For those let go or who have left vol, and if seeking employment,
- how long did it take to find a new equivalent job, pay?
- or, how long have you been searching for new employment?
If not seeking employment, how many years before you reach 67?
7 replies (most recent on top)
I was informed of my exit date and had a job before I left. Which I took after a two month hiatus. The new employer told me your worth the wait.
So if your good at what you do and have networked over the past few years you should be fine.
I got laid off from Honeywell early 2016. I utilized my contacts and network and ended up securing interviews the same week I got laid off, eventually getting offers just two weeks after my lay-off. The new job I took post lay-off paid more, way less stressful, and more rewarding as funny as it sounds.
Despite the COVID-19 pandemic hurting the aerospace industry, there are still plenty of opportunities out there. The defense industry is hiring a lot, and so is biomedical as I’ve noticed from the number of times I’ve been hit up by recruiters from other industries. You’ll be surprised to find that many other industries, like biomedical, greatly value aerospace experience since there is a lot of transferrable skills and knowledge (e.g., dealing with FDA instead of FAA, etc.)
Stay positive!
Uber eats 12 hours a day for 30 days 8000$$
Must be longer these days, but stay positive. I left HON mid last year without any next job ready. I couldn't take the toxicity anymore of the leadership of the organization I was in, so I quit. I started with comparable job in less than 3 months.
A headhunter told me it typically takes about 1 week more for every year of experience, to find an equivalent job. This was a good approximation of what it took me (5 months with 20+ years experience), and I was fortunate to get a raise. My experience was before the Covid crash, so I realize things are harder now. Good luck to everyone.
I have been unemployed for 4 months and still looking. Depending upon your skills and credentials the market right now is brutal. Covid is being used by a lot of companies to reduce head count and when hiring, doing so a rock bottom pricing. I am willing to to relocate but even then it looks like a it will involve an almost entry level salary and I am 56 with 37 years experience. My advise for job hunters is, use your contacts and learn about how to write a resume that will gets past applicant tracking systems (ATS). If your sending resumes on line and not hearing back on jobs that you should get, it is probably due to ATS
The answers to your questions will vary widely because not everyone is in a similar position. For me, in the past when I had to change jobs, the average length of unemployment for me was 3 months. That's because of the time it takes for most companies to post a job, wait for applicants, then interviews, selection, background and onboarding processes. That was in the past before a pandemic and high unemployment rates.
Also there will be more aviation employees laid off in October when the airlines reduce headcounts after fulfilling the obligation to keep employees onboard through September - for those companies who participated in the government CARE stimulus.
For me, fortunately, or perhaps unfortunately, because I've been burned in the past, my radar has sharpened over the years. I was seeing warning signs before Covid-19. Then when they announced the furloughs, I immediately updated my resume and started applying for jobs NOT related to aviation, in spite of my 20+ years of experience in the industry.
So I was already interviewing before I was laid off and I ended up with a job offer later in the same week that I left Honeywell. I started that new job with one week of overlap from my severance package. Again, I was very proactive and willing to transition away from aviation by using my education and experience that crossed over into a different corporate role.
Not everyone will make the same decisions, of course. But for me, I'm at peace with my decision. I believe had I chosen to stay in aviation, I would have been forced to take a much less desirable position for a lot less money and probably a terrible working schedule. Either that and/or have to relocate to a less desirable location in order to chase the work. I'm at a point in my life that family is more important and I'm not doing that anymore.
So, either be willing to do something else, even for a reduced wage, or be prepared to really be in a tough, competitive market with employers taking advantage of a large pool of unemployed talent from which to choose and then bring them onboard as new employees as bottom of the barrel wages. That's my take on it anyway. Good luck to everyone with whatever path you choose.