Should You Look for a New Job Now?

It's old news. The dot-com wave has subsided and several leading online brokerages have laid off employees, requested unpaid furloughs and reduced executive salaries. Are you scared yet?

Well, don't worry too much.

"When the economy slows down, it creates anxiety," admits Paul Richardson, a managing director at Korn/Ferry International, a leading job search firm. "We see executives trying to come back to mainstream companies after leaving dot-coms. But the good news is there are plenty of companies looking for strong employees."

But what if you left the safe haven of a stable job to work at a dot-com or two? Will the old stalwarts take you back?

Chances are they will, Richardson says. "Firms are cutting employees more slack. The fact is, you may be a better employee because of your dot-com experience. You tried to make something out of nothing, and you probably learned things you wouldn't have learned in your old job."

Richardson cautions that companies will shy away from applicants who took numerous risks without success. "They'll probably question your judgment. Companies want to see that you had a stable, successful career before you left for the dot-coms. You stayed at one or two companies for a few years, and you earned some promotions."

"If you've been job-hopping," Richardson says, "you might have trouble finding a job no matter what's happening in the economy." Switching jobs, say, five times in the last nine years would be considered excessive. Put together a cogent game plan for your job search, Richardson advises, and if you have a strong track record, you'll find something quickly. To see what types of jobs are out there, visit hot job sites such as Monster.com or CareerBuilder.com. - - - - - For more advice about careers and self-employment, visit the ThirdAge career center.
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