Seasonal Unemployment – Definition, & Examples [Complete Details]

20 December 2021

Seasonal unemployment could be a big issue because work is only available for a few months a year. However, such a situation is only temporary, and employment reverts to normal thereafter.

Many workers are adapted to seasonal unemployment as they work heavily when the demand is high and save up much of their earnings. Then, they utilize those savings in the off season.

Moreover, there are many opportunities and benefits in seasonal unemployment. One of the best parts is that it is clearly predictable.

What Is Seasonal Unemployment?

Seasonal employees are also known as temporary employees, and they qualify for unemployment benefits at the end of their job specifications. This can also offer exciting opportunities to work in special settings and perform job duties that relate to a particular time of the year.

Seasonally unemployed individuals can simply look for employment opportunities or part-time jobs as they know well that their job is temporary and they need money for their daily livelihood.

On the other hand, unemployment falls during Christmas because extra jobs are available. Thus, this could be the month where workers can earn maximum profit and utilize the same when they have no jobs.

Seasonal Unemployment Benefits

Seasonal unemployment only occurs when the season ends, which is usually predictable, as discussed above. However, to make your efforts easy, we have listed some of the top seasonal unemployment benefits that you must know in 2021.

This can be the best period for you where you can actually build your skill sets that can be utilized for other career paths. For example internship, fixed-term hires, etc.
There are many who are happy with seasonal unemployment because they have many other important things to do apart from their job life.
This is better than complete unemployment as the labor force would earn wages for at least a part of the year.
Earning very high when the workers are temporarily employed can be a great source of income even better than those who are employed for the whole year.
This unemployment is common and predictable. You can take all the necessary steps beforehand.

Seasonal Unemployment Limitations

Yes, there are some limitations of seasonal unemployment that we have discussed below!

One major disadvantage of seasonal unemployment is that it is the same as other unemployment. The workers or the employees here face personal hardships during the time they are unemployed.
Even some employees might not find jobs that last the whole year.
Another limitation of seasonal unemployment is that there is lost production. This means that the producer is not able to produce goods when there is seasonal unemployment.

Seasonal Unemployment Examples

Some of the top examples of seasonal unemployment are Holiday, Theme Park, Agriculture.

Agriculture: Some farmer’s markets end during the last week of August. AS the farm only yields crops that grow in the summer seasons.
Holiday: Seasonal unemployment occurs when the holiday performance of any show ends. There are many individuals behind the performance and they earn a good sum of money.
Theme Park: Theme park is also another kind of seasonal unemployment that many of you are aware of. Besides, tourist destinations can also be an example of this type of employment.

What Is The Difference Between Disguised Unemployment And Seasonal Unemployment?

Disguised Unemployment	Seasonal Unemployment
In this, marginal labor productivity is null. The individuals appear to be employed but are not employed.	In this, individuals cannot secure jobs during certain months of the year.
The job needs the service of 5 individuals, but eight individuals are involved.	There are many productivity phases when weaving, threshing, sewing, and harvesting are done.
Located in rural areas.	Located in both rural and urban areas.
Found mainly in agriculture.	Found mainly in the agro-based sector.

Frequently Asked Questions (FAQs)

1. Seasonal Unemployment Refers To

Ans: Seasonal unemployment refers to the time period when the demand for labor or workforce is lower than normal under certain conditions.

3. The Problem Of Unemployment Comes Under Discussion

Ans: The problem of unemployment comes under poverty. Unemployment causes a decrease in production and less consumption of goods and services by the people.

4. Where Is Seasonal Employment Found?

Ans: Seasonal Unemployment is mainly found in rural areas because their major occupation is agriculture.

The Final Thoughts

Seasonal Unemployment is popular across the world, and you must know about the same. For those who earn very low wages, seasonal unemployment can be a major problem for them in the long run. It can become very difficult for them to manage everything at the same time. Besides, let me know your doubts in the comment section below if you come across any!

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Effective Time Management Tips for Entrepreneurs Scaling Their Business

As an entrepreneur, the journey of scaling your business is exhilarating yet demanding. With growth comes increased responsibilities, more tasks, and greater demands on your time. Effectively managing your time becomes paramount to not only survive but thrive in this dynamic environment. Here are some valuable time management tips explicitly tailored for entrepreneurs on the path to business expansion. This article will also look at the benefits of dedicating some of your valuable time to giving back to society and helping others along the way using the example of Peter Dodge Bridgehampton, Founder and Chairman of Hanover Research. Prioritize With Purpose Time management starts with prioritization. Understand that not all tasks are created equal. Begin by identifying your most critical and high-impact activities. These are the tasks that directly contribute to your business’s growth and success. By focusing on what matters most, you’ll ensure that your time is well spent. Set Clear Goals And Deadlines Goals give you a sense of direction, and deadlines create a sense of urgency. Establish clear, measurable goals for your business expansion. Break these goals down into smaller, actionable steps with associated deadlines. This approach helps you stay on track and avoid procrastination. Embrace The 2-Minute Rule The 2-minute rule is a straightforward yet efficient time management strategy. If you can do a task in two minutes or less, do it right away. Responding to short emails, jotting down quick notes, or making brief phone calls right away prevents these small tasks from piling up and becoming time-consuming later. Delegate Wisely Scaling your business requires recognizing that you can't do everything yourself. Delegate tasks that others can handle efficiently, allowing you to focus on strategic decisions and high-value activities. Trust your team and empower them to take ownership of their responsibilities. Time Blocking For Efficiency Time blocking involves allocating specific blocks of time to specific tasks or categories of work. This technique minimizes multitasking and helps you concentrate on one task at a time. Create a daily or weekly schedule that designates time blocks for essential activities like planning, meetings, and deep work. Harness The Power Of Technology Entrepreneurs have a wealth of technological tools at their disposal for efficient time management. Use project management software, time-tracking apps, and digital calendars to streamline your workflow and stay organized. Automation can also handle routine tasks, freeing up your time for more critical matters. Learn To Say No As an entrepreneur, you may find yourself bombarded with opportunities and requests. While it's tempting to say yes to everything, doing so can lead to burnout and inefficiency. Learn how to gracefully decline projects or opportunities that do not connect with your goals or consume too much of your time. Regularly Review And Adjust Time management is not a one-size-fits-all solution. It's essential to regularly review your strategies and adjust them as needed. Evaluate what's working and what's not, and be willing to make changes to optimize your time management practices. Mindfulness And Breaks Don't underestimate the power of breaks and mindfulness. Taking short breaks throughout the day can boost productivity and creativity. Incorporate practices like meditation or a quick walk to clear your mind and reduce stress. Continuous Learning And Improvement Effective time management is a skill that can always be honed. Invest in personal development by reading books, attending workshops, or seeking advice from mentors. Learning new techniques and strategies can help you refine your time management skills over time. The Power Of Philanthropy As your business grows, so do your influence and resources. Many successful entrepreneurs recognize the privilege they hold and choose to use it for the greater good. Philanthropy, whether through charitable donations, volunteering, or community involvement, not only benefits those in need but also enriches your own life and business. Peter Dodge Bridgehampton, for example, is the Founder and Chairman of Hanover Research, a multinational information services organization based in Washington, DC. Dodge is the Chairman of one of the world's fastest-growing companies and largest market research agencies. Peter Dodge also operates a nonprofit, devoting his time to assisting others in living lives free of addiction. The Peter G. Dodge Foundation exists to assist people in living lives free of the consequences of alcoholism. Conclusion In the fast-paced world of entrepreneurship, mastering time management is not just an option; it's a necessity. By prioritizing tasks, setting clear goals, and embracing efficient techniques, you can make the most of your valuable time while scaling your business. Remember that effective time management is an ongoing process, so be patient with yourself and keep refining your approach. As you implement these tips, you'll find that you have more control over your schedule, reduced stress, and greater success in your business expansion endeavors. Start managing your time wisely, and watch your business thrive. Additional Reading: 4 Tips To Maintain Your Fleet Deep Dive Into Project Management With Informative Podcasts The ROI Of Proactive Pest Control For Property Management

How To Quit A Job With Professionalism And Grace? – Steps To Follow

If you seized a superior job opportunity, pursued a dream, or handled a family crisis, you might want to quit. However, you do not know how to resign and break the news to your manager. In this article, you will learn how to quit a job gracefully and professionally. Once you figure out how to quit your job, you can maintain professional ties with your employer. Also, your transition to your new job or career will become easier. Apart from that, this article also discusses the steps you need to take if you want to quit your job faster. Hence, to learn more, read on to the end of the article. How to Quit a Job? – A General Overview The first thing you must consider when you want to quit your job is to get a valid reason. Although you always have the option to choose the best excuse to quit a job without notice, you must not do so. This is because it damages your reputation in the organization. Here are some valid reasons why you might choose to quit your job: Health reasons Family responsibilities New career goals Excessive stress or anxiety Pursuing further education Starting a business Taking a sabbatical Relocating to a new area An enticing job offers A better career option that your current employer cannot offer There can be more reasons depending on your situation. However, you must ensure your reason for resigning from your job is valid enough. Generally, companies consider these examples of quitting as positive. Hence, before you learn how to resign from a job, ensure that you evaluate your situation carefully. Moreover, with proper planning, you will not create a gap in your income and employment. How to Quit a Job with Grace? -Steps to Follow If you want to know how to quit a job, the following are the major steps you must follow: 1. Plan Your Next Steps Make sure to craft your resignation for maximum benefits. For instance, even if you want to resign desperately, ensure you have a strong action plan. This will help you move faster in your new direction. However, do not consider quitting first, as you will spend a lot of time thinking about it later. Moreover, you must also consider the timing of your resignation. Consider whether you are in the middle of a project or not. For instance, if you finish the project, you can add it to your resume. Furthermore, you must also consider whether you need training for a career change. To ensure that there is no gap in your employment or upskilling, ensure you have a job in line. Also, take your time to secure an interview or spend time on a skill-building course. 2. Create Your Resignation Letter (E-mail) If you have a strong plan, it shows you are ready to resign. Now, you must begin writing your resignation letter. However, even if you choose to have a verbal resignation, make sure to send at least an email. This is because official documentation is necessary. Apart from that, sending an email is also a professional approach and respectful. The following are the factors you must consider when you are writing your resignation mail: To ensure there is no confusion in the process, mention the date of your last day at work. This way, you offer your employer the time to be prepared. Also, you can make your intentions clear from the start. Additionally, if there is a notice period, offer the 2 weeks notice letter. Thank your employer and show gratitude, even if you cannot think of anything positive about this job. Still, you must thank me for the opportunity you had. Apart from that, you can also mention your reason for leaving. Everyone wants to maintain a good relationship. Here, you can offer assistance during the transition between you and your successor. Also, you can offer help for a smooth transition. 3. Try to Resign in Person Apart from writing your resignation letter, talk about the process in person. This way, you can show integrity and professionalism. Moreover, you will not end up surprising your manager with the resignation letter. Basically, once you resign in person, you can avoid any gossip or rumor in the office. Moreover, if your manager works from an off-site location or you are a remote employee, then obviously, you might not want to resign in person. Hence, in such situations, you must be formal with your resignation mail and include everything necessary. On the other hand, an email resignation can come across as cold and rude. Hence, resigning in a face-to-face meeting is a better step to take. Also, this ensures you have an open conversation between your employer and you. To ask for an appropriate time, make sure to email your manager or HR. However, if your relationship with your manager or your HR is not great, and you want to avoid them, you must stick to the email. 4. Serve the Notice Period Most companies ask for two weeks' time from an employee in the form of a notice period. However, in some cases, the notice period is four weeks. On the other hand, some employers prefer to terminate contracts immediately. Hence, you must stay prepared for such decisions when you apply for a resignation. Such behaviors are common in situations where employees can easily remove contacts, files, and ideas. Hence, your employer will surely want to avoid this. Hence, they can limit your time in the office by accepting your resignation. 5. Plan Your Transition Beforehand Create a transition plan yourself apart from offering support to a new employee. Thereby, you can ensure your work, and your legacy continues in the organization. For instance, you can create a transition plan to show you have a professional attitude. Also, it shows that you have a strong dedication to work. Hence, with this effort, you can ensure a positive attitude in the resignation process. Also, you will allow further communication if other opportunities arise during this time. When you create a transition plan, make sure to outline the major duties and responsibilities in a comprehensive manner. Hence, when a new employee comes, they will know about what role they need to perform. Moreover, you must also detail your ongoing projects so that you can pick up where they leave you. 6. Ask for a Recommendation If you maintain a professional attitude during the resignation process, you can ask your employer to offer you a recommendation. This will help you maintain goodwill with your employer, and you can request a recommendation from your employer. Moreover, when you are asking for a formal recommendation, make sure to ask someone who is familiar with your work. Also, be clear about when you need the letter and what you want them to focus on when they offer you the recommendation. 7. Prepare for an Exit Interview After you send your resignation mail, your employer might ask you to attend an exit interview. Here, you must give feedback that you feel is important for the organization. Also, this is a great place to show your gratitude to your employer. Moreover, you might need to explain your reasons for leaving, the best thing about working here, etc. Quitting Your Job: The Way Forward Now you know how to quit a job professionally and gracefully. Understand that the most important part of a resignation is to have a plan for the transition process. Hence, if you work for a new role, consider boosting your skills, getting a certificate, or learning a new skill. Do you have more suggestions for an employee about how to quit a job? Please share your ideas and opinions in the comments section below. Read Also: Self-Improvement Tips For Managers 5 key Leadership Skills for Entrepreneurs 11 Roles That Are Skyrocketing In The Job Market

Top 10 Best Paying Jobs in Real Estate Investment Trusts in 2024!

If you are looking for a career move in real estate, becoming a part of the REIT can be smart! Considering the trend of shifting to this field is growing quickly, people are often googling the top 10 best-paying jobs in real estate investment trusts. Therfore, in case you are someone who is also looking for this, I have you covered! So, keep reading this blog until the end to learn more, and thank me later… What are Real Estate Investment Trusts? Real estate investment trusts, or REITs, own portfolios of properties supported by institutional and personal investors. A common mechanism for this is real estate investment trusts (REITs), which can own lengthy physical assets (like office buildings and shopping centers) and derive revenue through the collection of rent or lease payments. These businesses create an option for investors to own an actual piece of equity, enabling them to buy stock without having to put up large amounts of capital or assume the responsibilities of ownership. To put it simply, REITs are a form of public real estate entity that allows for a wide variety of jobs in real estate investment and management for either the residential, industrial, or commercial sectors. Types of REITs and Career Opportunities Real Estate Investment Trusts (REITs) are like massive sling pouches of different categories of properties. Like many kinds of fruits, REITs can be invested in different sectors. These commercial properties would include office buildings where people work or shopping malls where we go shopping. Some additional examples are healthcare facilities, such as hospitals or nursing homes, where people go to receive medical care. As we know, not all REITs are created equal. They are like ice cream flavors; they still have different tastes. For instance, Equity REITs are companies that own/manage properties and get paid rent from tenants. Mortgage REITs either loan money for mortgages or invest in existing mortgages. Hybrid REITs do a little bit of both. There is a wide range of occupations that you can accomplish, which makes this variety amazing. Deal-making is a great fit for an Acquisitions Specialist who searches for new properties to purchase. Moreover, if you have strong numerical skills, you may work as a financial analyst, determining whether those properties are worth the money. Or, if you have an environmental conscience, you might work as a sustainability manager who promotes green building practices. REITs present a plethora of chances for lucrative employment. Therefore, in the broad and fascinating world of real estate investment trusts, there's a place for you whether your forte is building management, spreadsheet crunching, or environmental compliance. Benefits of Working for REITs So, now you know about what REITs are and how they operate. But will you have benefits working in this sector? ABSOLUTELY! There are several pros and cons to a career in Real Estate. However, things are a little different when it comes to REITs. Here are some of the reasons why working for Real Estate Investment Trusts can be a great career move: 1. Good Pay: REITs frequently provide competitive pay. You should anticipate receiving a respectable salary, incentives, and other benefits. 2. Variety of Roles: REITs offer jobs in marketing, law, finance, and other fields. They require a wide range of skills to manage investments and assets. 3. Growth Opportunities: REITs offer the ability to advance your career through various divisions and locations. You can begin in a little capacity and progress to a larger one. 4. Security and Stability: REITs' primary emphasis is on generating stable cash flow, as they are obligated to distribute the majority of their revenue to shareholders. 5. Diversification: You work with various property types in REITs, such as shopping centers and hospitals. It is about managing assets that people use daily, not only about selling properties. 6. Professional Management: You will collaborate with knowledgeable managers who handle the day-to-day difficulties associated with property management. Additionally, you will have less tension as a result. 7. Passive Income: You can receive dividend payments if you invest in the REIT where you are employed. It's similar to receiving a bonus for joining the group. 8. Learning Curve: REIT employees must constantly learn new things since the real estate industry is continuously shifting. This keeps their abilities current and their work exciting. What is the Job Outlook for REIT Professionals? How many jobs are available in REITs? This is a valid question that you might be thinking of! Due to the expansion of the real estate market, the need for managers of additional buildings and projects is growing. This increase generates many new jobs for those interested in REITs. Additionally, REITs own various properties, including retail centers, housing, and offices. This is a reason why real estate factors into business decisions. Because of the variety, you can find a job in finance, management, or another field that best suits your skills. Moreover, it's not only about landing a job when working with REITs; it's about developing a career. Over time, there are opportunities to handle larger projects, assume more responsibility, and advance into higher positions. Furthermore, because of the industry's continuous growth, there is a significant demand for REIT specialists. Increased investor interest in REITs also creates additional job opportunities. Top 10 Best Paying Jobs in Real Estate Investment Trusts in 2024! Real Estate Investment Trusts (REITs) are a fundamental part of the real estate sector, allowing investors (individuals) to earn a share of the income produced through commercial real estate ownership. A REIT offers similar diversity and can pay life-changing income in some roles. Wondering what the top jobs in this field pay the most? I have you covered! The top 10 high-paying jobs in real estate investment trusts in 2024 are as follows: 1. REIT Chief Executive Officer (CEO) Firstly, the CEO sets the strategic direction for a REIT and is in charge of overseeing the company's resources, general operations, and important business decisions. Besides, because of the extensive skill set and heavy obligations, the CEO position in a REIT is the highest-paying one. 2. Portfolio Manager Secondly, portfolio managers decide which properties to buy and sell, and they develop the REIT's investment strategy. The REIT's financial stability depends on its proficiency in market analysis and investment strategy, which makes it one of the highest-paying positions in the sector. 3. Real Estate Attorney Thirdly, we have real estate attorneys. You must have heard of law firms helping companies with their real estate issues. These lawyers, who focus on real estate law, deal with complicated transactions, zoning conflicts, and disputes. Their high salaries result from their legal competence, guaranteeing that all transactions are legal and compliant. 4. Property Appraiser An appraiser's evaluation of a property's value is crucial in a REIT. Their assessments impact investment choices and are necessary for truthful financial reporting. Additionally, they are extremely useful due to their specialist understanding of real estate valuation. 5. Investor Relations Manager These experts cultivate and preserve connections with analysts and shareholders. They also provide financial data and business plans, which are crucial for a REIT's reputation and investor trust. 6. Asset Manager The performance of the investment portfolio is monitored by asset managers. Furthermore, they seek to optimize property values and investment returns by making calculated choices on upkeep and improvements. 7. Financial Analyst Financial analysts closely examine corporate fundamentals, economic situations, and market movements. Their observations guide REITs' investment decisions, making their role indispensable for financial planning and analysis. 8. Acquisitions Director Finding and negotiating the purchase of properties are part of this profession. Furthermore. acquisition directors must be skilled negotiators who can find great investment opportunities and get them at the cheapest price. 9. Leasing Manager The leasing managers guarantee that the buildings in the REIT's portfolio are leased to dependable tenants at the best possible rates. Besides, their role directly impacts the REIT's revenue sources. 10. Sustainability Manager Lastly, sustainability managers are becoming increasingly important as the sector shifts to environmentally friendly methods. Moreover, they implement plans to make properties more eco-friendly, which can save money and ensure that rules governing the environment are followed. Wrapping It Up! In conclusion, the real estate investment trust sector offers a variety of lucrative career paths. The roles mentioned above are not only the best paying but also integral to the success and growth of any REIT. Furthermore, as the industry evolves, these positions may adapt, but the essence of their contribution to a REIT's success remains significant. If you are searching for the top 10 best-paying jobs in real estate investment trusts, I hope that this blog has helped you. If you have any other queries, please let me know. All you need to do is scroll down until you reach the bottom of the page. Then, leave your comments and queries in the box below. I will be there to answer them all for you! Learn More About: 5 Mistakes To Avoid In Estate Planning How To Invest In Real Estate Business Dubai? Is Real Estate Investment Trusts A Good Career Path In 2024?

Seasonal Unemployment – Definition, & Examples [Complete Details]

What Is Seasonal Unemployment?

Seasonal Unemployment Benefits

Seasonal Unemployment Limitations

Seasonal Unemployment Examples

What Is The Difference Between Disguised Unemployment And Seasonal Unemployment?