A friend of mine has been out of work for more than a year. She had been the family breadwinner. A few months ago, she told me she was determined to find a job in South Florida, where her extended family lives and where she has roots. Last week, she started browsing the job postings in other states.
People are getting pretty desperate for jobs.
The percentage of unemployed managers and executives relocating for new positions jumped to its highest level in nearly two years, according to a Challenger Gray report out today.
John A. Challenger, CEO of Challenger, Gray & Christmas, thinks people who didn't want to take a hit on sale of their home finally are willing to do what it takes to get a job. By now, we all know that percentage of job seekers relocating had plunged in the wake of the housing market collapse.I guess people are starting to do the math and realizing that being out of work for a long period of time might be more costly than taking a hit on their home sale.
Challenger recommends casting a wider net if you've been out of work for a while and want to get back on the payroll. "Job seekers who are willing to expand their searches to other states and cities are significantly improving the chances of success by opening themselves up to a much wider number of opportunities," he says.
If you are willing to relocate, you might want to look at Texas, California, Michigan and Minnesota. Those states are leading the way in job creation. But regardless of where you seek a job, be realistic about who will pick up the tab for relocation.
“There have been a few examples of employers paying for the most talented candidates’ relocation costs," Challenger says. "However, those examples are few and far between, as most companies continue to keep a tight rein on costs."
There is so much to think about when deciding to relocate for work -- a least a dozen factors in the work life equation - including financial decisions.
Do you think people are getting frustrated enough to put their desperation for income before all other factors?