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- Productivity is down, costs are up — what that means for engineers
Productivity is down, costs are up — what that means for engineers
Productivity is down, costs are up — what that means for engineers
📊 This might be a bit of good news and bad news. The latest report from the US Bureau of Labor Statistics shows that across sectors, overall productivity is down so far in 2023 while compensation is up.
Perhaps that’s one of the causes for some of the tech layoffs (in addition to them just hiring too many people during the pandemic), but there is more to the story.
Compensation is still as high as it’s ever been, especially in the engineering world. Good news for you!
But that means something else - if you are working as an engineer, you need to show your worth. If you are an average or low performer, there could be challenges coming your way.
You have an opportunity to make sure you are one of the most productive people in your team and organization. Productivity should not be lower because of you!
And remember - productivity doesn’t mean being busy. Productivity means getting the most important things done.
What will you accomplish today?
This week’s hottest jobs
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Career tips
𐄳 How engineers can land jobs with limited experience
When you are just starting your career or transitioning between industries, it can be a challenge to find a job if you have limited experience in that field. I'm not going to sugarcoat it - it is quite hard for many people.
Sometimes it seems like the “chicken or the egg” problem - you need a job to get experience, but nobody seems to want to hire you if you lack experience!
While it can be difficult, it is certainly possible and everything can be worked out, especially if you have the determination and mindset to accomplish what needs to be done.
Many people have done this before and most of the principles that we can apply are the same as traditional job transitions.
To do this, you must establish these 3 things:
Determine what you truly want to do so you have clarity on which career path to pursue.
Identify your existing skills and abilities, as well as skills you can further develop to increase your value to potential employers.
Most importantly, network with friends, colleagues, and contacts to build relationships that could lead to job opportunities.
When people get to know you and who you are as a person, they will be likely to recommend you to employers or let you know of opportunities that might be a fit.
This approach is much more fruitful than endlessly scrolling through job ads and applying to whatever you see available. Sometimes you just have to find and talk to those people who are willing to give you a chance.
The more you talk to people, the more chances that you can find those who will see your growing value. Keep working on it, keep believing in yourself, and see what can happen because of your efforts.
📒Finally, I invite you to not give up — work hard at this and get ready to land your first (or next) engineering job!
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“Work to become, not to acquire.”
Elbert Hubbard
book recommendation
Stolen Focus explores the forces at work that are keeping us from truly focusing. We often think that a self-help or productivity hack will do the trick for us, but like many of us, it rarely seems to work. Our willpower is not enough.
In the United States, teenagers can focus on one task for only sixty-five seconds at a time, and office workers average only three minutes. Not great.
This book argues that our focus is actually stolen by powerful external forces that have left us vulnerable to corporations who want to use our attention for profit.
But in the end, Hari shares his approach on how we can reclaim our focus — as individuals, and as a society — if we are determined to fight for it.
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