Forbes’ Post

I believe this is “sad news”. It's disheartening to see the increasing necessity for professionals to take on side hustles just to make ends meet. While the gig economy promises flexibility and additional income streams, it also highlights a troubling reality: traditional salaries are failing to keep up with the rising cost of living. This trend forces many to juggle multiple roles, often at the expense of their personal time and well-being. I think it is a clear signal that the economic system needs reform to ensure that full-time employment provides a livable wage. Moreover, the normalization of side hustles as a necessity rather than a choice is concerning. The article mentions that nearly half of American workers (I believe Mexican workers are close to that numbers) now have side hustles, and this number is climbing. This isn't just about flexibility or a desire for work-life balance; it's about survival. When professionals need to hide their gig work from friends and family, it underscores a sense of shame and stigma associated with not earning enough from their primary careers. This shift reflects a deeper, systemic issue where the value of skilled work is undermined by inadequate compensation. I believe side hustles can provide short-term financial relief, they should not be viewed as a solution to economic instability. It's crucial for companies and policymakers to address the root causes of wage stagnation and high living costs. Every professional deserves the dignity of a stable, sufficient income from their primary job, without the added burden of a secondary hustle.

Side Hustles are mostly fun and engaging, and rewarding if paid for. More than the extra earning opportunities, they come along with several psychological benefits. Anything we do outside the scope of day jobs is an indirect confidence booster. Ask those who eventually ended up making Side Hustles their core focus and built businesses around them. Those stories are interesting and inspiring at the same time. People looking for Side Hustles also indicate they do so in order to find the sense of fulfillment and appreciation they miss at their workplaces. My sense is making more money is not the core driver for Side Hustles, they are the extension of intellectual and psychological engagement for any professional at work. #worklifebalance #sidehustles #job #business #growth #independence #empower

It’s perfectly okay to switch jobs for a better salary. I mean, who needs loyalty when bills are due, right? 🤷♂️ After all, you’ve got a family to look after 💸 So, go ahead and chase that paycheck! 💼 Your landlord isn’t going to accept “company culture” as rent. And let’s be honest, you’re not in this game for the free coffee and team-building exercises. 🏃♂️💨 Loyalty? That’s a two-way street, my friends. If your employer isn’t putting food on your table, it’s time to move on to someone who will. 🍽️ And for those who think sticking around for the “experience” is worth it—well, I hope you enjoy experience-flavored ramen noodles. 🍜 Bottom line: Don’t feel guilty about securing your future and your family’s well-being. 💰 Because when it comes to your career, you are the CEO. #JobSwitch #SalaryMatters #FamilyFirst #PaycheckOverPassion #NoGuiltOnlyGrowth #VandanSays #TimeToMoveOn #SecureYourFuture #CareerMoves #JobHoppingWithPurpose #ControversialTruths #DominantMindset

Have you ever switched your job just for the salary hike? Read this post carefully! Yes, you can consider doing this but please keep a few things in mind. Don't just go for salary, check team members, community and culture they have. When looking for a new job, it's not just about how good you are with computers and coding. It's also about finding a place where you fit in well with the team and company culture. Why does this matter? Well, imagine working somewhere where you feel out of place or uncomfortable. Not fun, right? That's why finding the right fit is super important! Here are a few reasons why: 📍Team Work: You'll be spending a lot of time with your new coworkers. It's great if you all get along and work well together! 📍Growing in Your Career: A good company culture helps you learn and improve your skills. 📍Enjoying Your Job: When you like the company's goals and values, you're more likely to be happy at work. So, next time you're in a job interview, don't just talk about your tech skills. Ask questions about the company culture too! Find out how the team works together and what the company cares about. Remember, you're not just picking a new job - you're choosing a new work home. Make sure it's a place where you can be your best self! Good luck with your job search! What is the biggest challenge you face while switching jobs? #TechJobs #CareerAdvice #CompanyCulture

If you’re looking for a job in the current market, should you take a pay cut/step down? All too often, I’m asked with hopeful eyes if the job market is really “as bad as they say.” Yes, folks, it sadly is. Even though the headlines seem to think we’re not in a recession and things are “okay,” that’s not reality. And the impact is that it’s taking people a long time to get jobs. Many people who were let go last November, who are truly great candidates, are still not working. If they are, they likely had to take a step down or sometimes a significant pay cut. So this begs the question: Should you lower your expectations and take what you can get? I personally think everyone should be paid their worth and given the chance to advance. But if you’ve been holding out and still can’t secure a job, it might be time to (temporarily) lower the bar until things balance out again. It’s not ideal, but there are ways in which you can make it work for you: Ask for other benefits to offset a lower salary, such as extra vacation days or remote work.  Agree to reassess your salary after the six month mark.  Find out if there are other professional development options available to upskill any gaps you have. Chances are, if you’re taking a lateral or lower-tier role, it won’t be the most challenging either. Maybe it’s time to hit the career brakes and coast for a bit. Have more time for family, friends, hobbies, etc. Yes, it can feel bad not to progress, but imagine all the parts of your life that can get much-needed attention. It’s not an ideal situation. We can either be upset, or see the opportunities within it. 

Current Salary = 10 Lakhs. Market Rate = 15 Lakhs. First offer = 14 Lakhs. Second offer = 16 Lakhs. At this stage if you are smart You would pause and think of factors like... -> Role and Responsibility -> Tech Stack/ Domain -> Work Life Balance -> Long Term Prospects -> Company History/ Future Plans But if you are ONLY look at the money... You would go for the third offer = 20 Lakhs. If you know that the market rate is 15 Lakhs, then clearly the offer of 20 Lakhs is unrealistic. So if you go for this third offer then Be prepared for the consequences... -> May be unreasonable expectations -> May be two roles bundled into one -> May be short term project/ assignment -> May be history of hire and fire No one would pay you 20 Lakhs When the market rate is 15 lakhs. Do you smell a rat in such scenarios? Remember sooner or later... You will need to pay a price! 🚀 🙂 ❤️ P.S: Like it? Then share it ahead. Follow 👉 Anand Vaishampayan for more.

Insightful summary here from Lindsey Bell:

This is the reason some of us are doing what we are doing. We understand that the best way to get what you want is to help enough other people get what they want. The key words HELP ENOUGH OTHER PEOPLE. I want 1. Financial Freedom 2. Time Freedom 3. Health Freedom For me to have them, I need to help ENOUGH people who want additional income, to create a part-time business that can pay them more than their full-time jobs without conflicting with their jobs. The question is " Do you want additional income? A part-time business that can pay you more than your salary job without conflicting with your job? " I want to help enough people to have additional income. Do you want it?

When comparing job offers, it's important to assess various factors to determine which opportunity best suits your needs and goals. Here's a step-by-step guide on how to compare job offers effectively: Create a Comparison Chart: Make a spreadsheet or list to compare key factors of each job offer side by side. This will help you visually see the differences and similarities between the offers. Compensation and Benefits: Compare the salary, bonuses, health insurance, retirement plans, and any other perks offered by each employer. Consider the total compensation package, including non-monetary benefits like flexible hours or remote work options. Career Growth Opportunities: Evaluate the potential for advancement within each company. Look for opportunities for promotions, skill development, and ongoing learning and training programs. Company Culture and Values: Assess whether the company's culture, values, and work environment align with your own preferences and principles. Consider factors like team dynamics, leadership style, and organizational values. Work-Life Balance: Compare the typical work hours, flexibility, and any expectations for overtime or travel required for each position. Consider how each job will fit with your personal life and commitments. Job Responsibilities and Duties: Review the job descriptions and expectations for each position. Assess whether the responsibilities and duties match your skills, interests, and career aspirations. Location and Commute: Evaluate the location of each job and assess the commute time and transportation options available to you. Consider factors like proximity to home, public transportation access, and traffic patterns. Reputation and Stability: Research the reputation, financial stability, and future prospects of each company. Look for information on the company's track record, market position, and long-term viability. Employee Satisfaction and Turnover: Seek out employee reviews, feedback, and turnover rates to gauge overall satisfaction and retention within each organization. Consider factors like workplace morale, employee engagement, and career longevity. Weight Your Priorities: Consider which factors are most important to you and assign weights to each factor based on your priorities. This will help you make a more informed decision that aligns with your values and goals. By carefully comparing these factors, you can make a well-informed decision when choosing between job offers and select the opportunity that best meets your needs and aspirations. #comparejoboffers #comparejobs #Joboffers #jobopportunity #jobsearch #jobseekers https://lnkd.in/gQ24Vw3G