Meet a group of friends right now and invariably, at some point, the conversation will turn to the economy. The price of gas, the cost of groceries and the rising price of housing are all pain points.
US inflation fell slightly to 8.5% in July from 9.1%, its June high in 40 years, but costs remain high. The latest CPI report shows that whole milk has increased by 14.5%, cereals by 16.8% and eggs are now 38% more expensive than in July 2021.
The result is that many people, even those with relatively high incomes, feel short of breath. If inflation rises and costs rise and salaries remain stable, we will have less to spend and employees will naturally change jobs.
It is one of the factors fueling what has been called ‘The Great Resignation’. A staff survey of more than 2,600 mostly professional/office workers in the US from The Conference Board found that 29% of employees who left their organization during the pandemic are making more than 30% more money at their new company, adding fuel to the fire.
Many of us are stressed, disconnected and burned out by our current jobs. Perhaps you have taken on more tasks or have found that you have worked harder in recent years. In fact, 83% of respondents on a workplace survey say they’ve taken on up to six new jobs outside of their job descriptions because of co-workers’ layoffs.
Another way to get more money is to book a meeting with your manager to discuss your performance and compensation. This sounds like a no-brainer: if you’re juggling extra responsibilities, navigating hybrid or remote work with minimal supervision and getting it all done, why not make some extra cash?
Stop it anyway. While CEOs and CFOs know employees struggle with affordability, only 28% of them plan to raise wages for all employees, according to a survey. Gartner Research released in August. Seventy percent of leaders surveyed said pay increases would only be given to top-performing employees.
The study underlined that “employee performance will be a major determinant in awarding pay increases to both wage earners and hourly workers in response to the rise in the cost of living due to continued high inflation levels.”
So, if you want that raise and you think you deserve it, go to your meeting armed with the facts to back up your case. And if you’ve “quietly quit” — uninvolved, done just enough to make ends meet, but no more — then maybe it’s time to start looking for a new job and a higher salary.
Here are three we like, and you can find many more positions to apply for on the VentureBeat Job Board.
Staff Engineer — DevOps & Release — Big Data — Federal, ServiceNow, Santa Clara
The Staff Engineer — DevOps & Release — Big Data must pass a ServiceNow background screening and USFedPASS. You will join the big data team that plays a critical and strategic role in ensuring that ServiceNow can exceed availability and performance SLAs. You will deliver state-of-the-art monitoring, analytics and actionable business insights by leveraging new tools, big data systems, enterprise data lake, AI and machine learning methodologies that improve the efficiency of various functions in the business. Want to know more? The full job description can be found here.
Purple Drive Technologies provides information technology, consulting and digital solutions services and is seeking the services of an experienced Cyber Security Engineer. You are a self-starter and can bring projects to a successful conclusion. You should have core experience in security architecture assessments, as well as hands-on experience with static code analysis and tooling. You will also need two to five years of web application security and cryptography experience, at least one year of AWS experience, and several years of application security testing experience. Learn more and discover the benefits.
Team Leader Software Engineering (.NET), Personify, Remote — USA
Personify is looking for a Software Engineering Team Lead (.NET) who makes smart, informed technical decisions and strives for perfection. You are a relationship builder, coach and experienced coder ready to take your career to the next level. You’ll join the Member Clicks team and introduce and implement recommendations that capitalize on the potential of AWS, increase scalability, optimize performance, and simplify management. If you like that, find out all the details here.
Ready to start looking for a great new role? Then there are plenty of opportunities on the VentureBeat Job Board
The mission of VentureBeat is a digital city square for tech decision makers to learn about transformative business technology and transactions. Discover our briefings.