With job security being uncertain across a number of sectors, the American workforce is beginning to look toward career paths beyond their realm of expertise.
Kathyrn Minshaw, founder and CEO at The Muse, joined Cheddar News to offer some advice that could help make your transition onto a new career path easier. She noted that now is an opportune time for people to explore opportunities outside of their comfort zones.
"Make a plan. It is much easier to execute a career change when you have a really clear idea of where you're going to. So speak to someone to understand and really lay out what are your strengths. What are your transferable skills" she told Cheddar News.
She noted that connecting with former superiors and co-workers can help gauge where your strengths lie and areas you might need to improve.
When it comes to marketing and rebranding yourself, Minshaw said it is a "several step process."
One of the most important steps she mentioned was getting familiar with the industry you are interested in, including jargon and lingo that are common in the sector.
"Sign up for industry newsletters, read blogs about the potential career path you're looking to move into or print out job descriptions of jobs that you might want and highlight skills that you have and skills that you need," she added.
Minshaw also noted that keeping your resumé updated so it is reflecting the most accurate version of you is key to switching career lanes.
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As the country watches the financial situation and monitors decisions from the Federal Reserve, many may be re-evaluating what to do with their money, with interest and mortgage rates at some of the highest levels seen in decades. Mark Hamrick, Washington bureau chief and senior economic analyst with Bankrate, joined Cheddar News to provide tips on your money management as monetary policy continues to change.
A Dutch recruitment firm found that only 42% of employees who have been laid off this year actually received severance, down from 64% who received severance in 2021.
Direct deposit delays due to a human error that happened last week have resulted in some customers still not receiving their paychecks.
Nestle is reportedly investing $100 million in food delivery startup Wonder Group.
Arturo Béjar testified before a Senate subcommittee on Tuesday about social media and the teen mental health crisis, hoping to shed light on how Meta executives, including Zuckerberg, knew about the harms Instagram was causing but chose not to make meaningful changes to address them.
Nike is suing two of its competitors for alleged patent infringement.
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Cheddar News breaks down some of the top business stories to look out for, including WeWork's bankruptcy filing and fast-fashion retailer Shein reportedly expecting a $90 million valuation upon its market debut. Plus, a new EV truck will have a backup gas generator.
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