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Kristin Konopka sent out nearly 100 copies of her résumé in January in search of receptionist work, but got only one callback. That's when Ms. Konopka, a 29-year-old New York actress and yoga teacher, took her master's degree and academic teaching experience off her résumé. The calls started coming in. The slimmer version of her résumé landed in 30 in-boxes and earned her three callbacks and two interviews. "It definitely picked up the interest," says Ms. Konopka, who realized quickly that people don't "want to hire anyone who is overqualified."

"Employers who snapped up top talent on the cheap in the depth of the recession should start worrying about defections, recruiters and management watchers say."