Relocating for a Job May No Longer Be an Option

relocationRelocation is less of an option for many job hunters, reports CNN Money.

The biggest reason is that, with so much talent around, employers are less willing to pay to relocate a new hire, including buying the house. According to a new study by outplacement firm Challenger, Gray & Christmas, during the third quarter of 2010, relocations dropped to a record low of 6.9 percent, down from 13.4 percent during the same period in 2009.

A secondary reason is that, without an employer offer to buy their home, job candidates with mortgages under water are reluctant to sell that property at a loss. That decision, of course, can limit their options. A way around that obstacle is to make a house a rental, managed by a real estate company that specializes in that niche. The ambitious are doing just that and moving on their own dime to areas where the jobs are such as Utah and Washington D.C.

However, there is good news, points out CNN Money.

One part of it that good news is that unemployment is down in 167 metro areas during the past year, reports the Bureau of Labor Statistics. That can provide a psychological lift to job searchers, making them feel less desperate. As a result, they will probably be more effective applying for opportunities in their own backyard and not even consider positions that demand a geographic move.

The other part is the reality that more jobs, ranging from the traditional full time ones with benefits to part time ones with no or few benefits, can be done on a telecommuting basis. Often employers might require only a few trips a year to headquarters. That means the pool of possible employment has widened, even for those in economically depressed areas where housing sales have stalled.

Therefore, you have every reason to have renewed optimism. That should show itself in how you job hunt. That how entails custom-making every cover letter, resume, and interview. You align it to the unique organizational culture of the employer and the very specific requirements of the job. Any generic approach is a red flag to employers that you are, as they say, not into the job.

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