Happy And Succeeding In The Future Of Work
Our Weekly Roundup
September Jobs Report Shows The Federal Reserve Is Making Strides In Depressing The Job Market To Fight Inflation
The September jobs report is acutely important, as it’s a referendum on how Federal Reserve Chair Jerome Powell’s inflation-fighting efforts are working out. Powell previously announced that he needed to cool down the economy to bring down record-high inflation levels. Part of this quantitative tightening program will purposely cause layoffs, as businesses cut costs. The thought process is that when people lose their jobs or there is the threat of job insecurity, they won’t spend as much money as they used to.
Moving Offices From Big Cities To The Suburbs May Be The Future Of Work
Jane Fraser, CEO of Citigroup, understands how inflation and high living costs make it difficult for her employees. To alleviate the financial burden on workers, she is considering the positive impact suburban office locations would have on her staff.
There Are 1.1 Million Fewer Jobs Available In The U.S.—Why This Is Actually Good News For The Economy
Job openings have plummeted by more than 1.1 million, according to the United States Job Openings and Labor Turnover Survey (JOLTS). Ordinarily, this would be a sign of trouble for Americans. However, higher unemployment means everything is going as planned for Federal Reserve Bank Chair Jerome Powell during this high inflationary period.
The ‘Quitfluencer’ In Your Office Could Cause A Quitting Contagion
Every department within a company has a “quitfluencer.” This person is noticeably fielding furtive calls from recruiters, scouring job boards online and going on interviews on the days they work from home. Once they receive a job offer, the person openly shares the good news and excitedly discloses to co-workers the significant increase in compensation, stock options and higher corporate title they received.
CEOs Are Predicting A Recession: Here’s What You Need To Know And Do Now
More than 90% of CEOs believe a recession will occur within the next 12 months, according to a recent KPMG survey. The vast majority feel that the recession will be difficult, with only around 34% believing the upcoming rescission will be brief and not too painful.
How To Overcome Stress, Worries And Anxiety To Succeed In Your Career
Here’s something that people don’t often talk about. To succeed in your job, in addition to possessing the right skills and experience, you need the proper strategies and tools in place to effectively deal with potential self-defeating thoughts, stress and anxiety.
‘Quick Quitting’ Could Offer More Money And Faster Career Growth
Quick quitting is becoming a fast-growing trend, according to LinkedIn’s new Workforce Report. The data from LinkedIn indicates that workers in the United States are leaving their jobs after only being with the company for a short stint of time. Many are quitting in just under a year. Silicon Valley is well-known for people switching jobs quickly, as the tech hub has the highest employee turnover rate. Workers in this dynamic sector learn as much as possible, forge new relationships, move on to other roles elsewhere and repeat this process multiple times.
U.S. White-Collar Remote Workers May Lose Their Jobs As Companies Hire Globally To Cut Costs
Remote workers may be at risk. Working from home became the norm during the pandemic. As the economy reopened, people demanded to continue working remotely, as it offers a better work-life balance. When micromanaging bosses called for staff to return to the office, workers pointed out the success of remote work. Productivity was at a high level, the economy held up well, stocks were flying, and plenty of jobs were available. By all accounts, employees put in longer hours during the week and worked weekends.
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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.