Non-Competes Banned

by Angela Copeland | Apr 30, 2024 | Career Corner Column, Job Search, Newsletter

Last week, the Federal Trade Commission announced that they are banning non-competes across the country. And, this new ruling applies to almost all workers. You read that right. The FTC does not want your employer to be able to force a non-compete onto you.

Employers have long believed that a non-compete allows them to protect their trade secrets. They believed, non-competes allowed them to protect their financial investment into workers. And, employees often had no choice. If you wanted to take a job, a non-compete was just part of the arrangement.

In reality, non-compete agreements often tie the hands of employees. When an employee has spent the bulk of their career in one industry, it prevents them from going to other companies in the same industry. Often, a non-compete will remain in effect for multiple years, and can sometimes prevent employees from working in entire industries. It’s also worth mentioning that many companies invest less of their resources into workers today than they have in the past.

Non-compete agreements discourage employees from switching jobs. And, they prevent those same employees from pursuing more money, or a better workplace. Non-competes take away the options an employee has when switching jobs. It can lock someone into a company where they are underpaid, and may have an unhealthy work situation.

Even before the FTC decision, I would often hear people say that it’s hard to enforce non-competes. Some people felt they didn’t really matter. But, I would argue that this is not true. Even if an agreement is not very enforceable, the employee must go through a lengthy and expensive legal process to prove it. And, many employers don’t want to risk being involved in such a process with a new employee. Companies would rather play it safe than hire someone with an active non-compete.

The FTC estimates that one in five workers today are bound by a non-compete agreement. That means that this change will impact 30 million people. The FTC estimates this ban will grow startup activity by 2.7 percent. And, they believe an average worker stands to make $524 more per year because of this change. The FTC believes that allowing people to switch companies and remain in the same industry will create more competition. By allowing workers to switch jobs more freely, companies will be forced to pay a higher wage.

Going forward, companies will have to move beyond the non-compete. They may want to look at fair pay and treatment. And, they must focus on protecting their actual intellectual property in more specific ways. Protecting intellectual property is fair. Blindly restricting someone’s right to work is not.

Unfortunately though, the fight is likely not over. It is expected that the FTC will get a significant amount of pushback from companies who wish to keep their non-compete agreements in place. But for now, this change is a big win for workers.

I hope these tips have helped you. Visit CopelandCoaching.com to find more tips to improve your job search. If I can be of assistance to you, don’t hesitate to reach out to me here.

Happy hunting!

Angela Copeland
@CopelandCoach

Mixed Signals in the Job Market

by Angela Copeland | Feb 8, 2024 | Career Corner Column, Job Search, Newsletter

What does the job market have in store for us this year? The answer seems to be mixed.  We are continuing to hear about company layoffs. Yet, at the same time, the stock market just hit a new all-time high. This doesn’t paint a clear picture for would be job seekers. And often, uncertainty in the market can discourage employees from seeking new employment.

For example, major companies are continuing to lay off workers. In January alone, companies such as Microsoft, Sports Illustrated, Google, Amazon, and NBC all laid off workers. On the other hand, the S&P 500 has been setting records as earnings have continued to grow. And, a few of the very same companies that are doing well are also laying off employees. So, what gives?

Unfortunately, the answer is not straight forward. There are a number of factors at play. First, in the last five years, many industries have seen a shift. Since 2020, it is more common to work from home. People are wearing more casual clothing. The auto industry is in the midst of an evolution. I could go on, but you get the idea. The way we work and play has shifted. Some industries have gotten smaller while others have grown.

Another very unfortunate factor is that layoffs have become more normal in business. In the past, layoffs were typically a last resort. Companies avoided them at all cost. Companies wanted to protect their employees. Employees were the fabric of the company. Layoffs were considered shameful.

Although employees are still important, companies now consider many other factors. Some companies focus more on the short term value of the company rather than looking into the future.  This can mean that a company may elect to lay off employees simply to save money in the short term. In fact, it is at times perceived as a responsible thing to do. In other words, the short term cost savings of layoffs may at times be considered smart.

What does this mean for the job market, and for your job search? If you have been thinking looking for a new job, don’t give up hope. Despite the unusual market, many companies are still hiring.

But, before you accept a new job, do your research. Look online for any news about the financial health of the company. Research where the industry is going overall. Research the company on sites such as Glassdoor.com. Glassdoor allows employees to leave reviews about the company. If layoffs are being handled poorly or employees are being mistreated, they will often share their feedback on Glassdoor.

Whatever you do, keep your resume current. With the current environment, unplanned things can happen. By keeping your resume up to date, and by staying in touch with contacts, you can create some level of insulation from the unknown. The more proactive that you are, the more choice you will have if things change in this market.

I hope these tips have helped you. Visit CopelandCoaching.com to find more tips to improve your job search. If I can be of assistance to you, don’t hesitate to reach out to me here.

Happy hunting!

Angela Copeland
@CopelandCoach

One Step at a Time

by Angela Copeland | Jan 9, 2024 | Career Corner Column, Job Search, Newsletter

Happy New Year! January is a time for new beginnings. It’s a time when we often set our goals for the remainder of the year. It can be a time to commit to change, whether it is within our personal lives or our careers. It can often help to begin with the end in mind. If you can create an image of the end goal, it can be easier to build the steps to complete the change you crave.

But, so often, it can be hard to see the end goal in the beginning. This is especially true when you are in the middle of a difficult situation. And let’s face it, the last few years have not been easy.

One thing remains true however. If you make small steps in the right direction, you will eventually find your way. In other words, good choices will lead you to more good options. And eventually, your destination will reveal itself. If you’ve taken many positive steps, you are certain to find yourself in a positive place – even if there are a few turns along the way.

If you do have a clear vision for the future, set an intension. Break it down into bite sized steps that you can do over the course of the year. Create a timeline. Find friends to help hold you accountable along the way. Reach out for help as you need it.

But, not having that vision of the end doesn’t mean you won’t find yourself in a great spot. I’ve often spoken to job seekers who are distressed. They have two good job offers and aren’t sure which to choose. In reality, both opportunities are good options. This is often the case in life. There are many paths that will take you to a good outcome.

However, what you do need to do is to get moving. Staying stagnant in a situation that isn’t working for you will not lead you to where you need to be. It will only make it harder to get yourself out later.

No matter what your goals are for 2024, January is a great time to polish up your professional presence.  Ensure that your LinkedIn profile is up to date. And, set aside some time to update your resume. This is likely the time of the year when you will complete your performance evaluation for the previous year. Use the opportunity to truly outline the impact of your contribution to your company. In addition to making a great case for your bonus or raise, you can use this information for your resume.

Finding a job is hard work, especially when you are proactively looking. Start early, and keep moving. The more effort you put into your search, the more options you will ultimately have. And, you will have more opportunities to guide your career in a positive direction. Start by taking one positive step at a time.

I hope these tips have helped you. Visit CopelandCoaching.com to find more tips to improve your job search. If I can be of assistance to you, don’t hesitate to reach out to me here.

Happy hunting!

Angela Copeland
@CopelandCoach

Hiring Through Elimination

by Angela Copeland | Oct 31, 2023 | Career Corner Column, Job Search, Newsletter

Hiring can be tough. At times, it is similar to online dating. The hiring manager is often flooded with applicants. There are more potential employees (and in the case of dating, more singles) than anyone could ever truly sort through. So, what’s a hiring manager to do?

Unfortunately, most hiring managers use an elimination method. They try to look at what may be “wrong” with the candidates. Very often, there may not truly be anything wrong with the candidates. Often, they may be different than other candidates in some way. For example, a job may not require a master’s degree. But, if you are the only candidate who doesn’t have one, you may be eliminated from the consideration set.

Similarly, a company may be looking for someone with similar experience to their existing employees, or to the previous employee in the role. If you don’t have experience from the same industry, you may be eliminated from consideration.

Companies also look for employees who have similar work situations today. For example, a company may be hesitant to hire someone who is currently self-employed. Or a small company may be hesitant to hire someone from a large company, and vice versa. Similar rules apply when it comes to things like visa sponsorships, or any other notable difference. Any sort of difference can create a hurdle to get over.

Unfortunately, the same is true for perceived differences. Recruiters and hiring managers often read through twenty or more resumes in one sitting. They make quick judgements in order to efficiently work through the line of candidates. This can at times results in incorrect assumptions about your background. These incorrect assumptions can remove you from consideration.

There a few takeaways from this. First, if a recruiter shares why you weren’t selected, maintain a sense of perspective. First, they are likely sharing a quick judgement. Second, they are comparing you to a specific group of candidates. If you were the one candidate without a specific qualification this time, you may find this qualification is not even considered at the next job you apply to. Candidate pools are ever changing, and recruiter feedback is worth what you pay for it.

As a job seeker, you can help to combat these incorrect judgements by providing a cover letter with your application – and by customizing your resume. Use your cover letter to tell your story. Explain why you believe you stand out from the other candidates. Then, mirror the language and qualifications from the job description in your resume. This won’t solve every problem, but it can help in your search.

The job search process can be long and painful. Try to keep pushing forward. Just like dating, it only takes one great hiring manager for things to fall into place. Realize that you are not alone. Every candidate except for one received a reason that they are not a good fit, or are not qualified.

I hope these tips have helped you. Visit CopelandCoaching.com to find more tips to improve your job search. If I can be of assistance to you, don’t hesitate to reach out to me here.

Happy hunting!

Angela Copeland
@CopelandCoach

September Job Market Heats Up

by Angela Copeland | Oct 10, 2023 | Career Corner Column, Job Search, Newsletter

There’s exciting news in the September jobs report from the U.S. Bureau of Labor Statistics. In September, the job market in the U.S. far exceeded anyone’s predictions. A total of 336,000 jobs were added. This is in comparison to economists’ predictions of 170,000 jobs. The unemployment rate also remained steady at 3.8 percent. This is great news for many job seekers, who are continuing to look for new employment opportunities.

These job gains were the most pronounced among the fields of leisure and hospitality and government. Leisure and hospitality added 96,000 jobs in September. This far outpaced the average of 61,000 jobs seen each month over the past 12 months. Food services jobs rose by 61,000 jobs. This has helped to return the industry to the pre-pandemic levels observed in February of 2020. Accommodation employment is also continuing to grow. However, it remains at 10.3 percent less than what was observed pre-pandemic.

During September, government employment grew by 73,000. This is significantly higher than the trend of 47,000 observed over the prior 12 month period. These jobs were primarily added in state government education, and in local government.

Other industries saw positive growth as well. Although the healthcare industry added fewer jobs than previously seen, 41,000 jobs were added in September. Professional, scientific, and technical services jobs increased by 29,000. This is a consistent with the trend observed over the past 12 months.

Employment in the motion picture and sound recording industries trended down, and has declined by 45,000 jobs since May. This is a reflection of the labor disputes within this industry. It should be noted that this may be an underestimation, as many of the writers in the Writers Guild of America are contract workers, and are not included in the 45,000.

Other major industries did not see a positive or negative change in September. Mining, quarrying, oil and gas, construction, manufacturing, wholesale trade, retail, and other services industries remained stable.

The average hourly wage has remained fairly consistent. It rose by 0.2 percent in September, and 4.2 percent over the past 12 months. The average hourly wage for all employees was $33.88.

If you’re looking for a new job, what does this growth mean for you? In certain industries, this may be a great time to look for a job. And, overall, the economy seems to be more resilient than even economists expected. Unfortunately, there may be negative consequences in other parts of the economy. But, overall, this is still great news for job seekers.

If you’re looking to land a new gig before the end of the year, do not wait. It typically takes two months or more to receive a job offer. There are times when it takes this long just to go through one interview process. The increase in jobs does not mean that landing a new job will be quick or easy. Don’t delay. Begin by cleaning up your resume today.

I hope these tips have helped you. Visit CopelandCoaching.com to find more tips to improve your job search. If I can be of assistance to you, don’t hesitate to reach out to me here.

Happy hunting!

Angela Copeland
@CopelandCoach