#63 – To Take A Contract Or Not To Take The Contract – Ways To Determine If Contracting / Consulting Is For You

 

Episode Summary: 
Today we are talking about contracting and consulting today!
Reasons contracting might be a good option for you: 
1) You are chasing industries and you don’t have any experience in the new industry
2) Typically you do get more money
3) If you get bored after 6-24 months with a company or in a particular role and you feel you are changing jobs often because you’re bored and you need that change
4) You’re the type of person who likes to work for a variety of different companies
5) You want to work in different type of industries
Reasons why contracting might not be a good fit for you: 
1) If you are going to be constantly stressed out about your contract ending, you’re not sure what you’re going to do next and this will give you a ton of stress and anxiety
2) If you need certain benefits if you can’t get in a contracting role (hold for the myths section though LOL)
3) If you will have a fear of not getting a new contract when your current one is over (also this is the opposite of having an abundance mindset
4) If you are the type of person who wants to find a really great company and stick with that company into retirement
Contracting Myths 
1) Contracting doesn’t offer stability – while I agree with this to an extend, I also don’t think full time positions can offer or guarantee stability. While you could get hired with a great company that’s been around a long time, you never know if there will be a merger / acquisition or they aren’t performing and then there will be layoffs.
2) Benefits – you definitely can get benefits as a contractor. Often the consulting company offers them or you can get them directly through an insurance broker. Cost is something to consider. Let’s break down some math! Don’t turn me off yet!!
Your salary: $100,000
5 main benefits: medical, dental, vision, 401(k), PTO / Vacation
PTO / Vacation – typically 2 or 3 weeks
2 weeks = $3,900
3 weeks = $5,800
401(k) – 3% match
401(k) = $3,000
Already with 3 weeks vacation and 401(k) we are up to $8,800
I have paid $200 or less each month for medical
Let’s say $400 for medical, $100 for vision, $100 for dental (both vision and dental is really high)
$600 a month x 12 (a full year) = $7,200
Each year you are paying with 3 weeks PTO / Vacation $5,800, $3k in retirement, $7,200 for heath/dental/vision
= $16,000
Now if you’re contracting:
$48.08 gets us to $100k each year
Side note: generally I bump my hourly rate at least 20% from my annual salary to pay myself for own benefits. So if you’re making $100k you would be looking for $120k which hourly would be $57.69 an hour.

You can find the full episode on iTunes here:

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#62 – Let’s Talk Cover Letters: How to Write A Cover Letter / What To Include / Etc

 

Episode Summary: 
Have you ever been curious on how to write a really amazing cover letter?
Today we are talking about cover letters and answering some of these questions:
Are they important?
Should I write one?
How much time should I take on one?
What should I include?
Question 1: Should I write a cover letter?
Answer: Maybe. Most recruiters do not read cover letters if I am being totally honest.
That being said, there are some hiring managers out there that want to see cover letters.
Question 2: What should I include in my cover letter?
Answer: They should be brief and you want to remember you are writing TO someone.
Include:
  1. An attention grabbing paragraph – try asking a question
  2. Accomplishments paragraph
  3. Company paragraph
  4. Position paragraph
Keep in mind – cover letters should be brief, the paragraphs should be 2-3 sentences each.
Make sure your cover letter is talking to someone and telling a story.
Also, if you can’t dedicate the time to write a good cover letter, I wouldn’t waste the time forcing a bad one.

You can find the full episode on iTunes here:

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#61 – How To Leverage LinkedIn While Job Hunting / Searching

 

Episode Summary: 
Have you ever been curious as to whether or not you are leveraging LinkedIn to the extent you can during your job search?
6 Ways To Leverage LinkedIn While Searching For A New Job / Career 
  1. Turn on your job preferences so other recruiters or hiring managers know you are open to new opportunities
  2. Find and apply for jobs
  3. Research contacts at the companies you want to work for
  4. Reach out to those contacts
  5. Reach out to people who are in jobs that you would want
  6. Research a company’s structure / company culture / reporting / titles / etc.
Reminders: 
  1. Make sure your profile is up to date
  2. Make sure you have an updated headline
  3. Have a creative / catchy headline
  4. Have a professional and clear picture

You can find the full episode on iTunes here:

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#60 – What To Do After Getting Negative Feedback

 

Career Deep Dive Academy: 

Episode Summary: 
Have you ever received negative feedback?
Or even a bad review?
And you weren’t sure what to dwith that information?
Today we have 16 points on how to handle feedback.
  1. Remaining calm
  2. Take the time to reflect and evaluate before you react
  3. Reminder: perception is reality
  4. Do not argue
  5. Feedback is a really, really good thing – even if we don’t agree with the feedback being given
  6. Look at the data
  7. Ask a lot of questions
  8. Learn
  9. Honestly ask yourself, what are the truths in the negative feedback you received?
  10. Asking for help if you need it
  11. Asking yourself and others what your blindspots are
  12. Create a plan to improve
  13. Set clear expectations and goals moving forward
  14. Set follow up progress conversations
  15. Reminder: if you need to vent, try and make sure it’s not with work colleagues
  16. Reminder: when we are getting feedback, we can get better or we can get bitter

You can find the full episode on iTunes here:

How to leave an iTunes podcast review from your iPhone: 
Go to the podcast app on your phone.
In the bottom toolbar, tap search.
In the top toolbar, enter the name of the podcast.
Hit the podcast show graphic (not the episodes themselves).
Go to reviews.
Tap “write a review”
I would be forever grateful if you could leave a review so others can find this helpful information.

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#59 – Leadership Changes


Career Deep Dive Academy is now OPEN!! 
Learn more here:

Episode Summary: 
Ever had a leadership or management change?
Were anxious or frustrated?
Not sure how to navigate the situation?
I got you 😃
What we want to make sure we are doing during a leadership / management change: 
  1. Be honest
  2. Being forthcoming
  3. Be open to the change
What you should be communicating to your new manager / new leader: 
  1. Priorities
  2. Career aspirations
  3. Goals
  4. Clear expectations
  5. Motivators
  6. Communication style and / or your communication preference
  7. Have meaningful conversations
Positive things about leadership / management changes: 
  1. Opportunity for a fresh start
  2. Opportunity or ability to have a new perspective
  3. Being able to have priorities aligned or even re-aligned
  4. Opportunity to improve a process or workflow that might not make sense
  5. Increase team morale
  6. Management / leadership style change
Potential challenges we might face when we have a new leader or manager: 
  1. Team morale could decrease
  2. Change management
  3. Management or leadership style
  4. Increase stressed or concern
  5. Risk of increased turnover

You can find the full episode on iTunes here:

How to leave an iTunes podcast review from your iPhone: 
Go to the podcast app on your phone.
In the bottom toolbar, tap search.
In the top toolbar, enter the name of the podcast.
Hit the podcast show graphic (not the episodes themselves).
Go to reviews.
Tap “write a review”
I would be forever grateful if you could leave a review so others can find this helpful information.

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