Benefits March 24, 2009

A Jobless Executive Tipping Point?

March 24, 2009 (PLANSPONSOR.com) - A new survey finds that an out-of-work executive should not suffer long-term career harm unless his period of joblessness drags on for more than nine months.
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“Despite pockets of opportunity, the job market remains challenging, and extended searches aren’t unusual,” said Paul McDonald, executive director of Robert Half Management Resources, in a news release. “Most hiring managers recognize the economy has sidelined many outstanding people. In fact, some companies are taking advantage of the current employment environment to hire experienced workers who would not have been available one year ago.”

McDonald said management-level candidates should try to remain active professionally through project work, volunteering or by taking classes to keep their skills current.

The survey was developed by Robert Half Management Resources and conducted by an independent research firm. It is based on telephone interviews with 150 senior executives from the nation’s 1,000 largest companies.

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