Job hunting has become an expensive process. A recent Harris Poll survey conducted for Indeed found that 84% of job seekers spent money preparing for in-person interviews.ย
Expenses include transportation, professional attire, childcare, and even career services like rรฉsumรฉ writing or coaching. While over half of respondents spent less than $100 on their most recent interview, nearly 30% spent $100 or more, with 7% spending $200 or more.
Beyond direct costs, 30% of applicants report losing income by taking time off work to attend interviews, and 28% have declined opportunities because of the potential expenses.ย
For many, these costs add a layer of stress on top of an already competitive job market.
Virtual vs. In-Person: The Trade-Off
The survey also showed a divide in candidate preferences. About 28% of job seekers prefer virtual interviews, primarily to save time, reduce costs, and avoid commuting stress. In contrast, 72% favor in-person interviews, citing benefits such as making a stronger personal impression, building connections, and better understanding company culture.
Even in a digital-first world, in-person meetings remain a powerful tool for candidates to stand out โ though they often come with a financial price tag.
Weighing Costs and Strategies
Candidates are finding ways to balance preparation with expense. While some invest in professional services or targeted training, others leverage free resources like online industry groups or AI tools to gain an edge without overspending.ย
Networking and local professional events are also seen as investments that can pay long-term dividends, providing opportunities to meet potential employers and make meaningful connections.
A Market That Demands Investment
The current labor market, complicated by AI, hiring slowdowns, and shifting job postings, has made strategic spending part of the job search. According to the survey, 56% of job seekers believe they should be compensated for interview time, and 69% think they should be paid for take-home projects assigned as part of the interview process.ย
These numbers underscore how candidates are feeling the weight of hidden costs while competing for opportunities.
Understanding these financial realities has become essential. Applicants who carefully plan expenses, prioritize high-impact investments, and make the most of virtual and in-person opportunities are more likely to stay competitive โ and less likely to be derailed by unexpected costs.
