Usually during the months of November and December employment goes up given the need for seasonal or part-time workers. This year the opposite has happened. In November 4.5 million people left their jobs. In October, the number was 4.4 million resignations. What’s happening? There is a war for talent. A lot of the turnover is occurring at the lower end of the pay scale. Higher level … Continue reading the story "A WAR FOR TALENT!"
Post Archives from the ‘Blog: Career Advice & Tips’ Category
Say you get an offer that is 15% higher than your present pay. Should you take it? The answer can be either yes or no depending upon the total value of the offer versus the total value of your current position and geographical cost comparisons. Let me explain. Discounting all other factors like relocation cost, family issues, and a new job fit, there are other factors … Continue reading the story "COST/VALUE JOB CHANGE"
Insightful surveys are being conducted about the causes of job changes and what companies can do to retain high performers. One such survey was conducted by Explorance of U.S. full and part-time employees. They are looking at the undercurrent drivers behind the surge of employee departures. The usual causes of turnover are low pay, a hostile work place, Covid-related issues, a lack of training, no career … Continue reading the story "WHAT DO THE SURVEYS SAY?"
Is it a good or bad time to ask for a raise? It depends upon some dynamics within the organization for which you work. Answer some basic questions for your answer: Is your company accelerating revenue and profit? Are there many open positions that the company is finding hard to fill? Are new employees being hired at inflated pay just to get them on board? Are … Continue reading the story "TIME FOR A RAISE?"
Short-term inflation is currently running over 6%. Wage gains, on the other hand, is running an average of 3.2% for 2021 and projected to be an average of 4% for 2022. High performers can expect a higher wage gain, but probably not much more than 6%, equal to this year’s inflation rate. So, what do you do? Some facts and projections:
- Prices for food and many … Continue reading the story "SPECIAL EDITION: INFLATION VRS WAGES"