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A Job, A Career… Which Do You Really Want? Why?

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When someone asks me for job search advice, my first question is: What are you looking for? A job or a career?

So we are on the same page:

  • A career is a professional journey centred around a particular field, industry, and skill set.
  • A job is an activity you do for an employer for money.

Earning money is the primary goal of every career and job. I have yet to meet anyone who would do their career or job for free.

Increasingly, I am seeing job seekers searching for career jobs (e.g. marketing, social media management, financial services) but who are not career-driven, which savvy hiring managers take into account when assessing a candidate.

 

INTERVIEWER: “I see you got your PM certification in 2014; how have you been updating your knowledge and skills since then?”

 

INTERVIEWER: “Are you a member of any industry associations? Do you sit on any boards?”

 

Despite what your well-meaning parents, high school guidance counsellor and social norms have told you, it is okay not to want a career—careers are not for everyone. So long as you can support yourself financially doing a job (e.g., carpenter, bricklayer, server, taxi driver, warehouse picker, mechanic), which you absolutely can, you do not need “a career.”

Career success involves climbing a ladder and navigating cutthroat office politics, which is not everyone’s cup of tea. I have been knocked off “the ladder” more than once. In increasingly hostile workplaces, where everyone is fighting for survival, job seekers would greatly benefit from reflecting on whether they have the ambition, skills, social acumen, and mental fortitude to maintain a career.

Few people ask themselves, especially in their late high school years, whether they want a job or a career when it comes to earning a living.

It is never too late to reassess whether you want to remain in your career versus finding a job/learning a trade by asking yourself, “Is the juice worth the squeeze?” I know several people who have given up their careers and opted for a job where they can clock in and out, resulting in less stress, being happier, and even making more money. Do you know what an AZ truck driver can make these days?

Generally, people underestimate how difficult establishing and maintaining a career is. The time, sacrifices, continuous learning, and cultivating professional networks, particularly if you’re trying to break into a field other than IT, finance, or sales, takes effort. In hindsight, I admit most of my failures were due to underestimating the work required. My failures were caused by the leading reason people fail: Not working hard enough.

 

(Readers of my column know I don’t play the “I’m a victim!” game.)

 

There is no shame in not being career-driven. Millions of people live meaningful and fulfilling lives without a career. Perhaps it is just me, but I feel a waitress who smiles and makes small talk with a customer who appears lonely or sad makes the world a better place compared to a VP of Marketing whose job is to figure out how to manipulate consumers into buying products, often stuff we do not need which end up in landfills, or nutrient-deficient processed food, we should not be consuming.

 

Your parents’ definition of success and seeing what others have accomplished— whether they are happy and fulfilled is another matter—and, of course, your ego influenced whether you are now chasing a career.

 

Passion versus money is an internal debate that everyone has at some point in their life, if not throughout their life. From one side, you probably have parents, relatives, friends, and even strangers (I raise my hand) telling you to be realistic and find a well-paying job. However, on the other side, you likely have well-meaning friends, Internet talking heads giving reconstituted job search advice, and TED talks of successful people telling you that “following your passion is the foundation for success.” It is no wonder so many people anxiously question whether they should follow their passion, which is unlikely to earn them a living or choose a career that looks reasonably promising and has a somewhat stable future; this especially applies to artistic endeavours or being a social media influencer. Recently, I overheard someone say to a journalist who had been laid off, “Learn to code.” The advice was not encouraging, but it was pragmatic. Due to my pragmatic nature, I nodded in agreement.

 

“Being pragmatic is not surrender. Being pragmatic is not cynicism. Being pragmatic is not selling out. In truth, being pragmatic is often the only real path to progress in an uncertain, complicated world.” ― Tom C.W. Lin, Jack E. Feinberg Chair Professor of Law at Temple University’s Beasley School of Law.

 

The end goal of most people is to have a steady paycheck and benefits; hence, the question I mentioned earlier: Is the juice (a career) worth the squeeze? The competition for career jobs is fierce and likely to intensify. In contrast, competition for blue-collar jobs is not nearly as fierce. Do you know what plumbers make these days?

_________________________________________________________

 

Nick Kossovan, a well-seasoned veteran of the corporate landscape, offers “unsweetened” job search advice. You can send Nick your questions to artoffindingwork@gmail.com.

Business

Transat AT reports $39.9M Q3 loss compared with $57.3M profit a year earlier

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MONTREAL – Travel company Transat AT Inc. reported a loss in its latest quarter compared with a profit a year earlier as its revenue edged lower.

The parent company of Air Transat says it lost $39.9 million or $1.03 per diluted share in its quarter ended July 31.

The result compared with a profit of $57.3 million or $1.49 per diluted share a year earlier.

Revenue in what was the company’s third quarter totalled $736.2 million, down from $746.3 million in the same quarter last year.

On an adjusted basis, Transat says it lost $1.10 per share in its latest quarter compared with an adjusted profit of $1.10 per share a year earlier.

Transat chief executive Annick Guérard says demand for leisure travel remains healthy, as evidenced by higher traffic, but consumers are increasingly price conscious given the current economic uncertainty.

This report by The Canadian Press was first published Sept. 12, 2024.

Companies in this story: (TSX:TRZ)

The Canadian Press. All rights reserved.

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Dollarama keeping an eye on competitors as Loblaw launches new ultra-discount chain

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Dollarama Inc.’s food aisles may have expanded far beyond sweet treats or piles of gum by the checkout counter in recent years, but its chief executive maintains his company is “not in the grocery business,” even if it’s keeping an eye on the sector.

“It’s just one small part of our store,” Neil Rossy told analysts on a Wednesday call, where he was questioned about the company’s food merchandise and rivals playing in the same space.

“We will keep an eye on all retailers — like all retailers keep an eye on us — to make sure that we’re competitive and we understand what’s out there.”

Over the last decade and as consumers have more recently sought deals, Dollarama’s food merchandise has expanded to include bread and pantry staples like cereal, rice and pasta sold at prices on par or below supermarkets.

However, the competition in the discount segment of the market Dollarama operates in intensified recently when the country’s biggest grocery chain began piloting a new ultra-discount store.

The No Name stores being tested by Loblaw Cos. Ltd. in Windsor, St. Catharines and Brockville, Ont., are billed as 20 per cent cheaper than discount retail competitors including No Frills. The grocery giant is able to offer such cost savings by relying on a smaller store footprint, fewer chilled products and a hearty range of No Name merchandise.

Though Rossy brushed off notions that his company is a supermarket challenger, grocers aren’t off his radar.

“All retailers in Canada are realistic about the fact that everyone is everyone’s competition on any given item or category,” he said.

Rossy declined to reveal how much of the chain’s sales would overlap with Loblaw or the food category, arguing the vast variety of items Dollarama sells is its strength rather than its grocery products alone.

“What makes Dollarama Dollarama is a very wide assortment of different departments that somewhat represent the old five-and-dime local convenience store,” he said.

The breadth of Dollarama’s offerings helped carry the company to a second-quarter profit of $285.9 million, up from $245.8 million in the same quarter last year as its sales rose 7.4 per cent.

The retailer said Wednesday the profit amounted to $1.02 per diluted share for the 13-week period ended July 28, up from 86 cents per diluted share a year earlier.

The period the quarter covers includes the start of summer, when Rossy said the weather was “terrible.”

“The weather got slightly better towards the end of the summer and our sales certainly increased, but not enough to make up for the season’s horrible start,” he said.

Sales totalled $1.56 billion for the quarter, up from $1.46 billion in the same quarter last year.

Comparable store sales, a key metric for retailers, increased 4.7 per cent, while the average transaction was down2.2 per cent and traffic was up seven per cent, RBC analyst Irene Nattel pointed out.

She told investors in a note that the numbers reflect “solid demand as cautious consumers focus on core consumables and everyday essentials.”

Analysts have attributed such behaviour to interest rates that have been slow to drop and high prices of key consumer goods, which are weighing on household budgets.

To cope, many Canadians have spent more time seeking deals, trading down to more affordable brands and forgoing small luxuries they would treat themselves to in better economic times.

“When people feel squeezed, they tend to shy away from discretionary, focus on the basics,” Rossy said. “When people are feeling good about their wallet, they tend to be more lax about the basics and more willing to spend on discretionary.”

The current economic situation has drawn in not just the average Canadian looking to save a buck or two, but also wealthier consumers.

“When the entire economy is feeling slightly squeezed, we get more consumers who might not have to or want to shop at a Dollarama generally or who enjoy shopping at a Dollarama but have the luxury of not having to worry about the price in some other store that they happen to be standing in that has those goods,” Rossy said.

“Well, when times are tougher, they’ll consider the extra five minutes to go to the store next door.”

This report by The Canadian Press was first published Sept. 11, 2024.

Companies in this story: (TSX:DOL)

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U.S. regulator fines TD Bank US$28M for faulty consumer reports

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TORONTO – The U.S. Consumer Financial Protection Bureau has ordered TD Bank Group to pay US$28 million for repeatedly sharing inaccurate, negative information about its customers to consumer reporting companies.

The agency says TD has to pay US$7.76 million in total to tens of thousands of victims of its illegal actions, along with a US$20 million civil penalty.

It says TD shared information that contained systemic errors about credit card and bank deposit accounts to consumer reporting companies, which can include credit reports as well as screening reports for tenants and employees and other background checks.

CFPB director Rohit Chopra says in a statement that TD threatened the consumer reports of customers with fraudulent information then “barely lifted a finger to fix it,” and that regulators will need to “focus major attention” on TD Bank to change its course.

TD says in a statement it self-identified these issues and proactively worked to improve its practices, and that it is committed to delivering on its responsibilities to its customers.

The bank also faces scrutiny in the U.S. over its anti-money laundering program where it expects to pay more than US$3 billion in monetary penalties to resolve.

This report by The Canadian Press was first published Sept. 11, 2024.

Companies in this story: (TSX:TD)

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