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This 34-year-old increased her salary by $194,000 after quitting jobs 6 times: Top 7 negotiation tips
Long before the Great Resignation drove record numbers of American workers to quit their jobs in the wake of the pandemic, quitting had been a key part of my career growth and wealth-building strategy. I started my first full-time job in 2010, at age 22. Since then, I’ve quit jobs six times — increasing my salary by nearly $194,000, and by an average of 39% each time I left for a new opportunity. I went from making $31,200 per year in 2010 to $225,000 per year in 2020. And that’s just the base salary; when you factor in the signing bonuses I negotiated, I added an additional $160,000 to my…
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People quitting jobs in droves : Planet Money : NPR
Goodbye. Farewell. Adios. Sayonara. Workers have been giving their bosses an earful of such words as of late. Last week, the U.S. Bureau of Labor Statistics announced that 4.3 million Americans, or 2.9% of the entire workforce, quit their jobs in August. That was a record-breaking month, piggybacking on previous record months. “The Great Resignation” is real, and it can be seen across virtually all industries. It’s common to see a surge in quitting when the job market is tight and there’s a cornucopia of open positions. But what’s happening now is unlike anything we’ve seen before. Economists and pollsters are still investigating what’s going on. Are generous government benefits…
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Why does quitting your job still feel so hard?
As soon as gyms in the UK went into lockdown in 2020, personal trainer James Jackson quit his job. “I just knew that I had to transition to an online way of working,” says Jackson, 33, from Manchester. “The gym is a busy place, and I couldn’t imagine it being as popular again. I felt that If I hung around too long, I’d miss out on a good opportunity.” But making the decision to leave was difficult. Jackson had spent eight years building a thriving career and a loyal client base. “It was terrifying to quit,” he says. “Being a personal trainer was all I knew.” He also found other…
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Upwards of 40% of workers are thinking about quitting their jobs
Companies that made it through the pandemic in one piece now have a major new problem: more than a quarter of their employees may leave. What’s happening: Workers have had more than a year to reconsider work-life balance or career paths, and as the world opens back up, many of them will give their two weeks’ notice and make those changes they’ve been dreaming about. “The great resignation” is what economists are dubbing it. Surveys show anywhere from 25% to upwards of 40% of workers are thinking about quitting their jobs. “I don’t envy the challenge that human resources faces right now,” says Anthony Klotz, an associate professor of management…
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Burned out millennials quitting their jobs eye ‘private money flowing around’
The New York Times Biden’s Proposals Aim to Give Sturdier Support to the Middle Class Perhaps the most striking difference between the middle class of 50 years ago and the middle class today is a loss of confidence — the confidence that you were doing better than your parents and that your children would do better than you. President Joe Biden’s multitrillion-dollar suite of economic proposals is aiming to both reinforce and rebuild an American middle class that feels it has been standing on shifting ground. And it comes with an explicit message that the private sector alone cannot deliver on that dream and that the government has a central…
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Quitting isn’t your only option.
Few people are as knee-deep in our work-related anxieties and sticky office politics as Alison Green, who has been fielding workplace questions for a decade now on her website Ask a Manager. In Direct Report, she spotlights themes from her inbox that help explain the modern workplace and how we could be navigating it better. I’ve always received a lot of letters from people who hate their jobs and want to leave, but since the pandemic started, a sizable portion of those people feel they have no way out. The job market makes them pessimistic about their chances of landing a new position, and with so many layoffs, they worry that…
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