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Archive for August, 2008

CareerDiva: “Step away from the computer!”

Published by Sanjay under Career advice, Job search
Aug 27, 2008

Frustrated $100K professional who needs to join RiseSmartEve Tahmincioglu of MSNBC.com and CareerDiva was kind enough to write a post on RiseSmart’s job-search survey results. She agrees with us that jobseekers are spending too much time on the Internet looking for jobs — an average of 50 hours per month for the majority of jobseekers, according to the Kelton/RiseSmart survey. Writes Eve:

There’s nothing wrong with using the Internet for your job search but don’t use it as a crutch … [S]tep away from the computer. You never know what you might find…maybe a job.

Eve did wonder why we didn’t ask jobseekers about their results — since it would be nice to know if all this searching was paying off. The answer, quite frankly, is that we limited the scope of the survey to manage our costs; we are a startup after all. We hope to commission a full study in the future.

In the meantime, I will tell you that I personally believe that there’s a distressingly low correlation between the amount of time spent searching and actually finding a job.

The purpose of our survey question, part of a Kelton Research omnibus, was to help people understand just how much time they are spending searching online. From the e-mails I’ve gotten since we began sharing survey results, people have been shocked to learn how much time they’re devoting to job sites.

There’s a psychological aspect to this. Particularly when people are out of work, they feel like they should be doing something — anything! So a lot of them just keep poring over different job boards, filling out profiles on those sites, etc., when they should actually be doing more constructive activities like personal networking.

We created RiseSmart specifically to help people, as Eve puts it, “step away from the computer!” Let RiseSmart conduct your online job search for you, so you can do something that will make better use of your time. Find out more here.

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Survey: Online job searches are a job in themselves

Published by Sanjay under Job search
Aug 25, 2008

Online job search survey

We issued a news release today based on results of a survey conducted by Kelton Research and commissioned by RiseSmart. Here ’tis:

A faltering economy and corporate layoffs mean that more Americans are turning to the Internet to find a new job — and they’re finding that online job searches are a job in themselves. A recent survey by Kelton Research, commissioned by RiseSmart, shows that a majority of online jobseekers are spending an average of 50 hours per month searching the Web for work.

“Since jobseekers generally spend only an hour or two per sitting on their online job searches, they often don’t fully understand the enormous amount of time they devote to this activity over a period of weeks or months,” says Sanjay Sathe, founder and CEO of RiseSmart, the human-powered job search site that prescreens $100K+ job opportunities for senior-level professionals.

The Kelton/RiseSmart survey of 1,000 nationally representative Americans, aged 18 and older, revealed:

*Among jobseekers who use the Internet in their job search, 58 percent of respondents searched online at least an hour per day.

*Of those respondents who searched online at least an hour per day, the average time reported searching online is 2.5 hours per day.

*Among jobseekers under 35, nearly 40 percent spend 2+ hours per day searching online.

*Nearly 1 in 3 workers (32 percent) who are currently employed are spending at least an hour a day online in job searches.

*1 in 10 online jobseekers search for 4+ hours per day.

Sathe says the results of the survey drive home the benefits of a job-search service like RiseSmart Concierge. RiseSmart Concierge delivers prescreened $100K+ job opportunities to senior-level jobseekers. The service assigns each subscriber a RiseSmart Concierge — a real person — who uses the jobseeker’s profile and career objectives to find relevant openings from across the Web. These job openings are delivered to subscribers as they are identified.

“Assuming 2.5 hours searching, 20 days per month, the study shows that the majority of online jobseekers are spending an average of 50 hours per month searching the Internet for jobs — time that could be saved for as little as $43.95 per month with RiseSmart,” Sathe says.

To learn more about RiseSmart Concierge, view the demo at www.RiseSmart.com/demo.

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RiseSmart discusses “life after Wall Street” on CNBC

Published by Sanjay under Career advice, RiseSmart news
Aug 08, 2008

RiseSmart is featured in a story, headlined Life After Wall Street: Planning Your Next Move, published today on CNBC.com.

The premise of the story is that, with 80,000 Wall Street workers getting pink slips in recent months, many of them are looking to change careers. What careers are good fits, and what other advice can help these workers in their searches?

The article quotes me recommending what I think is one of the best options: IR.

Another good fit is investor relations. If you already know Wall Street, that makes you an extremely attractive candidate for working on the other side, as a company’s liaison with Wall Street.

“For Wall Street junkies, it’s a way to still be very engaged with the financial-services industry while working for a company in a different industry,” says Sanjay Sathe, founder of RiseSmart, an executive-search firm.

I also preach patience in the job search — because I’ve been there.

When you lose your job, it can feel like you’ve fallen off the corporate ladder and all your hard work is down the drain.

But it can be just the opposite.

“Life is more forgiving than that,” says Sathe, who started RiseSmart after being laid off from Travelocity parent Sabre Holdings in 2007.

“You can have a great, successful life and still have some detours on your path,” he says. “In fact, many people, in looking back … consider these detours to have been the most important times in their lives.”

I have some additional advice that I’ll save for a future blog post.

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