Happy And Succeeding In The Future Of Work
The Great Resignation Is Turning Into The Great Uncertainty
The United States government is pouring cold water on the economy and job market to battle inflation. It seems like a masochistic policy, as people must lose their jobs to reduce costs. With such a heavy-handed approach, it’s understandable why Americans are left dazed and confused. For over a year, the U.S. experienced a blazing-hot job market, but now the good times have ended. When there is a sudden and abrupt change, it’s hard for people to process it. Here is what’s happening.
In A Challenging Job Market, Consider Advancing Within Your Current Company
Forget about the Great Resignation and switching jobs at will. Instead of seeking a new position when companies are downsizing, enacting hiring freezes and slow-walking the hiring process, seek out ways to advance your career within your current organization. For the last 18 months, the job market and economy seemed great. The United States had low unemployment and jobs were plentiful. As a job hunter, there were around 11 million jobs available and you felt confident to take the leap and switch roles relatively easily. If the position didn’t work out as you’d hoped, you would cut your losses and move on to another opportunity.
We Were Wrong About The Great Resignation. Workers Are Still Powerless And The Looming Recession Will Make It Worse.
Isabella Dane got a new job this year and said she was able to “command a higher price point.” But now the East Coast IT worker, who asked that her real name and the name of her employers be kept anonymous, isn’t so sure it was the right move. She’s not the only one kicking herself for joining the “Great Resignation“: 26% of 628 job switchers surveyed by Joblist in June said they regret quitting their last job, and 42% said their new roles have “not lived up to their expectations.”
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Living Paycheck To Paycheck Is Now ‘The most Common Financial Lifestyle’ In The US — Even The Wealthy Aren’t Immune
Pushing yourself to save can be a challenge, but more and more consumers are tallying up their monthly expenses to find they have nothing left to save anyway. A recent study shows 58% of Americans report living paycheck to paycheck in May, up from 54% the same month last year. Of those earning $50,000 to $100,000, about 62% were stuck in this cycle.
Goldman Sachs Is Slowing Hiring, May Lay Off ‘Underperformers’
Despite beating profit forecasts in the second quarter, Goldman Sachs said Monday that, in a bid to curb expenses, it would slow hiring and possibly reinstate its annual performance review process (and, with it, year-end layoffs of those deemed to be underperformers).
These Were The Highest-Paying Silicon Valley Tech Companies In 2021
Silicon Valley is synonymous with a strong concentration of wealth, both for the tech companies that populate the area — with some of the highest valuations in the world — and for its employees, who are also paid incredibly handsomely.
In this episode of Let’s Go Live with Jack Kelly, Loren Greiff, former recruiter and current founder and president of Portfoliorocket.com, helps professionals untap and access opportunities in the hidden job market, which are 80% of the job opportunities available that are not posted online. She talks about the power of strategic networking. Loren exposes fake job ads and companies pipelining for unopened roles and building up their candidate pool. While the job search can be demoralizing. Loren advises on how job seekers can turn it around.
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Media Inquiry
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.