Is a Professional Resume Worth It?  Economics of a Job Search

Is a Professional Resume Worth It?  Economics of a Job Search

Let’s look at a hypothetical situation involving the time and resources it takes to search for a job and whether the cost of a professional resume is worth the investment.

There are many factors that can influence the time it takes to find a job.  These factors include the industry you are in, the demand for the position you are applying for, your qualifications and experience, your resume, and your interviewing skills, to name a few.

But let’s assume for the sake of this blog that at a minimum it will take you 6 weeks from day one until you are offered a position.  A month and a half to find a job.  For a lot of people that is a long time to go without pulling in a paycheck.  If you are strapped for cash this could be detrimental to you and your family.  So, if you find yourself in this type of position is it worth coughing up the money to hire a professional resume writer or interview coach?  Let’s look at some numbers.

Salary: $60,000 annually

Weekly income ($60,000/52 weeks) $1,153

6 weeks without income = $6,918

Wow!  Not working for 6 weeks at a salary of $60,000 is almost $7,000 in lost income!  This doesn’t even include the loss of benefits, 401K contributions, vacation time, etc.  This is a big impact!

So, what can you do to minimize this loss?  Resume writing service fees are all over the board, and generally speaking, you get what you pay for.  Let’s assume for the sake of this blog you hire a certified professional resume writer to complete your resume, cover letter, and update your LinkedIn profile for a fee of $500.

For $500 you are now armed with professionally created personal marketing tools that are optimized to get you through ATS (Applicant Tracking Systems) and garner the appeal of recruiters on LinkedIn, etc. that are now fighting to get you a job.  You have a professional presence and will now have a greater chance of getting callbacks and interviews.  Let’s say you nail a job interview and land a job.  By working with a professional, you’ve shortened your job search time by 2 weeks.  Let’s do some more math.

Weekly income ($60,000/52 weeks) $1,153

4 weeks without income = $4,612

Cost of resume service = $500

Total income loss and out of pocket cost for resume services = $5,112

Amount you now earn by being hired in 4 weeks compared to 6 = $1,806

As we’ve demonstrated in this example if you invest $500 to hire a professional resume writer, which results in being hired 2 weeks sooner than average, you earn $1,806 compared to losing out on the opportunity.  This is beyond a 300% return on your investment!  We like to think you are worth investing in.   And based on this example it is worth the investment to work with a certified professional resume writer whose mission is to get you results.

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Power Writers USA wants to know what you think of this, and other blog articles we post.  Your career change is unique and PWU is here to help you along the way with Resume Writing Services, Cover Letter Writing, CV’s, LinkedIn Profiles Updates, and more.  Contact us now for a free consultation and resume evaluation!

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