Is switching jobs the answer to surviving the cost of living crisis?

Is switching jobs the answer to surviving the cost of living crisis? ...

According to statistics from the Bureau of Labor Statistics, inflation levels reached an all-time high in June, and people are buckling down to a financial storm. Is there a simpler way to weather the cost of living crisis?

After all, canceling unused streaming subscriptions and turning off lights can only go so far, which is why many Americans are questioning whether or not they can make more money elsewhere.

The Great Resignation resulted in the most labor-stricken job market the United States has ever seen in many years, and new recruiters are in a better position than ever before, often able to earn up to a 30% wage increase year on year.

In fact, the Federal Reserve Bank of Atlanta recently disclosed that those who moved jobs within the last three months have received a 6.4 percent pay rise month over month compared to the 4.7 percent enjoyed by those who remained stuck. This explains why 60% of American employees are open to changing jobs.

What should employees do then?

Consider the cost of running a business.

Before you take any extreme measures, take a look at your current commute costs and see if a flexible or hybrid approach to your job might affect your bottom line. When working from home, be sure to balance commuting costs against heat and light costs.

Secondly, look into the benefits already included in your compensation package is there a health insurance option or employee assistance program (EAP) you may use to lower health expenses elsewhere? Oftentimes employees are hesitant to access an EAP because they fear their employer will discover personal information, but with 79% of U.S. employees accessing EAPs, this seems like an unnecessary concern.

If you want to hire someone else, approaching your employer and requesting an increase in salary is a very good idea. Make sure that your argument is based on facts and figures such as your achievements to the team, the benefit the company receives from your expertise, the cost of training your replacement, and your market value.

If you prefer the latter, be aware that this is a labor market right now. Companies are reducing costs and pumping those savings into ensuring they recruit the best talent, so be sure to research your skillset and understand what your value is before you apply for a pay raise or look for a new job.

ASML: Automation Engineer

The Role: The Automation Engineer will work as an employee of the ASML EUV source team and will be tasked with delivering innovative industry solutions with rapid productization.

The Responsibilities: This is a hugely collaborative position that will only succeed if you engage cross functional teamwork and mentoring. You will also have responsibility for coordinating the design of the system architecture, supporting program definition, and ensuring that the review and approval of designs remains in line with product and project management.

The Essentials: You will need seven years of experience in a similar role and preferably a PhD in a related discipline. This is in addition to experience in system identification as well as an ability to analyze feedback control systems.

Apply for the Automation Engineer position at ASML, or explore other available positions.

MoneyGram's Senior Software Engineer

The role of the fully-remote Senior Software Engineer is to serve as a technical consultant to MoneyGram, providing assistance and recommendations for all software applications.

Responsibilities: You will be expected to become an active member of the team, providing suggestions and solutions for any difficulties, and being responsible for ensuring project goals are not only accurate, but also aligned with overall development goals.

The Requirements: You will have strong technical knowledge as well as demonstrated leadership and mentoring abilities, as well as practical experience, including ten years working as an IVR application developer and five years working with CTI integration across CRM systems.

Apply for a Senior Software Engineer position at MoneyGram, or look into other vacancies.

Uber's Regional CRM Marketing Manager

The role of the Regional CRM Marketing Manager will be to manage the entire team responsible for developing all strategies and tactics that will drive Ubers partners and users' growth and engagement.

Responsibilities: You will be responsible for constructing structures, processes, and guidance for how the wider company works with delivery and mobility operations, regional marketing teams, and the product marketing function.

The Requirements: The role requires seven years of CRM experience and two years of experience managing a CRM team. A candidate with experience in data-driven digital marketing is preferred.

Apply for the role of Manager Regional CRM Marketing or explore the many opportunities available at Uber.

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