Thursday, April 15, 2010

High Expectations and Tight Job Markets

As our unemployment figures continue to soar and not many people able to find work, getting discouraged in this job market is hard to overcome. I can tell you all kinds of things about keeping a positive attitude but it has to come from down deep within yourself. 

A lot of people who are unemployed seem to think that they are going to be able to find a position at the same salary as the job that they left or even more than what they left at. With such a large pool of people to choose from, unless you are in a very specific highly skilled and highly needed area of expertise, don't count on it!  I hate to throw a wet blanket on your expectations but it is true. 

I can't begin to tell you how many people I've heard from who have been told "you are over qualified" for this position.  That is true, you may be overqualified, now you have to convince them that you are willing to accept less pay and that you will be staying around even after the economy does turn around. I have heard of people negotiating a hiring contract, where they agree to stay a certain number of years and accept a specified increase of salary per year during that time.

Even stay at home positions are becoming few and far between as people are looking into this venue to bring in income as they continue to search for a "brick and mortar" position. Since many work at home positions are Independent Contractor status, they find that they can have great flexibility with their hours, working around interview times and continue to earn money. 

In all my working years (I have worked since I was 13) I have never seen as many people searching for work at one time. In October 2009 average unemployment surged to 10.2%, the highest it had been in 26 years!  You have to go back to the Great Depression in the year 1933 when the unemployment rate was 24.5% and that depression was also world wide just as our current situation is.

Who knows what the answer is going to be to reverse our current worldwide situation as well as what we are facing locally in the United States. I certainly don't have the answers, I'm riding this one out just like everyone else!

I am presently reading this book, Rich Dad Poor Dad Prophecy and finding it very enlightening. You might want to pick up a copy, it is fascinating reading.

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