is one other
statistic I would share with you. And that is if you're over the age of 50, they do say that the
length of time is going to be a little bit longer, but it's not as long as what you may think it is.
So, the research with BLS is showing only about two weeks longer. So, it could be a little bit
longer than that. Again, these are averages it's really gonna be based upon what the, uh, what
industry you're in, how much money that you are making, where do you live. But when we take all
of these averages out there, it looks like it's between five and six months with the BLS, um,
maybe lower paying, uh, positions across, uh, service industries, retail industries.
It could be as short as two months. I mean, usually not too much shorter than two months,
although I did have an exception just recently started working with a client who, um,
he, we met every single week and by the third week that we were meeting,
he had gotten a couple of job, a couple I'm saying not one. He got a couple of job offers out there,
and that is something I think you should also consider as well is if you are thinking about, uh,
looking for another position and you're currently working on maybe your career transition, look
To see if there's any services out there or career coach that you can work with because well, you
know, even career coach, if you're having to pay for it, let's say the, uh, typical career coach
might charge you $750 for four sessions. And that person makes on average $35 an hour, well, $35 an
hour. If you do the math, uh, multiply that by 2080, I believe it comes to around 72,800 or so,
uh, 72,800 divided by 12 divide that by 4.3, you're really coming out to just over $1,400
a week before taxes, well, $1,400 a week. Um, if you are working with a career coach
and you land just one week sooner than had you not been working with a career coach, and again,
there's no guarantee with this, but if you were to land one week sooner, which is what statistics do
show us happens because, um, you know, you're getting help with your resume and LinkedIn
and interviewing job search strategy and such well that wasn't a bad investment of the $750.
So again, you know, looking at, you know, uh, challenger growing Christmas website out there
where they say that the average, uh, length of search is 4.08 months. And we are looking
at the bureau of labor statistics. It's between five and six months. It definitely can cut down
the search. So, anyway, again, I'm sorry that I can't be a little bit more defined, but it's like,
you know, uh, somebody being diagnosed with a horrible disease and asking the doctor how
much longer do I have to live? And, you know, the doctor really can't say because it's just
based upon so many variables out there, including your diet and exercise and, and you know, other,
other genetic concerns and such. And so, it's very similar to, you know, when you're outta work,
it can't really say, but if we average it out, you're looking at five to six months.
So I hope you found this video somewhat informative and useful if you haven't
already done. So make sure that you subscribed this channel, hit the bell notification as I do
upload new career tips and strategies every week. And I'd hate for you to miss anything.
Thanks for stopping by. And I look forward to seeing you next week. Take care. Bye Bye.