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Member since 06/2005« Guerilla Your Way into New Industry: Tips for Getting a Job that's Outside Your Area of Expertise |Main| Guest blog: Selling Vacuums and Job Interviews »The Other Cost of Unemployment « Greg Quirk's Blog
When you are looking for a job there is the obvious cost of your situation – money. If you break it down each day you are spending looking for work is a lost opportunity cost. For example, if you are looking to make $80,000 a year, each day works out to about $300 you are not making, or $1500 a week (before taxes). While employment insurance can make up for some of that, it is not going to be even half of the amount. Plus you are missing other benefits, such as health care and holidays.
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Comments The Other Cost of Unemployment « Greg Quirk's BlogWhen you are looking for a job there is the obvious cost of your situation – money. If you break it down each day you are spending looking for work is a lost opportunity cost. For example, if you are looking to make $80,000 a year, each day works out to about $300 you are not making, or $1500 a week (before taxes). While employment insurance can make up for some of that, it is not going to be even half of the amount. Plus you are missing other benefits, such as health care and holidays.
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