Wednesday, June 4, 2008

Methinks Thou Doth Protest Too Much, Part 1: The Opportunity Cost

Looking for a new job has been interesting, to say the least. When economic jitters hit a company, it's often surprising to see what bizarre steps they'll take to save money. No one has time for close analysis of financials in a business: that's the kind of thing you hear in Mutual Fund reports. Without taking a look at the waste, a company often makes guesses. They cut things that seem expensive. And in the effort to stop waste, that lack of forethought instead wastes more.

For the first time in a job search, I'm running across more than one position that is "cancelled". At some point along the way, the company just calls the whole thing off. "They cut the budget," I am told. "We had to cancel the position. Maybe we'll regroup in the fall."

The problem with this is seldom that the company spent too freely on a hiring binge. Usually the position was shopped out because there was a need for it. Something was getting held up, and now that something is not getting the attention it needs to get better (expect said something to possibly be amputated or outsourced by Q4 if things don't improve).

In tandem with my previous post about wanting the moon for the price of a cup of coffee, I just came across a position that was resubmitted into the system after being canceled. Same company, same job title, but at lower pay. And with some expensive buzzwords tacked on, the kind that normally push this job's salary in the other direction. Thankfully, we didn't get far with me before it was cancelled. But I suspect that the protests that the hire "can't afford to be done" are simply incorrect:

It can afford to be done. When you take into account what it'll cost not to.

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