Business leaders had to acquiesce to their requirements. Management understood that if they didn’t make their employees happy, the staff would join the Great Resignation. Seeing other companies offer their employees over-the-top benefits, pay and stock rewards becomes a contagion effect.
Feeling unloved and unappreciated, they slide into becoming a slacker and cyberloafer. This attitude, when multiplied by a large number of other workers, is problematic, as it results in less productivity and deteriorating relationships with customers and vendors.Now may not be the right time to go after jobs in “sexy” sectors and “hot,” fast-growing companies that are heralded as the next big thing that will change the world.
Warren Buffett, known as the Oracle of Omaha and one of the richest Americans, says he loves investing in companies with a moat around them. This means the business has a competitive advantage that stands out and enables it to have pricing power and better-than-average profit margins. Having a strong balance sheet, profitability and a unique business model that is hard to replicate, making it nearly immune from competitors, is the new “hot thing.
When on the job hunt, seek out people you know at your target companies. Politely inquire about their experience working at the organization. You want to find out the truth about what it’s like to work there.