It’s not easy to switch jobs: Some people change jobs for a shorter commute or a better salary, others want health insurance or flexible scheudles, and still, others are looking for new or different careers.
A new report shows that hiring in the U.S. increased from 398,000 in June to 5,28,000 in July, according to the U.S. Bureau of Labor Statistics. Most workers look elsewhere because wages aren’t rising as quickly as prices.
Jill Gonzalez, a financial analyst, recommends considering compensation, location, and work environment when looking for a new job. When looking for a job, consider these five things.
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JOB MARKET
It’s common for employers to compete for workers in many industries because there are 1.7 jobs for each unemployed person.
Johnny C. Taylor Jr., the chief executive officer, says some employers can afford to increase wages, but they are becoming more open to providing alternative benefits, including remote work, subsidized child care, and commuting reimbursement.
Despite fears that the U.S. could enter a recession, some companies are better equipped to withstand economic downturns than others.
SALARY
Your industry influences how you view your income and how much you’ll earn.
There is a lack of transparency when it comes to paying conversations. If you’re unsure of the average salary in your industry, the U.S. Bureau of Labor Statistics has average salaries and wages for most industries.
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WORK ENVIRONMENT
A career expert for LinkedIn, Blair Heitmann, encourages job seekers to consider company culture when changing jobs. Researching press and social media, talking to current and former employees, and reading earnings reports are some of her suggestions. Research can also help you understand what makes a business work, giving you an edge in interviews.
BENEFITS
Some people find benefits such as health insurance and retirement contributions good. Many people enjoy working from home or on-the-job training.
Gonzalez said, “The work-life balance is equally important. Workers should inquire about vacation and sick day policies and work-from-home flexibility.”