The Best Way to Reposition Yourself after Losing Your Job

Original Spanish version published in El Comercio newspaper (Peru) on October 25, 2016

Networks of personal contacts were key in helping the majority of Peruvian executives and professionals reposition themselves in the job market after losing their jobs, according to September 2016 data provided by LHH DBM Peru.

The company said that 62 percent of professionals and executives were able to reposition themselves through their networks of personal contacts, 22 percent through their networks of direct contacts and the free job bank provided by LHH DBM Peru, 11 percent through the Internet and LinkedIn, and 5 percent through job search agencies according LHH DBM Peru President Inés Temple.

In terms of employment or self-employment, the majority of candidates in LHH DBM Peru’s outplacement programs chose employment (growing from 61 percent in September 2015 to 76 percent last month). Those starting their own business went from 21 percent in December 2015 to 16 percent in September 2016. Consulting work also decreased from 16 percent in December 2015 to 6 percent in September 2016, and active retirement (combining a retirement pension and work) remained at 2 percent in the periods compared.

According to this report’s data, as of September 2016, 83 percent obtained a salary equal to or higher than their previous salary, and 92 percent improved or matched their previous position. Ines Temple also said that, “Our professionals receive tools that allow them to increase their level of employability, and carry out their career plan to successfully find new work, or start their own business in the shortest possible amount of time.”

An important statistic is the higher number of women in the business sector. The percentage of male graduates went from 75 percent in September 2013 to 68 percent in September of this year, while the number of women increased from 25 percent (September 2013) to 32 percent (September 2016).

Also, of all participants, as of September 2016, 76 percent chose to take positions in a different field than they were previously working in, down from an 88 percent change in sector in September 2013.

An interesting statistic is that 36 percent said they have an excellent level of English, 31 percent average, 26 percent good, and 7 percent bad. In addition, 65 percent have an MBA, remaining at levels similar to those of 2013, where 67 percent had an MBA. With respect to age, 41 percent are between 40 and 50 years of age, 30 percent are over 50, and 27 percent are between the ages of 30 and 40.

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