The job market is becoming harsh and companies are benefiting from flexible employment.
The majority of employees are still treating the job market as it was decades ago, when employees found a job, continued in that job until retirement and received a lifetime pension and a gold watch for their loyalty. Those employees are hustling for success, but they're not on the right battle field.
With the job market more unstable as ever, with zero-response job applications I am providing, in this article the key to success in wealth and the job hunt.
Success in Wealth:
Definition of Wealth; Wealth measures the value of all the assets of worth owned by a person, community, company or country. (It is not, necessarily, being extravagantly rich or owning a private jet).
With this definition, we need to understand the basic principle of personal finance: "Spend less than you earn."
Psychologically, Sociologically, we need to overcome this poisonous notion that it is a shame to discuss budgets or money. Then why is it alright to talk about personal relationships? Alcohol? but not, "money?"
Spending is easily controlled, income is not. Set a budget of all your expenses, and variable expenses and add to it a monthly percentage of you salary to tuck away and save.
Once you have saved enough, you can invest in diversified stocks or partner in a "solid" business idea.
Always avoid taking a loan from friends, families, or especially, banks.
Successful Job Hunting:
Companies diversify their sources of talent pools through recruiting sites (usually multiple), referrals, and executive headhunters.
What does this mean for you? You have to diversify your applications across all job sites, you need to customize your resume for each job, and you need to provide "referable/ verifiable" achievements in the resume as well.
"Referrals:" Build your contacts, but with people you actually value, with people you can have a long lasting 'mutually beneficial' relationship with. Set aside ten minutes a day to build a list of potential contacts you want to reach and build a professional relationship with.
Don't have so much pride, that you refuse to ask for a mentor. A mentor is an advocate for your professional success and growth. A mentor does not need to be in the same organization, but they should at least be in a relevant industry.
We live in a "Freelance Job Market," this means we must have a side game running at all times. One job is for your career, and the other must be a combination of: something you love and a second source of cash.
"If you're the best at something, don't do it for free." You can charge people monetarily, or as a favor, but make the terms of payment clear regardless, before starting.
Lastly, we should all, always give back: To the community, to our family, to our close friends, to our kids and to our environment. The long term game plan for everyone, should be to leave this world better, than when we came here.
Best of luck to all you struggling for stability and career growth. It is not easy, but nothing great is. Persistence and patience is key.
Check out our Job Seekers course on Udemy.