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How Much Do You Lose Each Week You're Not Working?
An excerpt from reCareered's 3/14/12 newsletter that discusses how to calculate and use your opportunity costs ...
Do you know exactly how much it costs you each week you're out of work?
Most in-transition job seekers are acutely aware of their "burn rate", the amount of savings used to support yourself while in job transition.
But fewer in-transition job seekers have the same awareness of their opportunity cost - how much is lost by not working.
You'll want to think about opportunity costs on a weekly or a daily basis - it reflects how you make job search related decisions.
If you're focusing just on your annual salary and dividing by 52, you're underestimating your opportunity cost by a significant amount.
Learn how to calculate and use your opportunity costs, by reading:
https://recareered.infusionsoft.com/app/hostedEmail/6105941/17d5c6a...
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Tags: career, career advice, job search advice, job search help, job search information, resume, resume advice, resume help, resume how to, resume info, More…
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