Job hopping drives career growth?!

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Read time: 3.5 minutes

What’s up party people?! We hope everyone had a great Thanksgiving. Now back to the best stories in the world of work 🎉

PARTY PLAN 🎉

🤑 $10M to get fired

📈 Benefits of job hopping

✍️ Resume tips from Forbes

And, of course, MEMES!

MEME OF THE DAY

LAYOFFS

$10 Million To Get Fired?!

Would you get fired for $10M?! Intel’s CEO Pat Gelsinger entered into a “retirement and separation agreement.” He’ll get a payout of 18 months of his base pay. He’ll also get paid 1.5x his target bonus (275%) of his base salary, which is an additional $5.16M.

On top of that, he’ll get 11/12ths of his 2024 bonus, coming out to an extra $2.15M (some of this is dependent on company performance). Quite the retirement!

Intel has had a rough year as the valuation of the company dropped by 30%. They also recently laid off 15% of its workforce (which comes out to 15,000 people). Even though he’s getting paid $10M, we have seen much crazier payouts for CEOs who left their companies in worse shape.

According to a report, former CEO Gelsinger was forced with the option of retiring or getting canned. We’d probably all take the $10M payout and retire on a beach somewhere!

CAREER GROWTH

Job Hopping Drives Career Growth

According to a report from Kickresume, only 17% of workers were promoted by their current company over the past 5 years. WTF?!

So if you’re not going to get promoted, why not look elsewhere for career development?

65% of workers have switched jobs over the past 5 years, a number that was drastically boosted by COVID and layoffs.

There are generally 2 ways to progress in your career - 1). get promoted or 2). start looking for a new job. But if getting promoted isn’t an option, workers looking for an increase in pay or career development are forced to choose the latter.

Resume Tips

Forbes Top Resume Tip

New year, new me, new job?

Time to dust of that resume and give it a revamp.

Here is the #1 resume tip from Career Counsel Robin Ryan, who has crafted thousands of resumes:

Quantify your results:

“The key to a great resume is to quantify those outcomes whenever possible. As I help my career counseling clients write their resumes, most of them lack these critical outcomes. When I ask the client what was your greatest accomplishment, I’m quite specific. I want an answer with details. If you say you saved money, I ask how much? The typical responses I hear are ‘I don’t know,’ ‘I don’t remember,’ or they simply respond by saying, 'a lot.’”

Ryan says that you always need to list your biggest accomplishment first. This is something that should catch the eye of the reader and highlight what you bring to the table.

It can be a challenge to remember all of your accomplishments, so start an ongoing list at your current job. Update it monthly and be specific. Be sure to quantify your results. That way, when you go to update your resume, you have all of the necessary details ready to go.

Additionally, make sure you save a copy of your resume to your own computer. In the event of a layoff, your work laptop may be confiscated, locking you out of your resume.

Good luck job hunting!

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