Did you know you're paying $32,000 for 15 minutes of someone's time?
What if I told you that 15 minutes of someone’s time was going to cost you $32,000? Who would the person need to be? Would you ever even pay that much?
Nope? Maybe? For that kind of cash, it’s a short list for me.
And yet, in a way, we are willing to pay that much when we submit our resume to a hiring manager.
I’m sure your next question is “How on earth did you get to $32,000?” Let me explain. And yes, there were some assumptions and some circular math, but I think you’ll get the concept.
“Fact” 1 - The average person puts in about 10 hours of work on her resume. I asked a bunch of people who were looking for jobs - highly scientific, I know. Honestly, most people I’ve asked have spent a great deal more than that, but the mathematics was already ridiculous enough that I didn’t feel the need to inflate the numbers.
“Fact” 2 - The average pay is $25/hour. Again, I like round numbers, bare with me. Make less than that, and your calculations aren’t quite as horrific. Make more than that, then start cranking that $32,000 number higher.
“Fact” 3 - The average hiring manager looks at a resume for 7 seconds. I actually had an audience member tell me 2 seconds the other day, but I’m going with the popular belief of 7 seconds.
Let’s do some math. I love math. Even slightly crazy math like this that helps me prove a point without being a real situation.
- At $25/hour and 10 hours of work, your “time” spent on building/editing your resume is about $250.
- You invested $250 for 7 seconds of someone’s time in reviewing your resume. That’s $35.71 per second.
Now, if you want that same person to spend some time on your resume, say 15 minutes, what are does that cost?
- 15 mins = 900 seconds
- $35.71 x 900 = $32,139.00
Voila. And I even rounded it down. To get 15 minutes of time from someone who might call you in for an interview, you will have invested $32,000.
Ok. I know, you’re not actually getting “paid” the $25 and you’re certainly not “paying” $32,000 and change. It’s terrible circular math, but you get the idea. What I want you to pay attention to is your investment and your return on that investment when you work on your resume.
I’m not saying don’t have a resume. Unfortunately, in today’s world, you still have to have one. But spend maybe 2 hours tweaking it. Keep it simple. Keep it to the point. Have it ready for the glance it will get. Don’t fret over every phrase. It’s just not worth your time.
Oh, and if I haven’t convinced you yet. There’s some more math I think you should pay attention to:
12,500,000,000 - that’s the number of resumes submitted in 2017.
12.5 billion. You know what’s reading them? Algorithms and AI not people. You know what they’re looking for? Keywords.
You’re more than your resume. You’re WAY more than a keyword.
Maybe it’s time to invest your time in the activities that have a better return on your investment.