Job Hopping and Global Economy Stalling: TOP 5 Trends  From  The World  Of  Work 

BANNER - Top 5 July 29 Trends from the world of work
This week, Danish companies banned from asking the age of applicants; the ice sheet melts at an alarming rate, and the global economy may be heading for a recession. Read this week’s trends from the world of work. 
July 29, 2022
Trending
Sustainability
Future of Work

Traditionally, employees were expected to stay at companies for decades – or, at least a few years. But job hopping has become increasingly common, and as a result, workers have the ability to gain new skills, gain deeper experience, and raise their salaries.

What else matters this week?

London may be as hot as Barcelona by 2050. Amazon Prime raises prices in Europe. McDonald’s, other consumer favorites, raise prices for the first time in decades. Green energy projects are facing local resistance in Europe. We’ve got a full breakdown of all the top headlines you can’t miss this week.

#1. Denmark bans companies from asking age of job applicants.


Companies in Denmark can no long ask applicants their age. The new law, which went into effect on Friday, aims to stop employers from rejecting applicants based on age. “I appreciate that this ban won’t do everything but it does send a strong signal,” Employment Minister Peter Hummelgaard said. “With this legislation, we want to avoid employers filtering their pile of applications by just looking at birth dates before reading through them, and that they actually address the competencies of the applicant.” Read more here.

Photo 1 - WEB SIZE

#2. The case for job hopping.


The traditional way of thinking dictates that employees should stay at a company for the long term – or, at least a few yeas. But workers switching roles are seeing much higher pay increases and other benefits. Anna, 29, a London-based digital marketer has had three jobs in the past 18 months. On top of the new experience and new skills, she’s also seen a 30% salary increase. “I simply wouldn’t be in the position I am now unless I kept changing jobs,” she explains. “I started at a small start-up, and have quickly worked my way up. Each role has been an upgrade on the one before – I wouldn’t be on the pay I am now by waiting for a promotion.” Read more at the BBC.

Photo 2 - WEB SIZE

#3. Global economy stalling, IMF warns.


The global economy may be facing one of its weakest years since 1970. We may be heading into a global recession, the International Monetary Fund’s chief economist says. The IMF lowered its projection for global gross domestic product growth in 2022 to 3.2%, which is almost half of last year’s projected 6.1%. The pandemic, the war in Ukraine, and the combination of slow growth and fast inflation have all weighed on countries’ economic expansion. Read more at CNBC.

Photo 3 - WEB SIZE

#4. Advice for handling busywork.


How many times have you been asked to plan a lunch outing, or make a presentation that few people will see? Workers, especially in corporate settings, often find themselves doing stuff at work that feels silly, inconsequential, or just besides the point. Busywork causes added stress for workers…but does it actually do anything for career progression? Most of the time: no. Prioritizing your time – and mental health – with assignments that will benefits your career in the long run is key. How do you do this? For one: provide alternatives to these tasks to your boss, create a rotating schedule for busywork on your team….and get comfortable saying no. Read more in the Wall Street Journal.

Photo 4 - WEB SIZE

#5. Major ice melt raises concerns about sea level rise worldwide.


The Greenland Ice Sheet saw a sharp spike in the rate and extent of melting last week: 18 billion tons of water running into the North Atlantic in just three days. That’s about 2.4 million Olympic-sized swimming pools…in one foot of water. There have been past melt surges, of course, but scientists are now warning of a “point of now return” for coastal cities like Venice, New York and Hong Kong. Read more at Axios.

Photo 5 - WEB SIZE

Related News and Research