United States – Page 17 – understand-culture

Job Security vs Entrepreneurship

Paul is in his final year of college, and of late he has been thinking a lot about what he wants to do for the rest of his life, after graduation. Growing up, Paul had always been told by his parents to study hard, get good grades, so you can be accepted into a good university and graduate with a good degree.

Because having a good degree will land you in a good-paying job and in return, a good life. You see, this is the mentality that a lot of us were told. For some people, this belief is hard to throw away because it’s what we have been told since childhood.

YouTube comments:

“Not everyone is wired to start their own business. Entrepreneurship needs a strong conviction. It’s what makes the risk psychologically bearable.”

“I literally watched people get hired at my job and then get fired only months later. I’m now a full time entrepreneur myself because I saw the risk as staying an employee with any company.”

“One thing I want to point out is if you like your 9 to 5 job and it is allowing you to save money, there’s nothing wrong with that. One of the most important things to do is to like your job. If not, your spending most of your life being miserable. That’s why I want to be a teacher, and not what someone else wants. For me, being around children would definetly be better than sitting in a cubicle, waiting for my boss to walk by with my paycheck. So, if the regular lifestyle is something you like doing, go ahead.”

Quit Your Day Job and Live Out Your Dreams

YouTube comments:

“I met a retired salesman in his 60’s finishing up his history degree. His dream was to be a history teacher. When most folks are retiring he was starting something new. I never forgot him.”

“When you’re 20 you care what everyone thinks, when you’re 40 you stop caring what everyone thinks, when you’re 60 you realize no one was ever thinking about you in the first place.”

“Thanks for the advice. I’m 52 and quit the manufacturing world after 29 years. I got so tired of the corporate puppets coming down and acting like tyrants I turned walk in and handed in my 30 day notice. I worked as a supervisor but it turned into a supervisor, manager, HR and Safety manager job and expected us to work 12 hour days seven days a week. I decided screw that paid everything off I own. I now make knives and jewelry as my hobby and help my kids out with their business. Best thing I could of done.”

“From somebody who’s done this: There is a difference between fear of failure and fear of homelessness. When I got five mortgage payments behind, I was no longer focusing my creative energy on writing, I was losing sleep because I was about to lose my house. For a novelist anyway, I think the idea of quitting your day job is really bad advice. I have found it easier to be creative when I don’t have to worry about where my next house payment is coming from. I’ve written six novels, one of them while unemployed and “chasing my dream.” Lemme tell you – financial desperation does not improve your odds. I can still produce 10,000 words a week just fine as somebody who gets a paycheck. And my books still don’t sell. That problem is not solved by adding the anxiety of having no income. .02 from somebody who tried it and lost.”

I got laid off at Microsoft

If you are another creator and care deeply about helping others, please reach out — would love to put our heads together, collab, and continue to help others.

https://youtu.be/-mZbLX8EsWk

YouTube comments:

“The one takeaway is you can NOT NEVER EVER trust a company. They are not your friend, they are not your family. No matter how hard you work for a company the ones at the top will feed themselves first. It’s sad but it’s a true fact. We need to start to learn to be self-supportive.”

“I got laid off in early 2000s. I stayed in the IT sector. Earned 24 IT certifications and focused on DOD military networks and secret clearance type position focused around security and cyber security. After making this move, I never had to worry getting laid off. At the end of the day, you have to focus on yourself.”

“Many kudos to you: bright, articulate, and well-grounded. As a hiring manager and someone who’s been in the industry for a very, very long time, I can say these layoff decisions are often not even something corporations consult us on. When you work for a corporation and you’re generating revenue for them, you’re amazing, awesome, outstanding, and irreplaceable. When times get tight, you’re simply a line item on a balance sheet. The single best way to not have a layoff negatively impact you is to be relevant. Keep your skills current; always be learning; and don’t be afraid to self-promote if you’re manager isn’t seeing it. Have no regrets. Look forward, not backward.”

“Let me be honest and frank. Don’t get stressed and/or emotional over being laid off. You are expendable. Your loyalty should be to yourself and your family, not to any one company. Do not get too attached to co-workers. It only makes the layoff that much harder to deal with. When looking for employment, do not make job security one of your main objectives.”

6 Unspoken Rules of Promotions

Employee turnover is expensive for companies. In fact, turnover costs businesses more than the average promotion. According to research, replacing an employee who quits costs, on average, 21% of their annual pay.

Furthermore, research has shown that staying in a particular role for too long makes it more likely that employees will leave their company. With these points in mind and against the backdrop of a job seeker-first job market, it may be the perfect time to ask for a promotion.

Thinking about the next step in your career path can seem easy: put a plan together, talk to your boss, and voila, you’ve got a promotion. But unfortunately, the game isn’t played that way.

Safe is the new risky

Most people are looking for job security. Not understanding that jobs are in the best interest of the company not the employees. Everyone knows about the 40-40-40 Plan, Working 40 hours a week for someone else, for 40 years of your life, to retire off of 40% of what you struggled to live off of. That’s not freedom, its a cycle that needs to be broken.

German or American: Which labor law is better?

The recent terminations at Twitter have once again shown how different the protection against dismissal is in German and American labor law.

U.S. employees will probably receive continued pay for 60 days, or two months, under the WARN Act, and that’s it. If Elon Musk offers the dismissed employees (instead) a severance payment amounting to three months’ salary, that is considered quite fair by American standards. After all, Musk is paying 50% more than he has to.

In Germany, we would rather draw up a social plan that grants the dismissed employees (at least) 1 gross month’s salary per year of service as severance pay, in addition to compliance with the notice period.

Where do these differences come from, and which system is actually better?

Money is not everything

Do you want to pay your employees a bonus? Beware, this might not be a good idea: Studies show that extra money can hurt employee motivation and job satisfaction.

What is the ideal salary? Even if funds were unlimited, pinpointing the ideal salary would be difficult. The first intuition is: the higher the salary, the better the work results. But studies show that the connection between compensation, motivation and performance is much more complex. In fact, there is some evidence that people would not be happier in their jobs if they had control over their salary.

Don’t overpay your employees!

What drives employees? There are many answers to the question: Responsibility is one thing, appreciation is another. And money? Not so important. More salary can even be dangerous.

According to the motivational pope Sprenger, money can trigger a flash in the pan motivation. “The half-life is usually no more than 48 hours,” says the management consultant. Happiness researcher Ruckriegel is a little more optimistic: “Once the basic needs are met, it takes about two to three months for the employee’s expectations to adjust and for them to be just as satisfied as they were before the salary increase.”

In the long term, however, there is a risk of dramatic consequences from excessive financial generosity. According to Sprenger, it increases the stimulus and expectation level and can thus trigger a real addiction to rewards. Ruckriegel also warns: “You always have to push more, but at some point the end of the road will be reached.” And the higher the starting salary level, the lower the impact on productivity and the higher the greed. Because then the main thing is to earn as much as possible more than the others.

New York City rich and poor

January 2021 Even before COVID-19, New York was already defined by a gap between the rich and poor. Yet during the pandemic, wealth has become a determinant of survival. The pandemic hit New York in the spring, with almost 800 people dying from COVID-19 each day in April.

The city has been uneasy since then. People’s lives have been shaken by months of stay-at-home orders, changing public health measures, “Black Lives Matter” protests, the presidential election, and above all the economic consequences of the pandemic, including ever-widening inequality between New Yorkers.

Why the inequality gap is growing

For forty years, the U.S.-led global economy has produced an enormous improvement in human welfare. The percentage of the world’s population living on less than $1.90 per day fallings from 42% to 10%.

At the same time, income inequality has surged in countries with advanced economics. Nowhere has it surged more than the United States, where reliance on free-market forces magnifies rewards for those at the top while leaving others behind.