Published on: 14 February 2019
Last Updated on: 15 July 2024
As company culture is changing across US workplaces, potential employees are being more choosy about the things they’re looking for from an employer. Employees needs are different today, and so are the benefits people are looking for. To attract top talent, you’ll want to offer a strong benefits package with benefits employees are actually looking for. Recruiters are working harder to find top talent by helping companies create more attractive benefits offerings.
Benefits Offerings Should Change With the Times
In a recent survey by GlassDoor, approximately 60% of those asked said they strongly consider benefits and perks before accepting a job offer. A full 80% said they would prefer better benefits over a bump in pay and feel valued when employers offer good benefits. Job seekers are looking for a robust benefits package, that includes at least some of these.
Benefits that Employees Actually Look For:
Flexible Work Schedule:
This might mean the ability to work from home or adjust your work schedule on occasion. The goal is for employees to achieve a better work-life balance, especially those with children. Companies like Netflix are leading the industry in employee flexibility, giving workers autonomy to create a schedule that works for them, while still being productive. It may mean that parents of young children come in earlier than their co-workers and leave earlier to pick their kids up. This flexibility also allows for self-care and a sense of independence and helps companies attract and retain top talent.
Good Health Benefits:
Employees are not interested in bare-bones, fall down and break something insurance policies or those with high deductibles. More businesses are listening and offering more benefit-rich insurance, with the option for Flexible Spending Accounts or a wider variety of plans to choose from. Employers can also opt to cover a portion of employee’s coverage as a benefit. Health insurance may be the most expensive perk that you can offer employees, but it is one of the most important.
Better Vacation Time:
Employees want to be able to take time off as needed. Americans are notoriously bad at using vacation days and leave $224 billion dollars in vacation time behind annually. More companies are beginning to adopt open, or unlimited, vacation policies. This can be a win-win for both employers and workers, saving an average of $1,898 per employee annually. Companies save time and money by no longer having to track employee vacation or having to pay out unused vacation days. Employees benefit by taking days as they need them, delivering more flexibility and autonomy. It sends a message to employees that the company trusts them to make their own decisions, so long as their work is not affected.
Other Perks:
Things like paying for parking, offering tuition assistance or a free gym membership also rank high on the list for employees. Small gestures like free snacks go a long way with employees, making them feel valued. If you aren’t working hard to create meaningful personal connections with your employees, you are making a mistake. Showing genuine interest in them, and their families if applicable, goes a long way.
By offering meaningful benefits for your employees, you’ll boost morale, and retain a better workforce.
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A 2 week notice letter is a resignation notice that you offer your employer to leave your job professionally.
Basically, most companies allow their employees to serve a two-week notice period before they leave their jobs. In some cases, it might extend to four weeks. Within this time, you offer your employer to find a suitable replacement.
In this article, you will learn about the importance of a 2 week notice letter. Apart from that, you will also learn how to write and submit this letter to your employer.
Moreover, this article will guide you on what to include in that letter. Hence, to learn more, read on to the end of the article.
What Is A 2 Week Notice Letter?
Before you leave your job, you must offer your employer advance notice that you are about to leave. Generally, this notice can be issued for either two weeks or a month. You can also ask for future references once you maintain professionalism and serve the notice period.
If you leave your job, you must understand the necessity of offering a resignation letter to your employer. Hence, you must write a courteous and professional letter that leaves a good impression about you.
Moreover, once you offer your 2 week notice letter to your employer, you are giving time to your employer to find a suitable replacement. Meanwhile, your employer can also consider training another staff member who will take up your responsibilities.
In most cases, this process is a professional courtesy. However, in other cases, you must offer the 2 week notice letter if you want to resign from the position formally. For instance, serving a two-week notice period in many employment terms is a compulsion. This ensures that the resignation process is formal.
On the other hand, some employers might allow you to use your vacation days as your notice period. Then, you can leave immediately.
Apart from that, if you serve your two-week notice, you get the time to complete your work obligations. This way, you also offer your employer the chance to hire a replacement for your position.
Factors To Consider Before You Write A 2 Week Notice Letter
The following are the major factors you must consider before you write a 2 week notice letter to your employer:
1. Manage Your Resignation Professionally
If you offer immediate resignation, you must include valid reasons like health problems, relocation, etc. In this case, make sure to manage this resignation professionally.
This will help you preserve future relations and get job references. Hence, you must understand how to quit a job professionally and gracefully.
2. Review And Seek Guidance
Sometimes, you might not have the time to serve your notice period. Hence, in such cases, before you submit your resignation notice, consult with your HR, review your contract, seek guidance, or inform your employer directly. This will help you better understand what you need to do in the given situation.
3. Ensure Professionalism
As you type a resignation letter, use professionalism in your language. Also, if you are offering a resignation in person, state your reasons respectfully. Moreover, you must also take steps to address your concerns, express gratitude, and ensure accuracy.
Write A 2 Week Notice Letter: Step-by-Step Method
The following are the steps you must follow if you want to write a good 2 week notice letter to your employer:
📜Address
Ensure the letter contains the date, company name, and your manager’s name. Here, the person you are addressing can change. Generally, in most cases, this will be your supervisor.
📜 Resignation Reasons
Try to make your resignation short and compact. However, make sure to mention valid reasons as well. For instance, in the opening lines of your letter, state you are informing your employer that you will resign in two weeks. Moreover, make sure to include and specifically mention when you will work your last with the current organization.
📜 Express Gratitude
In the middle portions of your letter, thank your employer for the opportunities. Also, offer a thanks for all the experiences. Here, you also need to add the reason for your departure. Here, consider explaining those reasons in brief.
📜 Mention the Next Steps to Your Employer
When you close your letter, inform your employer that you are willing to perform the necessary duties and comply with the organization’s conventions. Also, offer help to assist in the transition process.
📜 End Your Letter Professionally
You must conclude your 2 weeks notice letter formally. For instance, you can use words like “Sincerely,” and sign your name accordingly. Apart from that, do not forget to mention your current position and your employee number.
What to Do When You Cannot Submit a 2 Week Notice Letter?
You might face a situation where you must resign immediately without serving your notice period. Hence, in such situations, you must consider following the process so that it does not cause a lot of inconvenience or conflict.
This is because maintaining cordial relationships with your employer is important. This will help you get better references in the future. For example, you might need a reference letter from your employer to rejoin the company.
The following are the factors you must consider if you want to leave without submitting a 2 week notice letter:
1. Read Your Work Terms/Contract
According to Indeed.com,
Many employers include the statutory minimum notice period they expect from resigning employees in their work contracts. In normal circumstances, it is a professional courtesy to inform the employer of your intention to leave one to three months in advance and give them the notice in writing.
Hence, you must read your work contract properly. This way, you can find essential information about your notice period. Also, you can find out whether there are some clauses to leave immediately or not. Moreover, read the clauses that talk about working with industry competitors.
Furthermore, in some cases, certain employers will require you to wait for some time before you start working with a competitor. Hence, you must know about these in detail.
2. Talk to Your HR Manager
Your HR manager knows a lot about the work policies and terms. Hence, the best option is to ask them what you can do if you cannot serve the notice period for your employer. This way, the HR manager will guide you and offer you a way out.
Also, clarify to your HR manager that the matter is confidential and that you want to inform your employer yourself. Hence, HR will guide you in such situations with the best options if you want to leave immediately.
Related: Utah PEO: Your Partner In HR Excellence
3. Talk To Your Employer
One of the ways to approach your employer is to talk directly. Just go to them by requesting a meeting and inform them of your situation. Here, explain your reasons in detail and offer reasons why you need to leave this job immediately. In this case, keep an honest and professional approach.
Basically, you must make them understand that your only option is to resign from the job immediately in this circumstance. Also, be willing to complete your pending tasks before you leave.
4. Get Advice from Your New Employer
You must also discuss the situation with your new employer by telling them the repercussions of not serving the notice period. For instance, if they want you to join their organization immediately, ask them to write you a letter stating this. Then, you can forward this letter to your current employer.
As a result, this will act as a better situation where you can resign from your job without a big issue.
Create Your 2 Week Notice Letter Now
If you want to create a 2 week notice letter, follow the instructions in the above section. However, if you cannot serve the notice period, make sure to talk to your employer and HR in person. This way, you can resolve the situation faster.
Do you have more suggestions about how to write a 2 week notice letter? Please share your ideas and opinions in the comments section below.
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Is investment bankers/brokers/service a good career path in 2023? How many jobs are available in investment bankers/brokers/service? What are the best paying jobs in investment bankers/brokers/service? Let’s discuss these queries in detail.
Banking careers refer to any kind of position within a financial institution. For example, some of the top banking careers include bank administrators, trust and investment bankers, major banks, bank tellers, commercial banks, etc.
Before considering banking as your career path, you need to understand all the pros and cons of this sector, and then you can pursue the same in the long run.
Investment Bankers/Brokers/Service - All You Need To Know
An investment banker is a person who works for a financial establishment and is essentially concerned with building capital for governments, corporations, and other entities.
An investment broker is an institution or a person who conducts investment transactions on behalf of a client. These types of brokers work for a large brokerage firm.
On the other hand, investment service is a general term used to describe the complete range of activities related to investments in financial instruments.
This banking denotes a financial service that produces capital for organizations and individuals by counseling on marketing plans that can maximize their returns and reduce their risks.
Moreover, investment bankers provide assistance for restructuring, acquisitions, and mergers. The best advantage of being an investment banker is that you get the opportunity to learn from big and real corporate transactions.
Is Investment Bankers/Brokers/Service A Good Career Path In 2023?
The answer to this question is an absolute Yes. Many individuals consider this as their career path just for the sake of money. This banking career attracts people who are:
Interested in specific exit opportunity
Interested in deals rather than simply following the market
Solid in terms of reading and writing
Extremely attentive to detail
Competitive
High achievers who are willing to work for long hours.
Investment bankers/brokers/service can be a well-defined career path with high packages, offering life insurance, medical, and other benefits. These institutions also offer many opportunities for advancement, and many banks pay for talented employees.
On the other hand, the banking sector is an excellent career path, but there are many disadvantages. One such con is serving the public which can, in turn, be an extremely stressful task.
How Many Jobs Are Available In Investment Bankers/Brokers/Services?
An investment banking career can be extremely demanding, with analysts working a hundred hours a week. Till 2028, the career is expected to grow by 4% and produce more than 18k job opportunities in the US.
Now, let’s discuss the top paying jobs in investment bankers/brokers/service.
1. Financial Advisor
Financial advisors get unlimited earning potential via incentives, pay structures, and commissions. You need to work closely with the clients and build genuine relationships to deliver purpose-based and personalized guidance that’s aligned with their values.
At the same time, you need to achieve important monetary goals and meet individually with the clients to determine their financial assets, expenses, income, risk tolerance, and objectives.
2. Relationship Banker
Relationship bankers should have experience in financial services and knowledge of the same industry. To get this job position, you need to have a bachelor’s degree or a business-relevant associate degree such as finance, business administration, and business management.
At the same time, you must apply strong critical thinking and problem-solving skills to meet clients’ needs. You must also have the ability to learn and adapt to new information and technologies.
3. Capital Markets
Capital markets consist of both debt and equity markets where the team advises the client on the most appropriate issuance, valuation, and appropriate time.
This is one of the best paying jobs in investment bankers/brokers/service. They help companies develop the execution and origination of equity offerings such as convertible notes, follow-ons, IPOs.
4. Mergers And Acquisition
Mergers and Acquisitions are responsible for servicing the client strategically and acting as an advisor in negotiations, structuring, and facilitating valuation.
To get a role in this career path, you must have a minimum of 4-5 years of experience in financial services. This division is one of the top sources of revenue for investment bankers across the world.
5. Insurance Marketer
Insurance Marketer specialists are responsible for creating, strategizing, and implementing marketing campaigns that support growth and business development.
You also need to meet the designated sale quota by customizing the marketing plan in order to sell insurance goods to individuals or businesses on behalf of the insurance company.
What Are The Best Paying Jobs In Investment Bankers/Brokers/Service?
Now that you know what this sector is all about, You might be thinking about which job pays you the most in this area. Well, worry not, as I have you covered!
Here are the jobs in this sector that pay you the best:
1. Investment Banker:
Investment bankers play a crucial role in driving financial transactions within the capital markets. They offer expert financial advisory services and facilitate various transactions, including mergers, acquisitions, initial public offerings (IPOs), and debt and equity financings.
These financial professionals meticulously analyze market trends, assess investment opportunities, and craft tailored financial strategies for their clients. Given the intricate nature of their work and the high level of expertise required, investment bankers often command substantial salaries, reflecting their pivotal role in propelling major financial transactions.
2. Stockbroker:
Stockbrokers serve as intermediaries, bridging the gap between investors and financial markets. Their primary responsibility is to facilitate the buying and selling of securities, such as stocks, bonds, and mutual funds.
In addition to executing trades, they offer valuable investment advice and adeptly manage portfolios on behalf of their clients. Leveraging their profound knowledge of financial markets, effective communication skills, and adeptness in navigating intricate investment strategies, stockbrokers often earn competitive salaries, which may include commissions tied to transaction volumes.
3. Wealth Manager/Private Banker:
Wealth managers and private bankers cater specifically to high-net-worth individuals, delivering personalized financial counsel, meticulous portfolio management, and strategies to preserve and grow wealth.
They embark on a comprehensive journey by analyzing clients' financial aspirations, assessing risk tolerance, and recommending tailored investment opportunities. The trust vested in their expertise and their ability to manage substantial assets is reflected in their attractive salaries, signifying the level of responsibility and specialized knowledge they bring to the table.
4. Financial Analyst:
Financial analysts are the driving force behind in-depth research on companies, industries, and investment prospects. Their responsibilities include dissecting financial statements, scrutinizing market trends, and formulating investment recommendations grounded in their extensive findings.
Armed with robust analytical skills, unwavering attention to detail, and the capacity to provide invaluable insights, financial analysts in investment banking and financial services often command competitive salaries for their prowess in evaluating investment prospects.
5. Compliance Officer:
Compliance officers occupy a pivotal role in guaranteeing adherence to regulatory requirements and industry standards across investment banking, brokering, and financial services.
They are instrumental in designing and implementing comprehensive compliance programs, conducting thorough risk assessments, and vigilantly monitoring internal processes. Their profound expertise in regulatory compliance and their ability to mitigate legal and reputational risks make compliance officers highly sought-after, with their salaries reflecting the critical role they play in upholding the integrity of financial services operations.
6. Hedge Fund Manager:
Hedge fund managers shoulder the responsibility of steering investment portfolios on behalf of clients, often high net worth individuals or institutional investors. Their roles encompass the development of intricate investment strategies, analysis of market trends, and the formulation of investment decisions geared toward maximizing returns.
Given the intricate nature of their work and the potential for substantial profits, hedge fund managers frequently earn significant salaries, which may include performance-based bonuses.
The Final Verdict
Is Investment Bankers/Brokers/Service A Good Career Path in 2023? I hope you have got an answer to your above question. Investment bankers are one of the great career paths that you can consider in the long run. Besides, let me know your doubts in the comment section below if you come across any.
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Your employees, especially the best-performing ones, mean a great deal to your company. This means that losing them can significantly affect productivity and may eventually cost your company. Apparently, retaining the best employees simply translates to an increase in product sales and a bunch of satisfied and happy people working for you.
In an ideal world, employees won’t find reasons to quit your company. However, that’s not always the case in reality. So just how are you going to entice your best employees to stay? You’ll be surprised at how many more things you can do, aside from increasing their pay, to retain top staff!
1. Recognize Employees’ Efforts:
If you want to succeed in business, you’ll have to understand the value of recognizing others’ good work. When you appreciate and recognize a top employee’s efforts, this confirms their value and purpose in your organization. Eventually, this motivates them to increase their productivity and maintain or even improve their quality of work. Sometimes, a pat on the back can make a huge difference to a thriving employee.
When you praise an employee for his or her efforts, be sure to thank that person by name and state specifically what is being recognized. Also, point out what value it adds to a project or the team in general. Employees become more engaged when their leaders celebrate their successes, whether individually or as a group, from time to time.
2. Avoid Forgotten Benefits:
It’s easy for most employees to forget what benefits their organization offers—even the management can make the same mistake! To help your employees remember the benefits they are entitled to, make sure to provide your staff with a transparent view of these perks. Help them understand what these perks are about and how your employees can avail them. And don’t just deliver the information for both the first and last time. Remind them on these offers frequently, especially at key milestones in their career and personal life.
For instance, sick employees may forget they are entitled to free medicine at the clinic or free use of medical equipment, such as a SpO2 pulse oximeter, thereby keeping their illness untreated and compromising their quality of work. Reminding them of their health benefits should go a long way in helping to retain your best employees.
3. Get on a Personal Level:
Many employers often make the mistake of treating employees like mere employees. To get your best staff to stay in your organization, make an effort to get to know them on a personal level. While there are boundaries to this, building personal relationships often cultivates trust and rapport between employee and leader, improving one’s quality of work and increasing productivity in the long run.
There’s so much you can do to get to know each member of your team better. Whether it is over video-conferencing equipment or a personal meeting at a nearby coffee shop, staff meetings would be a lot more fun and exciting when you can discuss other things aside from work, such as everyone’s favorite celebrities or their go-to weekend hobbies.
4. Get Them to Speak Their Mind:
You know what they say—two heads are better than one. There is a reason why there are people working for you, and that’s so they can help your business achieve its goals and desired outcomes. Whether it be ideas for a certain project or reactions to how the company is being managed, your employees’ thoughts matter. Provide an accessible platform where they can share their ideas and then offer feedback. Doing so will not only encourage them to speak up but will also engage employees and give them a reason to stay in your company longer.
While we can’t force an employee to work for your company for the long haul, the least you can do is to make an effort to listen to your employees and to encourage them to be their best selves each day.
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