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Brewing worker resentment could fuel a 2025 quitting spree
  + stars: | 2024-11-20 | by ( Jennifer Liu | ) www.cnbc.com   time to read: +2 min
The job market could be poised for a fresh wave of people quitting, according to a new Glassdoor report. Employees' satisfaction in their career opportunities has been on the decline since 2022 after people settled into new roles following the post-pandemic hiring boom known as the Great Resignation. "People don't feel like the job market is working for them right now, even if you hear economists and policymakers talk about how strong and resilient the job market is," Glassdoor senior economist Daniel Zhao tells CNBC Make It. "The desire [to quit] is there, but the opportunities aren't," Zhao says. For example, some sectors, like housing, real estate and tech, could be buoyed by the Federal Reserve's interest rate cuts, Zhao says.
Persons: Daniel Zhao, Zhao, Terry Petzold, Donald Trump Organizations: CNBC, Fox Search, White
Stross is the president and co-founder of Greenhouse, the hiring platform, and has seen a lot of tech and AI advancements in hiring since his business launched in 2012. And so you feel pressure that if you're not applying to tons of jobs, you're falling behind." New tech can enable bad hiring practicesAnother issue is that businesses are leveraging hiring tech to post more job openings, even if they're not for roles they're actively hiring for. Another strategy: Reach out to first- or second-degree LinkedIn connections at companies you're actively applying to. Hiring tech can limit bad actors and highlight positive experiences
Persons: Jon Stross, he's, isn't, Stross, Greenhouse, they're Organizations: Greenhouse, CNBC
Steven Guo launched his first business when he was 12 — "basically by accident," he says. In 2022, Guo sold one of his first businesses, a jewelry brand that brought in over $2 million in revenue within a year. The 24-year-old now owns and runs several e-commerce ventures set to bring in a combined $1.7 million this year. "By combining these two interests and making a really unique car cover, we can appeal to a much more passionate audience." "One thing that I wish I knew earlier about running a business is that the product isn't necessarily everything," he says.
Persons: Steven Guo, Guo, he's, Steven Guo Another, merch, It's Organizations: University of California Locations: Irvine
The U.S. is one of few developed nations without federal laws that provide workers paid time off, and just over a dozen states have their own laws to offer paid sick leave. But last week, Americans in more states – Alaska, Missouri and Nebraska – voted to pass new ballot measures that will bring paid sick leave requirements to their workplaces in 2025. Prior to the November election, 15 states and Washington, D.C., had their own paid sick leave laws, as do a number of cities and localities across the country. MarylandWorkers at businesses with 15 or more employees accrue one hour of paid sick leave for every 30 hours worked. Rhode IslandFull-time workers at businesses with 18 or more employees get up to 40 hours of paid sick leave per year.
Persons: Nebraska – Organizations: D.C, Bureau of Labor Statistics, Center for American, Arizona, California Workers, Colorado Workers, Connecticut Workers, Maryland Workers, Massachusetts Workers, Michigan Workers, Minnesota Workers, Nebraska, New Jersey Workers, New, New Mexico Workers, New York Workers, Workers, Oregon Workers, Vermont Workers, Washington Workers Locations: Alaska , Missouri, Nebraska, Washington, Alaska, California, Massachusetts, Missouri, New Mexico, Portland, Rhode
Jasmine Escalera has seen her fair share of career advice, both good and bad, on social media over the years. But one thing she says platforms like TikTok do well is sharing videos and tips of how to network effectively. "Focus on the advice that's more about how to build a professional network that's healthy and supportive," she says. Try asking, "Do you have any information and advice on the salary range you normally see in X position?" Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.
Persons: Jasmine Escalera, Escalera, aren't Organizations: CNBC Locations: Miami
As a career coach of 15 years, Jasmine Escalera scrolls through career-advice TikTok just like the rest of us, but with a bit more of a discerning eye about some of the messages out there. Escalera, a Miami-based expert with Zety who helps professionals find new jobs, says one trend in particular could be particularly damaging: white-fonting on your resume. The idea is that by including all the keywords from the job description on your document, it will be scanned by an artificial intelligence screener, represent a strong match and move you into the next round for interviews. "It's causing professionals to do something that can be really detrimental to their professional reputation," she says. "If somehow a hiring team picks it up, now your professional reputation, your qualifications, the work that you've been able to do, your entire job application, is called into question."
Persons: Jasmine Escalera, Zety, Escalera, you've Organizations: ATS, CNBC Locations: Miami
Tens of thousands of Americans are looking into moving abroad after Donald Trump's presidential reelection. In the hours following the presidential race being called for the Republican nominee, nearly 30,000 people and counting visited the website for Expatsi, a travel company that offers scouting trips to help Americans move abroad. 'The exit is real'LaVerne Collins, 65, was visiting Portugal on a scouting trip with Expatsi when she learned of the presidential election results. "As an African American woman, my concerns about government stability and safety is heightened," she tells CNBC Make It. "I recognized that depending on how this election would go, things could become even more unstable."
Persons: Donald Trump's, We're, Jen Barnett, We've, LaVerne Collins, Kamala Harris, Collins, Trump, she's Organizations: Republican, Expatsi, CNBC Locations: Portugal, Greensboro , North Carolina, Costa Rica, African American
It all started with a summer project when he was 12 and "super into the game Minecraft," Guo tells CNBC Make It. He recently moved from Southern California to Bali, Indonesia, where he splits a villa with friends and spends his free time surfing. The expense is well worth it for high-quality food, Guo says: "One of the best parts about Bali is how clean and healthy the food is. "Most of my expenses go towards food, but if I do spend money, it's typically towards gifts for family or my girlfriend." As far as what he doesn't spend on, "I absolutely refuse to spend money on things that depreciate in value," like luxury goods, Guo says.
Persons: Steven Guo's, Guo, Steven Guo, Roth, frugally, China who's, We're Organizations: CNBC, University of California, Amazon Prime, YouTube, Transportation Locations: Southern California, Bali, Ruda Putra, Indonesia, Irvine, U.S, Philippines, UK, India, California, Canggu, Portugal, Australia, Hawaii, China, Canada
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI moved to Bali from the U.S.—now I make $254,000 a yearSteven Guo, 24, relocated to Bali, Indonesia, from Southern California in 2024. He currently makes $254,000 a year running multiple e-commerce businesses that are on track to bring in a combined $1.7 million this year. 06:58 an hour ago
Persons: , Steven Guo Locations: Bali, Indonesia, Southern California
Here, Feinberg shares the biggest mistakes he often sees people make with their health coverage during open enrollment, and how to avoid them. Waiting until the last minuteThe worst thing you can do during open enrollment season is procrastinate on researching your options, Feinberg says. Your open enrollment period will depend on where you get your health coverage. Instead, it's important to think through your specific health needs and the needs of any dependents or partners on your plan. Paired with a health savings account, or HSA, the option can provide some of the most flexibility in health insurance coverage, he adds.
Persons: they've, David Feinberg, Feinberg, that's, That's Organizations: Justworks, Medicare Locations: millennials, Justworks, Jan, New York City
Hannah Chea (center) is considering turning her side gig of shucking oysters for parties into her full-time gig after being laid off from her tech job. These days, you can find her shucking oysters for partygoers at lavish events and entertaining them with fun facts about the chilled mollusks. "I think it's crazy to say I only do oyster shucking — in heels. I really wanted break the monotony of my remote tech job [and] just staring at a computer all day." 'I'm not in a rush to find a new tech job'
Persons: Hannah Chea, Chea, she's Organizations: Paramount, CNBC, Super Bowl Locations: San Francisco, U.S, Las Vegas, Bay
I do think that seeing a woman on the ballot will, hopefully, encourage more women to vote, even if they don't vote for Harris. At the time, I thought it was going to be a landslide, like 'We're about to have our first woman president.' I don't think everybody in the U.S. will ever be ready for a woman president, but I don't think everybody in the U.S. was ready for a Black president either. Even if Kamala wins, I don't think everybody in the U.S. is ready for a woman president, just like they weren't ready for a Black president. I think Harris is just bringing a lot of new people into the process who haven't necessarily felt included before.
Persons: Kamala Harris, Hillary Clinton, Harris, Donald Trump, Here's, Sallie Krawcheck, Lauren Simmons, Bushra, Emma Bogdan, Hillary, haven't, It's, that's, Annie Lazan, Clinton, I'm, she's, Bushra Amiwala, they're, We're, Van Dyke, Sess Lee, Nikki Haley, Signe Espinoza, Brianna Doe, Sami Sage, they've, We've, Kamala, She's, Ariel Washington, Nadia Rahman, San Francisco I, Jill Homan, Schwager, Meghan O'Connor, Kansas City , Missouri I've, there's, Trump, That's, Jennifer Ashton, I've, Roe, Wade, what's Organizations: Democratic, Trump, The New York Times, Siena, CNBC, Republicans, Independents, Clinton, Marist College, Skokie School, of Education, Republican, Democrat, Betches Media, U.S, Biden, ABC News Locations: Poughkeepsie , New York, U.S, Franklin Lakes , New Jersey, Skokie, Chicago , Illinois, Israel, Palestine, Overland Park , Kansas, Los Angeles, Conshohocken , Pennsylvania, Phoenix One, New York City, Arlington , Texas, Lincoln , Nebraska, San Francisco, Gaza, American, Pakistani American, St, Louis , Missouri, America, Kansas City , Missouri, Archer Lodge, North Carolina, Trump
That's when it helps to look to how seasoned executives negotiate, says Tessa White, a career coach with 20 years of HR experience and founder of The Job Doctor. Say you ultimately want a $60,000 base salary with a 20% annual bonus, but the company makes an offer of $60,000 with a 10% bonus. Remember that "the hardest thing for the company to do is give you money upfront in base pay," White says. But they may be able to negotiate for one-time pay, something that's a delayed cost, or non-salary perks like adjusting your job title or figuring out a flexible-work agreement. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.
Persons: Tessa White, White Organizations: CNBC
Tickets for the 2024 World Series between the New York Yankees and Los Angeles Dodgers are among the most expensive in Major League Baseball history – and fans are willing to pay up. Leading up to Game 1 in Los Angeles, the average price for a World Series ticket in the secondary market was $3,887, according to ticket reseller TicketIQ. This year's tournament is on track to be the best-selling World Series in history, StubHub reports. 'Whatever the going rate for my kidney, it's going on the table'LA resident Lisa Altuve, 27, said she's been excitedly waiting to see the Dodgers play in the World Series. "The last time these two teams played in the World Series was the year that I was born, 1981," Posadas added.
Persons: Freddie Freeman, Lisa Altuve, she's, Fernando Valenzuela, Josh Trujillo, Calvin Stovall, Stovall, Riley Reese, Chris Garcia, Del, Garcia, Posadas Organizations: Los Angeles Dodgers, Capital, New York Yankees, Dodger, Major League Baseball, CNBC, Dodgers, Yankees Locations: Los Angeles , California, Los Angeles, New York, Mexican, LA, Florida, Del Posadas
Though the job was remote, she was asked to commute an hour into the office for her first week of onboarding. Why companies bait-and-switch job candidatesExperiencing a bait-and-switch during job interviews is a frustrating candidate experience and highlights one of the many breakdowns in today's hiring process, says Jon Stross, president and co-founder of Greenhouse. For the most part, these experiences say more about the hiring team than you as a candidate, he says. How to confront a bait-and-switch job interviewAs far as confronting the experience as a job candidate, Stross says your best defense is to ask plenty of questions throughout the hiring process. "This is not a normal red flag — this is a flaming red flag."
Persons: Alexis Byrd, Byrd, , I'd, it's, Jon Stross, Stross, It's, Pynes, Weston Davis, Davis, I'm Organizations: CNBC, Greenhouse, Fox Rothschild LLP, Dell, Walmart Locations: Detroit, U.S, Los Angeles, San Francisco
Workers have been losing leverage in a challenging job market over the last year, but the slide could be hitting a rebound point, according to new data. Other indicators of workers' bargaining power, like being recruited into their role, negotiating their offer and receiving a signing bonus also fell slightly in the last quarter. But the small dips could indicate that workers' struggles are reaching a plateau, says Julia Pollak, chief economist at ZipRecruiter. Overall, the share of workers who describe their recent job search as "poor" reached a record high of 10%. As of mid-2024, 24% of recent hires said their new job was their dream job, a sharp fall from 42% of job-switchers who felt that way a year ago.
Persons: Julia Pollak, Pollak, it's, switchers Organizations: CNBC, Federal Reserve Locations: ZipRecruiter .
A lot of people expect to negotiate the salary of a new job offer, and there are plenty of other benefits on the table too. Doing so helped Tessa White, a career coach with 20 years of HR experience and founder of The Job Doctor, weather a layoff earlier in her career. "The smartest thing I ever did was, I pre-negotiated my severance agreement," White tells CNBC Make It. "When they love you at the company" and want to hire you "is the time to negotiate your severance," she says. What you can negotiate in a severance agreement
Persons: Tessa White, White, I'm, she'd, I've, they've Organizations: CNBC, UnitedHealth Group
Nearly anyone looking for a job today can tell you that sifting through online job postings is a nightmare. When Natasha Badger, 25, was last on the job market, she tried a different strategy on LinkedIn and landed final-round interviews with three companies in the span of weeks. Badger, a digital marketer and career-content creator, quit her job with LinkedIn in September 2022 and went the typical route of applying to new ones on online job boards. Badger tried this with three companies — a big financial institution, an agency and a startup — and made it into the hiring process every time. "It really was so effective," Badger says of the LinkedIn strategy, "and I was like, 'How is this not something people are doing?'"
Persons: Natasha Badger, Badger, I'm, she'd Organizations: LinkedIn, Badger, CNBC, Akkio Locations: New York, U.S
An abandoned baseball stadium is now a $14 million luxury apartment complexThe Stadium Lofts has 138 units and Stadium Flats, the four-building complex next door, has 144. "We designed it such that when you walked in, you felt like you were walking into a historic stadium rather than an apartment building," Watson said. They turned an old school into a 31-unit apartment building"Bowtie High" was converted into a 31-unit apartment building. After enlisting real estate investor Adam Colucci and developer Dan Spanovich, the trio bought the abandoned Bowtie High for $100,000. They embarked on an 18-month renovation beginning in 2020 to turn it into an apartment building.
Persons: Michael Potter, Michael Cox, John Watson, Cox, Watson, Alexis Zakis Jesse Wig, Adam Colucci, Dan Spanovich, Katie Tarasov, Joe Sobczak, Sobczak, Peter Bittner, Sheila Consaul's, Consaul, Rubia Daniels Organizations: CNBC, Indianapolis Indians, Sobczak, San Francisco International Airport, San Carlos Airport, SFO, U.S . Air Force, Historic Lighthouse, Washington D.C Locations: Indianapolis, Tuolumne County, Bay, Yosemite, Fairport, Ohio, Lake Erie, Washington, Headlands Beach, Italy
Today's job market seems to be taking a turn for the better, but it's still not as strong for candidates as it has been in recent years. But it's not impossible, says Tessa White, a career coach with 20 years of HR experience and founder of The Job Doctor. Negotiating a job offer successfully comes down to one thing, she says: Job-seekers "better be crystal clear on their value proposition." But this can limit your value proposition and later negotiations because "your leverage is in your outcomes," White says. Tessa White HR expert
Persons: it's, Tessa White, White
There are few things as stressful — and consequential to your future earnings — as negotiating the salary of a new job. Even fewer people, then, may think about negotiating aspects of a compensation package beyond the base salary on offer. Here are the best things to negotiate in a job offer, beyond salary, for an easier "yes" from HR. "If you can negotiate a higher title now, then when you leave, it's worth more on the job market — your resume is worth more," she says. What is the job title above this, and what's required for that?"
Persons: We're, Tessa White, White, you'll, I'm, she's
Holly Taylor estimates she's interviewed hundreds of people in her decade-long career in the HR space. The head of people at Public Digital, a London-based consultancy, says she tries to be innovative and equitable in the hiring process, such as recently sending interview questions to job candidates in advance. But one question is her favorite to ask in interviews, even though "it stumped me so much" when she first heard it seven years ago: What is the most valuable piece of feedback that you have received in your career? They explain "this was the feedback, this is how I approached it, this is how I changed, and this is the impact of having that feedback," Taylor says. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.
Persons: Holly Taylor, she's, Taylor Organizations: Public, CNBC Locations: London
It's no secret the labor market is pretty brutal for a lot of job-seekers today, and the contentious election cycle could be making it worse. Online, candidates say they're sending out applications en masse without much luck. Meanwhile, businesses are slowing their hiring initiatives as they brace for uncertainty around the results of the November presidential elections, according to hiring experts. Businesses may be even more cautious than ever given "the change of of primary candidates at the 11th hour" that could be "making companies more hesitant to know what's coming ahead of time." This could disproportionately impact hiring at companies that do business internationally, Boggs says, as well as the search for senior leadership candidates.
Persons: Kamala Harris, Donald Trump, Debra Boggs, who's, Boggs Organizations: Labor Department, U.S, Management
People want to work for a good boss just as much as they want to earn a good salary. That's why it's crucial to look for signs of a supportive manager, or a "green flag boss" as Weishaupt puts it, when you're interviewing for a new job. The one big thing I say to my team is, 'There's no mistake you can make that I can't fix.' On the other hand, if the manager responds that "people follow my lead or do what I say," Vyas says, "those are red flags." Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.
Persons: don't, , Frank Weishaupt, Deepali Vyas, Vyas, We're, aren't Organizations: Owl Labs, CNBC
Contrary to how most hiring managers operate, Taylor sent job candidates the interview questions in advance. While hiring for a new leader, she wanted to try an unusual strategy she felt would foster a more equitable interview process. From her perspective, "people that can think on their feet, it doesn't mean they're really good at their job," Taylor says. Case in point, Taylor asked each job candidate what they thought of her sending the interview questions in advance. People that can think on their feet, it doesn't mean they're really good at their job.
Persons: Holly Taylor, Taylor, they'd, they've, didn't Organizations: Public, CNBC Locations: London
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