Job seekers appear built for endurance

Taking into account savings, severance benefits, and financial adjustments they say they've made, most job hunters can afford a job search lasting close to half a year, according to a poll of 725 "outplaced workers" by career-services firm Lee Hecht Harrison (LHH), in Woodcliff Lake, N.J.

Some 56 percent of respondents believed severance alone would cover them for the duration of their search, according to Bernadette Kenny, LHH executive vice president. Those polled reported a median severance of 15 to 16 weeks.

The group also appeared well prepared. Forty-five percent had at least five months of take-home pay in the bank at the time they were laid off.

You've read 3 of 3 free articles. Subscribe to continue.
QR Code to Job seekers appear built for endurance
Read this article in
https://www.csmonitor.com/2002/0325/p16s05-wmgn.html
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe
CSM logo

Why is Christian Science in our name?

Our name is about honesty. The Monitor is owned by The Christian Science Church, and we’ve always been transparent about that.

The Church publishes the Monitor because it sees good journalism as vital to progress in the world. Since 1908, we’ve aimed “to injure no man, but to bless all mankind,” as our founder, Mary Baker Eddy, put it.

Here, you’ll find award-winning journalism not driven by commercial influences – a news organization that takes seriously its mission to uplift the world by seeking solutions and finding reasons for credible hope.

Explore values journalism About us