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I quit my job to finally pursue my passion — but it meant a huge pay cut and now I’m always broke. Did I make a mistake?
Yahoo Finance· 2025-10-19 19:00
Core Insights - Many Americans experience career regrets, with 58% regretting staying too long in a job compared to 38% who regret quitting [2][5] - Employee engagement in the U.S. is low, with only 32% feeling engaged in their work, indicating a widespread emotional detachment from workplaces [1][5] - Job hoppers are facing diminished pay increases, with job-to-job pay raises moderated to around 7% as of July [8] Group 1: Career Transitions - Jo, a project manager, left his job to pursue a career in design, which he found more fulfilling despite the financial implications [4][14] - After investing in design courses, Jo struggled to find a job, eventually landing an entry-level position that pays 40% less than his previous role [3][14] - The job market is challenging, with only 22,000 jobs added in August and a jobless rate of 4.3%, indicating a tough environment for job seekers [7] Group 2: Financial Considerations - Jo depleted most of his emergency fund during his job search and had to adjust his lifestyle due to a significant pay cut [2][14] - It is advisable for individuals considering a career change to save three to six months' worth of expenses before quitting to prepare for potential job search delays [13] - The pursuit of a new career may require upskilling or retraining, which can be managed through online courses or night classes while still employed [11][12] Group 3: Job Market Dynamics - Younger workers may face tough job prospects due to global trade tensions and the rise of AI, which could limit entry-level positions [8] - Internal growth opportunities, such as upskilling or transferring departments, should be considered before making a decision to leave a job [9][10] - The importance of having an exit strategy is emphasized, suggesting that job seekers should research the market and prepare before resigning [8][10]
A Recruiter's Confession: Candidates Are 'Ghosting' And It's Actually A Fair Play
Yahoo Finance· 2025-09-27 12:31
Core Insights - A recruiter highlights a trend of candidates "ghosting" after positive interactions, attributing this behavior to companies' demanding hiring processes [1][3] - The post gained significant traction, indicating widespread agreement among industry professionals regarding the challenges in the hiring landscape [2] Industry Challenges - Companies are imposing lengthy interview processes, including multiple interviews and personality tests for junior roles, which frustrates candidates [3] - The practice of withholding salary information until late in the hiring process is criticized, as it disregards candidates' financial needs [3] Candidate Experience - Candidates express frustration with the excessive demands of the interview process, leading some to disengage entirely [4] - A job seeker shared their experience of ghosting a company after being asked for an early morning interview, reflecting a broader sentiment of dissatisfaction with the hiring process [4] Solutions Proposed - Industry insiders suggest that recruiters should consider "firing" clients who create obstacles in the hiring process, as this can improve morale and efficiency [5] - The original poster confirmed that their firm had previously parted ways with a client due to an overly lengthy interview process, resulting in improved internal morale [6]
How to avoid the mistakes most veterans make in job hunting
Yahoo Finance· 2025-09-22 17:21
Podcast Overview - Warrior Money podcast, hosted by Patrick Murphy and Dan Kunze, focuses on assisting military veterans transitioning to civilian life [1] - The podcast provides financial education and inspiration to help veterans succeed [1] - Topics include creating target employer lists, translating military experience into business outcomes, and resume building [1] - The podcast is available on major platforms like Apple Podcasts, Spotify, and Amazon Music [1] Resources for Veterans - The podcast highlights resources like SkillBridge and Hiring Our Heroes [1] - It emphasizes the importance of mission focus as a selling point for veterans [1] - LinkedIn is discussed as a valuable tool for veterans [1] Yahoo Finance Platform - Yahoo Finance offers free stock ticker data, news, portfolio management resources, and market data [1] - Yahoo Finance can be accessed via website and mobile apps on Apple and Android [1] - Yahoo Finance maintains a presence on social media platforms including X, Instagram, TikTok, Facebook, and LinkedIn [1]
Walmart's HR VP says she avoids this type of person when hiring — and top employees have this trait in common
Yahoo Finance· 2025-09-19 10:00
Labor Market Conditions - The U.S. labor market is showing signs of significant weakening, with only 73,000 jobs added in July, indicating a challenging job environment [1] - Job growth estimates for May and June were revised downward, with May's net job gain adjusted from 144,000 to just 19,000 and June's from 147,000 to 14,000 [1] Hiring Insights - With fewer job opportunities and rising unemployment, it is becoming increasingly difficult for candidates to stand out and secure employment [2] - Insights from CEOs and executives can provide valuable guidance on effective job-seeking strategies, including behaviors to avoid that may hinder hiring chances [2] Corporate Hiring Preferences - Walmart employs approximately 2.1 million people globally, with 1.6 million associates in the U.S., and emphasizes the importance of a positive attitude in potential hires [3] - The company's Chief People Officer, Donna Morris, highlights that negative individuals, referred to as "Debbie Downers," are undesirable candidates, as they tend to bring problems without solutions [4][3] Impact of Negative Employees - Research indicates that a single toxic employee can cost a company around $12,489 due to the potential loss of other employees who prefer to leave rather than work with a negative coworker [5]