Happy And Succeeding In The Future Of Work
Our Weekly Roundup
There’s A White-Collar ‘Richcession,’ While Blue-Collar And Frontline Workers See Wage Growth And More Job Opportunities
There is still a debate over whether or not there will be a recession in 2023. According to Goldman Sachs Research, Wall Street’s consensus estimate on the probability of a meaningful downturn in the American economy within the next 12 months is at 65%, whereas the investment bank contends that the probability is much lower—35%.
Layoffs And Economic Uncertainty Embolden Bosses To Call For A Return To The Office Grind
In a memo to employees, Amazon CEO Andy Jassy ordered his workforce to return to the office at least three days a week. Jassy plans to implement this change effective May 1. In the directive to his staff, the chief executive told his employees that it’s easier to strengthen the company culture and learn from one another when immersed in projects and activities with co-workers. He believes workers will be more engaged when in an office setting together.
The ‘Sandwich Generation’ Is Financially Taking Care Of Their Parents, Kids And Themselves
Many Americans are financially squeezed, sandwiched between caring for their children and young adults, while also providing for their aging parents. As life expectancy continues to rise and many young adults grapple with financial autonomy, 23% of adults in the United States are now part of what is being called the “sandwich generation,” according to a Pew Research Center survey. The sandwich generation consists of adults with a parent 65 years or older who are raising a minor or providing for an adult child.
Apple Is Cutting Contractors To Save Costs
Instead of laying off full-time permanent employees, Apple has begun letting go of contractors, the New York Post reported. In a cost-cutting move, jettisoning temporary staff doesn’t create the sensational headlines garnered when permanent employees are downsized. Like most large organizations, the iPhone juggernaut supplements its permanent employees with temporary personnel provided by third-party staffing agencies. These workers have contract agreements with outside agencies, unaffiliated with Apple. The contracts usually offer around 12 to 15 months of work, depending on the assignments.
Workers In China Have Their Own Version Of Quiet Quitting And Acting Your Wage: ‘Huminerals’ Are Extracted, Exploited And Disposed Of
Workers in the two largest economies—United States and China—are growing weary. In America, workplace trends, like the Great Resignation, quiet quitting, acting your wage, rage applying and others, indicate people are fed up and frustrated over being constantly worried about losing their jobs, being underpaid and treated poorly with no clear growth paths within their organizations.
‘Bare Minimum Monday’ Is The Newest TikTok Trend Of Quiet Quitting And Cyberloafing Throughout The Work Day
The TikTok generation keeps churning out new workplace catchphrases. The most recent addition is “Bare Minimum Monday.” According to this trend, after dreading the Sunday Scaries, you can low-key get through the new workweek by coasting through a bare-minimum approach on Monday. The concept is similar to quiet quitting, as you work—but not too hard. As the name suggests, you do enough to get by without stressing yourself out. TikToker Marisa Jo brought this trend to light, and it went viral on the social media platform with about 1.8 million views and counting.
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Jack Kelly is available to discuss a broad range of topics, including, but not limited to: the job market, the state of recruiting, trending news stories and career advice. He has appeared on CNBC, MSNBC, NBC, FOX, CBS, BBC and NPR. Jack has been quoted in the the Wall Street Journal, Washington Post, Economist, INC., New York Post and more.
About Jack Kelly
Jack Kelly is the CEO, founder, and executive recruiter at one of the oldest and largest global search firms in his area of expertise. He has personally placed thousands of professionals with top-tier companies over the last 20-plus years. Jack is passionate about advocating for job seekers. In doing so, he founded a start-up company, WeCruitr, at the beginning of the Covid-19 pandemic. The mission of WeCruitr is to help people in need and make the job search more humane and enjoyable. As a proponent of career growth, Jack shares his insider interviewing tips and career advancement secrets as a Senior Contributor for Forbes. He also covers timely topics related to corporations, high-profile people, Wall Street, politics and other important matters. The pieces offer insight into the news and how it may impact your career. Jack is the author of Happy and Succeeding in Your Job Search, as well as the host of Happy And Succeeding In The Future Of Work and cohost of the Blind Ambition podcast.