Strategies to Help Offset Diminishing Job and Income Security

With company downsizing and employee layoffs still looming at many companies, there’s no time like the present to act on strategies that can help prop up your current or future job and income security. To explore these CBS MoneyWatch.com strategies, click here.

Phone Interviews Growing in Popularity and Complexity

Companies and recruiters are turning to phone interviews and asking in-depth questions to identify the best candidates from the large pool of qualified candidates who are responding to their job postings. What may have typically in the past been a brief phone interview with general questions has become an hour-long interview. Plus, potential candidates are expected to speak in detail about their work history, including providing specific project examples and statistics that demonstrate their strengths and successes.

To read more about phone interviewing and find tips that will help you prepare, click here.

Simple Resume Tips for Managing Employment Gaps

It is not uncommon for job seekers to have gaps in their employment history. However, for obvious reasons, most employers want to see a stable employment history in prospective candidates. So if you have a gap, how should you best handle it in your resume? Most experts advise the following dos and don’ts:

Do not make a specific statement in your resume to handle larger employment gaps—this should be done in an interview (it may be explained in a cover letter too, but keep it to a sentence or two).

Do not be concerned about small gaps in employment of a few months or less. Small gaps typically do not need to be addressed, since most employers consider this time reasonable for job searching and interviewing.

Do use years and not months to notate blocks of employment history in your resume.

Do use a functional resume (focus is on skills) rather than a chronological resume. A functional resume also allows for aligning skills to a particular job posting, as well as emphasizing the most important or stronger skills.

Do stay networked and connected to your profession by keeping in touch with those in your profession and past co-workers, maintaining your membership in a professional association, and reading up on trade journals/magazines, etc. Be sure to bring these points up either in your resume, cover letter or interview.

Do stay productive during your time off by taking additional training or continued education courses, and volunteering in various organizations or in your community. Definitely include your training and volunteer work on your resume. Training can be listed within an Education & Training section, and volunteer work could go under Work Experience or be its own section called Volunteer Experience.

Employment gaps shouldn’t become a mental block to finding your next job—follow these tips and find others for addressing employment gaps in a positive manner and move on.

Career Transition: Entrepreneurship

Did you know that the average person will change jobs 10 times between the ages of 18 and 38? Considering the current state of the economy, it isn’t surprising that more people than ever are finding themselves in the position of transitioning to a new job or career. What you may find surprising, though, is that many people--from dislocated workers to recent retirees--are not only considering a career transition, but are preparing to launch their own business. Starting a business during a recession is not a new phenomenon. According to a recent study conducted by the Kauffman Foundation, more than half of the companies on the 2009 Fortune 500 list were launched during a recession or bear market, along with nearly half of the firms on the 2008 Inc. list of America's fastest-growing companies. If you are interested in a career transition that involves entrepreneurship, consider making use of the resources provided by the U.S. Small Business Administration (SBA). The SBA, which was created as an independent agency of the federal government, helps Americans start, build, and grow their businesses by offering information on everything from writing a business plan to obtaining financial assistance to connecting with other small business owners. They also provide free online courses and links to local resources to help get you started. After you check out the variety of free tools and resources provided by the SBA, be sure to read this story of 10 accidental entrepreneurs who turned unexpected business opportunities into successful careers.

Mentoring and Career Development

Once you embark on a career path, it’s important to find someone who can offer sage advice for your occupational advancement. That someone is oftentimes a mentor. As you gain experience, you may consider becoming a mentor yourself. Personal branding strategist and professional speaker, Lethia Owens, describes a successful mentoring relationship. “Mentoring is about sharing knowledge and experience with an individual, and, in this case, helping them improve career success. Mentoring builds communication skills for the mentor, as well as providing them with an experience that is viewed positively by organizations for their own career development. An individual who is mentoring another is, and is acknowledged to be, a leader and an expert in their field.”

Visit this site for more suggestions on building effective mentoring relationships and find out which critical qualities a mentor should possess.

Steps to Take Before Transitioning to a New Career

New York University career counselor Linda Stone recommends taking the following steps prior to transitioning to a new career:

• Recognize that change is a process and that the pace of change varies.
  
• Understand why you feel unfulfilled in your current job.
  
• Assess your skills and achievements and figure out what you want to continue to develop.
  
• Research and conduct informational interviews. Network.
  
• Recognize that everyone has personal barriers and constraints in changing careers.
  
• Develop short- and long-term goals with realistic objectives based on the first five steps.

Click here to read the stories of four recent career changers who are currently pursuing their dream jobs.

Self Assessment, the Key to Successful Career Planning

The self assessment process is an integral part of career planning whether you are embarking on your first career or preparing to transition from one occupation to another. A self assessment of your values, interests, personality, and skills can help guide you to a more fulfilling career. Career planning professional, Dawn Rosenburg McKay, stresses the importance of a values inventory. “Your values are possibly the most important thing to consider when you're choosing an occupation. If you don't take your values into account when planning your career, there's a good chance you'll dislike your work and therefore not succeed in it.” Visit this site for more helpful information from Dawn on the self assessment process.