Is Now The Right Time To Quit Your Job?

Is Now The Right Time To Quit Your Job?

Change is coming and the big shift is right around the corner. With the gravity of the ongoing pandemic, it would make sense for individuals to seek the safer option when it comes to their career — which is to stick with the job they already have. However, people have used this time to reflect on their life priorities and their career. Many have decided that they need to make a career change. This fluctuation has been dubbed “The Big Shift” and “The Big Resignation.” 

During this trend, people are overwhelmingly shifting careers, either from being laid off or choosing to explore a new job. According to Microsoft, more than 40% of the global workforce is considering leaving their current jobs this year. The main motivation includes pandemic-induced burnout and the erosion of work-life balance. Higher salaries, a different role or field, and higher fulfillment of personal life ambitions are primary goals for job changes. 

Should I Quit My Job? 

Keeping your mind open to other job opportunities can help you navigate what you actually want out of your career path. There are times when you may be leaning more on quitting your job, but, instead, it could lead to other changes within your current place of work. This might lead to a new position or an increase in responsibilities.

Ask yourself how you are feeling about your current position. Does your work feel repetitive? Do you feel like you are stuck in your current position, with little chance for advancement? Does your current job match your life priorities? Is your employer’s culture consistent with your values? Quitting your job is a big decision and reflecting on your ambitions could help you have a deeper understanding on what you truly want out of a role. 

What Should I Do If I Decided To Quit?

The worst thing you could do is to burn bridges. When leaving your job, you want to leave a positive impression on your boss and co-workers. Your last actions will often be the most remembered ones, so take care you don’t ruin your reputation at the end. 

You’ll want to maintain good interpersonal relationships with executives and coworkers, because you never know what could happen in your future.Greener pastures might not be as wonderful as you anticipated, so it’s important to keep your options open. You may be in need of a quick return or future recommendation from a colleague at your current location. 

Recruiters and employers often call previous supervisors when evaluating a potential hire. You wouldn’t want a bad few weeks to ruin a future opportunity.

How Should I Tell My Boss?

Aside from the expected two weeks’ notice, your boss should be the first person you inform about your resignation. Schedule a face-to-face meeting and ask what tasks need to be accomplished before you leave. This allows for a smooth transition for your team, which helps you to leave with a good last impression. 

Any feedback you provide in your exit interview should be constructive. An exit interview is not the time to air grievances. Your last day is not the moment to tell your boss how you really feel about them. Be honest about your reasons for leaving, but you don’t need to go into too much detail at the sake of risking relationships.

How About My Co-Workers? 

Word of your resignation will most likely spread around to colleagues. Make sure to tell your closest coworkers first — such as your direct reports and department teammates. Express your gratitude toward them and how they have provided a positive work experience. 

It’s in poor taste to badmouth the company to your colleagues, since you’ll want to be remembered in a good light. Show your support towards them and exchange contact information to keep in touch in the future. 

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In The Office, Remote, Or Third Workplace?

During the pandemic, employees were able to get a taste of working from home with having the flexibility to work from anywhere. Over time and with the development of remote work, employees are slowly shifting towards a new way of working as they look for a new location to get their work done; and that is what has been called “third workplaces.”

What Is The Third Workplace?

As business shift from remote work back to in-person work, there has been a rise in popularity of the third workplaces. And no, this is not in someone’s home or the employee lounge. Third workplace refers to employees working from hotels, coffee shops, or co-workspaces supplemented with working at the office. 

Third workplaces are not a new practice and have only risen in popularity as people see the benefit of having a work-life balance and being able to work in a comfortable environment. With the practice being widely accepted, it wouldn’t be a surprise if big and small businesses implement third workplaces to their job structure.

Approximately 65% of small and big businesses want to develop a hybrid work policy after the pandemic. Providing an option of employees being able to work at third workplaces will allow them to increase productivity, improve company morale, and boost employee satisfaction.

According to a survey, “77% of remote workers stated that they’re more productive when working from home.” The numbers don’t lie. Companies that allow remote work see “an average increase of $2,000 in profit per remote worker.”

Remove Distractions With The Third Workplace

Working from home comes with several distractions, such as parents having to take care of their children or being distracted with household chores. Offices also have several factors that could affect productivity, including other employees, business environment, or noise levels. This is why so many businesses are leaning towards incorporating third workplaces. According to a hybrid-work research, once the “majority of large companies are hybrid-focused, these third workplaces are going to be a huge part of work.”

Establishing a well-structured third workplace gives an employee the opportunity to work in their desired workplace, eliminates distractions, and also increases productivity. 

Third Workplace Bottom Line

Businesses are taking advantage of the increase of third workplaces by creating a new market where they provide a workspace in exchange for a small fee. Hotels are adding remote facilities to their locations. Different start-ups are emerging where employees are able to rent spaces for the day. Even restaurants are opening their dining areas for people to rent a table to work. A restaurant in New York is capitalizing in this new market by offering their dining space during off hours to gain some extra cash. For $25, employees are able to sit in, get free coffee and water, and use high-speed internet.

Catalyst Career Group can identify the best customer service and sales talent for your fast-hire positions. Qualified candidates can be screened and presented for you to interview based on your unique hiring needs.

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What top talent is looking for in their post-pandemic careers.

Today’s Covid environment has made top talent reassess their job needs and goals. With so many requirements and environmental changes taking place over the past year, many have adapted to working from home and have new expectations for how work looks in 2021 and beyond.

Here are some of the top requirements job seekers are looking for in their 2021 careers.

The Number One Priority Has Changed For Job Seekers For 2021

Today’s top talent is ranking the safety of their families as their number one priority for the job they accept. Prior to 2020, they used to rank financial providing for families as number one.

This is no surprise as we see how the pandemic has brought families closer to home, focused on health, and debating what safe measures they can make to protect those they love.

If you are looking to attract the top talent right now for your open position, health and safety must be first and foremost in your discussion and job listing. Does your website’s employer page discuss how you are keeping your employees safe? Have you outlined your health guidelines for all team members to follow? Stating information like this for your candidates to view during their research will help you move to the top of their career consideration.

Increased Hiring For Top Industries

There’s a big surge for top talent in certain industries during this post-pandemic period. Health education, public health, industrial, retail, and technology are all seeing a massive jump in demand and there aren’t enough qualified candidates for the jobs.

Top candidates in these areas are deciding carefully which companies they want to partner with. Some of the main requests in the post-pandemic 2021 career include remote work, babysitting care for children, flexible hours, and a competitive salary.

With more than 68% of workforce managers stating they will be likely to hire over the next few months [Source: Staffing Industry Analyst], now is the time to look at what factors you can build into your job packages to attract your ideal candidate.

Fast Movement Towards Hiring & Onboarding

There are big changes happening in many industries right now. With that comes the need to fill positions now. The need to connect with more candidates than ever is crucial for finding the right talent. With so much virtual interaction, companies are seeing how necessary it is to expand their demographic pool and invite a wider set of candidates into the interview process.

Top candidates are also on the look out for better opportunities if they are not in an ideal situation for their future career. They’re looking to leverage their current work experience for a better and healthier position right now. If the right offer comes along, they’re looking to move fast and aren’t afraid to cut ties with old toxic work environments.

“The ability to move quickly from sourcing, to resume selections, to phone screen, and multiple rounds of virtual interviews means there needs to be more candidates coming into the top of the funnel, and at a high quality.” Says Jeff Naugle, Catalyst Career Group, Co-Founder.

Ultimately, these 2021 job seeker trends are pushing hiring companies to be as efficient as they can. Leveraging technology and sourcing a wider range of talent into their interviewing pool is key to successful job fulfillment. It also means companies need to have a consistent and trustworthy process for sourcing top candidates.

That’s where Catalyst Career Group virtual job fairs, virtual private hiring events, and make-your-own virtual events make the difference! Our 12+ years of recruitment experience means we know how to find the best group of candidates for your exact position. We can also deliver them pre-screened to your private event to take the stress out of filling your specific need. Schedule a 20 minute phone call with Catalyst Career Group to discuss which virtual job sourcing option is best for your environment!

Catalyst Career Group provides Diversity Job Fairs and Diversity Private Hiring Events that take the guess work out of candidate sourcing and hiring. Contact us today to discuss your diversity initiatives and how we can help you go farther in your inclusion practices!

WE HELP EMPLOYERS CUSTOMIZE THEIR JOB FAIR OPPORTUNITIES!

At a Catalyst Career Group Job Fairs, quality and value come together to help employers find the right hires and fill open positions fast!

We work hard to provide a comfortable and professional environment for you to meet with prospective candidates. You will find that the candidates that attend our Job Fairs are dressed professionally, have their resumes ready, and are ready to put passion into working for your company.

No other Job Fair company gives you more for your investment.

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Benefits of Diversity Hiring

As one of the biggest topics in today’s business environment, hiring for diversity claims an impressive role in a workplace’s performance. Not just for political correctness, focusing on diversity hiring gives team members, managers, and customer an elevated ROI. As you are looking forward to your hiring this 2021, these statistics show the benefit of adding new skills and experiences to your organization.

Diversity hiring has been shown to encourage new concepts and ideas when looking at systems, processes, and products.

There’s a certain competitive advantage that businesses obtain when they hire new and various backgrounds of individuals. With different ethnicities and experiences comes creative ways to view problems and methods. You’ll see an increase in output and planning when diversity hiring is purposely incorporated in your candidate pool. The Boston Consulting Group actually show that businesses with diversity hiring in management saw a 19% higher revenue from innovation than other businesses with lower diversity.

Businesses that welcome diversity hiring actually see lower turnover.

More 30 year olds are taking on a greater number of jobs in the markets than ever before. If you are looking to increase your retention rate with this growing demographic of career-minded professionals, you’ll want to consider how diversity impacts their decision making. In a Deloitte study, individuals in this age group remain with companies that encourage diversity hiring. It impacts their decision making when looking for a job move and when partnering long-term for a career.

Diversity hiring has been shown to increase profitability.

A 2018 Harvard Business Review article actually found an amazing statistic when looking at certain venture capitalists. Fund returns and investments profited from diversity hiring. When different ethnic backgrounds teamed up for their business goals there was an astonishing 26.4 – 32.2% greater success rate than others of an all-the-same ethnicity.

Reports like this affirm that diversity has a major influence on financial performance, investing interest, and pool of clientele. Diversity hiring and business profitability are related. A diverse company is where CEOs, Hiring Managers, and Human Resources place value on attracting new candidates with various backgrounds and ethnicities.

A powerful diversity focus will advance innovation, lower turnover, and increase your profits. Interested in increasing your diversity hiring? Catalyst Career Group has over a decade of experience recruiting and managing Diversity Job Fairs. We’ll help you meet top candidates in your area interested in growing their career. Our national Diversity Job Fairs are perfect for quick turn around hires, hard to hire positions, and specific expertise qualities.

Contact Catalyst Career Group for virtual job fairs and private hiring events.

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July Hiring Trends & Market Indicators

Wondering what the hiring trends looks like from countries that have already begun their recovery as this first phase of the pandemic moves along? According to LinkedIn’s data on job postings, China’s job data is currently trending upward. This is a great indicator of where other countries, including the U.S. will be at the same place in a few weeks/months as we follow a similar arch.
China’s hiring rate reached 13.4% increased growth year-over-year as of June 5 of this year. This upward trend can be a positive sign for various other markets.
The data indicate that hiring trends begins to grow gradually starting 4-6 weeks after the lockdowns relax. We will still need more info to see if this trend will hold in other locations as public health policy varies from state to state. Also, with most international travel paused, there will be longer impacts on the world economy, but that also means local businesses will see opportunities and higher in demand for their services.

Latest July Hiring Trends Revealed

According to the recent release of July hiring trends, the U.S. is currently seeing an uptick in hiring. We are currently at equivalent employment numbers to 2014 and 2015. This is quite astonishing considering the sharp decline just a few months earlier.
According to BLS.gov, some hiring trends to note include Leisure/Hospitality (+2.09m), Retail Trade (+740k), Education/Health Services (+568k), Manufacturing (+356k), and Business Services (+306k).

Businesses Prepare For Second Time Round

One thing this report does not show is the more recent spike in cases. With many states rolling back reopenings, we are seeing businesses once again impacted. This time though, businesses, employees, and consumers don’t have the same level of panic as previously seen in the first sweep of closures. Positive Trends In The Market, Giving Us A Stronger Position Going Forward:
  • Logistics and supply have developed faster ways to meet demand by prioritizing supply.
  • Businesses became equipped and implemented policies for customer and employee safety.
  • Consumer needs have grown into buying trends and businesses are responding quickly to bring solutions to market.
How has your business been preparing for the upcoming next few months? With new policies in place, do you feel you are ready for a second round of pandemic closures? Contact Catalyst Career Group for virtual job fairs and private hiring events.