February 15th – The #NumberOfTheDay is 14.
In 2017, the McKinsey Global Institute estimated that as many as 375 million workers or 14 percent of the global workforce would have to switch occupations or acquire new skills by 2030 because of automation and artificial intelligence.
As a kid, I used to love to play with my kaleidoscope. It was pretty neat for an 8-year old to see the ever-changing colors and patterns. The world around us is continually changing, whether in the world, at home, at the office, or with our health.
The workplace dynamics change consistently, which is one reason you should be ready with an updated résumé at all times. Even if you are not actively seeking a new position, your position could be eliminated, or a recruiter could call with a can’t-miss opportunity. Be prepared for change at a moment’s notice.
February 16th – The #NumberOfTheDay is 23.8
According to a recent article in Fortune magazine, 23.8% of all jobs are created positions for an individual based on their skill set. What does this mean for you?
Consider, the vast majority of jobs are not posted anywhere online, and for those that are, you have 2 ½ strikes against you before you even apply. The most successful job seekers don’t wait for a job to be posted online; they tap into the hidden job market.
Target 10 – 20 companies you’re interested in and that you think you can add value to. Research those companies inside and out and build your network with stakeholders in that company to get in front of the decision-makers with an accomplishment-rich résumé.
Once you have your foot in the door, anything can happen and often does. Smart companies look for ways to attract, hire, and retain the best employees regardless of whether there is an open position or not.
February 17th – The #NumberOfTheDay is 53.65
According to the U.S. Bureau of Labor Statistics, total compensation costs per hour worked for private industry workers in the San Francisco area cost employers $53.65 per hour, the highest in the country. Compare that number with New York, who ranked second on the list, who came in at $43.39 per hour, nearly 20% less.
When elevating salaries, make sure you compare apples to apples and oranges to oranges. If you live in Miami, where total compensation costs are $28.48 per hour, almost half of San Francisco, you can’t expect the same type of salary.
When researching expected salaries, make sure you focus on regional trends and averages, not on national data that can easily be skewed by outliers.
Here are a few resources for researching your true market worth:
February 18th – The #NumberOfTheDay is 38.4
In 2019, the median age of those living in the U.S. is 38.4 years was a full year older than it was in 2012. These results confirm that our nation’s population is aging.
Companies today face challenges when dealing with workers from several generations – Boomers, Gen X, Millennials, and Gen Z – and how to bridge the gap in mindset, succession planning, and compensation.
Older workers often feel at a competitive disadvantage because of generational stereotypes. Here are a few tips to help more mature workers, even the playing field:
- Lose the outdated AOL email address
- Remove education dates from your résumé and LinkedIn profile
- Make sure your résumé only goes back 10-15 years
- Have a fully developed LinkedIn profile that shows you are up to date with current trends
- Modernize your skillset
February 19th – The #NumberOfTheDay is 30
One often overlooked aspect of negotiating compensation for a new job is your vacation time and benefits package.
Job seekers tend to focus exclusively on negotiating a high salary and tend to forget about benefits. According to the Bureau of Labor Statistics, as of June 2020, benefits account for 30% of an employee’s overall compensation package.
The next time you are negotiating for a new job, you may be able to get an additional vacation, additional PTO, flexible scheduling, childcare reimbursement, tuition reimbursement, sign-on bonuses, retention bonuses, and more. Don’t be afraid to ask.