THE FIRST TAKE

Quitter's remorse: The workers who regret resigning

From BBC Worklife

In 2021, the Great Resignation saw over 47 million employees leave their jobs to pause their careers or pursue other positions. However, regret is on the rise among workers who left their old jobs for newer and supposedly better openings.

Workers are constantly feeling the pressure to quit their jobs or contemplate what they may be missing out on. If all your co-workers are quitting and finding new employment in a hot job market, shouldn’t this be a consideration of yours as well? After all, isn’t the grass always greener on the other side?

However, of more than 2,500 US workers, 72% said their new role or company was very different from what they had been led to believe, according to a 2022 survey by The Muse. Additionally, almost half of the respondents stated that they would like to get their old job back because of this.

With the ever-growing competitive nature of the current labor market, recruiters are using flashy sales pitches and a big pay raise—usually over-selling the position—to find new talent. However, these promises don’t always live up to expectations which can end in regret for new employees.

These feelings of regret are completely normal though, says Anthony Klotz, associate professor of management at Texas A&M University: “feeling out-of-sorts in a new role, and sometimes pining for an old job, is a process that can take up to two years while an employee builds up their social capital. Every company culture is different: you have to adjust and slowly build up your relationships, efficiency and effectiveness at the job.”

> Read more about quitter's remorse here

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THE SECOND TAKE

The newest TikTok trend is… Going into debt?

From SF GATE

It’s been popular lately for young people to showcase their lavish clothing and jewelry on the social media platform, but how do they afford these designer items or huge hauls? With the rise of “buy now, pay later” point-of-sale services such as Klarna, Afterpay, Sezzle and more, it’s becoming more popular to go into debt. The abundant video haul uploads on TikTok not only normalize spending more than your means but also glamourize the practice.

Generation Z has spent 925% more through point-of-sale services than in January 2020. The saying “It’s technically free” has gained traction when using these services, which incentivizes use.

Financial experts are also concerned about the way these services seem to specifically market to Gen Z consumers, who may not have the experience on how to use credit or understand the implications of having multiple loans simultaneously. 43% of Gen Z consumers who use a point-of-purchase service have missed at least one payment according to the polling site, Piplsay.

> Read more about it here