On average, jobseekers are spending £1.44 billion a year on searching for their ideal job
New research from totaljobs as part of its #MillionPoundJamie campaign has found that jobseekers are spending up to a staggering £1.44 billion a year on their job hunt. Each jobseeker spends on average up to £852 a year on interviews, which includes new clothes, courses and training, transport and haircuts.
Jobseekers spend approximately £146 on every job interview they attend, including £33 on a new outfit, £20 on new shoes, and £24 on transport. 16-24 year olds spend the most out of any age group, spending up to £167 on average for every interview.
However, despite this huge outlay, the data also reveals that 27% of jobseekers don’t research the role when preparing for a job interview and 60% don’t update their CVs for each role applied for – a basic and key component of any job hunt. Furthermore, 37% of jobseekers don’t research the industry when preparing for a job interview.
India Ford, an internationally renowned body language expert, commented: “97% of all hiring managers will make a subconscious decision on whether to hire you within seven seconds of you walking in – a decision that will be primarily based on your body language. Your posture, the way you walk, sit, move, make eye contact, your facial expression, and your gestures will all play a major role in a successful outcome.”
The report also found that individuals searching for jobs don’t get a good night’s sleep (58%) and nearly all don’t eat well before an interview (85%). However, additionally 6% have a manicure, 28% shave, whilst only 6% bother to polish their shoes.
It therefore come as no surprise that totaljobs research reveals that 76% of jobseekers are finding the job hunting process difficult while 81% have job hunting fears. Fears include not being invited for interview (28%), never finding a new job (16%) and not having the right or enough experience (13%).
Age also appeared to be a concern amongst many with almost two-thirds (63%) of 55-64 year olds saying they have felt discriminated against by a prospective employer because of their age, despite the over 55’s often being the most prepared for an interview. A third of the over 55’s (32%) spend 1 – 2 hours prepping for an interview compared to just a quarter (25%) of 16-24’s who spend the same time.
John Salt, group sales director, totaljobs, said: “It’s concerning to see the amount of money that jobseekers are spending to get themselves noticed, when they are not preparing in some of the most basic, low cost, but effective ways they could be.
“Simple things like researching the role and the industry will obviously count for a lot at interview stage, as will the way jobseekers come across generally to their prospective employer in interview.”