The markets are changing, and at times, those shifts can seem rapid. The Great Resignation has been strong in the US, and, for the most part, it has rewarded job hoppers (those who “move out in order to move up”) over job stayers. But how much momentum is left in The Big Quit? Major companies have announced either layoffs or hiring freezes, and terms like “recession” and “bear market” are being whispered more often.
So now employees face an important question: should I leap one more time, or should I stay?
Sara Causey, a Staffing & Recruiting SME and the owner of Causey Consulting LLC, offers her perspective:
“This is a decision each person must make for themselves. We know that markets fluctuate, and there’s no single right or wrong answer. There are a few basic suggestions I would make:
Consider the environment you’re in now. Is it healthy? Do you feel valued? Does your job feel stable? Do you see a future there? Are you paid well?
Be realistic about making a move. There can sometimes be a fine line between truly needing to make a job change versus getting FOMO and only seeing a possible pay increase. Be honest with yourself about your goals.
Weigh the pros and cons. In many layoff situations, the last one hired is the first one to receive a pink slip. This is not always the case, to be clear, but it does happen. So another factor to consider is the value of your tenure at your current job.
Always do your research! Do your own due diligence, and don’t get happy ears about a large paycheck or corporate perks. Take a look at the company’s reputation as well as its financial profile (if that information is publicly available). Did they recently have a layoff? Is their stock price going down? Are employees leaving terrible reviews online? Talented recruiters can be like talented salespeople – part of their job is to sell you on working at their company. So be sure you do your own independent research.
I would also suggest that you talk with a professional financial planner or financial advisor if you have concerns about your own financial profile and what you might need to do to prepare if the economy goes into recession. Knowledge truly is power.”
For more HR insights, you can visit Sara at causeyconsultingllc.com.
