12 May To Hop or Not to Hop?
These days, that is definitely a big question.
I am happy to announce that I was recently interviewed by The Fairmont Post regarding this very question. You can read the article in its entirety here: https://fairmontpost.com/should-job-hoppers-leap-one-more-time/
I am not:
- An economist
- A financial planner or advisor
- An all-seeing oracle
- A member of the World Economic Forum
- A hedge fund manager with billionaire clients
I can’t be certain what we’re headed for in the coming months. In general, I’m bearish and I think it makes sense to be prepared for a recession. But I can’t know for sure that’s what will happen. So when in doubt, please consult a professional financial planner or advisor who can speak with you about your own personal financial profile. Consider these points you can ponder if you’re trying to decide if you should leap one more time or stay put. My thoughts on this:
“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.”
Big thanks to The Fairmont Post for taking the time to speak with me on this!