Is it an End of Great Resignation and welcoming Stagflation or high misery index? Are you Dear to Your Boss? Else, you will end up Dear to your Loss? Don't ask for a Hike! Ask for a Mike!! Read this Interesting Perspective!!

Dear Friends and Students

On 8th Mar 2022, I wrote an article (/i2itm.blogspot.com/2022/03/corona-left-economic-damage-prolonged.html) and shared a few thoughts on various job opportunities vs shift options. If you read that article completely, predominantly I was discouraging job shifts for salary growth and high packages! Now check the Economic growth and job situation. They are becoming grim across the world.

Phil Fersht, CEO of HFS Research also echoes a similar sentiment. I strongly believe that it is the beginning of the end of The Great Resignation! However, the worry is all about Stagflation. Stagflation means slower economic growth, relatively high unemployment (economic stagnation), and rising prices (i.e. inflation). Stagflation was first recognized during the 1970s when many developed economies experienced rapid inflation and high unemployment as a result of an oil shock (Investopedia). Now similar sentiments are developing.  The misery index (sum of the inflation rate and unemployment rate) is growing. This is another issue.

Yesterday one of the big e-commerce giants posted a huge quarterly loss after 7 years. Many companies are struggling with demands for working from Home and unprecedented salary hikes even for the underserved. Yesterday Singapore PM warns of a global recession again. War, Covid-19 shutdowns, and commodity shortages are a few reasons for this drop.  Deutsche Bank economists predict "we will get a major recession" beginning in late 2023 or early 2024.

Keeping this view, students need to raise their knowledge bars.

Dear 2nd and 3rd Year Students

You are going to be recruited when things become worse. Hence focus on your certifications, internal projects, and internships. These 3 are highly critical to differentiate between best and average! Are you ready with this plan? If not, please do it immediately else you will succumb to this trap!  

Dear 4th Year Students

You are already working with your employer as an intern. Are you Dear to Your Boss? Else, you will end up Dear to your Loss? Make your employer appreciate your skills and efforts. Don’t ask for Hike! Ask for Mike (your voice should be heard across the organization)! Improve your communication skills. A lot of interns are at the same level in terms of technological skills. Your management and communication skills keep you on top of the ladder.

Are you prepared? If not, let’s build!

Don’t ask for Hike! Ask for Mike

Ravi Saripalle

Note: Opinions expressed by authors are their own.

Pics Source: Pixabay