Get together with a group of friends right now and invariably, at some point, the conversation will turn to the economy. The price of gas, the cost of groceries, and the escalating price of housing are all pain points.
The US inflation rate eased slightly to 8.5% in July from June’s 40-year high of 9.1%, but costs remain high. The latest CPI report shows that whole milk is up 14.5%, cereals are up 16.8% and eggs are now 38% more expensive than they were in July 2021.
The result is that many people, even those with relatively high incomes, are feeling the pinch. When inflation rises and costs rise and wages stagnate, we have less to spend and workers will naturally look to move jobs.
It is one of the factors fueling what has been called “The Great Resignation.” A workforce survey of more than 2,600 mostly professional/office workers in the US by the Conference Board found that 29% of workers who left their organization during the pandemic are making more than 30% more money at their new company, fueling on fire.
Many of us are stressed, disengaged and exhausted from our current jobs. Maybe you’ve taken on more tasks or found that you’ve worked harder in the past couple of years. In fact, 83% of respondents to a workplace survey say they have taken on up to six new duties outside of their job description due to co-workers resigning.
Another approach to earning more money is to book a chat with your manager to discuss your performance and compensation. This sounds like a no-brainer: after all, if you’re taking on additional responsibilities, navigating hybrid or remote work with minimal supervision, and getting everything done, why don’t you deserve some extra money?
But be patient. While CEOs and CFOs know workers are struggling with affordability, only 28% of them plan to raise wages for all employees, according to a Gartner study released in August. Seventy percent of leaders surveyed said pay raises would only be given to top performers.
The survey highlighted that “employee performance will be a key factor in awarding wage increases to both salaried and hourly employees in response to cost-of-living increases from continued high levels of inflation.”
So if you want that raise and believe you deserve it, go to your meeting armed with the facts to support your case. And if you’re “quietly quitting” — disengaged, doing enough to get by, but no more — then maybe it’s time to look for a new job and a bigger salary.
Here are three we like the look of, and you can also find many more roles to apply for on the VentureBeat Job Board.
Staff Engineer — DevOps & Release — Big Data — Federal, ServiceNow, Santa Clara
The Staff Engineer — DevOps & Release — Big Data will require passing a ServiceNow and USFedPASS background exam. You will join the big data team that plays a critical and strategic role in ensuring that ServiceNow can exceed availability and performance SLAs. You will provide state-of-the-art monitoring, analytics and actionable business insights using new tools, big data systems, business data methodologies, artificial intelligence and machine learning that improve efficiency across a variety of functions in the company. Would you like to know more? You can find the full job description here.
Purple Drive Technologies provides information technology services, consulting and digital solutions and is looking to secure the services of an experienced Cyber Security Engineer. You will start on your own and be able to complete projects. You will need to have basic experiences in security architecture assessments as well as hands-on experience with static code analysis and tools. You’ll also need two to five years of experience in web application security and encryption, at least one year of AWS experience, and several years of application security testing experience. Get more information and discover the benefits.
Software Engineering Team Leader (.NET), Personaify, Remote — US
Personify is looking for a Software Engineering (.NET) Team Leader who makes smart, well-informed technical decisions and strives for excellence. You’ll be a relationship builder, coach, and seasoned developer ready to take your career to the next level. You’ll join the Click Members team and introduce and implement recommendations that leverage AWS capabilities, increase scalability, optimize performance, and ease management. If you like the sound of this, find out all the details here.
Ready to look for a great new role? If so, there are plenty of opportunities on the VentureBeat Job Board
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