Latest news with #MyPerfectResume
Forbes
22-05-2025
- Business
- Forbes
Leaving A Job Without A New One Lined Up? 5 Times It Makes Sense
Workers are growing more cautious. An analysis of 33,000 cover letters created on the MyPerfectResume platform shows that, compared to last year, job seekers are 70% less likely to leave a role before starting a job search. That still leaves 30% who quit their job before finding a new one. There are definitely advantages to waiting till you have a new job before quitting your old one. It's less of a financial risk since you don't have a gap in your paycheck. It's less of an emotional burden since you don't have a gap in identity from employed to unemployed. It's arguably less taxing mentally and physically since you don't have a gap in routine. However, sometimes jumping without a net is a reasonable choice. If you're weighing whether to leave a job without a new one lined up, here are five times when it actually makes sense: If your health is suffering from burnout or workplace bullying, then quitting for your own self-preservation could be the smartest move. Try first to get help from HR, your company Employee Assistance Plan hotline, and/ or a mentor to improve the situation. Check if you can arrange a sabbatical or qualify for short-term disability, which gives you options to return. See if your accrued vacation days gives you enough time off to recover. However, if you've already tried this and your situation hasn't improved, prioritizing your health is definitely a good enough reason to quit your job. When you're at work, you're not wherever else you could be, and that's the opportunity cost of your current job. If you are a working parent and long to be a stay-at-home parent, your child will only be at that age now. If you long to travel, places on your bucket list will change over time (from natural evolution, climate change, overtourism), so depending on what you want to see, you are risking those travel dreams. If you find a strong pull to do something else, and you need time away from any job to fulfill this, then quitting your job without another one might be the optimal choice right now. The advantages of going immediately from one job to the next are continuous earnings and less disruption to your identity and routine. However, if you have savings or other income outside your job, the drop in earnings may not be an issue for you. If you have clear ideas for what to do next – whether that's knowing exactly how to land a job you love, consulting for a while, or taking on personal passion projects – then you may not even have much of an employment gap to explain. If your next move could be more lucrative, more fulfilling or otherwise more suitable to you, then quitting your job and investing that energy into what's next may be the best use of your limited time and effort. Maybe you want to start consulting, but it would be a conflict of interest with your current job. Or you want to buy a small business and want to spend your workdays vetting prospects. Maybe your job was good enough before, but you're different now and ready for a change. You can replenish most resources: the salary you forfeit can be earned back by working extra hours down the road; your skills and expertise can stay updated with project work or volunteering in your field; your professional relationships can be maintained by following up on a regular basis. However, you can't get back time. So, if you're done at your job, be done with it, and allocate your time to something more meaningful.
Technical.ly
21-05-2025
- Business
- Technical.ly
5 things in the office you can't duplicate with work from home
Working from home, whether in a remote or hybrid job, has its benefits — but there are some things that can't be replicated compared to working in an office. That's something many workers are missing out on these days. Across 74 promising early-stage startups in the mid-Atlantic, there were more than four times as many remote jobs as in-person jobs, according to a analysis. And there were even more hybrid jobs where employees work from home some or most of the time. It's not just startup employees. A 2024 MyPerfectResume survey found that just 2% of more than 4,000 employees preferred to work on-site full-time since the COVID pandemic gave office workers a taste of work-from-home. Larger companies that continue to hire all-remote workers include Verizon, NBCUniversal and HubSpot. In 2022, Comcast sold a nearly state-of-the-art customer service center after seeing its employees work just as well from home. Still, with the federal government sending hundreds of thousands of remote workers back to sometimes non-existent offices after an executive ban on remote work, the age of working from home might be dimming. And while for many companies and employees, there is no one-size-fits-all workplace type, most jobs require at least some time in the office. Work-from-home defenders may be quick to say that there are no disadvantages to fully remote work (and for some jobs, that may be true), but experts say there are some things that can't simply be duplicated. Here are five of them. Spontaneous collaboration Yes, in a healthy remote work scenario, colleagues can communicate online throughout the day and jump on a call if necessary, but being around colleagues in person fosters more opportunities for collaboration that don't fall into a scheduled virtual meeting. 'As much as becoming untethered from the workplace by cell phone, by virtual meetings, is an advantage,' said Paul Levy, then-president of Center City District in Philadelphia in a 2023 interview, 'there are huge advantages for face-to-face interaction in brainstorming and developing new ideas.' Mentorship Mentorship experiences are some of the most impactful experiences a person can have in their career. It's not impossible to do virtually, but, like collaboration, spending mentor time face-to-face is valuable. 'You get a good amount more social nourishment from being with your peers and colleagues at work,' Ballard Spahr partner Kimberly Klayman said during a panel about burnout and remote work at the 2023 Builders conference. Klayman found that training junior associates at the firm in person, along with partners, reduced the burnout rate. Device repair When an employee's computer crashes or gets a virus, it's a lot easier to handle if IT assistance is right there. 'Aside from salary, employees rank access to technology tools and support to effectively do their jobs as the most influential factor in deciding whether to stay or leave an employer,' said Alan Shen, VP of solution management and digital workplace solutions at Unisys in a 2023 guest post. In-office amenities A wealth of in-office amenities, like daily free meals, a gym, recreation and relaxation perks can be a red flag signaling that your employer expects you to spend a lot of time at the office. At the same time, who doesn't like a free bagel in the morning here and a pickup cornhole game there? Little perks can be one of the fun parts of going into the office that can be hard to duplicate remotely. Most of the over-the-top amenities like free laundry service went away after the height of the pandemic, and the trend went toward perks like flexibility, paid time off and mental health support. Still, if you have to return to the office, a few in-person perks don't hurt. Work-life separation One of the biggest things remote work offers for employees who have spent years commuting to 9 a.m. to 5 p.m. jobs is a better work-life balance. When a parent with a 45-minute daily commute might see their school-aged children just an hour or two a day before bed, it's no wonder that remote work is so popular. But, for some people, being at home all the time is too much — and too much of anything can lead to burnout. As many people learned during the pandemic lockdowns, spending hours working virtually can also lead to Zoom fatigue. For hybrid employees, time in the office should be unlike working from home, focusing on collaboration and other in-person things. 'If you just need to code, the best place usually is in your house,' said Anil Karmel, cofounder and CEO of RegScale, in 2023. 'You've got your setup, you're comfortable, you've got whatever you need to do that deep work. [In contrast,] collaborative work is like, 'I'm running into a roadblock, we need to come into the office, sit with the architects and the managers and CTO and lay out that strategy.''
Yahoo
16-05-2025
- Business
- Yahoo
81% of Workers Fear Job Loss This Year — How Should You Prepare?
A study by MyPerfectResume found that 81% of workers fear job loss in 2025. Which is understandable, as this would no doubt be a hit to their personal finances. They're not alone in their worries, either. Banking giant JP Morgan forecasts recession probability at 60% and the Commerce Department has already logged one quarter of shrinking GDP. Here's how should you prepare, if you worry that your job sits on the chopping block. Read Next: Try This: It takes time to pull back on spending. Too many workers who lose their jobs keep spending at the same pace even when they don't have income. 'With a pending recession, you want to cut spending early,' said Ashley Morgan, debt and bankruptcy attorney. 'The lower you get your expenses, the more you can tolerate increased prices or loss in income.' By slashing your living expenses now, you can funnel more money into savings and debt paydown. Explore Next: Less than half (49%) of Americans can cover three months of living expenses with savings, according to a survey by MarketWatch. But it can take many months or even years to find a new job, depending on your field and income. While three-to-six months of living expenses make a good rule of thumb for emergency savings, Morgan recommended even more in times of uncertainty. 'In a tight job market, you want six to 12 months of savings to tolerate a longer period of unemployment or underemployment,' she added. It's usually easier to keep your existing job than to get a new one. And that starts with making sure you're creating far more value for your employer than you cost. Brittany Truszkowski with Grand Canyon Law Group specializes in organizational development and streamlining for businesses. She said workers often fear getting fired but they haven't asked for feedback in years. 'Ask for an appointment with your supervisor. Ask 'How am I doing?' or 'What should I be working on this quarter?' Initiative-taking can keep you off the cut list,' Truszkowski explained. The greater your skill set, the more value you can provide to both your current and future employers. Most workers know it — and know they could use an upgrade. According to the MyPerfectResume study, 61% of workers have concrete plans to upskill this year and another 31% are considering it. You've heard it before: the best time to get a job is when you already have one. Even if you lose your job before finding a new one, it helps to have a head start. 'Compile a list of your achievements, notable projects you've worked on and positive feedback from colleagues, vendors and leadership,' said Sam DeMase, career expert at ZipRecruiter. 'Save copies of your positive performance reviews, testimonials and any important work samples or files that you own.' Most people hate networking. But it's far easier to get a new job from someone who already knows and trusts you than to get a stranger to choose your job application out of hundreds that came in. Patrice Williams Lindo, CEO at Career Nomad, recommended you network like you're already on the market. 'You don't need to be job searching to be relationship building. Reach out weekly, ask questions, offer insights. Career security lives in who knows your name when opportunity shows up,' Williams said. If you think your company is a sinking ship, your networking efforts may just get you off before it goes down and leaves you stranded without a job. More From GOBankingRates Surprising Items People Are Stocking Up On Before Tariff Pains Hit: Is It Smart? 7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth 5 Little-Known Ways to Make Summer Travel More Affordable 5 Cities You Need To Consider If You're Retiring in 2025 Sources MyPerfectResume, '4 Out of 5 Workers Fear Job Loss in 2025: The Great Stay Explained.' Commerce Department, 'Gross Domestic Product, 1st Quarter 2025.' Ashley Morgan, MarketWatch, 'Economic Outlook: 1 in 2 Americans Is Pessimistic About the Economy, 9 in 10 Fear Tariffs.' Brittany Truszkowski, Grand Canyon Law Group Sam DeMase, ZipRecruiter Patrice Williams Lindo, Career Nomad This article originally appeared on 81% of Workers Fear Job Loss This Year — How Should You Prepare? Sign in to access your portfolio
Yahoo
01-05-2025
- Business
- Yahoo
Stable Job vs Bigger Paycheck: Which Should You Choose in a Recession?
In an economy that feels unsteady, making money reliably might feel more important than ever — but employees are worried their jobs are unsteady. According to a recent report from MyPerfectResume, 81% of American employees are concerned about losing their jobs this year, and 76% believe that layoffs will go up in 2025. Employees are hesitant to switch jobs, as well, a trend the research noted is known as 'The Great Stay.' Read Next: Try This: With 92% of respondents mentioning recession fears in 2025, it's understandable why many may want to remain in their current roles. This means that employees may choose to stick with a stable job that they're confident they won't be laid off from over accepting a higher-paying job that could be less stable in a possible recession. Here's a look at the idea of sticking with a stable job compared to pursuing a higher paycheck as concerns over a recession remain. There are two major benefits to sticking with a stable job that you're confident you won't get laid off from. Consider This: Kraig Kleeman, an accomplished entrepreneur and founder of The New Workforce, noted that job stability comes with an emotional payoff. He added, 'In unpredictable times, that often outweighs the financial bump of a higher, yet unstable, paycheck. Especially when you're juggling a mortgage, caring for a family or simply trying to get a decent night's sleep, predictability holds real worth.' If you have significant expenses and a family to support, you may not want to take on unnecessary risks, especially as fears of a recession loom. 'For some individuals, stability is much more important than increased upside,' said Robert R. Johnson, Ph.D., CFA, CAIA, professor of finance at Heider College of Business at Creighton University. 'The stable job may be the wiser move if you're providing for others, managing substantial debt or just prioritizing peace of mind.' A reliable income will help you gain control of your finances and allow you to make long-term plans, since you don't have to stress about a possible job loss during a recession. When the economy falls into a recession, it can be challenging to recover, especially if your industry is particularly sensitive to economic fluctuations. 'It's better to have a stable job making less than a better-paying job with less stability,' said Melanie Musson, a finance expert with Clearsurance. 'If your income is lower, you can live a more modest lifestyle, but you can still enjoy time with your friends and family, have vacations and save for your future.' When a higher paycheck comes with job insecurity, it can be challenging to make long-term financial plans. The constant stress of worrying about losing your job can also be physically and emotionally draining, which may mean the additional funds aren't worth it. On the other side of the coin, there are also two occasions where it makes sense to chase a bigger paycheck even if there are concerns over a recession. 'That high-paying role might be a smart gamble if you're just starting your career, don't have obligations and are OK with taking risks,' Kleeman said. 'Assuming you don't get swept up in a layoff, it could fast-track your skills, boost your savings and unlock new opportunities.' If you don't have any major financial obligations or if you're new in your career, you may want to fast-track your savings by going after the larger paycheck. This could enable you to establish a solid financial foundation for the future. 'Depending on your specialty, you could quickly find employment elsewhere if you lose your job,' Musson said. 'In that case, a better-paying job with less stability may be a better option, because losing your job doesn't have to mean you'll spend a month unemployed.' If your industry has abundant employment opportunities, even in a possible economic downturn, then you could benefit from taking the bigger paycheck, since you won't have to worry about landing back on your feet after a layoff. Kleeman pointed out that not enough people consider this third route, which is diversifying while staying grounded in a stable role. This building a side hustle and developing skills that make you lay-off resistant while keeping your secure job. This would allow you to maximize your income while remaining prepared for a possible recession. However, it could also be more stressful, since you won't have as much free time. 'My advice would be to go with your gut and try to make the decision based on your preferences and appetite for risk,' said Adem Selita, a financial professional and co-founder of The Debt Relief Company. 'If you have fewer potential liabilities, you might want to consider a higher-paying job that is less stable. If you have sustained responsibilities, you might want to more heavily consider the job with more stability.' Johnson agreed that the answer to this question is individual-specific. He said, 'It's all about how an individual is wired — that is, their willingness and ability to bear risk. And it is about both willingness and ability to bear risk.' Ultimately, your decision between a stable job and a bigger paycheck will depend on your personal situation and your level of risk tolerance. For some, the bigger paycheck is always worth it, but for others, stability may be what they need at this stage in their lives. More From GOBankingRates Mark Cuban: Trump's Tariffs Will Affect This Class of People the Most How Far $750K Plus Social Security Goes in Retirement in Every US Region How To Get the Most Value From Your Costco Membership in 2025 12 SUVs With the Most Reliable Engines Sources MyPerfectResume, '4 Out of 5 Workers Fear Job Loss in 2025: The Great Stay Explained.' Kraig Kleeman, The New Workforce Robert R. Johnson, Creighton University Melanie Musson, Clearsurance Adem Selita, The Debt Relief Company This article originally appeared on Stable Job vs Bigger Paycheck: Which Should You Choose in a Recession? Sign in to access your portfolio
Forbes
23-04-2025
- Business
- Forbes
The Great Stay Isn't Over. What's Next For The U.S. Workforce In 2025?
Job insecurity is at its peak since the aftermath of COVID-19 After the mass resignations of 2021, leading to the trend dubbed The Great Resignation, millions of professionals are doing the exact opposite of what we saw a few years ago. Not because they love their jobs, but because they're too afraid and worried about the economy and threats to their job security to leave. This most recent workforce trend has been called The Great Stay, and it kicked off in late 2023 to early 2024. Recent data from MyPerfectResume's State Of The Labor Market report notes that the trend is continuing, and employees have valid reason to be worried. The report notes that four in five workers are anxious about losing their jobs this year, and the numbers reveal the extent to which professionals are losing faith in the job market, painting a stark picture of the U.S. workforce today. The survey, which polled more than 1,100 U.S. workers revealed that about 76% of workers anticipate more layoffs this year, with 63% expecting more businesses to close compared to last year. More than half predict burnout rates to worsen. And job insecurity has been cited as the leading cause by 43% of respondents. Indeed, 2025 has had its fair share of labor market turbulence. February saw the highest number of layoffs since the pandemic, and ongoing negotiations in the trade war between the Trump administration and other countries has set off tariffs and counter-tariffs, meaning more factories and plants are forced to shut down and lay off their workers. So of course U.S. professionals in the traditional workforce have cause for concern. But with this backdrop, what can workers expect or prepare for during the rest of the year? With more workers staying put in their jobs--even in roles they hate or at employers that are toxic--the side effects of taking such a course could worsen. The Great Stay can result in skill atrophy, especially if your role does not provide room or space for you to grow and expand. You end up settling for less-than-ideal rather than quitting your job because you have nothing else to fall back on, and since your skills are under-utilized, you lose enjoyment, fulfilment, and satisfaction in your career. This inadvertently impacts your mental health and overall wellbeing. Staying in a job that is not healthy for you can also lead to other disastrous consequences such as missed income potential, and losing any drive or self-motivation for your life. Perhaps this is why, simultaneously, many U.S. workers are opting for freelancing and taking up side hustles as a means of not only boosting their income (relieving over-reliance on their primary job) but also as a way of exploring their interests and skills and enjoying their work, outside the confines of their jobs. Instead of staying idle, many are exploring ways to make money online and build passive income streams. Professionals who continue to stay in their jobs this year, even when they would have moved otherwise, intend to use their spare time to upskill so they can not only retain their roles but so they can also be of use elsewhere and increase their value in the job market. The MyPerfectResume report states that '61% of workers plan to upskill in 2025 to remain competitive.,' which is certainly a positive upside to this labor market trend. Overall, while staying in a job because of fear may feel secure, it's not the safest route, as far as your mental and physical wellbeing are concerned. Neither is it a smart move if you don't have a back-up plan, because the past few months have shown us that your job is still at risk of being eliminated regardless of your role's hierarchy level. True job security in 2025 comes from positioning yourself for opportunities before they're needed; learning on the go; creating additional income streams; and strategically protecting your mental health and refusing to succumb to burnout. This means taking a break when you feel you need it, standing your ground for your rights at work, listening to your body, setting clear boundaries at work, and allocating time for upskilling each week. If a job does not offer you room to grow, you've got to provide your own options Who knows, 2025 might pave the way for a new workplace trend: one where employees are empowered to take back control of their careers and create opportunities for themselves independent of employers?
