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#YourCareer : U.S. White-Collar Remote Workers May Lose Their Jobs As Companies Hire Globally To Cut Costs. Remote Workers May be at Risk. MUst REad!

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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 long hours during the week and worked weekends.

However, nothing is perfect. One of the downsides was that remote workers could be seen as second-class citizens by management. Being out of sight could lead to being out of mind. The remote workers risk getting left out of important meetings and conversations.

Americans are once again in a precarious position. There is record-high inflation. Jerome Powell, head of the Federal Reserve Bank, has said he needs to cool down the economy to whip inflation. The Fed’s aggressive program will impact both businesses and American families. He concedes that his policy will lead to “pain,” causing companies to cut costs and lay off workers. The leadership at major corporations will likely consider ways to save money and curtail expenditures.

White-Collar Jobs Moving To Other Countries

People are the highest cost for many service-oriented organizations, such as banking, finance, tech and online-based companies. Well-educated and highly paid white-collar professionals tend to work remotely and earn significantly more than blue-collar workers that are required to be in factories, warehouses, fulfillment centers or construction sites and restaurants.

If the economy stumbles into a recession, the stock market keeps plummeting and families are having a hard time making ends meet as inflation and high interest rates eat into their emergency funds, it’s only a matter of time until CEOs start considering cutting jobs in the U.S. and hiring workers in lower-cost countries around the world.

It’s already been proven that the technology is robust to manage remote work at scale. C-suite executives, looking to save money, will be happy to jettison leases in high-cost cities, once they lapse. As Silicon Valley tech giants are watching their share prices plunge, they may realize that offering their thousands of workers free food, massages, laundry services and other amazing amenities is no longer reasonable. ESG proponents will love that people won’t need to commute each work day to and from their offices. Next will be swapping out highly paid, remote software engineers for the same talent in lower-cost countries.

 

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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 …

It’s Already Happening

Startups, such as Remote.com and Deel, are well-experienced in making it easy for companies to hire personnel worldwide. These organizations have already established the mechanisms and systems for global corporations to hire, onboard and take care of the taxes and compliance for remote workers in countries throughout the world. AngelList Talent scours the globe to find job candidates who want to get hired remotely. Its suite of tools makes it easier than ever before for companies and remote candidates—including those who live outside of the U.S.—to connect. Candidates can share what kind of remote-work culture they want, along with time-zone preferences and other important factors.

Job seekers will take assessments to demonstrate their skills above and beyond what’s printed on the résumé. Engineering and video examinations showcase and evaluate skills across borders. Engineering candidates can take assessments for frontend, backend, iOS, Android, and more and choose to display their top scores on their profiles for recruiters to see. Their skills and ability transcend geographic boundaries and are judged by their merits—not where they reside.

We’ve Already Seen The Digital Nomad Trend And The Mass Exodus Out Of Big Cities

During the pandemic, Wall Street bankers, hedge fund managers, tech titans and others fled big cities, such as New York, for the Hamptons, Palm Beach, Martha’s Vineyard, suburbs of Connecticut and New Jersey or jetted off to exotic locations.

During the outbreak, there was a fast-emerging trend of workers taking residence in other countries as digital nomads. People have taken to doing their job at the beach or near ski slopes. Some decided to relocate to lower-cost locations within the U.S. to save money, while still receiving the same pay.

Several countries encouraged Americans to migrate there with special visas and open arms. Since tourism was down due to Covid-19 and their economies were hurting, Barbados, Estonia, Bermuda and Georgia opened their doors to Americans, inviting them to come work, pay taxes and contribute to the economy.

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Forbes.com | October 3, 2022

#YourCareer : Fed Chair Jerome Powell Says Fighting Inflation Will Cause Job Losses: Here’s What You Need To Do Now. In these Challenging Times, you Can’t be Complacent. MUst REad!

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In a blunt 10-minute speech at the annual Jackson Hole Economic Symposium on Friday, Federal Reserve Chair Jerome Powell said he’s following through with his promise to raise interest rates and do what’s necessary to cool down the economy.

Powell didn’t pull any punches saying that higher interest rates will push down inflation to the Fed’s 2% target level. As a result, the U.S. will experience slower growth and a weak job market. He freely acknowledges that many Americans will feel the ‘pain’ and lose their jobs.

How We Got Into This Predicament

Going back to the financial crisis, before Powell, the Federal Reserve Bank used its financial tools to prop up the economy and stock market. The Fed’s policies remained essentially unchanged up until now.

During the pandemic, Powell and the federal government flooded the economy with trillions of dollars to provide much-needed funds to families and businesses. One of the united results was the creation of an everything bubble ranging from runups in the stock and cryptocurrency markets, and venture-funded startups that minted multi-billion dollar unicorn companies.

Powell is in an unenviable position to make the economy worse before it can get better. It’s frustrating that we need to trust Powell, who, along with Treasury Secretary Janet Yallen, missed the harmful effects of inflation early on, claiming it was only “transitory” and would subside after a while. It didn’t, and inflation hit 40-year record highs.

Americans are now paying the price for the bursting of the bubble. The Fed and government’s massive spending programs led to record levels of runaway inflation, creating another tax on people and companies.

How Does Powell’s Program Work?

To dampen the economy, Powell is raising interest rates and withdrawing all the quantitative easing policies that were in place. In a more fiscally restrictive environment, businesses will feel the pain.

They will no longer have access to inexpensive funding, and their costs will dramatically increase. One of the intended results is that businesses will enact massive layoffs to cut costs. On a nearly daily basis, companies are announcing layoffs, hiring freezes, allowing attrition without replacement and rescinding job offers.

Powell has been telling the country that he will cause pain by raising interest rates and through quantitative tightening. The problem is that Wall Street and others didn’t take him seriously enough. They were betting that he was bluffing and would eventually ease up.

After an initial shock from Powell’s policies, stocks plunged but later rebounded, as investors thought they were out of the woods. Their misplaced optimism may have been the impetus for Powell’s no-nonsense blunt message.

His thesis is that as the economy shrinks, people lose their jobs. As more people lose their livelihoods, they’ll forsake spending money on purchasing goods and services. When this happens at scale, the economy contracts, causing a downward spiral.

For instance, interest rates on buying a home nearly doubled recently. The housing market went from people bidding over the asking price to families walking away because they couldn’t afford to pay the higher monthly mortgage rates. Housing is one of the largest sectors. If people cannot buy homes, there will be less need for architects, real estate agents, contractors, electricians, carpenters, plumbers and other blue-collar professionals.

 

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

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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 our corporate partners in the opportunity in serving & moving each of their transitioning employee(s) rapidly toward employment!

 

Article continued …

 

Wall Street’s Harsh Reaction to Powell’s Speech

The Dow Jones Industrial Average, a bellwether index for the stock market, plummeted more than 1,000 points on the news. Other major indices plunged as well. According to Bloomberg, Powell’s bare-bones speech resulted in a massive loss of around $78 billion for the fortunes of some of the world’s wealthiest people. To be clear, unless a person sold their securities, it’s only a loss on paper. If the stock market turns around in their favor, the values may increase again.

  • Jeff Bezos, Amazon’s founder and former CEO, lost $6.8 billion.
  • The high-profile Tesla CEO and possible Twitter boss, Elon Musk, lost $5.5 billion.
  • Bill Gates, the Microsoft co-founder, watched as he lost 2.2 billion dollars
  • Grandfatherly Warren Buffett’s net worth fell by $2.7 billion.

 

What Workers Need To Do Now

In these challenging times, you can’t be complacent. Take action to protect your job or make efforts to find a safe role elsewhere. You may have to make some sacrifices. For example, you may prefer working remotely, but consider going into the office to be seen. Once key managers and executives notice your work ethic and productivity, they’ll view you as indispensable.

Below are areas you can be proactive now: 

1- Get in touch with members of your network. Ask around to see if anyone has some good job leads or can make introductions to a target company that you’d love to work for. If you decide to switch jobs, make sure the new firm is financially strong and doesn’t have plans to lay off employees.

2- Update your résumé and LinkedIn profile. Find recruiters who specialize in your space and can keep an eye open for opportunities. Don’t take too much risk with your investments in stocks or cryptos.

3- When you interview, don’t be afraid to ask tough questions. You want to ensure that the position is right for you and that you’re not just jumping on the first offer. Avoid disparaging your former boss, company and colleagues, as it’s a turnoff to interviewers. They’ll assume you’ll talk bad about them too when you leave.

4- If you want to remain with your company, request a meeting with your boss. Tell them you love the place, think they’re a great manager and believe in the corporate mission. Share with them your goals and aspirations. The best outcome would be that your supervisor is relieved the conversation isn’t about quitting, and they’re delighted that you’re committed to the company and want to advance. You can collaborate on a path to reaching your desired role within the firm.

5- Pay close attention to your finances. Pay off credit cards and other debt, as the interest rate will escalate. Reign in unnecessary expenses. Put aside money, in case you are out of work for a while. Find ways to earn additional income streams. This could include gig work, starting a side hustle or an online business.

6- Use this time to learn new skills that will make you more employable. There are many online courses such as the Flatiron School, Goodwill, Coursera and Codecademy. You could sign up to learn in-demand skills. The classes can be attended whenever you want. At the end of the program, you’ll receive a certificate, badge or accreditation that could help you advance within your organization or when you’re hunting for a new job.

Try To Stay Positive

It is easy and understandable to become despondent during tough times. You can’t let people pick up on it. Work on your mindset, as you need to be mentally strong during tough times.

Hiring managers and interviewers desire winners who are positive, confident and charismatic. Cast aside any negative thoughts and teach yourself how to come across as likable and charming. When a business conducts layoffs, management is more prone to retain people they like and are comfortable working with, even if it’s a choice between a more experienced colleague.

 

Forbes.com | August 27, 2022 | Jack Kelly

#YourCareer : The Split-Screen Job Market: Low Unemployment, High Turnover, Plenty Of Openings—And More Layoff Headlines. Great REad!

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Becky Frankiewicz recently returned from hobnobbing at Davos with other top business leaders, and the president of ManpowerGroup North America couldn’t help but notice a disconnect while she was there. On stage: Plenty of chatter about the prospect of a recession, and what that could look like for jobs and the economy. But in at least 15 different conversations with C-level executives she had while at the global meetup of titans, just one said they were pulling back on hiring.

“The data isn’t necessarily matching the narrative,” Frankiewicz tells Forbes. “We’re seeing a bit of a diverging job landscape, yet the labor market as a whole is still very tight.”

Every day seems to bring a tale of two job markets. On the one hand, data, like Friday’s better-than-expected jobs number, shows a labor market where unemployment remains low and the economy continues adding jobs, even beating economists’ forecasts. Earlier this week, the Labor Department reported that job openings slipped but hiring demand remained strong, while the turnover rate stayed high.

Yet on the other hand, the news cycle seems to bring near-daily stories of hiring freezes and layoffs, particularly in the technology sector and among startups. Tesla’s Elon Musk, Reuters reported Friday, wants to cut jobs and pause hiring amid what he reportedly called a “super bad feeling” about the economy. Other big tech companies, like Meta and Microsoft, have said they will slow hiring in certain parts of their business. Uber CEO Dara Khosrowshahi said in early May it would treat hiring “as a privilege.”

Meanwhile, job cuts tracked by the aggregator site Layoffs.fyi found that at least 15,000 tech workers lost their jobs in May, with cuts at companies like Bolt (25% of its workforce), Klarna (10%) and Carvana (12%), as well as many smaller startups shedding workers.

Headhunters say they’re seeing a drastic shift in how people are responding to inquiries in recent weeks, especially in sectors or at job levels where stock equity plays a role.

“Even a month ago we were going through hoops, doing everything we could to get people to respond to us—multiple messages on LinkedIn platforms, multiple social media platforms, text messaging,” says Jeff Christian, CEO of the executive search firm Christian & Timbers. “Now we’re seeing a 70% increase in response rates. People are curious. And they’re afraid.”

 

Higher interest rates, geopolitical turmoil and a continued global pandemic—combined with a punishing stock market—have made investors pump the brakes, leading more venture-backed companies to slow or cut hiring. In May, Forbes reported that an internal poll of Andreessen Horowitz’s portfolio companies showed that more than half were pulling back on 2022 hiring.

“It’s about companies not being able to access funding or at least get the valuations that they’re hoping to achieve—that’s very much the driver for some of these layoffs and hiring freezes,” says Glassdoor economist Daniel Zhao. He’s seeing similar trends in mortgage-related jobs in financial services, which are also dependent on interest rates.

 

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:

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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 …

But he says that while there is clearly a lot of concern about the economy, the headlines about job cuts are “not really showing up yet in the data as a wave of layoffs that would be comparable to past perceptions or downturns.” Overall, he says, the “holistic picture is still one where employer demand is extremely high and there aren’t enough workers to fill those jobs.”

Zhao says it’s common at an inflection point in the economy, like where we find ourselves now, to see stories that suggest two directions. At such times of change, “it’s always a little bit difficult to square the anecdotes that you hear with the data as it moves in real time.”

Still, he thinks some things are different about the current economic intersection. All of the focus on the “Great Resignation” over the past year or so, as well as the difficult time many industries have had finding workers, could influence what they do going forward. “I wouldn’t be surprised to see employers continue to focus on trying to retain and attract workers, even if there is a moderate downturn,” he says.

Brian Kropp, Gartner’s vice president of research, points to other disconnects he’s noticing. “In the past, revenue and staffing moved almost perfectly together,” he says. “Three months from now this could be different, but at least right now, the relationship between revenue and hiring is just not as consistent and highly correlated as it’s been before.”

That could be due to the backlog many companies already have when it comes to staffing unfilled roles, as well as the increased churn Kropp thinks companies will see as hybrid work allows people to switch jobs more frequently. “The labor market for places that aren’t impacted by concerns about interest rates or concerns about stock equity—that labor market? It’s still red-hot, going a thousand miles an hour.”

Just like many companies have learned lessons that “just-in-time” supply chains couldn’t withstand the havoc of a global pandemic, they’re also learning the same lean approach can hurt them when it comes to talent. Frankiewicz says many employers—especially those with the resources to hire more workers—have adjusted to more of a “just-in-case” philosophy when it comes to their workforces to try to avoid understaffing. At a time when more workers aren’t even showing up to their shifts, says Frankiewicz, it’s “not just in case I can’t find the talent, [but] just in case I can’t fill the shifts.”

Recent data from ManpowerGroup shows talent shortages reaching the highest levels in 16 years, and Frankiewicz said in an email about Friday’s jobs report that “the tension is palpable, yet the reality is optimistic.”

She wonders how the current market could impact a downturn. “We’ve never faced an entry into a recession like what we’re facing now” with such a tight labor market, Frankiewicz says, saying two key differences are a structural change in the number of workers in the economy, citing lower birth rates, and the demand for technology skills not only in tech firms, but across all sectors. “It’s why we’re having this conversation—because there is no playbook.”

 

Forbes.com | June 3, 2022 | Jena McGregor

#JobSearch : The Job Market Is Hot -Now Is The Time To Build Your Career. Note: Or Better Get a New One! GReat REad!

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The job market is hot right now, making this a perfect time to build your career. Employers are struggling to find and hire great talent—and as a result they are offering increasing pay, perks and opportunities. You can take advantage of the tight job market to grow in your job and get on a path to your best professional success.

Opportunities Abound  

A new report from ManpowerGroup surveying 45,000 employers across 43 countries found organizations are hiring. And in 15 countries, their hiring plans are the highest-ever—since the survey began in 1962. In addition, a report from Monster found 82% of US employers are planning to hire in 2021.

ManpowerGroup’s report found that globally, the strongest hiring is projected for the US, India and Canada and in North America it will be greatest in the US (up 48%), Canada (up 40%) and Mexico (up 39%). In addition to these top-hiring areas, the following countries also expect increased hiring: Austria, Belgium, Finland, France, Germany, Ireland, Italy, The Netherlands, Norway, Spain, Sweden and the UK. The countries experiencing the greatest difficulties in finding the right talent are India, Romania, Singapore, Bulgaria, France, Japan, Belgium, Germany, South Africa, Italy, Spain.

The ManpowerGroup report found the industries experiencing the greatest difficulties in hiring are manufacturing as well as finance/insurance/real estate/business services. The Monster report found the greatest job growth will be in the areas of transportation and warehousing, technology, healthcare, professional services and construction. “This recovery is unlike any we have seen before with hiring intent picking up much faster than after the previous economic downturns,” says Jonas Prising, ManpowerGroup chairman and CEO.

Career Implication: Companies and countries are looking for great talent. Consider focusing your search on the countries, markets and industries in which there is the greatest demand for talent. Now may be the time to strike out beyond your current country or industry—and grow in new ways and new places.

 

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 …

Fulfillment

According to data from Monster, 86% of workers say their careers have stalled due to the pandemic. And a survey of 500 Millennial and Gen Z workers by Elements Global Services found 78% of respondents said the pandemic made them question what they want to do for their job and career. In addition, people are looking for new opportunities and Monster job searches prove the point: They were up 18% in June and another 18% in July.

Career Implication: Now is a great time to regroup and re-assess your career goals, your organization, your culture and even your co-workers. You’ll be in good company as you consider what you love to do, what work provides the greatest fulfillment and the people with whom you want to work. According to Ruth Harper ManpowerGroup chief communications and sustainability officer, “Across the world we’re seeing talent shortages at their highest and rising including here in the US. These record-high hiring intentions as we emerge from the pandemic mean it really is a workers’ market right now.”

Work is a fundamental way we find meaning, express our talents and contribute to our communities. No job or career is perfect—there will be things you love about it and things that aren’t ideal, but you’ll experience greater happiness when you can align—as much as possible—what you love to do with what you have to do. And now is the time to reset and reimagine your career growth.

Skill Development

The need for skills on the part of employers is significant. According to the ManpowerGroup study, 69% of employers said they are having trouble filling roles because of a lack of candidate skills. And this was a 15-year high the data. As a result, 20% of employers are reducing their requirements for skills and experience, and 41% of employers are offering training, skill development and mentoring as a way to attract and retain employees. Claire Barnes, chief human capital officer, Monster, offers perspective on skill development, “Being able to upskill and retrain talent that you already have demonstrates career progression. It also demonstrates that if you are a strong performer, you have potential in the organization.”

From the employee point of view, the Monster study found 29% of employees say they are quitting their jobs because they don’t feel they have adequate growth opportunities, and 45% of workers said they would be more likely to stay with their employer if they were offered skills training. Specifically, workers want more development in technological skills like coding, machine learning, word processing (ex. Word, Google Docs), analysis (ex. Excel) and updating of professional credentialling and licensing. For those seeking new work, 54% say they don’t feel they have the skills they need to take them into the future.

Career Implication: Now is the time for you to consider the skills you want to build and the ways you can stretch to a new role, new job or new career. You may be able to enter a new-to-you field and obtain training from your employer. Or you may be able to enter a company leveraging your existing skills and expand within the organization through skill development, learning and mentoring.

Scott Blumsack, senior vice president for research and insights, Monster, offers this perspective, “The return to work poses a great opportunity for job seekers to leverage their skills for career advancement. Tech skills are always in demand across industries, but so are softer skills such as customer service and collaboration.”

Salary Increases

With the tight job market, ManpowerGroup’s study revealed 31% of employers are offering increased wages and 23% are offering incentives such as signing bonuses. This is consistent with what employees want as well. According to the Monster data, 77% of job candidates define “career growth” as salary increases and the Elements study of several hundred career-related Google searches found one of the top searches was “jobs that pay well”. In fact, searches for jobs offering higher pay are up 120% between February 2020 and July 2021.

Career Implication: Your pay could be on the increase. Look for jobs that pay well and don’t be surprised if the pay range for your job or career has increased. In some cases, key skills or credentials are especially scarce, so pay ranges for those roles have increased substantially. Do your homework so you know what you’re worth.

Popular wisdom suggests you shouldn’t change companies for less than a 20%-30% increase. In addition, consider today’s pay, but also tomorrow’s income growth. When you’re assessing a new job, ask employers about signing bonuses, pay progression and what you can expect in terms of regular pay increases.

A caveat: Don’t consider wages as your only criterion for a new job. Income can be intoxicating, but you should also consider your fit with the culture, the content of the job, the leaders with whom you’ll work and the colleagues from whom you’ll have the opportunity to learn. There are a lot of factors which contribute to your happiness at work—remember wages are only one of them.

Remote Work and Flexible Work

One of the newest considerations for your career choices is where you’ll work and the hours you’ll work. Increasingly, employers are offering flexibility in these areas to attract and retain in this tight job market. ManpowerGroup found 39% of employers are offering more flexible working schedules and 28% are offering more flexible working locations. A study of 420 decision makers by Atlas found 95% of companies believed some portion of their workforce would work remotely, either full time or part time. In addition, companies predicted 1/3 of their workforce would work fully remote and ¼ would work in a hybrid model.

Remote and hybrid working arrangements are increasingly what employees are demanding. The Elements study found the searches for “jobs that are done remotely” was up 114% between February 202 and July 2021. And the study from Monster found 69% of employees who don’t work remote today are considering switching jobs if a new job would offer the opportunity for remote work.

Says Scott Gutz, chief executive officer, Monster, “…the world has changed in 18 months. Employees have changed their approach to work-life balance and the relative importance of being in an office setting versus a home office setting.” And according to Harper, “It’s clear that people have been changed by the pandemic and have higher expectations of their employer to align with their values, enable work-life blend and positively contribute to our communities.”

Career Implication: You will likely have increasing opportunities to work your way in your location. Consider how and where you like to work, and seek choices and options from your employer. You may be able to move to a new region or community and do a job which would previously have been unavailable. Or you may be able to flex your schedule so you can find the just-right mix of the rewards of your work and rewards of activities outside of work (children, family, volunteering, etc.).

Consider flexible work as one aspect of the set of advantages your career choice offers. In addition, give thought to how much you’ll want to be face-to-face with colleagues to build your relationships and present in the organization to ensure visibility and future career growth.

In Sum

Now is the time to grow your career—in whatever way it is most meaningful for you. From more fulfillment and flexibility to greater pay and enhanced training, the opportunities are significant. The “fresh air effect” suggests that something new may seem ideal—and the grass may seem greener in the next role. But consider all you love and have invested in your current success before you make a jump. Chances are you’ll have plenty of new alternatives to choose from, and this may be the moment for a stretch, a new beginning or a new adventure in your career journey—in your current organization or in a new one.

Forbes.com | September 19, 2021 | Tracy Brower

#JobMarket : In A Scary Sign Of The Times, LinkedIn Plans To Lay Off 960 People.

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In a sign of the times, with a little bit of irony, LinkedIn—the go-to social media site for white-collar professionals—announced that it is laying off 960 workers.

In an open memo from LinkedIn CEO Ryan Roslansky to his employees, published on the platform, he wrote, “LinkedIn is not immune to the effects of the global pandemic. Our Talent Solutions business continues to be impacted as fewer companies, including ours, need to hire at the same volume they did previously.”

Roslansky said in the note that LinkedIn, similar to many other companies, is trying to adapt to this new and different environment and needs to “make some hard calls.” In a desire to offer transparency to his workforce, Roslansky offered, “After weeks of discussion and deliberation, the executive team and I have made the extremely difficult decision to reduce approximately 960 roles, or about 6% of our employee base, across our Global Sales and Talent Acquisition organizations.”

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

Article continued …

Chris Russell, the managing director of RecTech Media and 20-plus year expert on recruiting technology and job boards said, “The layoffs at LinkedIn are not surprising given the fact that thousands of recruiters have lost their jobs due to Covid-19.” Russell points out that a substantial portion of the social media platform’s revenue is derived from recruiters purchasing pricey subscriptions and job postings. With fewer recruiters, he said, “They have less people to sell into right now.”

Russell noticed that the downsizings in the job board space “have been happening for months since it was kickstarted with the ZipRecruiter layoffs in late March.” ZipRecruiter, whose advertisements dominated radio shows and podcasts for a while, laid off almost 500 employees, according to the Wall Street Journal—representing over 30% of its workforce. At the time, Ian Siegel, the CEO of the job board said, “Our customer base looks like the U.S. economy by size, geography and industry.” Siegel added, “The U.S. economy is hurting and we regretfully have to do what is necessary to make sure we are there for the great American comeback story to come.”

 

Forbes.com –  July 21, 2020 – Jack Kelly  Senior Contributor Careers I write actionable interview, career and salary advice.

#JobSearch : The COVID Effect on the Job Market. A MUst REad for All!

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As I write this blog article, the United States economy just moved past the 80th calendar day since the international pandemic (Corona-Virus 19) in which the quarantine sent everyone scurrying behind locked doors and face masks.  Companies who relied mostly on technology were mostly insulated from business losses during the quarantine.  Other companies moved to ‘curb-side’ service, online meetings (using Zoom, Adobe, and Google meeting cloud platforms).

Some businesses (online shopping, health care, e-commerce) were able to still perform ‘as usual’ – especially if already providing services and products ‘virtually’ (employees moved from offices to homes to work via telecom technology.  Those companies most impacted, e.g., non-essential retail, restaurants, hotels, travel, and entertainment are still struggling and many are facing bankruptcy.

What does this mean for workers or those looking for new jobs and careers?

1- Job seekers will have more competition for the job they would normally have been a ‘shoo-in’ pre-pandemic; in this economy, it’s now an employer’s market for hiring. Expect to be rejected more often as an applicant.  The company may have a hiring freeze or slow-down, but there also may be jobs not advertised.  Keep on posting your resume into the ATS on the recruiting system for the company(ies) you are targeting.

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

Article continued …

 

2- Sharpen or add technology skills on the career resume for the job search. If you have the skill sets that enable to you to work from any location – job site, in the field, or from home, this will showcase your adaptability.  Have you worked from home during the quarantine? Are you able to adjust to a personal work schedule and reliability? Mention that in your resume to showcase capabilities.  Jobs ‘on-site’ in the past may be virtual go forward.

3- Job seekers need to update and ensure their computer has with telecom capabilities – camera, speakers, and access to Internet for online meetings; and it’s important to realize the vital need for updating one’s resume and LinkedIn profile for recruiters to more easily find you online. Test your meeting software and equipment with friends and family member (virtual dinner party, anyone?).

4- Review the field or industry – you may need to move to new careers. Job seekers need to target industries for ‘core business industries’ e.g., advertising, tech, delivery companies [fusion_builder_container hundred_percent=”yes” overflow=”visible”][fusion_builder_row][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”][packages, food], tax assistance, video communications, instruction and teaching platforms [e.g., universities, colleges, tutoring], essential businesses [pharmacies], healthcare services, and/or cleaning and sanitation [janitorial]. The companies to avoid targeting for job searches are those related to travel – hotels, airlines, sports, and automotive. My husband takes Viagra for a couple of years now. I always wondered if it could help me become better in bed, so I decided to take a pill. Well, I can’t say that I felt anything different, but the sensations during intercourse were definitely better. I suppose it was due to better lubrication, which, I suppose, was the result of my experiment.

5- Refresh your resume on the big boards (e.g., Monster, CareerBuilder, Indeed) – the older resumes float to the bottom of the resume pool; even if you add a dot or space, those ATS platforms categorize the resume as a ‘new’ (refreshed) resume.

6- Be prepared for ‘more’ online virtual meetings, interviews, and panel discussions (hiring committees) versus driving to the location for the meeting (this is good – saves gas, and you can wear a nice shirt and jacket over your pajama bottoms).

7- Be prepared to do more email and online networking – the face-to-face networking is ‘out’ with social distancing in place (likely for the next 6-18 months). Do continue to make phone calls to friend, peers, past co-workers and bosses to let them know you are available for work. Who do they know is looking to hire?

8- Recruiters won’t be able to rely on ‘body language’ in virtual interviews, so it’s important for job candidates to look sharp, act like they are paying attention during the online cloud meetings, and to ensure the dog or cat won’t interrupt the meeting. The interview candidate may have to project more to demonstrate a positive attitude and don’t forget to clean up the area behind your computer to look like a more professional work environment.

9- In the past, recruiters may have been able to make a job offer and have a candidate in the seat in two weeks. The pandemic has slowed the process down to ‘whenever it is safe to physically come to work.’ Expect delays in the hiring process – some college grads who were extended job offers aren’t able to work for their new employers until as late as July or August while the company struggles to determine health and safety protocols. There will be a slow-down in the decision-making.  Companies may take a while before business picks up again to justify the hire and bringing the candidate onboard with a start date.

10- Job seekers who have lost their jobs need to be aware the extended benefits from the Payroll Protection Act are for a small and finite period. If your employer laid you off and you refuse to come back to work – you will lose your unemployment benefits.  Even if you get paid more in the PPA, it is vital for you to get back to work so you have a job after the benefits run out.

11- Do not lose hope. If you have a ‘side’ job, you may need ramp up the sales and services to bridge the financial gap between the last job and the new post-Covid career move.

 

FSC Career Author: Ms.Dawn Boyer, Ph.D., is a FSC Career Coach & owner of D. Boyer Consulting – provides resume writing, editing, and publishing (print-on-demand) consulting. Reach her at: Dawn.Boyer@me.com or visit her website at www.dboyerconsulting.com.

 

FSC Career Blog |  June 12, 2020

 

Bio: Dawn D. Boyer, Ph.D., has been an entrepreneur and business owner for 20+ years, with a successful business and consulting firm (CEO) in Virginia Beach, Norfolk, and Richmond, VA.  Her background experience is 24+ years in the Human Resources field, of which 12+ years are within the Federal & Defense Contracting industry. She is the author of 812+ books on the topics of business, human resources research, career search practice, women and gender study, genealogy and family lineages, quotes for motivation and self-improvement, and Adult Coloring Books.  Her books can be found on Amazon.com under her author’s page for Dawn D. Boyer, Ph.D.[/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

#CareerAdvice : #YourCareer -How The Wall Street Stock Market Plummet Of 800 Points Could Dramatically Hurt The #JobMarket .

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The United States witnessed an amazing, meteoric economic-growth trend, from the depths of despair—during the 2009 financial crisis—to where we are now. In the last 10 years, we have gone from a near depression to record-setting highs in employment and the stock market. Unfortunately, markets don’t experience an uninterrupted, upward trajectory forever. 

Wall Street professionals and experienced investors know that blazing-hot stock markets ultimately correct, lead to recessions or sometimes crash. On Wednesday, we watched an ugly 800-point plunge in the Dow Jones Industrial Average, which serves as a bellwether for the stock market. Predictably, media outlets immediately went into a frenzy—predicting doom, gloom and a recession. Cable news had a field day, citing geopolitical events, inversion of the yield curve, trade war tensions and other fear-inducing sound bites as the cause to frighten viewers into staying tuned into their channels. The television journalists and newspaper writers could have calmly and dispassionately informed the public that the stock market corrections of 5% to 10% are common and we are long due for one, but that doesn’t generate ratings.

The worry I have is not so much the vagaries of the stock market, but rather the perception of the future direction of the stock market and its impact on hiring. The job market is closely correlated with the stock market. Stock prices are based on future earnings. If stocks are high, then investors believe corporate earnings and profits will do well. If the market is down, it could be because investors lack confidence in the ability of companies to generate growing profits in the future.

 

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

Continue of article:

The large number—800 points—alarms the average person who is unaware of the fact that this is less than 3%, which is not so terrible. Stock market drops, accompanied by the negative sentiment among people and the media fanning the flames of possible recession and even worse calamities, set the stage for a general unease. Confidence in the future of the economy erodes. Executives worry about the future. When the CEO and upper management believe that the economy will slow down, they will hit the brakes. This entails laying off employees, instituting a hiring freeze and—through attrition—when people leave, they won’t be replaced. When enough companies do this, it becomes a self-fulfilling, downward spiral. A company may not want to be the only one hiring in a bad economy, as they will then have to let these people go later on. Potential job seekers will be concerned about leaving a relatively safe job to take on the risk of switching roles with another company—only to be fired in a few months. Older workers will put off retiring, as they see their 401k plans fall in value. New products, divisions and business lines won’t be started since there is worry and uncertainty about the future. Therefore, the jobs associated with growth won’t occur. Management will discontinue offering raises and bonuses. If stock market drops accelerate, the fear factor will increase and additional jobs will be cut.

Hopefully, the current mood is only part of a routine correction. Let us be optimistic that the stock market will bounce back, global political and economic tensions will ease and we will get back on track again.

Author:  Jack Kelly

I am a CEO, founder, and executive recruiter at one of the oldest and largest global search firms in my area of expertise, and have personally placed thousands of profes…

Forbes.com | August 15, 2019

Your #Career : A Professional #CareerCoach Shares 12 Affordable #OnlineCourses that’ll Help you Advance your Career … Whether you’re a #CollegeSenior Starting to Look into your Post-Grad Prospects or a #WorkingProfessional with Years of Experience Under your Belt, the Constantly Shifting #JobMarket Never gets Easier to Navigate.

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Whether you’re a college senior starting to look into your post-grad prospects or a working professional with years of experience under your belt, the constantly shifting job market never gets easier to navigate.

It can be hard to wrap your head around all the newly emerging job titles and inefficient, poorly designed application systems, but the one area that you can be in complete control of are your own skills.

Don’t worry if you feel like your school career centers failed you or you’re not fully equipped yet to tackle the industry or job of your dreams. That’s why online learning platforms like Udemyand Coursera are so beautiful — you can take quality classes taught by experienced professionals or actual university professors at low costs and on your own time. Learning a new skill from scratch or brushing up on always-relevant ones has never been more accessible or convenient.

We asked Amanda Augustine, a career advice expert at TopResume and certified professional career coach with over 10 years of experience in the recruiting industry, about the top skills that anyone who wants to land a job right out of college or advance their career in today’s job market should have.

Here’s what she had to say and the online courses she recommends looking into. 

Strong written communication skills can get you far.

Strong written communication skills can get you far.

Strelka/Flickr

Whether you’re writing your cover letter, following up after an interview, or sending an email to everyone in your department, superb written communication skills are a must. Impress the hiring manager or your boss by optimizing your writing skills. If you struggle to write, conquer that stumbling block with an online course in effective business writing.

Course options:

 

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

Continue of article:

It’s helpful to be comfortable with public speaking and presentations.

It's helpful to be comfortable with public speaking and presentations.

Toastmasters International

You may not want a job that requires you to present in front of large crowds; however, sound presentation skills are useful in many instances beyond a podium. Employers value professionals who can clearly and succinctly articulate their thoughts one-on-one and during a group meeting.

Whether you find yourself explaining your ideas in an interview room or during a department meeting, strong communication skills will certainly come in handy. These online courses will help you improve your overall communication skills, overcome your public speaking fears, and fine-tune your powers of persuasion.

Course options:

Don’t write off the importance of networking — there are ways to do it effectively while staying genuine.

Don't write off the importance of networking — there are ways to do it effectively while staying genuine.

Synergos Institute/Flickr

Love it or loathe it, you can’t avoid the art of networking in today’s job market. Whether you’re looking for a job or wanting to advance your career, a strong professional network is a key ingredient to success. However, not everyone is a social butterfly with a large rolodex of connections at their fingertips. If you’re not a natural power-connector as described in Malcolm Gladwell’s book, “The Tipping Point,” then it may be time to find an online course that will teach you the basics.

Remember, sending LinkedIn requests to random people does not count as networking. Look for courses that will help you go beyond social media to seek out relevant contacts and plant the seeds for a meaningful professional relationship with these connections.

Course options:

You are your own product and you need to sell yourself to potential employers.

You are your own product and you need to sell yourself to potential employers.

University of Michigan School of Natural Resources & Environment/Flickr

In today’s job market, it’s not enough to have a great resume. You also need to clearly communicate your personal brand — the unique qualities and abilities that make you, well, you— to employers and networking connections online, on paper, and in-person. In other words, you have to consciously manage your personal marketing campaign during the job search.

It should come as no surprise, then, that marketing professionals have an advantage when it comes to searching for work. Give yourself an edge up on the competition during your job search by getting a crash course in the principles of marketing.

Course options:

 

Think of negotiations as a conversation, not a battle.

Think of negotiations as a conversation, not a battle.

Strelka Institute for Media, Architecture and Design/Flickr

You may not be vying for a sales position, but don’t be fooled. Every professional can benefit from becoming a better negotiator. This valuable skill will serve you well during your job search when negotiating your job offer, as well as when you’re on the job.

From negotiating contracts with vendors or clients, to working out the details of a prospective employee’s compensation package, to vying for a raise or promotion with your boss, strong negotiation skills will help advance your career. If you’re uncomfortable leaving emotion at the door while you hash out a contract, give one of these online courses a try.

Course options:

Fill in a skill gap.

Fill in a skill gap.

Flickr/WOCinTech Chat

Sometimes, the best way to improve your chances of landing the job you want is to develop your relevant skills. If you’re new to the workforce with little to no professional work experience under your belt, you may need to seek alternative methods to bolster your resume.

Once you have a clear job goal in mind, reach out to people in your network who work in your desired field to find out what skills are in high demand. Then, research sites like Udemy, Envato Tuts+, General Assembly, Coursera, edX, GoSkills, Lynda.com, and SkillShare, to name a few, to find out if there’s a way for you to develop those skills while you’re searching for work. This method is also useful for those who want to change careers or move up the ladder and aren’t able to build the skills they need within their current position.

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Businessinsider.com | February 7, 2018 | Connie Chen, Insider Picks