What does it mean to be ‘Underemployed’?

The National Unemployment rate is at a 17-year low according to The Bureau of Labor Statistics, but this doesn’t paint the whole picture. Many employed workers have jobs that offer less than full-time hours or a job that doesn’t adequately meet the qualifications the employee possesses such as training and education.

This is referred to as “underemployment” and many people across a variety of demographics are affected. College grads, highly skilled foreign workers whose credentials don’t translate, trade workers, and the disabled are a few examples of the underemployed and according to the Bureau of Labor Statistics there isn’t yet a way to quantify its effect on the economy directly. So we don’t really know how many people, though employed, aren’t meeting their professional potential.

What do you do when you’re underworked and undervalued?

Tip 1: Apply for Jobs Within ±2 Years of Your Experience

Don’t be intimidated by the job description. If you’re within ±2 years of required experience, hiring managers will often consider you “close enough.” Be flexible and remember that you don’t necessarily have to fit the job post 100%.

Tip 2: Tough it out while you look elsewhere

We found that people who weren’t currently employed took a hit — they were 149% less hireable. Keep your current job regardless of your hours or the type of work while you look for something more fitting. Take advantage of having a position right now and look while you work.

Our data also shows that toughing it out for at least 18 months improves your hireability by 18%!

how-long-should-you-stay-before-you-quit

Tip 3: Start Freelancing!

Regardless of why you’re underemployed, freelancing can help bring you to the next level. Not only does freelancing provide flexibility in hours and style of work but freelancing jobs and gigs provide the experience you many need to attain your ideal job. For example, if you’re working a part-time in a different industry, freelancing on the side keeps your foot in the door of where you want to be while maintaining your skills and community presence.

Are you currently working a less than ideal job or gig? For $10/month we can automatically find the best jobs and pre-fill job applications for you based on your desired role, location and years of experience. In addition, you’ll get our Interview Guarantee — if we can’t get you an interview within 60 days, we’ll refund everything back to you, guaranteed. (90% of job-seekers using TalentWorks get an interview in 60 days or less).

Unemployment is at a record low. Where’s my job?

Dear Sarah,

Apparently, unemployment is at 3.9%…but, I’m still looking for a job. How do I reconcile this and, you know, find one?

Thanks,

Feeling Alone Right Now

Hey FARN,

Jobless rates are at a five-decade low having just recently dipped from 4% (2/10 of a percentage point lower than it’s record low in The 60s). Significant!

Screen Shot 2018-08-05 at 6.02.01 PM
US Bureau of Labor Statistics

Understandably, this is frustrating to read if you’re an active job seeker. Job hunting sucks and there are a variety of factors that are stacked against you of which you have no control.

‘What are you not doing’, you ask?

Here are a few data-backed tips that may help:

The Job Search… just go for it!

If you meet more than 60% of the job qualifications, you should apply! Many people, in particular women, will avoid applying if they’re not 100% qualified. Apply to as many jobs as you can to make up for the fact that any single job you apply for online is nearly zero.

Your Resume

Not only should you have a simple machine-parsable resume format but you should include as many keywords as possible in your resume AND cover letter from the original job posting.

Screen Shot 2018-08-05 at 6.06.05 PM.png

Also, describe your job achievements with different action verbs. This one resume tip is is associated with +139.6% boost in getting more interviews. Literally, all you have to do is change the first word in your resume skill set to an action word and it increases your chances of an interview over competition by +140%! Also, if you describe the different things that you did at that company with different action verbs, you’ll have finished strong.

In Person

If you’ve made it to the interview stage of your job search journey you have a solid chance of getting the job. Be your charming self and relax knowing that you’ve made it this far.

Oh, and be sure to get the earliest appointment you can in the day when interviewing. Interviewers get hangry.

All the best!

 

ask-sarah-1

ask-sarah.png