Job Market and Credit Crunch..

[Donza]

Good Afterrnoon,

I am going to be unemployed next Monday (been working my notice). Been looking for two months now and have not even had a whiff of a decent interview or opportunity.

I tick all the boxes, and have usually found a job within 1-3 weeks.

lets just say i am starting to get a little nervous about being unemployed for the first time in my life!

I handed my notice in due to way too much work pressure and 50-60 hour weeks just were not worth it for my health or mental wellbeing. Moreover, i am relocatign to the West Midlands area.

If anything the experience has made me realise i am going to work for myself at some point in the future.

Anyone else here looking? how are you finding it?

My background: Accountant - CIMA (finalist), 3 years blue-chip experience and a degree.

This credit crunch is very real!

 

[Shude]

Anyone else here looking? how are you finding it?

There are a few of us on the forum and it's very difficult at the moment I can tell you! I am sincere when I offer you the very best of luck with your job hunting (we are not competing for positions as I work in IT ).

When it's crunch-time in an organisation it is always the support/service side of the business which is cut first IME; IT, HR, Finance etc are seen as an expensive overhead and that's where the heads tend to roll first.

 

[Uberwagon]

2 years ago I saw lots of jobs in my field (Marine diesels, gas, medum and high speed, generators etc) about but recently there have been very few, so i'm staying put.

Also there is the normal last in, first out situation.

DAve!

 

[BaldGuy]

Join the club!!!

 

[recycled]

Good luck donza. I also want to pack in as well, 12 hr days and sometimes 14 so i have been looking but i want to get one first before i leave as the market is so unsteady

 

[marcos]

Donza

The hours your on about are not too bad, 50-60 a week is like a holiday, I have been doing roughly around 100 a week for the past few months, it does get you down but it's my business so I can only blame myself.
If your looking at less hours don't go self employed as you will end up doing more and more and your back to square one.
We currently get around 50 people a week asking for work etc, 6 months ago we would get maybe 1 or 2 a week so things are definately tough out there.
We are lucky in the fact that we have secured a lot of work for the future, hence my silly hours but at least I know that my employees are safe which is my main concern.
As Shude says your proffesion will be the first to feel the pinch but if your determined and good enough you will find work, just stay positive and focused and dont get into a rut if you do end up out of work for a bit.
Best of luck with it and keep positive.

Marcos

 

[Joe_SP]

I am a recruiter, at the moment I am finding that there are fewer candidates in the market than usual. Most people are not prepared to take the risk of moving jobs at the moment unless they have been made redundant or have some other reason for moving, such as relocation.

Donza, you may find that now you are immediately available more contract opportunities are available to you - are you looking at contracts as well as permanent?

 

[High-Lo]

Good luck with the jobhunting Donza. The place where I have been working for the last 2.5 years as an IT contractor recently announced that they were scaling back their London office and would be getting rid of around 200-300 members of staff. That clearout has been happening all of this week so it has not been a nice time to be around and watching fellow colleagues being made redundant and escorted out of the building. Thankfully I had managed to secure another job at my old workplace a week ago. I gave in my notice at the beginning of this week so I will never find out if I was in line for the chop. Bad times ahead indeed

 

[A210AMG]

50-60 hrs a week would be a walk in the park for my Wife.

Until she went part time 100hr weeks were still on the cards (Hospital Doctor). These hours were meant to be stopped due to the working times directive but the NHS just seem to create their own rules.


Its a bit late now but you are always in a stronger position looking for work while in work? especially now in the economic market. You could have started to look into doing it yourself while at lest still getting paid.

I have colleagues who have done this and when their business has enough work they then cut the rope. At least your pay was guaranteed each month.

Hope you get something sorted however.

She would regularly leave at 6-30am and get back at 11pm and thats a normal day. Also work 10 lates straight through.

Not being funny but your sums not adding up may cause grief but if she gives the wrong medicine then its a whole different ball game.

 

[crockers]

Trouble is most companies get you to sign a disclaimer to the EU working times directive.

If you haven't signed it and need to leave on health grounds due to the hours you are forced to work - you may have some redress. Trouble with going that route is you can get labelled.

Good luck with your search

 

[wemorgan]

Not being funny but your sums not adding up may cause grief but if she gives the wrong medicine then its a whole different ball game.

I'm certainly in favour of doctors working shorter hours and improving patient care, but some have not helped their cause, like GPs earning £100k+ and yet doing less than before, with opening hours convenient to them and not patients.

 

[A210AMG]

Granted for GP's


I think you would be suprised what normal doctors get, and certainly working out the per hour rate its best not to

 

[st4]

I have been out of decent work since July. Its very tough out there at the moment and I now am "temping" just to keep the CV on the go and money coming in.

Personally Donza, you may have to set your sights a little lower to get in employment, I am earning 70% what I earned 3 month back and doing a much more menial role too.

My advice is to join an agency, get them to find temporary roles for you just to keep you earning, being a qaulified accountant you will get some work, it just may not be as good as you had, but its better than nowt.

 

[Donza]

I have been out of decent work since July. Its very tough out there at the moment and I now am "temping" just to keep the CV on the go and money coming in.

Personally Donza, you may have to set your sights a little lower to get in employment, I am earning 70% what I earned 3 month back and doing a much more menial role too.

My advice is to join an agency, get them to find temporary roles for you just to keep you earning, being a qaulified accountant you will get some work, it just may not be as good as you had, but its better than nowt.

If i set my sights lower, i price myself outside my peers. Cant do that...

If i'm unemployed for a few months then i will definetly consider temping..

 

[st4]

If i set my sights lower, i price myself outside my peers. Cant do that...

If i'm unemployed for a few months then i will definetly consider temping..

I felt the same, coming from a decent investment administration role I turned my nose up at jobs, which to be frank, are less menial than the one I am doing now as I thought I'd do better. I went thru a rigerous 3 stage interview process with Barclays Wealth and then was given various bits of HR speak like "glitch with our processes" to be told the job was no more, even though I was the "strongest candidate". I was interviewed by resolution 3 months back and still haven't had any real feedback, last I heard from the agency is that "they were wanting more CV's to really make sure they get the right one".

You'll obviously know your financial position, and maybe you can afford to be out of work for a few months, but it will be harder to get back into work, whereas if you go to a job interview (for a "decent" job) and you're working, it can't count against you. Yiu're not pricing yourself out from your peers, you're just biding time, earning money, until you can secure another permanent role IMHO.