In the Wake of COVID-19 — Is it Time for a New Career?
Dan Levenson September 02, 2021
COVID-19 changed how we work, shop, and educate our children. It also changed how we handle our finances, whether we’re getting an insurance quote, paying our bills online, or depositing our checks via a cell phone.
And for many people, the pandemic highlighted concerns about their careers. Some people struggled to make ends meet. Others found themselves weighing a paycheck against personal health concerns. And new behaviors lead to new solutions in terms of grocery delivery, curbside pickup, and sanitizer manufacturing.
- The pandemic seems to be coming to a close.
- And “help wanted” signs are everywhere.
- In other words, it might be time for a new job.
But that’s a scary move! So today, the team at Insureyourhome.com is here to help you weigh the pros and cons of starting a new career. From finances to flexibility, we’ll help you create a guide to finding a new career in the wake of a pandemic.
Does Your Current Hustle Pay the Bills?
Between three rounds of federal stimulus checks, eviction moratoria and help with utilities and groceries, most Americans made it through the pandemic well-fed and well-housed. But all these things will eventually come to an end. So you must understand your current budget before attempting a job search.
Create a Budget
Write down every monthly/yearly expense.
Be sure to include:
- Mortgage / rent payments
- Car payments
- Entertainment expenses (including all the streaming services or exercise programs you’ve started since the pandemic)
- Credit card payments
- Student loans
- All insurance bills, including auto, home, business, and life insurance policies
Now consider your current paycheck. If you’re paying extra on all your debts and managing to put some bucks away for emergencies and retirement, you’re in an ideal spot. This might not be a good time to switch careers.
Why? Because an entire generation of “Boomers” is retiring en masse! That means there will be lots of room for upward mobility — we mean promotions and raises — within almost every established organization over the next few years. So stay where you are and make that green!
Now, if you’re struggling to pay your bills and feed your family, it’s time to look around. All those extra financial benefits of the pandemic will be coming to an end.
Find Work that Pays Better
Regarding work that pays better, three years ago we would have said, “Easier said than done.”
But the pandemic changed the employment landscape so much. It’s far easier to find a better-paying job — complete with sign-on bonuses — post-pandemic. Start looking for work in person and online via job boards like Monster.com and Indeed. The work is out there!
And be sure to update your resume first.
An Updated Resume Should Reflect Your Real Objective
Sometimes our career choices aren’t about the money. Maybe you need weekends off for religious purposes, or perhaps your children are spending a lot of time in sports this year and you’d like to take part in that. If you need flexibility, be sure to mention it in the objectives portion of your resume. You should also include a few key skills you have or career experience you’d like to build on.
Remember that an updated resume is a vital tool in job-hunting today. If you’re unsure how to write one, spend a little time researching them online. There are also professional services that will help for a smallish fee, usually around $25.
Remember the Benefits
Lastly, before committing to any new job, we’d remind you to compare benefits from one company to the next. Your current employer might offer better group health insurance or a better dental plan, for instance. And these might be critical points of your employment search. It all depends on your family and budget, though. So start with a budget and work from there.
If you’d like to learn about careers in insurance or any of the insurance products we’ve linked here, contact us.