8 Dilemmas Facing Executives in the Job Search

Dilemma 2 - Economics of the Job Search

When downsized or unemployed, an executive's financial picture can be very bleak because of lack of income and monthly expenses. The longer the search lasts, the more expensive it becomes and eventually it erodes the financial retirement picture.

Here is an exercise to test where you stand in the financial aspects of your search. Take the salary you aspire to and enter it into the table. Then, add your monthly expenses into the box below. Use this calculator to determine what this search is costing you daily, weekly and monthly.

Enter your desired income:

Enter your monthly expenses:

Please enter the number without commas.

Each Day You Delay In Securing Your New Job Cost's You Money in both in unearned income and expenses.

Total Annual Cost: $

Total Monthly Cost: $

Total Weekly Cost: $

Total Daily Cost: $

Given the present and future value of money invested, no matter how savvy an investor you are, it is unlikely that you will recover this unearned income loss during your lifetime. Therefore, your primary job search objective should be to do whatever it takes to shorten your job search and reduce your financial estate liability.