Finally, there’s some good news for American workers. The outlook for workers in America is improving! An article (by Sandra Bullock) published in USA Today reports that workers in the United States can expect the largest increase in their pay since the financial crisis hit the nation. The report has been published on the ground of a survey published by an American human resources consulting firm.
The year 2011 will see a merit-based pay increase by around 3%, as compared to 2.7% in the year 2010. The survey regarding this report for salary raise was conducted in the months of January-February this year. Around 400 large corporations and mid-size employers were included in this survey.
The survey also reports that most of the American companies have also lifted their salary freezes that they had implemented in the wake of last economic recession. There are only a handful of companies that will continue their salary freezes in the year 2011. Now, there are scarcely any companies that are saying they would continue salary freezing this year.
Around 40% of the companies in America said they plan to add more people to their workforce. According to experts, employers in the United States will add around 2.4 million jobs in 2011. This percentage is just double the number of jobs that were added in 2010. Therefore, workers in American have finally some respite from salary freezes. Jobs continue to rise and salaries are also expected to be increased this year.
You are not the only one who lost the job! This is quite normal. Several companies are cutting off jobs and giving layoffs. Therefore, you should feel discouraged or depressed just because you faced a job loss. Who knows this lay off might open new doors for your professional growth. What’s important is that you have prepared yourself well to handle the sudden job loss or layoff. Given below are some important pieces of advice to help you cope with unemployment or job loss.
Check Your Benefits
In you current organization, you may be entitled to multiple employee benefits including health benefits, life insurance benefits and sick leave among others. Before you leave the organization, you must get in touch with the human resource department to check the status. Find out about the requirements for the continuation of these benefits to avoid any kind of discrepancies in future. File for unemployment as soon as possible as well.
There are several companies that also offer job search assistance. Also remember to ask for the reference letter that can immensely boost your job search.
Make an Assessment of Your Goals
Sudden job layoffs or unemployment is also an excellent opportunity for you to assess your career goals. During this time, you can review your goals and modify them according to the prevailing circumstances. If you are well prepared to deal with the situation, you can also turn your unemployment or job layoff into a positive experience for professional growth. Many jobseekers moved on to better careers with advanced opportunities after they were terminated or resigned from the job.
Evaluate Your Financial Resources
Get a clearer picture of your financial resources when you are facing a job loss. If you have assessed how long your current financial resources are going to last, you will be able to avoid any kind of discrepancy that might arise otherwise in case of a sudden job loss.
Doing the Preparation for Job Search
Now that you are unemployed or have suddenly been given a layoff, it’s time to put your job search strategy to use. Make sure you have your resume, cover letter and references ready to boost your job search. If you always keep your resume updated, you can apply for jobs immediately as a similar opportunity arises.
Professional networking offers abundant benefits for jobseekers. Therefore, make sure all the people including your co-workers, colleagues, hiring managers and employers are well within your network. Collect their contact information so that you remain in touch even after leaving your current job or company.
Skills guarantee success. If you have the ability to do something, it is a skill. People lean many different skills as they live their years through personal and professional lives. Your work experience teaches you a lot of skills. Here, we are going to discuss what transferable skills actually refer to. Well, transferable skills are those skills which you can use across a wide range of jobs or situations. Transferable skills prove to be useful when you seek a career change or a new job with varied roles and responsibilities. If you have the ability to identify your transferable skills and sell it to employers, it can boost your employability.
Transferable skills are not only useful for career changers, but they can come handy even when you have chances of facing a layoff in your company or seeking a new job position after graduating from college. What’s important is that you possess the capability to identify the skills which can be transferred from one career to another.
Identification of Transferable Skills
The very first step towards making the most of your transferable skills is to identify them appropriately. Your job title or the job position may not say a lot about what kind of responsibilities you handled while working in a company. If you want to identify the skills, you need to review each job position you held in your career.
Not only your job, but you can also have a closer look at your life experiences. Life also teaches us a lot of important skills that we can use to do a job. The best part about using transferable skills is that they impart you the ability to make you adaptable to career or job changes. Let us have a look at a couple of examples.
These are just a few of the plenty of skills that can be transferred from one career to another. Problem solving or time management skills can actually be used across a range of industries or jobs. Skills which are job-specific can not be used in other jobs. However, transferable skills enable you to embrace a new career and perform the responsibilities efficiently.
Though most of the employers would want candidates with job-specific skills, they also look for candidates who carry skills that can be transferred from job to another. Candidates with transferable skills possess good chances of career advancement. Employers may teach you job-specific skills, but it’s never easy to learn transferable skills from one employer. Learning skills which can be transferred is an ongoing process. You acquire such skills with the passage of time and experiences you face in personal and professional life.
Strong job gains by US factories come as a boon to the spattering job market. Last year, there was a modest job rebound by manufacturers. The good news is that a higher customer demand finally seems to materialize, particularly in the emerging markets. In the year 2010, manufacturers added a total of 112,000 jobs. This year, producers are expected to add 275,000 jobs. Around 300,000 more jobs are expected in the year 2012.
Last month, strong job gains were noticed by manufacturers of cars, metals, factory gear and computers. On the other hand, producers of apparel, paper and food shed 13,000 jobs, as the US consumer demand in the non-durable products market is still moderate.
In order to expedite its production of vehicles, Ford Motors added 600 employees in Ohio and Michigan. This is in regard to the US car sales annual rise of 12.6 million last month. Early last year, the car sales was reported to be 11 million.
It is the No. 1 aluminum maker in the US. Last month, Alcoa re-opened three smelting plants. The re-opening of these plants will require 260 more employees. According to CEO Klaus Kleinfield, demand in the aluminum sector is rising up.
The top chipmaker also added around 3,000 jobs last year. This was done due to the increasing demand for servers and notebooks.
Overall, factories in the United States added 49,000 jobs in January this year. Jobseekers can expect more jobs to be added as the consumer demand surges further in the coming months. This is really welcome news that higher demand is finally flicking in.