I can’t read my newsfeed anymore without seeing an article talking about the Great Resignation of 2021. If you’ve been too busy enjoying post-quarantine freedom and haven’t seen it yourself, let me bring you quickly up to speed.
95% of workers are considering changing jobs, according to a report by Monster.com. And to further reinforce this fact, a record 4 million people quit their jobs this past April, according to the U.S. Department of Labor.
What’s driving this mass exodus? No surprise, it appears to be led by people re-evaluating their career options as many companies are asking employees to return to work without the option to work remotely.
It’s also fueled by people who are feeling burned out or see a lack of career growth opportunities at their current company.
The good news in all of this is that companies will have a LOT of roles to fill. The bad news is that this means there will be a LOT more competition for those same roles.
If you are one of the millions who have already quit your job, or you are planning on leaving your job, check out my 5 tips that will help you prepare for a product manager job search during the Great Resignation of 2021.
1. Don’t quit until you’ve been hired elsewhere
It’s always easier to get a job when you have a job. You are perceived as more valuable to prospective employers. The risk of quitting before you land a job is that you could end up with a career gap that you may have to explain later on. You should also know how long you can go without having any income or health insurance. Obviously, this is a highly personal decision and you may have very valid reasons for needing to quit immediately. Do what is best for you.
2. Build your network
Using your network to find a job is the most effective thing you can do. Research shows that 80% of the available jobs are not even posted in online sites such as CareerBuilder and LinkedIn. You read that right. Kind of unbelievable isn’t it?!? So many people looking for product manager jobs have been disappointed by applying to hundreds of jobs they found online. The best thing you can do is tap into your network and look for hidden jobs.
3. Join one of the many product management online communities
I wrote about these communities in my blog post “50,000 Product Managers are waiting to connect with you!” And the title doesn’t lie. If you were to join the four product manager communities I describe in that article, you would have access to 50,000 product managers that are actively engaging in a vibrant community where you can find jobs, learn about best practices and so much more. If you’re not already a member of an online community like this, I highly recommend you do so today!
4. Don’t dive into those job boards or start working on your resume
I realize this tip may surprise you, but before you look for jobs or update your resume, it’s important to spend time assessing your skills, evaluating your strengths and weaknesses, and creating an elevator pitch. Yes, that’s right. You should create a personal elevator pitch before you update your resume, your LinkedIn profile, or look at job postings.
Understanding your skills and expertise and honing that down into an impactful elevator pitch is something I teach in my PM Job Search Bootcamp. This is foundational work that you need to do before you work on your resume and apply to product manager jobs.
5. Get the help of an expert
Whether you are just starting out or you’re a seasoned product management leader, the thought of starting a job search and landing that next job strikes fear into all of us. The key to a successful PM job search is to leverage the experience of a seasoned PM hiring manager with the tools you need to be organized and prepared. And having your own accountability partner doesn’t hurt, either!
If you’re ready to invest in your career and kickstart your PM job search, schedule a free call with me to learn more about my Product Manager Job Search Intensive 1:1 Coaching Program. Or send me an email if you’d like to be added to the waitlist for my PM Job Search Bootcamp which will be happening in September.
Like this article? Check out more on how to grow your Product Manager career!