Tag Archive for: #jobmarket

You are here: / / #jobmarket

Posts

#YourCareer : How To ‘Career Cushion’ Your Job During Challenging Times. Creating an Action Plan to Prepare for IF/When Things Take a Terrible Turn with your Current Position.

/in /by

“Career cushioning” is the newest job-related term added to the growing lexicon of the Great Resignation, acting your wage and quiet quitting.  According to LinkedIn career expert Catherine Fisher, career cushioning is creating an action plan to prepare for if things take a terrible turn with your current position. The onslaught of layoffs, hiring freezes and job offers rescinded calls for action, instead of waiting for the ax to fall.

“Think of it like an insurance policy to set yourself up for success,” Fisher wrote in her recent LinkedIn newsletter.

Like ghosting moved from the dating world to job interviewing, cushioning is derived from keeping an eye open for other options and suitors in case your relationship sours.

What You Need To Do Right Now

Start taking action. Hoping that things will improve is not a strategy. If you feel that your job is in jeopardy, immediately update your résumé and LinkedIn profile. Seek out recruiters who specialize in your field. Ask colleagues and former co-workers what headhunters they had success with and would recommend their services. Let the search professional know what type of company you want to work for, ask about compensation levels and the work style you prefer.

Start networking by reaching out to old friends, college alums, neighbors, co-workers, former colleagues and managers, members of your church, temple and other organizations and online connections. Be open and honest. Inform them that you are engaged in a stealth search and could benefit from their relationships. You need to be a little pushy and ask if they could make an introduction to human resources or hiring managers. To ensure that you don’t make a hasty decision in the job switch, boldly ask tough questions during the interview to understand what you are getting into.

You may love working remotely, but go into the office five days a week. The proximity bias is real, and it favors people who are visible. It’s not just putting in facetime. You must be productive, exceed expectations and make yourself indispensable to your boss. These actions will increase your chances of being saved from layoffs.

Get A Vibe Check From Your Boss

Before you do anything rash, request a meeting with your boss to find out what the firm plans to do in this new uncertain environment. It may be uncomfortable, but ask your supervisor about your job’s status and whether there are plans to make job cuts. Be proactive and inquire about goals and objectives that you need to hit and how you can achieve them. If you walk away from the conversation feeling that your manager couldn’t provide any comfort or safety, it’s time to either start searching for a new job or try to move internally to a division that is doing well.

 

Like this Article?  Share It!    You now can easily enjoy/follow/share Today our Award-Winning Articles/Blogs with Now Over 2.5 Million Growing Participates Worldwide in our various Social Media formats below:

LinkedIn: https://www.linkedin.com/in/chris-g-laughter-b46389198/

Twitter: Follow us @ firstsunllc

Best Daily Choice: Follow the Best of FSC Career Articles/Blogs @

https://twitter.com/search?q=bestoffscblog&src=typeahead_click

Question: Want the ‘the best/current articles/blogs on the web’ on Job Search, Resume, Advancing/Changing your Career, or simply Managing People?

Answer: Simply go to our FSC Career Blog below & Type(#Jobsearch, #Resume, or #Networking) in Blog Search:  https://www.firstsun.com/fsc-career-blog/

What Skill Sets Do You have to be ‘Sharpened’ ?

Did you know?  First Sun Consulting, Llc (FSC) is celebrating over 30 years in the delivery of corporate & individual outplacement services & programs to over 1200 of our corporate clients in the U.S., Canada, the UK, & Mexico!  

We here at FSC want to thank each of our corporate partners for the opportunity in serving & moving each of their transitioning employee(s) rapidly toward employment!

 

Article continued …

Develop A Job-Search Strategy

The goal is to find a new job. You need to put a game plan into place to achieve your mission. Think of what you want to do next. Make a list of target companies that you want to work with. Dedicate a certain amount of time every day to focus on your job search.

You can break it down to searching for jobs online, getting in touch with people in your network, reaching out to human resources and managers at the companies you desire, tailoring your résumé for specific roles, practicing your elevator pitch and roleplaying interviewing. Stay in touch with your recruiters and consider investing in hiring a career coach and résumé writer.

The landscape has changed. The high-flying, sexy tech and startup companies are not doing as well as they fared in the past. There have been nearly 140,000 layoffs in those sectors. Therefore, conducting due diligence is important before you interview at a company.

Read articles about your target company to ascertain if there are any red flags. Look to see if the organization has been laying off workers or plans to downsize. Check out the company’s stock performance, its financial health, the management team and if its products and services are needed in this current environment.

See if you know anyone who currently or used to work at the company you’re interested in. Ask for their honest opinion about joining the firm, and if it’s safe to work there. Investigate LinkedIn profiles of people in your space to see if you have a similar background. Sleuth around to see if there is a pattern of people leaving and the roles are not being refilled.

How To Find Hidden Jobs

Companies don’t publicly post jobs when they are discreetly trying to replace a manager, attempting to first hire from within, waiting to receive employee referrals or not wanting to share salary ranges that may upset their employees when they find out the newcomer will earn more than they make.

In these situations, businesses rely upon recruiters to conduct secret searches, as discretion is required in sensitive situations, such as looking for an outsider to run a department instead of picking an internal employee.

The recruiter will clandestinely contact on-target people with the right background for the role. They’ll tell the candidate that the job is confidential and the applicant needs to keep the information to themselves. If the executive recruiter has a solid reputation, the person will understand and comply. Some people will feel uncomfortable and politely bow out of contention.

You want to stand out on the social media platforms that cater to your job and career. LinkedIn is the right platform for you if you are a white-collar professional. Send LinkedIn “InMail” messages or invitations to people who look like they’re involved with hiring roles in your area of expertise to get on their radar screen. Create posts, interact with other people in your space, upload videos and write articles. This will position you as an expert in your field. Recruiters, hiring managers and corporate talent scouts will start reaching out to you.

Hiring managers covet referrals from employees. They feel that if an internal worker strongly recommends someone, they must be good. Some companies offer incentives, such as a financial bonus, if the referral joins the company. If there isn’t a current employee with the right experience for the job and you are able to find this out, you could send an unsolicited résumé. Since no one from the outside knows about the opening, you’ll stand out.

Smile And Bide Your Time

Most people are obvious about their unhappiness and disengagement from work. They’ll practice quiet quitting, act their wage and coast through the day, doing the bare minimum. This is not a winning strategy. You want to come across as positive, motivated and enthusiastic. Act as if everything is fine. Your contrarian demeanor will separate you from the herd and earn everyone’s respect.

Instead of making a rash decision to quit without another job secured, take a smarter approach. In tough job markets, you need to cultivate a coping mechanism to make it through the day. Adopt the mantras “one day, I’ll leave and be in a better place” and “until that time, I’ll make the best out of a bad situation.”

Go about your daily routine as if everything is fine. Be respectful to your boss and everyone around you. Ignore the gossipers and rumormongers. Since you know that you’ll eventually find a better opportunity elsewhere, it’s not worth it to allow certain things to impact your mental health and emotional well-being.

People will notice that you stand out by staying cool under pressure. Your boss will be impressed by your motivation and positive attitude, while everyone else is complaining. Ironically, your new “it is what it is” mindset may lead to a promotion, raise or higher bonus.

Forbes.com | November 30, 2022 | Jack Kelly 

#YourCareer : The Dream Job Eludes 90% Of Workers – 4 Steps To Improve Your Career Odds. Nine Out of Ten American Workers Report not Working in their Dream Job.

/in /by

Nine out of ten American workers report not working in their dream job, and seven in ten say they’re not on track to land their dream job. JobSage, an employer review site, surveyed 1,200 Americans currently in the workforce, and the findings paint a pessimistic view, even into the future – only 47% of respondents considered their dreams realistic in the current economy.

Even though the odds seem long, with proper career planning, you can be in that 10% of people who are working in their dream job. You don’t even have to leave your current job to start working towards your dream:

1 – Keep your dreams top of mind

Working on your belief and confidence that your dream job is attainable isn’t just for warm and fuzzy, motivational reasons. Practically speaking, if you don’t think your dream job is out there or attainable by you, then you won’t get started and you won’t see the opportunities all around you to move along the path. Therefore, keeping your dreams top of mind is the very first step.

In the JobSage survey, the top dream industries included technology, entertainment and art & design. Top dream companies included Google, Apple and a university or school. Whatever your dream industry or company is, bookmark relevant articles for ongoing reading. These articles don’t all have to be about your dream targets – read about people who have made career pivots of all kinds, and they can serve as prototypes for what you’re trying to do. Talk to people who work or worked at your dream places or who have successfully made big changes. Put a Google Alert on dream industries, and follow dream companies on LinkedIn. All these small actions set up an environment where you surround yourself with information about your dream targets, which makes them more familiar to you and therefore more attainable.

 

Like this Article?  Share It!    You now can easily enjoy/follow/share Today our Award-Winning Articles/Blogs with Now Over 2.5 Million Growing Participates Worldwide in our various Social Media formats below:

LinkedIn: https://www.linkedin.com/in/chris-g-laughter-b46389198/

Twitter: Follow us @ firstsunllc

Best Daily Choice: Follow the Best of FSC Career Articles/Blogs @

https://twitter.com/search?q=bestoffscblog&src=typeahead_click

Question: Want the ‘the best/current articles/blogs on the web’ on Job Search, Resume, Advancing/Changing your Career, or simply Managing People?

Answer: Simply go to our FSC Career Blog below & Type(#Jobsearch, #Resume, or #Networking) in Blog Search:  https://www.firstsun.com/fsc-career-blog/

What Skill Sets Do You have to be ‘Sharpened’ ?

Did you know?  First Sun Consulting, Llc (FSC) is celebrating over 30 years in the delivery of corporate & individual outplacement services & programs to over 1200 of our corporate clients in the U.S., Canada, the UK, & Mexico!  

We here at FSC want to thank each of our corporate partners for the opportunity in serving & moving each of their transitioning employee(s) rapidly toward employment!

Article continued …

2 – Start with activities outside the work day

You can change your career while still keeping your job. The reading, talking and research listed above can all be done outside the work day. As you get more excited about the possibility of landing your dream job, you can increase the activity – more in-depth research and more in-depth conversations, perhaps even attending meetups or conferences.

Update your resume and LinkedIn profile in advance of a more active job search. Volunteer to get more hands-on experience. For example, if your dream company is a university, volunteer with your alma mater or a local college where you live. If your dream industry is technology, take on a tech role (e.g., social media manager) for a non-profit. These more targeted steps still can be managed outside the work day and don’t have to impact your current job at all.

3 – Choose DIY learning and short courses over formal certificates and degrees

Respondents in the JobSage survey worried that the cost of grad school would keep the dream job at bay. However, graduate school is not necessarily a prerequisite to making a career change. You can opt for a certificate over a degree, a course over even a certificate or DIY learning options such as free online classes and lectures.

Hiring managers and recruiters care about what you know in terms of how it will enable you to be productive from day one. That knowledge could come from a variety of sources and be demonstrated in a variety of ways – a graduate degree is but one form of proof. As you learn more about your dream area of expertise, blog about it so you have a paper trail of your findings and insights. Or pull together a panel for an alumni event at your alma mater, and be the moderator.

4 – Negotiate the job you already have to better match your dreams

75% of survey respondents wanted more hybrid work, and 67% wanted to travel more for work. These are aspects of a job that you can negotiate right where you are. Put in a request for a change in schedule, location or both. If your role doesn’t lend itself to travel, look for lateral opportunities, where you can move within the same company to a different role that might involve more travel. If you work for a large enough company with offices in other locations, negotiating your responsibilities so that you work with those other places might enable you to build travel into your work.

Itemize what aspects of your environment, work arrangements or scope of responsibilities you would like to change. Prioritize and then negotiate for the ones that will make the most impact in improving how you feel about your job. You might find that your current job becomes a dream job. If not, you’ll at least get much-needed negotiation practice for when you actively look for the dream job elsewhere.

 

Forbes.com | November 14, 2022 |  Caroline Ceniza-Levine

#JobMarket : Recent Large Layoffs Shatter The ‘We Are A Family’ Myth. Where Do You Think the Team or Family Concept is Today?

/in /by

The belief that a company is a family has irrevocably been busted. When times were good, tech companies offered top talent substantial pay packages, perks and amenities. Now that the economy has shifted, around 119,155 people have been laid off from startups and tech companies just this year, with more losses projected.

Families Don’t Fire Their Kids

When things go wrong, a family does not fire its kids. However, this is what is happening now. CEOs offer yoga and meditation studios and free laundry services and meals, blurring the lines between work and home life.

Once leaders like Meta CEO Mark Zuckerberg and self-appointed chief twit Elon Musk made business decisions harming the financial standings of their respective organizations, large layoffs were ordered.

Zuckerberg announced that 11,000 workers would lose their jobs. Meta has had to contend with its disastrous foray into the metaverse, privacy issues and the ascendancy of TikTok stealing its thunder and market share.

As things turned terrible, instead of cutting his own compensation, Zuckerberg’s knee-jerk reaction was to downsize hardworking employees and contractors. He’s one of the wealthiest people in the world. If the company was truly a family, the patriarch would have accepted blame and taken other cost measures instead of letting so many people go.

Musk went from being heralded as one of the best entrepreneurs of his generation to creating a dysfunctional family at Twitter. There was no love when, upon his arrival, he ousted top executives “for cause” to allegedly avoid paying their multimillion-dollar severance packages.

Musk’s predecessor, Jack Dorsey, promised at the beginning of the pandemic that his tweeps could work remotely forever. That promise was dashed as Musk called for everyone to return to the office. There was little to no consideration that workers moved outside of their San Francisco headquarters and were unable to commute or changed their lifestyle based upon Dorsey’s message. His management style seems familiar to some family members who are stuck in one-sided toxic relationships. A steady stream of management and workers are divorcing themselves from the chaotic so-called family.

Sam Bankman-Fried, the CEO of the FTX crypto exchange, was believed to be a boy genius. He was thought to be worth more than $16 billion. He had naming rights at a stadium, Tom Brady and other stars shilling for him and was the second largest donor to President Joe Biden.

Within 48 hours, Bankman-Fried’s empire and reputation crashed. There are allegations that he ran his Bermuda-based digital-assets platform as an alleged Ponzi-type scheme. He was accused of using customers’ assets to fuel high-risk trading and other questionable activities.

FTX filed for Chapter 11 bankruptcy on Friday and Bankman-Fried, in a statement, announced that he will be stepping down as CEO of the company.

Although the trading was conducted by a bunch of “kids” in a penthouse apartment shared with Bankman-Fried, the head of the family wouldn’t place his workers and customers in such a precarious position. Investors may end up losing all their money. Not only will workers lose their jobs, they’ll be investigated by several regulatory organizations and likely sued by innocent investors to get their money back from the alleged fraud that was perpetrated.

 

Like this Article?  Share It!    You now can easily enjoy/follow/share Today our Award-Winning Articles/Blogs with Now Over 2.5 Million Growing Participates Worldwide in our various Social Media formats below:

LinkedIn: https://www.linkedin.com/in/chris-g-laughter-b46389198/

Twitter: Follow us @ firstsunllc

Best Daily Choice: Follow the Best of FSC Career Articles/Blogs @

https://twitter.com/search?q=bestoffscblog&src=typeahead_click

Question: Want the ‘the best/current articles/blogs on the web’ on Job Search, Resume, Advancing/Changing your Career, or simply Managing People?

Answer: Simply go to our FSC Career Blog below & Type(#Jobsearch, #Resume, or #Networking) in Blog Search:  https://www.firstsun.com/fsc-career-blog/

What Skill Sets Do You have to be ‘Sharpened’ ?

Did you know?  First Sun Consulting, Llc (FSC) is celebrating over 30 years in the delivery of corporate & individual outplacement services & programs to over 1200 of our corporate clients in the U.S., Canada, the UK, & Mexico!  

We here at FSC want to thank each of our corporate partners for the opportunity in serving & moving each of their transitioning employee(s) rapidly toward employment!

Article continued …

It’s Not A Family; It’s Just Business

For decades, corporations have branded themselves as a big, happy family. It’s not just a job you’re accepting, it’s entree to a new family. Self-serving makes it feel as if the employee is valued and will be taken care of and appreciated.

The reality is completely different. It’s transactional. You’re hired for a specific role and offered pay for your time and services. If you exceed expectations and are highly productive, you’ll be rewarded with more money, bonuses and promotion.

If you don’t meet expectations, you’ll be placed on a performance improvement plan and scrutinized by human resources, your immediate boss and senior-level executives. If you don’t improve, according to the company’s assessment, you’ll be shown the door. This is not what being part of a family is all about. In a family, you love and support everyone unconditionally.

The family mantra is insidious. It makes you feel that you need to work hard and put in long hours and weekends to please your bosses, as you want mommy and daddy’s approval. If you don’t work hard enough, there is the pressure that you’re letting down your brothers and sisters.

To be generous, perhaps some C-suite executives do feel that the workers are part of a big, happy family. That mindset was a vestige to the 1950s when a person didn’t have to go into debt with college loans, would take a job with a local company and stay there for most, if not the entire duration, of their career. It was a more paternalistic period. This is not the case anymore.

Your Company Is More Like A Sports Team

The workplace is more like a sports team. The franchise owner seeks out the best players and offers them huge compensation packages. The big payouts are designed to motivate the players to win. Winning games brings in attendance at the stadium, lucrative television and online contracts, selling more merchandising and other revenue flows.

The owner and managers love their star athletes. However, once their talents start fading, the owner will trade a beloved player to another team for a better, younger rising star. It’s the same at companies. If you do well, you’ll be rewarded. When you don’t produce, you’re gone.

Forbes.com | November 11, 2022 | Jack Kelly 

#YourCareer : Meta Lays Off 11,000 Workers—How To Cope With Being Downsized And Prepare For A Difficult Job Market. Great Read!

/in /by

In a memo to his workers, Meta CEO Mark Zuckerberg announced he’s laying off 11,000 people, representing around 13% of his workforce. Compared to the chaotic way Elon Musk summarily dispatched thousands of Twitter employees, Zuckerberg came across as contrite, empathetic and apologetic.

In the company memo, he wrote, “Today I’m sharing some of the most difficult changes we’ve made in Meta’s history.” The chief executive took responsibility for the layoffs. “I want to take accountability for these decisions and for how we got here. I know this is tough for everyone, and I’m especially sorry to those impacted.”

In addition to the downsizing, Zuckerberg plans to reign in expenses by cutting costs and enacting a hiring freeze.

Meta isn’t alone in downsizing its staff. The startup and tech sectors have cut 104,791 jobs in 2022, according to Layoffs.fyi. Snap, Apple, Microsoft, Intel, Stripe, Lyft and an array of other tech companies have enacted layoffs or hiring freezes.

As a leader in the tech space, despite losing 70% of its stock price and squandering billions of dollars in its disastrous foray into the metaverse, other companies will follow Meta’s lead. Tech and non-tech businesses will feel that if the mighty Meta had to cut staff and costs, they should also consider these options.

The rationale for Zuckerberg’s aggressive hiring spree was prompted by the pandemic that accelerated everyone moving online. E-commerce boomed, and this was thought to become the new normal. Meta miscalculated, believing that this trend would be sustainable. After being locked up for two-plus years, people wanted to go outside and enjoy experiences, such as going to a baseball game or concert, traveling to see family or going on a much-needed vacation.

 

Like this Article?  Share It!    You now can easily enjoy/follow/share Today our Award-Winning Articles/Blogs with Now Over 2.5 Million Growing Participates Worldwide in our various Social Media formats below:

LinkedIn: https://www.linkedin.com/in/chris-g-laughter-b46389198/

Twitter: Follow us @ firstsunllc

Best Daily Choice: Follow the Best of FSC Career Articles/Blogs @

https://twitter.com/search?q=bestoffscblog&src=typeahead_click

Question: Want the ‘the best/current articles/blogs on the web’ on Job Search, Resume, Advancing/Changing your Career, or simply Managing People?

Answer: Simply go to our FSC Career Blog below & Type(#Jobsearch, #Resume, or #Networking) in Blog Search:  https://www.firstsun.com/fsc-career-blog/

What Skill Sets Do You have to be ‘Sharpened’ ?

Did you know?  First Sun Consulting, Llc (FSC) is celebrating over 30 years in the delivery of corporate & individual outplacement services & programs to over 1200 of our corporate clients in the U.S., Canada, the UK, & Mexico!  

We here at FSC want to thank each of our corporate partners for the opportunity in serving & moving each of their transitioning employee(s) rapidly toward employment!

 

Article continued …

Why Tech Companies Aggressively Hired

In a competitive field, hiring is seen as an arms race. Each company wants to recruit and retain the best and brightest talent. It’s a preemptive strike to get highly skilled people before their competitors do. Once hired, they’ll hoard the talent.

Managers, being human beings, feed their egos by building a fiefdom to make themselves look important. Social media companies, like Meta, need to invest heavily in personnel to oversee the moderation of daily posts.

Once a person is brought aboard, it’s hard to let them go. There is always a threat of litigation, accompanied by bad publicity, if a person is laid off and accuses the company and its management of discrimination. There is also the basic case of inertia—continually adding headcount on autopilot without questioning if it’s mission-critical or not.

Compassionately Letting Go Of Employees

Zuckerberg’s approach to layoffs was reminiscent of how Airbnb let go of workers during the height of the pandemic. CEO Brian Chesky gave a masterclass in empathy by taking great pains to ensure he took care of his workers, who unfortunately had to be let go.

Zuckerberg said, “There is no good way to do a layoff, but we hope to get all the relevant information to you as quickly as possible and then do whatever we can to support you through this.”

He offered a clear plan to the impacted workers. The company will pay 16 weeks of severance, along with two more weeks for every year of service—no matter how long they worked at the social media platform. People will be paid for their unused paid time off and receive their November 15, 2022 RSU vesting. Health insurance will be covered for six months, and Meta will offer career transition services. For those here in the United States on visas, the company plans to provide guidance and help.

Zuckerberg expressed his gratitude to his team, “This is a sad moment, and there’s no way around that. To those who are leaving, I want to thank you again for everything you’ve put into this place. We would not be where we are today without your hard work, and I’m grateful for your contributions.”

What To Do If You’re Laid Off

Losing your job is a frightening, painful and anxiety-inducing event. It’s especially problematic in a contracting economy, while other firms within the same sector are also downsizing and enacting hiring freezes.

Not only do you feel the loss of your job, but you’ve also temporarily lost your identity that’s tied up with your career. It’s disorienting when you’re cut off from all the colleagues you’ve worked with for the last number of years, and your daily routine is altered.

You will experience a range of emotions. There will be anger over being selected for downsizing. Some people become despondent or depressed. A job loss could cause you to lose confidence. In this current environment, there is real fear about finding a new job and having enough funds to get through this rough patch. The first thing you must do is practice self-care. Take time to process what happened. It’s common to grieve the loss and feel sorry for yourself. However, after a while, you must move forward.

It is important for your mental and emotional health to continue socializing with others. Withdrawing from social engagements is not helpful. There is nothing to be ashamed of. Be honest with people about your situation. You’ll be surprised to learn how many people have been through the same situation. Seek out therapy or consult with a mental health professional if you are having a hard time.

Get in touch with recruiters, career coaches and résumé writers. Contact people in your network to see if they know of any job openings. Target the companies you want to work for and find out if you know anyone who works there. Ask them to share your résumé, along with a recommendation for the job you want at the organization. Go on LinkedIn to post comments, articles and short-form videos to position yourself as an expert in your field to gain attention. Put together an elevator pitch. Practice role-playing commonly asked interview questions.

It Won’t End With Meta—Be Prepared For Future Layoffs

Workers in the tech and startup sectors need to brace for escalating layoffs. The current economic conditions will cause tech companies of all sizes to reconsider their hiring policies to stay competitive and solvent.

The era of artificially low-interest rates is over. Federal Reserve chair Jerome Powell seeks to significantly bring down the 40-year, record-level inflation rates to 2%. To achieve this goal, Powell said there would be a lot of “pain.” Jobs will be cut and hiring freezes will continue to be implemented. Workers will be closely monitored and put on performance improvement plans, as the low-end producers will be targeted for downsizing.

The Fed’s intention of raising the borrowing rates to more than 4% substantially changes the way businesses will operate. By comparison, in March 2020, interest rates were at around 0 to 0.25%. The access to cheap money enabled companies to go on a hiring binge.

When corporations borrow money at a high rate, they need to return a multiple much higher to pay back the interest and debt, employee salaries and the daily costs of running the business. The hurdles will be higher than what the tech firms became accustomed to. Some companies won’t be able to survive this new environment. Private equity firms or companies with the capital to purchase assets at a discount to their prior prices may take them over.

In this new, more austere environment, you’ll need to make yourself indispensable at work to survive. Always keep your eyes open for new opportunities.

 

Forbes.com | November 9, 2022 | Jack Kelly 

#JobSearch : How To Hack Into The Hidden Job Market. A MUst REad!

/in /by

Job hunters primarily focus on scouring job boards to find their next role. Little do they know, they are missing out on the hidden job market, a treasure trove of jobs that are not posted online. People unfamiliar with the hidden job market feel excluded from a secret stash of exclusive jobs unavailable to the average job seeker.

However, the reality is more mundane. Companies, for a variety of reasons, don’t want to disclose certain job openings. Discreetly replacing a manager, hiring from within, employee referrals and not wanting to publicize the salary ranges make some job listings unavailable to the public.

The Best Ways To Access The Hidden Job Market

Find A Recruiter

You want to find and align yourself with several top recruiters in your field of expertise. These headhunters maintain close relationships with company executives, human resources and hiring managers. They are trusted to find the best talent for their open opportunities. Some of these roles are exclusive to the recruiter and not posted to the public.

Discretion is required in sensitive situations, such as replacing a high-profile manager or looking for an outsider to run a department instead of picking an internal employee. Companies will contract recruiters to conduct these stealth searches. The headhunters selected are experienced in the job requirements and industry sector. They have vast experience and a database of appropriately skilled candidates.

The recruiter will clandestinely contact on-target people who have the right background for the role. They’ll tell the candidate that the job is confidential and the applicant needs to keep the information to themselves. If the executive recruiter has a solid reputation, the person will understand and comply. There will be some people who feel uncomfortable and politely bow out of contention.

 

Like this Article?  Share It!    You now can easily enjoy/follow/share Today our Award-Winning Articles/Blogs with Now Over 2.5 Million Growing Participates Worldwide in our various Social Media formats below:

LinkedIn: https://www.linkedin.com/in/chris-g-laughter-b46389198/

Twitter: Follow us @ firstsunllc

Best Daily Choice: Follow the Best of FSC Career Articles/Blogs @

https://twitter.com/search?q=bestoffscblog&src=typeahead_click

Question: Want the ‘the best/current articles/blogs on the web’ on Job Search, Resume, Advancing/Changing your Career, or simply Managing People?

Answer: Simply go to our FSC Career Blog below & Type(#Jobsearch, #Resume, or #Networking) in Blog Search:  https://www.firstsun.com/fsc-career-blog/

What Skill Sets Do You have to be ‘Sharpened’ ?

Did you know?  First Sun Consulting, Llc (FSC) is celebrating over 30 years in the delivery of corporate & individual outplacement services & programs to over 1200 of our corporate clients in the U.S., Canada, the UK, & Mexico!  

We here at FSC want to thank each of our corporate partners for the opportunity in serving & moving each of their transitioning employee(s) rapidly toward employment!

 

Article continued …

Networking And Social Media Sites

Tapping into your network of friends, family, co-workers, former colleagues and bosses, college alumni, neighbors and other folks for job leads is an effective way to penetrate the hidden job market.

Another effective strategy is to find a friend or a loose tie that works at a target company you want to work for and ask for an introduction to the right hiring personnel.

You want to stand out on the social media platforms that cater to your job and career. For example, if you are a white-collar professional, LinkedIn is the right platform for you. Start by targeting the companies that you’d love to work for. Then, send invitations to people who look like they’re involved with hiring to get on their radar screen. Create posts, interact with other people in your space, upload videos and write articles. This will position you as an expert in your field. Recruiters, hiring managers and corporate talent scouts will start reaching out to you.

Employee Referrals

Hiring managers love employee referrals. They feel that if an internal employee recommends someone, they must be good. Otherwise, if the person bombs, the person who referred the candidate will suffer the ill will of the boss. Some companies offer an attractive bonus if the referral joins the company.

To save money from not using the services of a recruiter and demonstrating that the current employees get the first crack at newly opened internal jobs, human resources will first look for talented insiders. The company won’t place an ad for this job, as they want to focus on the people who already work at the organization.

If there isn’t a current employee with the right experience for the job, and you are able to find this out, you could send an unsolicited résumé. Since no one from the outside knows about the opening, you’ll stand out.

Why Companies Keep Jobs Hidden

There are instances in which a manager is on a performance improvement plan and may be at risk of being let go. The human resources department doesn’t want anyone to know that the person may lose their job. If the company posts a job description, there is a strong chance that the targeted individual or someone who knows them will decipher that the job listing is for the company and specifically to replace the manager.

Another similar example is when a new role is created, but the company feels that no one within the unit possesses sufficient skills to get the promotion. The business will want to keep recruitment a secret so as not to invoke the ire of the team. If the workers recognize the job description, employees will angrily confront their boss, demanding to know why they weren’t even offered an interview and went straight to finding an outsider.

Companies need to disclose salaries and salary bands with the new pay transparency laws. In the brief time it’s been activated, companies have already gamed the system by providing ridiculously wide spectrums, such as $50k to $300k. Rather than play this game and get called out for it, more jobs will be placed in the hidden job market.

Forbes.com | November 8, 2022 | Jack Kelly

#YourCareer : How To Protect Yourself From The Fed’s Inflation-Fighting, Layoff-Inducing Policies. What You Need To Do Right Now. GReat REad!

/in /by

Many companies have announced layoffs, hiring freezes and rescinded job offers. Businesses allow for attrition without replacements. Federal Reserve chair Jerome Powell continuing to hike rates, until there is evidence that inflation is abating, means that you must carefully manage your career.

Higher interest rates are deliberately meant to cool the economy. It becomes more expensive for businesses to borrow money to build new projects, make acquisitions and hire personnel. The policy weakens growth, which could lead to a recession followed by layoffs.

The Fed Increased Interest Rates And Plans To Keep Hiking Until Inflation Is Under Control

The Fed followed through with its plans and hiked interest by 75 basis points (one basis point is equal to 0.01%) on Wednesday. Powell said he is committed to continually raising rates to ease the stubbornly record-high inflation.

Rates have been pushed to their highest level since the Great Recession at a range of 3.75% to 4%. In March 2020, interest rates were at around 0 to 0.25%. Powell said this wouldn’t be the end, and the Fed has no plans to pause hikes. The goal is to get inflation down to 2%, which will take a while.

The interest rate hike spooked investors. The S&P 500 finished down 2.5%. The Dow Jones industrial average fell 1.55%, while the Nasdaq composite slid 3.4%.

 

Like this Article?  Share It!You now can easily enjoy/follow/share Today our Award-Winning Articles/Blogs with Now Over 2.5 Million Growing Participates Worldwidein our various Social Media formats below:

LinkedIn: https://www.linkedin.com/in/chris-g-laughter-b46389198/

Twitter: Follow us @ firstsunllc

Best Daily Choice: Follow the Best of FSC Career Articles/Blogs @

https://twitter.com/search?q=bestoffscblog&src=typeahead_click

Question: Want the ‘the best/current articles/blogs on the web’ on Job Search, Resume, Advancing/Changing your Career, or simply Managing People?

Answer: Simply go to our FSC Career Blog below & Type(#Jobsearch, #Resume, or #Networking) in Blog Search:  https://www.firstsun.com/fsc-career-blog/

What Skill Sets Do You have to be ‘Sharpened’ ?

Did you know?  First Sun Consulting, Llc (FSC) is celebrating over 30 years in the delivery of corporate & individual outplacement services & programs to over 1200 of our corporate clients in the U.S., Canada, the UK, & Mexico!  

We here at FSC want to thank each of our corporate partners for the opportunity in serving & moving each of their transitioning employee(s) rapidly toward employment!

Article continued …

What You Need To Do Right Now

Speak with your supervisorto ascertain the safety of your position. Directly ask if the company is planning for any near-term downsizing. If the conversation’s outcome leaves you with some trepidation, start searching for a new role to hedge your bets. Never quit without another job already securely lined up. The Fed’s program will cause job losses. You don’t want to be in between roles in a rapidly contracting job market.

If you want to keep your job, go to the office five days a week. There is a proximity bias that favors people who are around all the time. By showing your face, being productive and making yourself indispensable to your boss, you’ll have a better chance of being saved from layoffs. In comparison, remote workers fall off the radar of managers and high-level decision-makers. It’s easier to lay off a person you don’t see or interact with regularly, aside from being on a video call once in a while. Old-school middle managers still have an inherent bias of distrusting people working from home, believing they are putting in minimum effort.

Update your résumé and LinkedIn profile. Quickly find recruiters who specialize in your field. Ask colleagues and former co-workers in the same field who they had success with and could recommend their services. When meeting with a headhunter, be honest and share your background, experiences, education, talents and other skills that set you apart from others in your space. Let them know the companies you want to work for, an acceptable salary range and your work-style preference.

This is not a time to be demure. It will take some chutzpah, but reach out to old friends, college alums, neighbors, co-workers, former colleagues and managers, members of your church, temple and other organizations and the people you’ve become friends with online. Let them know that you are conducting a stealth job search. Ask if they have any leads on hidden jobs not posted online, or if they know someone who works at a company you’d love to join. When you get a chance to interview, ask tough questions to ensure you’re jumping from the pan into the fire.

The U.S. is no longer in the 2021 era of the stocks, crypto and everything-going-up bubble. Avoid taking too much risk with your investment portfolio. Pay off high-interest-rate credit cards and other debt to cut costs, as the interest rate will escalate. Curtail spending and put aside emergency funds.

Look into ways to diversify your income stream. This will include gig work, a side hustle or starting a small business. Consider going back to school or taking online courses to learn new skills to make yourself more marketable.

Most of all, practice self-care. Cultivate a positive mindset, exercise, eat healthily and spend quality time with friends and family.

 

Forbes.com | November 3, 2022 | Jack Kelly

#JobSearch : Employers Want – And Will Pay For – Soft Skills. Are You Focusing On Them Enough? Got Kids? MUst REad!

/in /by

Gallup and Amazon Web Services recently completed a study that assessed workers’ job satisfaction based on their digital skills, including information technology, coding, data analytics, and search engine and social media marketing. The survey showed that workers with digital skills experienced higher job satisfaction, increased wages, and felt safer from layoffs or firings. The pay bump was particularly pronounced: those with advanced skills could expect about a 65 percent premium in compensation over those without digital skills.

The importance of having some technical skills in a world where technology advances at exponential rates means that much press is given to the importance of learning these skills. And indeed, it is important to have – at some level – a firm grounding in technical topics. But far less attention seems to be given to the other side of the skills coin: the soft skills.

This Forbes article points out that employers rank soft skills higher than technical skills when hiring new employees. Knowing how to code may be critical if you’re a software developer, but those skills won’t matter if you can’t do the soft things: work well on a team, lead a project, communicate clearly, and think critically. Soft skills are particularly important if you want to take on more responsibility – they are the grease that allows you to successfully move from an individual contributor role to a leadership one. Indeed, in an article talking about the importance of soft skills to career advancement, the author references this LinkedIn survey, noting,

“Technical capabilities can only take you so far in your career. To really soar, you need skills that are harder to measure but critical to success. In LinkedIn’s … report, 89 percent of recruiters say that when a hire doesn’t work out, it usually comes down to a lack of soft skills.”

Here at Harvard Business School, our faculty have produced thousands of pages of research on the importance of soft skills. And the portfolio of online certificate programs we offer reflects this sense that while accounting and finance skills are important to a modern business, they are nothing without the more human skills. Courses centered on leadership, power dynamics, management, and negotiations are examples of those that teach “pure” soft skills. But even those courses that are geared toward the more technical skills regularly touch on the soft ones as well.

 

Like this Article?  Share It!    You now can easily enjoy/follow/share Today our Award-Winning Articles/Blogs with Now Over 2.5 Million Growing Participates Worldwide in our various Social Media formats below:

LinkedIn: https://www.linkedin.com/in/chris-g-laughter-b46389198/

Twitter: Follow us @ firstsunllc

Best Daily Choice: Follow the Best of FSC Career Articles/Blogs @

https://twitter.com/search?q=bestoffscblog&src=typeahead_click

Question: Want the ‘the best/current articles/blogs on the web’ on Job Search, Resume, Advancing/Changing your Career, or simply Managing People?

Answer: Simply go to our FSC Career Blog below & Type(#Jobsearch, #Resume, or #Networking) in Blog Search:  https://www.firstsun.com/fsc-career-blog/

What Skill Sets Do You have to be ‘Sharpened’ ?

Did you know?  First Sun Consulting, LLc (FSC) is celebrating over 30 years in the delivery of corporate & individual outplacement services & programs to over 1200 of our corporate clients in the U.S., Canada, UK, & Mexico!  

We here at FSC want to thank each of corporate partners in the opportunity in serving & moving each of their transitioning employee(s) rapidly toward employment !

 

Article continued …

You can find plenty of free content online regarding soft skills development. But learning about leadership in any meaningful way through a Google search is much harder than learning how to code in Python. To be effective, online soft skills educational content needs to utilize features like self-assessment tools, complex interactive simulations, and real-world stories to ground learning. Producing such courses can be difficult and expensive.

Even then, many are skeptical that soft skills can be taught – either online or in person. Some evidence suggests that they can. But that prompts a question: even if they can be taught, do employers pay for soft skills as they might for easier-to-quantify technical skills? There’s surprisingly less data on this. But with my years of experience as a manager and leader, I would unequivocally say “yes.” And a recent study we did at HBS Online provides evidence that soft skills do indeed translate into better economic outcomes.

In a survey of 2,000 past HBS Online learners conducted by research firm City Square Associates, 42 percent experienced an increase in salary, with an average bump of $17,000 in additional annual income. Twenty percent saw a bonus increase that averaged $14,000. That means that over the roughly eight-year history of HBS Online, the population of those who have taken one of our programs have collectively realized about $700 million in economic value. Admittedly, not every one of the respondents took a soft skills focused course; but many did. Even if only 50% of that $700 million in value could be attributed to soft skills, the numbers are meaningful and a strong indication you shouldn’t ignore soft skills development at any career stage.

A final thought: I recently sat in on an in-person executive education case discussion comprised of senior leaders from a financial services firm. The case study they were addressing related to a dysfunctional leadership team at a fictional company. The professor closed the discussion by recounting something he learned as a doctoral student after reviewing nearly 1,000 pages of research focused on leadership. He said that when he finished his review, he noted that there were ultimately only two things that matter for those aspiring to become effective leaders: hold those who report to you accountable for meeting ambitious goals and do it while demonstrating that you care.

That’s a compelling argument for the importance of soft skills.

 

Forbes.com | October 28, 2022 | Patrick Mullane

#JobSearch : 4 Ways To Minimize Career Risk In A Market Downturn. Great Read!

/in /by

As multiple companies (Intel, Warner Bros. Discovery, Robinhood) announce layoffs, aspiring career changers like Kera might decide to pause their efforts. If you’re already anxious about the economy, you may not want to add on the anxiety of a job search. Even if you’re lucky enough to land a new job, job security is more tenuous for the new hire — you might be first-in, first-out in a market downturn. If your emotional and mental health is tenuous, the stress of a new job might be too much.

How do you move forward with a career change given the emotional and mental health issues during this pandemic and economic downturn? This is probably the most significant issue holding me back from actively pursuing my career pivot rather than continuing to “plan” for it. I still have a job that still provides a paycheck for now at least, and even though I am deeply unhappy in this job I am very hesitant to make that leap for fear of not being able to provide for my family (I am the sole income earner at the moment) just for a chance that I might be happier in a different job / company / industry. – Kera

However, you don’t have to quit your job right away. You can still move towards your dream career without jeopardizing your income. Even in a down market, you can minimize career risk while maximizing your chances at landing a job you love.

1 – Learn to be happy in an unhappy job

Jay worked in a niche area of tax where the typical career path stayed at one level for years. He was feeling stagnant, but generally liked his work and colleagues. Rather than quit a mostly good situation, he tackled the specific area of concern – his lack of growth and challenge – by pursuing professional development outside his job. He took on an adjunct role and became active in his trade association. While he eventually left his job, it was years later, and his outside-of-work efforts were significant in helping him land his next bigger role.

As Jay did, pinpoint the specific reason for your dissatisfaction with your current job, and work on that specifically. You might be able to find enough fulfillment outside of work that your unhappy job counts for less of your overall well-being. Or you might be able to work with your manager on restructuring the scope of your job, changing up your schedule or improving your work environment. Figuring out how to be happy in an unhappy situation helps minimize career risk for several reasons: 1) you’re not in a rush to leave and won’t settle for a suboptimal move; 2) you increase your resilience which is a helpful trait for managing the invariable ups and downs of a job search and overall career; and 3) you maintain an upbeat demeanor which makes you more attractive to employers, including your current one.

 

Like this Article?  Share It!    You now can easily enjoy/follow/share Today our Award-Winning Articles/Blogs with Now Over 2.5 Million Growing Participates Worldwide in our various Social Media formats below:

LinkedIn: https://www.linkedin.com/in/chris-g-laughter-b46389198/

Twitter: Follow us @ firstsunllc

Best Daily Choice: Follow the Best of FSC Career Articles/Blogs @

https://twitter.com/search?q=bestoffscblog&src=typeahead_click

Question: Want the ‘the best/current articles/blogs on the web’ on Job Search, Resume, Advancing/Changing your Career, or simply Managing People?

Answer: Simply go to our FSC Career Blog below & Type(#Jobsearch, #Resume, or #Networking) in Blog Search:  https://www.firstsun.com/fsc-career-blog/

What Skill Sets Do You have to be ‘Sharpened’ ?

Did you know?  First Sun Consulting, LLc (FSC) is celebrating over 30 years in the delivery of corporate & individual outplacement services & programs to over 1200 of our corporate clients in the U.S., Canada, UK, & Mexico!  

We here at FSC want to thank each of corporate partners in the opportunity in serving & moving each of their transitioning employee(s) rapidly toward employment !

Article continued …

2 – Start your career change quietly

Maybe you have already tried talking to your manager, or changing other areas of your life instead of your job. But you know for sure that it’s your job at the root of your unhappiness, and it has got to go. You can look for a new job or work on a career change confidentially, without jeopardizing your current job security.

Never use your work computer, email address or other work-provided resources for your search. Schedule your research, networking and other activities for lunchtime, breaks and after work. If you’re working from home, make sure you’re available when you’re expected, and don’t get sloppy about taking off so much time that you can’t get your work accomplished.

3 – Target a career change that doesn’t require a pay cut

It’s a myth that changing careers means making less money. One policy analyst moved from non-profit to technology, so he actually made more money after switching industries. You can help your chances by targeting high-paying industries. Then, save your raise as a buffer in case of a market downturn!

Even if you’re already in a high-paying industry, a career change may still be feasible. An investment banker moving to education did give up the big banking bonuses, but she actually made the same base salary when making the switch. She was able to land a senior enough role in her new industry by focusing on transferrable skills and expertise to the new industry – something all aspiring career changers should do.

4 – Negotiate your next job offer with job security in mind

There’s a real risk of moving to a new job, and being the first-in, first-out in a downturn. Before accepting a new job, negotiate a severance package if your job is eliminated or restructured into something materially different. It doesn’t cost the company anything to guarantee your severance because they only pay for something they do (like job elimination or restructuring). Guaranteed severance clauses are typically structured so they don’t get paid out if you quit or get fired for cause.

In addition to aiming for guaranteed severance, you can improve your job security by thoroughly researching a company before you join. Is their industry growing? Is their market share within the industry growing? How strong is their financial position? How strong is the specific department you are joining?

Career risk exists whether you stay where you are or make a move

Sure, career change entails risk and discomfort. However, staying where you are still carries risk, and if you’re unhappy where you are, you’re already uncomfortable. The risk in staying put is that you still might be laid off, even if you are long tenured. Furthermore, your inertia might cause your skills to atrophy, your expertise to get outdated and your motivation to disappear – making you less competitive, once the market does improve. The best way to minimize career risk is to continually grow and challenge yourself – including stretching past your fear towards your dream career.

Forbes.com Author:  Caroline Ceniza-Levine
Follow me on Twitter or LinkedIn. Check out my website or some of my other work here.
Forbes.com | October 15, 2022

 

#YourCareer : Skills You Need To Cultivate Now To Be Competitive In 2023. Prepare for Downsizing & Layoffs.

/in /by

The key is to have a skill stack that makes you holistic. Having only one or two specific talents won’t be sufficient for the world we’re entering. You’ll need a combination of different talents and skills to advance within your organization or do well in a job interview.

Businesses desire people who are strong communicators, cultivated interpersonal skills, and can write well, along with a high level of emotional intelligence and empathy. You’ll also need a balance consisting of knowledge about artificial intelligence, software coding and all sorts of tech platforms and apps. It doesn’t stop there. As we’ve seen the acceleration of trends during the pandemic, things will continually change, and you’ll need to be flexible and always be learning.

The New Year Is Nearly Here

It’s hard to wrap your mind around the fact that we are only about two and a half months away from the New Year. Most people can’t wait to put 2022 behind us. However, just because you turn the page on the calendar, it doesn’t mean that everything changes for the better.

From now until the holiday season, it’s likely that we’ll see high rates of unemployment, the stock market continuing to plummet, and home and apartment prices out of reach due to high mortgage payments. The primary reason for the negativity is that the Fed war being waged against inflation calls for a contracting economy, higher interest rates and costs, along with businesses cutting expenses which largely causes worker layoffs.

 

Like this Article?  Share It!    You now can easily enjoy/follow/share Today our Award-Winning Articles/Blogs with Now Over 2.5 Million Growing Participates Worldwide in our various Social Media formats below:

LinkedIn: https://www.linkedin.com/in/chris-g-laughter-b46389198/

Twitter: Follow us @ firstsunllc

Best Daily Choice: Follow the Best of FSC Career Articles/Blogs @

https://twitter.com/search?q=bestoffscblog&src=typeahead_click

Question: Want the ‘the best/current articles/blogs on the web’ on Job Search, Resume, Advancing/Changing your Career, or simply Managing People?

Answer: Simply go to our FSC Career Blog below & Type(#Jobsearch, #Resume, or #Networking) in Blog Search:  https://www.firstsun.com/fsc-career-blog/

What Skill Sets Do You have to be ‘Sharpened’ ?

Did you know?  First Sun Consulting, LLc (FSC) is celebrating over 30 years in the delivery of corporate & individual outplacement services & programs to over 1200 of our corporate clients in the U.S., Canada, UK, & Mexico!  

We here at FSC want to thank each of corporate partners in the opportunity in serving & moving each of their transitioning employee(s) rapidly toward employment !

 

Article continued …

Having Money Helps You Get Through Tough Times

One of the first things you need to do in a contracting economy characterized by job losses, falling stock prices and rising costs caused by inflation is to save as much money as possible. Building an emergency fund can help you weather the storm and potential bouts of unemployment. If you spend beyond your means and lose your job, it could be financially ruinous as seeking out a new opportunity during a recession is difficult. Having money offers a safety vest to stay afloat during tumultuous times. It offers you options. Instead of accepting a low-paying, go-nowhere dead-end job because you can’t afford to be out of work, a financial nest egg will offer the chance to wait things out. You’ll have more time to search out and find the job you desire that pays well and offers future growth potential.

Becoming Adaptive To Change

You have no other choice than to embrace change. We’ve seen how fast and volatile things can get. Look at the toxic way we now interact with each other in person and on social media. The economy, stock and job markets feel like they’ve gone haywire. Throughout most of last year, we benefited from robust hiring, skyrocketing stock prices, and the creation of new and exciting startups.

Now it’s different. On an almost regular basis, businesses are announcing layoffs, hiring freezes, job offer rescissions and allowing attrition without replacing the quitting workers. The new era may cause you to switch jobs or embark upon new careers. You may be required to go into an office five days a week, told to stay home and work remotely, or become a digital nomad. To adapt to changes, you may need to continually reinvent yourself and pivot to new career directions.

On the positive side, if you are good at critical thinking and problem-solving and have a flexible attitude, you can go with the flow. To succeed, keep your eyes open for changes that will usher in new and exciting opportunities that coincide with your skill sets.

Learn To Code, Write, And Speak Well

In the new digital work world, you don’t have to be a software engineer, but it will be helpful to possess a comfort level with new technologies. Take some online courses in coding, artificial intelligence, machine learning, data analytics or cybersecurity. It wouldn’t hurt to start dabbling in the metaverse and virtual reality.

The ability to write well, speak intelligently, and communicate clearly and effectively is prized by major corporations. These skills greatly enhance your marketability. It’s essential to continue learning to keep up with new developments and trends impacting your job and career. If you become a lifelong learner, you’ll stand out and be far ahead of your cohorts. Since we are all online, you must be digitally fluent and active on social media to garner attention, burnish your reputation, and possibly lead to job offers

Resilience And Grit

It’s said that good times make weak people, which leads to tough times that make strong people. The harsh reality is that our lifestyle and financial situation may be less than our parent’s. Finding a job, building a career, and purchasing a home or vehicle, won’t be as easy as it used to be.

No one will be coming to your rescue. In a rougher economic climate, you’ll need to rely upon yourself. It’s a reversion to the archetype of rugged individualist that characterized the early American colonists and wild west cowboys. Back then, people didn’t solely depend upon the federal government but made things happen through their unyielding hard work, efforts and determination.

There could be times when your skills and talents aren’t appreciated, and you’ll have to start all over again. You’ll need to be mentally and emotionally strong to deal with downsizings and losses in your 401-k and retirement plans. It shouldn’t be surprising that you must continually switch jobs and pivot to new careers.

Teach yourself how to be self-resilient, and build the confidence to pursue what you want. It’s okay to have fear and trepidation, but you must keep forging against all odds and obstacles.

The future of work will offer new and different types of roles. Some jobs may no longer exist due to technological advancements. The rapid advances in artificial intelligence, machine learning and other software tools create a need for human creativity, which may open new doors for you. By starting right now, you’ll be far ahead of your peers by being more prepared and competitive by the New Year.

 

Forbes.com | October 12, 2022 | Jack Kelly 

#JobSearch : How To Prepare For The Massive Downward Shift In The Job Market. The Days Of Quitting Without Worry Are Gone. MUst REad!

/in /by

The music is fading out, and the party’s almost over. Up until about six months ago, the job market was blazing hot. Companies couldn’t find, recruit and onboard candidates fast enough to satiate demand. Businesses had difficulty retaining people, as they’d freely switch jobs to obtain better offers and higher compensation.

With record-level inflation rates, rising costs and a contracting economy, the job market is losing its luster. The September jobs report indicated that the Federal Reserve Bank’s program to fight inflation has taken a toll on hiring. The number of new jobs created, while solid, is still far below July and August—showing a slowdown in hiring.

 

Like this Article?  Share It!    You now can easily enjoy/follow/share Today our Award-Winning Articles/Blogs with Now Over 2.5 Million Growing Participates Worldwide in our various Social Media formats below:

LinkedIn: https://www.linkedin.com/in/chris-g-laughter-b46389198/

Twitter: Follow us @ firstsunllc

Best Daily Choice: Follow the Best of FSC Career Articles/Blogs @

https://twitter.com/search?q=bestoffscblog&src=typeahead_click

Question: Want the ‘the best/current articles/blogs on the web’ on Job Search, Resume, Advancing/Changing your Career, or simply Managing People?

Answer: Simply go to our FSC Career Blog below & Type(#Jobsearch, #Resume, or #Networking) in Blog Search:  https://www.firstsun.com/fsc-career-blog/

What Skill Sets Do You have to be ‘Sharpened’ ?

Did you know?  First Sun Consulting, LLc (FSC) is celebrating over 30 years in the delivery of corporate & individual outplacement services & programs to over 1200 of our corporate clients in the U.S., Canada, UK, & Mexico!  

We here at FSC want to thank each of corporate partners in the opportunity in serving & moving each of their transitioning employee(s) rapidly toward employment !

Article continued …

The Days Of Quitting Without Worry Are Gone

You now need to think very deliberately about your job, career and how to navigate the next year or so, which will likely be volatile. Job offers won’t be as lush as they were in 2021. If you can’t get the base salary, bonus and stock options you want, look into the benefits to see if there are other ways that you can benefit with a job switch.

Here are suggestions of what you should do to navigate your career during challenging times:

  • If you like working at your company, do everything in your power to make yourself useful and indispensable.
  • When searching for a new job, conduct an inordinate amount of research to know what you’re getting yourself into.
  • Find recruiters who specialize in your field, as they have close connections with the human resources and hiring managers, can advise you throughout the interview process and know about roles in the hidden job market.
  • Look into hiring a career coach and résumé writer to help you, especially if you haven’t been on a job hunt in a long time.
  • Put together an elevator pitch, role-play interviewing and prepare answers to commonly asked questions.
  • Get active on LinkedIn to be noticed. Cultivate a network of like-minded people to help you find job leads and make introductions to the target companies you want to work with.
  • Consider going back to school or taking online courses to learn new skills.
  • Be mentally and emotionally prepared for a long, drawn-out interview process. There will now be more applicants searching for jobs. Businesses will feel they can take their time waiting to hire the best person at the lowest salary.
  • Clear your head and carefully consider why you are leaving your current job.
  • Don’t quit your job unless you have a job already lined up.
  • Everyone will tell you what to do. Be skeptical of who is offering career advice.
  • Pivot to a fast-growing industry or reinvent yourself by learning new skills.
  • Don’t blindly accept a bad offer with a company and people you’re not comfortable with. Instead, weigh your options and think rationally.
  • Break your negative thinking. You won’t interview well if you bring the baggage from your last firm to the interview. No one wants to hire a person who bad mouths their former boss and co-workers. Nor do they want a person who is negative and bitter.
  • Make sure you know if there is a work-life balance at the company you’re considering moving to. Inquire if it’s a remote, hybrid or in-office work style.
  • Reduce your expenses, put money into an emergency fund and pay down high-interest-rate debt.

Data Shows White-Collar Workers Are Staying Put

The latest World Economic Forum Chief Economists Outlook report contends that a worldwide recession is “somewhat likely” and almost unanimously predicts wages won’t be able to keep up with escalating prices. According to new data from LinkedIn’s Workforce Confidence Index, pessimism prevails. Almost 50% of active job hunters self-reported that they lack confidence in their company and overall workforce. Even though the workers registered their discontent, many are holding back hunting for a new role. The Wall Street Journal reported that white-collar professionals are hanging onto their jobs and not joining the Great Resignation trend compared to frontline and other deskless workers.

There are concerns over a possible recession, hiring freezes and layoffs at companies ranging across all sectors. There have been announcements from a wide array of companies and sectors, including Bed Bath & Beyond cutting 20% of its corporate staff, Snap laying off 20% of staff and Ford jettisoning 3,000 salaried and contract workers in the United States, Canada and India. Boston-based online retailer Wayfair cut 870 jobs worldwide. Apple laid off about 100 contract-based recruiters. Walmart downsized around 200 corporate employees and online brokerage Robinhood parted ways with 23% of its staff.

How The U.S. Got To This Point

Starting with the financial crisis, the Federal Reserve Bank made accommodations to financially support the economy and stock market. Its policies remained largely the same leading up to the current Federal Bank Chair Jerome Powell.

During the pandemic, the Fed enacted policies, along with the government, to inject trillions of dollars into the economy, along with other measures to provide much-needed funds to families and stimulus to keep the economy afloat and people from losing their jobs. One of the results was the creation of massive bubbles in the stock and cryptocurrency markets, as well as venture-funded startups.

Now, Americans are paying the price for the bursting of the bubble. The programs led to runaway inflation, which has created another tax on people and companies. As costs rise, businesses raise their prices and families struggle.

Something needed to give. It started with hiring freezes and job cuts. This is likely to continue until the government can figure out some way to extricate the U.S. from the current environment, which may include a recession, high inflation and possible stagflation.

 

Forbes.com | October 11, 2022 | Jack Kelly