Email: [email protected] LinkedIn: www.linkedin.com/in/jaminbrazilTwitter: www.twitter.com/jaminbrazil
Twitter: www.twitter.com/happymrxp LinkedIn: www.linkedin.com/company/happymarketresearch Facebook: www.facebook.com/happymrxp Website: www.happymr.com
“Clap Along” by Auditionauti: https://audionautix.com
This Episode is Sponsored by:
The Michigan State University’s Master of Science in Marketing Research Program delivers the #1 ranked insights and analytics graduate degree in three formats:
Full-time on campus Full-time online Part-time online
If you can’t commit to their full degree program, simply begin with one of their 3-course certificates: Insights Design or Insights Analysis.
In addition to the certification, all the courses you complete will build toward your graduation.
If you are looking to achieve your full potential, check out MSMU’s programs at: broad.msu.edu/marketing.
HubUX is a research operation platform for private panel management, qualitative automation including video audition questions, and surveys.
For a limited time, user seats are free. If you’d like to learn more or create your own account, visit hubux.com.
This is the second and final post in our series on how generations are viewing the job market and what you can do to ensure you are well prepared for whatever comes.
In our first episode in this series, we talked about the impact of the US economy on the job market. We also looked at how concerned people actually are about being laid off in the next 12-months. But, with every cloud is a silver lining. In this case, that silver lining is for employers who expressed that there will be some major benefits with a more balanced job market.
If didn’t tune into that episode, you can find the link in the show notes:
https://happymr.com/ep-562-intergenerational-views-on-the-job-market/
Today, we will be addressing:
How are generation preparing for changes to the job market? What advice would members of different generations give to the unfortunate souls that are laid off?
Why Do Companies Do Layoffs?
Bad news is bad news. But, understanding the why can help many of us mentally cope with aftermath.
So, you may find it helpful to understand the business rational for layoffs. And, by understanding a bit more about why companies do layoffs you are more likely to recognize when they are coming and be proactive to avoid or even profit from them.
Overall, the 300 people we interviewed were positive about the job market despite the difficulties many companies are and will face because of the recession. There will be a lot of job transition as some companies thrive while others suffer and even go out of business. Here is what a few people said,
https://youtu.be/0Zvdma8OOPM
https://youtube.com/shorts/TaukU8q-puw?feature=share
I can speak to the topic of layoffs with some authority. Having built a company from 0-200 full time employees and having been the CEO of a 400-person firm, layoffs are a normal part of any company’s lifecycle. There are a few reasons for this:
Reason 1: Obsolete Function
Healthy companies are in a perpetual state of improving both profitability and growth. Put simply, they invest in systems, people, and technology that allows them to make more money with less resources.
Here is an example from the warehousing industry: Hiring challenges, workers’ comp, and the promise of more efficient and profitable operations are forcing companies to invest in warehouse automation. Definitionally, automation is designed to replace people. By replacing people companies realize a significant amount of savings over time along with productive improvements.
Reason 2: Improved Profits
Lower wages in other countries are driving companies to move jobs from the US. For many US companies that have 50+ employees doi...