How to Make Money While You’re Out of Work

Last year I gave a job-hunting webinar that focused on the in-between time between full-time roles. As you get anxious for the next interview and as you try to stretch your unemployment benefits, you need some income and you need it NOW! So, with that in mind, I share various ways you can legally make money doing what you already know.

And just as a FYI, no “stay at home” get rich quick schemes were talked about during this webinar. I simply relayed my past experiences and gave my two-cents of advice. If you have 30 minutes to kill, take a listen. (And let me know what you think?)

How To Pick The Right Career (Part 1)

If someone were to ask me, “Jim, what is the right career for me?”

I would probably shrug my shoulders and say something like, “Umm… I don’t know. Probably the career that will be there next year and for years to come.”

What do I mean by that? Simply put, industries are hot one minute and then laying off the next. You can give your life to a particular trade and before you know it, you are replaced by some form of technology. How can you safeguard against that? Well, one way is to put your tax dollars to work. The Bureau of Labor Statistics is a government agency that studies and measures what is going on in the world of labor. One of the studies it focuses on in particular is Occupational Projections. In other words, they see what has been hot and by using statistical data, they make their best guess on what will be hot later. Let me show you how it works.

Step 1: Click this link and A) select a search method. For our demo, I choose to search occupations by keyword. For giggles, I choose “recruiter.” With that done, B) I click “continue.”

Step 2: I get a list of occupations to refine my search further. I choose the first on the list – “Employment, recruitment, and placement specialists” and then I click the “Search” button. (See the *asterix?)

What is the right career for me?

Step 3: I review the data and make a judgement call. This is what the data is telling me.

  • In 2008, there were about 207,900 Recruiters employed and by 2018 there will be about 265,900 thousand Recruiters employed.
  • Between 2008 and 2018 there will be about a 27.9 percent increase in Recruiter jobs
  • In 2008, about 1.6 percent of Recruiters were self-employed
  • Between 2008 and 2018, there will be about 112,300 job openings for Recruiters
  • In 2008, the average annual wages for a Recruiter was $45,470.00 which was rated “High” when considering salaries of jobs overall in their survey
  • It also states that a Bachelor’s Degree is the most significant source of education or training for this role. (Although I would debate that.)

How to pick the right job

So there you have it! Do a search on the career you are currently in and then in careers you may have had a bit of curiosity for. Ask yourself the following questions:

  • Is the average salary of the job I am considering fitting my lifestyle (or at the least, the lifestyle that I want)?
  • Will there be a significant number of jobs for me over the next few years?
  • If I ever wanted to make this job a self-employed business, what are the chances of that?
  • If a college degree is the most significant source of training, am I willing to devote time towards that goal?
  • BONUS QUESTION: If I am entering college now, am I studying (and spending my parents money) on something that may be difficult to get a job for later? What are the chances that I will get a high ROI on my degree?

I hope this gives you some good food for thought? I look forward to reading your comments below.

– Jim Stroud

How To Find a Job Before The Job Description is Written

One sure way to get a jump on your job hunting competitors is to apply for work before the job description is even written.  How does one do that? Simple. Look for news stories that feature companies that are planning to make massive hires! More than likely if a company is going to hire hundreds of people at a time, they are not going to post those hundreds of jobs on job boards at once (especially in this economy).

What then? Network with people who work at those companies and send in your resume ahead of time to Recruiters. In this way, you get to be among the first in line.

Food for thought, check out the news stories below:

100+ Jobs pending in Cary, North Carolina

500+ Jobs pending in Dallas, TX

20+ Jobs pending in Saginaw, MI

100+ Jobs pending in Orlando, FL

240+ Jobs pending in VA

Jobs pending in Costa Mesa, CA

80 Jobs pending in CA

600 Jobs pending in Ohio

350 Jobs pending in Oregon

Jobs pending in Los Angeles, CA

500 Jobs pending in Louisianna

200 Jobs pending in Michigan

100 Jobs pending in Ohio

100  Jobs pending in Puerto Rico

190 Jobs pending in Ohio

850 Jobs pending in Lexington, KY

In case you are wondering how I came up with this list, I did a search on Google News.

I searched Google News in the following way:

What the search means is that I am asking Google to search the title of news stories for the terms “Is hiring” or the term “New Jobs.”  The results were the ones that I shared above. If I wanted to refine my searches a bit more so that I am looking at jobs in a certain area, I would add a city or state.  For example…  intitle:is.hiring | ohio

If I wanted to refine it further, I could show news posted in the past hour,  day, week,  month, et cetera by clicking the links on the left side of the screen.

Oh! One thing I notice about this strategy is that timing is everything.  Since these are news articles, some of these leads may be still listed whereas others might have expired and still others might be in the archives of a site and as such, a subscription might be required to see it.  Just fyi…

If you found this type of info useful, let me know and I may do more. Just let me know…

Happy Job Hunting!

Jim Stroud

Don’t waste time talking to the wrong recruiter

Can I tell you a secret?

If you meet a Recruiter during your networking activities, don’t waste your time talking to the wrong one. Although many people believe the contrary, there is no one size fits all when it comes to Recruiters. When I was Recruiting for Lanta Technology Group (way back in the day) I staffed startup companies, mostly Executive and Technical talent. (Good times.) As such, I was always on the hunt for new talent and new business, so I networked all the time. It was not uncommon to meet someone, introduce myself as a Recruiter and get tossed business cards and resumes like.. like… opportunity seeking Ninjas on a mission.

So many times I wanted to say (and have on several occasions) that I cannot help you, try talking to this other recruiter guy I know. When I did that however, I could see in their faces that they thought I was being rude and (honest) I was not. I worked in a particular niche and built my contacts there, so if someone handed me a resume for a School Teacher or a CPA, I had no leads. I wish back then that I could have directed people to FollowerWonk. It would have saved me a lot of time. You know what I mean? Hm… Maybe you don’t.

Followerwonk is a search engine for Twitter bios and it is soooo simple to use. All you have to do is add in your key terms like, um… recruiter and retail (assuming of course that you are looking for work in the retail industry), then click the “Search Twitter Bios” button.

Followerwonk will then search Twitter for people who have used the terms “recruiter” and “retail” in their descriptions.

You will no doubt notice that the words “recruiter” and “retail” are being highlighted. Let’s go a bit deeper and click on one of the links provided.

Well, lookee here! –> I am a recruiter in the retail industry based in Toronto – interested in learning from others and meeting retail superstars for our amazing stores!!

Try using Followerwonk to find recruiters in your niche and save yourself some time. Make sense? Hmm… Now that I think about it, it would not have mattered if Followerwonk was around during my Lanta days because Twitter had not been invented yet. Oh well, nevermind.

-Jim Stroud

Unemployment Numbers You Need To Know

Although I hate taxes as much as the next guy, I have to appreciate some of what I get for my money. Case in point, how often do you check the U.S. Bureau of Labor Statistics? Okay, there was a time would I would have said “never” as well. However, I feel myself being pulled back to it from time to time because of the piles and piles of data it has. For example, late last year (or was it early this year?) the BLS published a report called “Employment Projections: 2008-2018 Summary.” What did it do? In a nutshell, it looked at a bunch of numbers and predicted which industries would boom over the next decade and which one would go the way of the dinosaur.

Hint! Hint! If I were a college student picking out a career or someone who was about to invest in some vocational training, I would look really hard at data like this. It would be a tragedy to invest so much time and energy into an industry that will (most likely) be irrelevant by the time I graduate or complete my training program. (Make sense?)

Okay, here are the highlights from that report:

The top 10 growth industries:

* Management, scientific and technical consulting services
* Offices of physicians
* Computer systems design and related services
* Other general merchandise stores
* Employment services
* Local government, excluding education and hospitals
* Home health care services
* Services for the elderly and persons with disabilities
* Nursing care facilities
* Full-service restaurants

The top 10 industries expected to experience the steepest employment declines:

* Department stores
* Semiconductor and other electronic component manufacturing
* Motor vehicle parts manufacturing
* Postal service
* Printing and related support activities
* Cut and sew apparel manufacturing
* Newspaper publishers
* Support activities for mining
* Gasoline stations
* Wired telecommunications carriers

And here are a few more interesting tidbits you might want to know:

* As Baby Boomers grow older and continue their trend of increased labor force participation, the number of persons ages 55+ in the labor force is expected to increase by 12 million, or 43% percent, during the 2008-18 period. Those ages 55+ are projected to make up nearly one-quarter of the labor force in 2018.

* Young people (age 16-24) are expected to account for 12.7% of the labor force in 2018, and persons in the prime-age working group (ages 25- 54) to account for 63.5% of the 2018 labor force.

* Hispanics (who can be of any race) will join the labor force in greater numbers than non-Hispanics. The number of Hispanics in the labor force is projected to grow by 7.3 million or 33.1%. Their share of the labor force will expand from 14.3% in 2008 to 17.6% in 2018.

* All but three of the top 30 fastest-growing detailed occupations are found within professional and related occupations and service occupations. Seventeen of these rapidly growing occupations are related to healthcare or medical research.

So there you have it ladies and gentlemen, your tax dollars at work.

-Jim Stroud