PEOPLE: The Alphabet Company offers insight into those facing employment challenges in 2024
AGN.News Team
January 5, 2024
WASHINGTON (AGN.News) – January 2024 has brought good news for some and not so good news for others. Several states have raised the minimum wage for many workers. This will allow many to help pay their rising cost of living.
For others the new year means unemployment. Some states are experiencing store and factory closures. That means loss of income for many families and the need to search for a new job.
There is good news in the job market
Even though many have lost their jobs in some industries other businesses are searching for new-hires. Notice the following statistics from the federal government’s Bureau of Labor Statistics (BLS) in its Employment Situation Summary for December 2023:
“The unemployment rate held at 3.7 percent in December 2023, and the number of unemployed persons was essentially unchanged at 6.3 million. These measures are higher than a year earlier, when the jobless rate was 3.5 percent, and the number of unemployed persons was 5.7 million.”
“Among the major worker groups, the unemployment rates for adult men (3.5 percent), adult women (3.3 percent), teenagers (11.9 percent), Whites (3.5 percent), Blacks (5.2 percent), Asians (3.1 percent), and Hispanics (5.0 percent) showed little change in December 2023.”
What to do when faced with job loss
The fear of losing a job is overwhelming every wise person. But the actual event is no tragedy, no matter how big a loss it maybe.
All the professional psychologist’s advice is for people in this position not to fall into the state of constant depression, but to work their way out of this dreadful situation. Everything depends on the level of motivation.
There are two possible options for people that changed their status to unemployed: either to continue searching for another job in the sphere of prior employment or seek a long shot in the fields that are unknown.
Navigating the search for a new job
If you feel like you want to be involved in the same sphere you started in the simplest decision would be to call the competitors. Do not follow the standard procedure and submit your resume to the personnel department, but contact the hiring authority directly, offering your services in a very polite manner. All a good boss has to know about a future employee is their professional experience.
Tell him/her about your professional experience, education, personal traits and features that will help an employee to develop and professionally grow making a contribution to the company.
Be sure to stay business like and try to inform the future employer only about what he/she has to know, any previous failure of yours can be used as an argument to lower your cost at the job market. So avoid mentioning any past failures of yours.
Securing a new job has advantages
According to the statistics, those who change their places of employment have more chances to be promoted than those who work there all their lives. The results of the research show that those who change work have more chances to be promoted than those who work in one company all their lives.
Look for a place in spheres you feel comfortable with. If you get stressed out because of the constant strain and noise in a large company, look for a place in smaller ones. Another statistic shows that employees of the smaller, but fast-growing companies get to the top of a career ladder faster than those who get lost among thousands of employees in a big company.
Other available options for finding a job
If none of the mentioned above options work for you, start looking for a part time job. You have to realize that proposals will not be piling up in front of your door; you have to hunt for them. There is nothing more important than an ability to cover the bills. In this case all the possible variants are acceptable.
You can get a part-time job of a freelancer or get employed by a company in terms of a contract. This is a convenient way for big companies to control the process. The employer is responsible for the project and works on it from the beginning to the state of completion. This way you will have time to find a good full-time job.
Part-time job gives you an opportunity to cover your bills. In this case it doesn’t really matter if the job you are going to take part-time participation at is related to the field where you have previously worked. Be sure not to include this employment in your resume unless it really contributes to your list of skills.
The Alphabet Company offers other options that are available for those who would like to know about startup resources that could help with creating a side hustle.
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