The pandemic has created a nightmare job scenario for many of us this year — whether we’ve had to take a large pay cut, lost our jobs entirely, or found ourselves stuck in a job that we hate. With the job market looking as dismal as it is now, is there any hope? Personal finance expert (and friend of The Upgrade) Ramit Sethi says yes.
This week Ramit joins us to talk about just how we can land that shiny new job in a struggling economy with a step-by-step approach. Listen to hear Ramit’s tips on writing a great resume and cover letter, how to get clear on what your dream job actually is, and how to negotiate even when you don’t think you have leverage.
Highlights from this week’s episode
From the Ramit Sethi interview:
On the detail that most job-seekers tend to overlook when searching for a new job:
[W]e identified three career seasons. The first is this is when I was in my 20s, I was willing to work 60 hours a week, Saturdays, Sundays. No problem. I was in the growth season, OK? I want to grow. I want to grow my career, my income, my exposure. At a certain point, some of us switched to lifestyle. Maybe I want to take care of kids or elderly parents or I just want to go skiing more. That’s lifestyle. And finally, we’ve all heard stories about the lawyer who decided I want to become a beekeeper. That’s reinvention. So in order to find the dream job, you need to first really look inside and acknowledge which one are you…So you can see how when most people go to a job search site, they’re literally just typing in words and letting an algorithm control it. But the real dream job search starts from within. Who am I? What do I want?
On how to craft a stronger résumé:
Your résumé is something that’s totally within your control. Most people, when they put their résumé out, it has no narrative. It’s just, “here are some facts of what I did.” The challenge I would give to people is to execute the ten second resume test. Close your eyes, look at your résumé for ten seconds and then put it away and answer this question: Who is this person? So if your résumé doesn’t say exactly who you are and what you’ve accomplished, that’s an opportunity for you.
On how the mindset you should have going into a salary negotiation:
This is business, it’s not personal. And even if it was personal, think about what you’re communicating. You think you’re communicating, “Oh, I’m scared. Do you think maybe you could give me a raise?” What you’re really communicating is, “I’m valuable. You would be lucky to have me. And I’m interested in this job. And I think we could be a great partnership together.” That is high competence. So you need to really flip the way you pursue these jobs. If you’re pursuing it out of fear, of course, you’re going to get screwed. But you need to learn the skills of top performers, study the winners, and that’s how you get jobs for winners.
To hear more of Ramit’s tips on how to find and score your dream job, we recommend listening to the full episode.