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04/02/2013

With Temporary Staffing Sweeping The Nation Become An �Entre-Employee�

More than 12 million Americans are jobless and 40% of these individuals have been out of work for more than six months. The U.S. economy overall may be improving but many Americans still cannot find a job. This trend will only continue in the foreseeable future says James Altucher, managing director of Formula Capital, an asset management firm. The author and venture capitalist says that the U.S. is moving toward an �employee-less society.�

He asserts that businesses used the 2008 financial crisis as an excuse to get rid of �dead-wood,� and the firing trend hasn�t stopped. Companies no longer show loyalty to employees. They�re more interested in increasing profits and revenue � which means letting go of expensive staff employees (due to health care benefits, 401k contributions) and replacing them with cheaper temp employees. Altucher says this situation is happening in every sector of the economy. And he should know, as he sits on the board of a publicly traded temp-hiring firm.

The changing employment climate has made Altucher an advocate of employees quitting their jobs. He lists ten reasons why workers should give their two-week notice:

  The middle class is dead

  You�ve been replaced

  Corporations don�t like you

  Money is not happiness

  Count right now how many people can make a major decision that can ruin your life

  Is your job satisfying your needs?

  Your retirement plan is

  Excuses

  It�s OK to take baby steps

  Abundance will never come from your job

Of course, packing up your cubicle and leaving a steady paycheck is a lot easier said than done. Even if an employee waits to be fired to collect unemployment benefits, the weekly sum will be much less than one�s current take home pay.

So Altucher offers a compromise: stay at your job but become an �entre-employee.� By this he means building connections and networking with employees in other divisions, or even starting another business on the side.

�Look for alternative sources of income,� he advises. �Learn your employer�s connections and expand your services, because you can�t relax anymore. You have to stay ahead of the economy.�

Altucher says the techniques he preaches work � he has applied them to his own career with success.



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