Telecommunications Job Searches
After the millennium, telecommunications companies took an enormous hit. Companies like AT&T, Cisco, Nortel, and Lucent Technologies all lost over 50 percent of their stock value. People working with AT&T for 40 years were losing their entire retirement funds because their money was tied up in AT&T stock. To make matters worse, these aforementioned companies were forced to lay off hundreds of thousands of workers all over the world.
In a matter of months, Lucent Technologies went from a $60 a share stock to a junk bond, less than $5 a share. Nortel and Cisco soon followed, although these companies did not experience quite the collapse that Lucent experienced. For a while, investors have been soiled on telecommunications companies.
Telecommunications on the Rebound
However, with the technological evolution of countries like China and India, telecommunications is starting to look more attractive than ever. Over half of the world's population lives in these two countries. This means a great deal of opportunity for those companies that land the contracts laying cable and connecting the communities. With no end in site, telecommunications job searches are suddenly on the rise again. The smart people want a piece of the action, and online job boards are a great place to find jobs and get in touch with hiring companies.
I worked in a giant telecommunications company for a couple of years right before it's collapse. The company is now experiencing a dramatic rebound largely because of possible international expansion. Friends of mine looking to work corporate finance have taken a keen interest in telecommunications companies. Those of you who work in sales, HR, engineering, and accounting might want to start taking a closer look at the telecom giants again.
by James Lyons
Job Hunting Sites
Job hunting sites have revolutionized the hiring and job search process. The Internet is teeming with hundreds of different job hunting websites for prospective candidates to post their resumes and examine available jobs. These sites also allow recruiters in subscribing companies to search for candidates in their resume databases. Both employees and employers have reaped the benefits of this phenomenon.
A few years ago there were only a few recommended job hunting web sites for both employees and recruiters. As the years go by, however, more and more job hunting sites are popping up, many of which offer broader coverage and more specialized services. Job seekers are inundated with recommendations and recruiters have too many places to look. Is it possible that this surge in career search sites has actually created a problem of abundance?
Too Many Job Hunting Sites?
Fear not my friends, because there are not too many job hunting web sites on the Internet. In fact, it probably won't hurt if a few more enter the market. Having more sites encourages more competition. The job boards are getting better and better every day, offering newer and better services to both companies and job seekers.
The only foreseeable problem is knowing which sites are worth using. Frankly, there are over 50 reputable job boards on the Internet and it would take you a millennium to examine all of them. For that reason I would put your faith in a resume posting service that targets the top job hunting web sites. This will save you a ton of time and frustration.
by James Lyons
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