People talk about having one page resume these days, but I personally don't pick most of them for interviews as in most cases they don't provide enough details to shortlist them when we have plenty of other profiles to schedule.... still I think for entry level to upto 5 yoe single page resume works fine, But how to create one page resume for someone who has worked for more than 4-5 employers in last 12+ yoe? Is that recommended to have one page resume in such cases or not?

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Resume is a short description of job experience, education and qualifications. What you are looking is a cv , which contains detailed information.
Why don't you make both of them and while applying in job portals , you can put both of the documents to get shortlisted.

Another point , because you mentioned you don't pick people with one page resume, maybe give them the oppertunity to submit a cv .

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I have 12+ yrs of experience and I use a single page resume. Since people reading my resume would be senior management they wouldn't have the time to go thru multiple pages... Nobody gives more than a minute to glance thru the resume

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Then you don't know the basic difference between resume and cv. Also the norm is that for ten yrs, you need to have 3 pages, for 20 you need to have 2 pages and for 30 you need to have 1 page resume. Atleast what my mentor told me. One page is also good for ten yrs if it was only one company.

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At max 2 page are sufficient. In any way if HR/ recruiter is interested he/she will definitely ask you or sometimes at introduction candidate can strategically highlight those points where he/she wants to turn interview mode.

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