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The Great Resignation: An Ongoing Concern

The Great Resignation was an event that shook labour markets both in the US and in the UK, as high employment remained high not for the growth of individual businesses, but instead for the removal of workers from the employment pool entirely. Mass resignations posed a key risk to the profitability of entire sectors, and its impacts are still being felt today. But why, and how can such impacts be mitigated?

The Labour Market Overview

According to the ONS Labour Market Overview, the end of 2021 was a bellwether moment for employment in the UK. Q3 of 2021-2022 saw a record number of workers in the UK switch roles, with resignations fuelling the significant statistical change.

Why are People Resigning?

But what exactly has catalysed large numbers of people to trade up positions, leave their company or retire entirely? The reasons are many and varied, forming a complex array of factors that define the present state of employment and indeed wider society in the UK.

Firstly, it is important to make a clear distinction between the UK’s current Great Resignation saga and the US Great Resignation – which was the first major resignation event, and the one to give the phenomenon a name. In the US, large numbers of worker resignations could be attributed to the relative lack of employment protections available to workers. 

Extremely low rates of pay, coupled with poor working conditions and increased burdens of responsibility (particularly in service and hospitality businesses) saw workers in key US industries leave en-masse, causing crises within industries and forcing larger outfits to reckon with worker demands.

While some facets of the UK’s own form of Great Resignation bear relation to the US phenomenon, the specific driving forces behind them and the future intentions of leavers differ. The UK’s ‘resigners’ are not so much resigning as trading up for better prospects; stress and burn-out played a key part too, but the UK’s brand of resignation has been at a much slower pace.

How Can Businesses Retain Talented Staff

Mitigating the impact of the Great Resignation on your business is something of an unknown quantity; each business will have its own relationship to, and requirements of, staff – which could have their own separate impacts on staff retention and turnover. A good place to start would be to seek third-party opinions from consultant teams with knowledge of HR practice, for their own appraisal of your business’ stature and company culture.

While the Great Resignation was notable ‘event’ in employment – particularly in the US, where it took the form of a ‘spring’ of workers from under-recompensed positions – its impact endures, and many are still taking its lessons to heart. In general, there are some simple changes a business can make to address this.

For one, re-evaluating the pay for a given role could be key to attracting talent for the long-term. Not only this but re-addressing and expanding the perks and benefits available to a position can attract more invested interest. Today’s jobseekers are more savvy than ever to their value, and can see through business attempts to market legal requirements as ‘perks’.

5 interesting things you should know about NFTs

NFTs have been recently gaining a lot of popularity. People of different classes are taking an interest in them. Non-Fungible Tokens, or NFTs, are a new type of digital asset that is not interchangeable with other tokens. NFT is a new form of digital art that can be traded like any other cryptocurrency. It is an acronym for Non-Fungible Token. Unlike traditional cryptocurrencies, these tokens are not fungible meaning they have their own identities, histories and ownership.

These are unique digital assets that are stored on a blockchain. They can be used as a form of currency, or they can represent ownership of an asset, such as a piece of art. NFTs are not limited to artwork; they can also represent anything that has value, such as music and other forms of intellectual property. This is because, unlike physical goods which have intrinsic value, digital goods like music and art are only worth something because the owner assigns them worth through the transaction process. 

These are often used in gaming to represent items, such as weapons or armour. They are also used in the digital art world to describe pieces of art that cannot be copied and pasted. In the music industry, they can be used to represent ownership of a song or album. One of the most common uses of them is seen in video games and blockchain projects. One thing you can forget is unlike traditional cryptocurrencies like Bitcoin and Ethereum, these tokens are not fungible and have different properties.

Although most people do know about NFTs they are not sure where to purchase them. Well if you are an enthusiast interested in exploring NFTs then check out the NFT marketplace. These marketplaces do have varieties of NFTs on sale, you can find work from famous and up-and-coming artists. Some of the biggest marketplaces include OpenSea, Treasureland, etc. Since the demand for NFTs is rising make sure that the marketplace is genuine before you dip your toes.

If you are curious about NFTs and want to learn everything about them then check out this article. In this article, we will discuss other interesting things you should know about NFTs. What are you waiting for? Then let’s jump into the article then.

NFT – a cloud storage

There are many ways people describe NFTs, however, one thing that these tokens do is store information like a cloud storage provider. All the information that is stored in the tokens is the visual representation of the data. cool, right? Token also consists of metadata like collection properties. In theory, a user can store any file like music, art, ebooks, etc as an NFT. 

NFTs can be staked as collateral for loans

Yes! No bluff the NFTs can be stacked as collaterals for a loan. There are many platforms on the internet that make this a possibility. This concept is popularly known as decentralized finance allows people to carry out p2p loans through a third-party protocol. The protocol values the price of NFTs and users can take loans against the liquidity of the token. However, if the price of the token goes down then they take the NFT as collateral. You can also stake your collaterals in certain protocols and earn good interest in them.

NFTs can be affordable

Most people have a misconception that the price of NFTs is astronomical. Well! There are pieces of art, music, fashion, and sports items that are highly costly. Simply put, limited edition or rare items do cost a lot, don’t you agree? However, this doesn’t mean there aren’t things that an average investor cannot afford. There are chains like the Ethereum layer 2s and Solana that have low transaction fees allowing investors to try. If you are a newcomer that wants to enter the NFTs space make sure that you do your research and understand the market thoroughly before you jump.

Used as in-game assets

Metaverse has become a common term and most people have associated it with the virtual reality of the real world. From clothes to their avatar to digital land plots, people do want to own a part of the metaverse. The users can create their avatars based on their interests and then explore the world around them. Yes, from buying to building, they can do everything in the real world. The blockchain games are the elevated version of the metaverse and the characters or heroes in these games are the NFTs that can level up or you can send them to quests, earn items, etc. These earned items can be used or sold in the game.

Not all the NFTs are on Ethereum

Yes! You have to get this straight, not all the NFTs are on Ethereum. They pretty much exist in all blockchains, however, the formats may differ although the basic principle remains the same. Another thing that you must know about NFTs is that these chains use a different kind of proof of stake consensus mechanism to secure the chain. They are present on many other chains outside of the Ethereum chains like Tezos, etc.

In a nutshell,

Crypto was gaining a lot of attention and it has put blockchain in limelight. NFT is also a block-chain based token that represents digital assets like music, art, clothes, etc. However, one thing that differentiates NFTs from Cryptos is that they cannot be exchanged, the users can only use them to purchase.

Since its inception in 2017, NFTs have been gaining a lot of popularity. New developments about them have been constantly coming out. So in the future, we will get to see more developments of these tokens. As an investor, if you are interested in investing in them then it is highly recommended to make sure that you understand these tokens and their market before you take a decision. As you have made it to the end of this article, we hope you have gained a lot of knowledge about NFTs. For more such interesting articles check out the Postling website.

What is a Non-Fungible Token and How Do They Work?

Have you ever heard of NFTs? Well! If you are someone that goes on the internet or uses social media platforms then at some point you would have heard about them. Everyone knows that NFTs are related to cryptocurrency, thanks to the finance influencers on these platforms. However, if you are someone that doesn’t know anything about them and is interested to know, then you are at the right place. Stick to the end of this article to find out more about them.

NFT stands for Non-Fungible Token. NFTs are digital assets that can be traded and exchanged. NFTs are a new form of digital asset that is issued on the blockchain. They are non-fungible tokens, meaning they are all unique and cannot be replaced by another token. These can be used for a wide range of applications like video games. In these games, players acquire virtual assets that have intrinsic value. These assets can be traded with other players or on third-party marketplaces, as long as the game developer allows it.

NFTs can represent anything from a physical object to a virtual one, and they can be used for many purposes. They can be used as collectibles, or they could be used to represent ownership over artwork or a piece of music. These are the type of digital assets that can be created, distributed, and traded on the Ethereum blockchain. NFTs have many use cases such as: creating digital scarcity, representing in-game items, representing virtual currency tokens and providing digital proof of ownership for physical goods.

These tokens are unique and cannot be replaced with another token. NFTs can represent a physical, digital or conceptual asset.

The Value of NFTs

NFTs are a relatively new concept in the world of cryptocurrency and blockchain. They were first introduced by the Ethereum project in 2015. This was when the ERC-721 protocol was created as a standard for non-fungible tokens on Ethereum’s blockchain. Non-fungible tokens are unique digital assets. Their scarcity and their utility generate the value of NFTs. The more scarce an NFT is, the higher its value will be in the marketplace. They are not interchangeable with other tokens and can hold a variety of different data. 

The definition of the token is a representation of the value issued on a blockchain. It can store information about the issuer, individual units, and ownership information. A token sale is a process of crowdfunding in which an organization sells digital tokens in exchange for cryptocurrency. This can be done through an Initial Coin Offering (ICO) or Initial Token Offering (ITO). The concept of a token sale is relatively new, but it has the potential to be a game changer for startups. 

Token sales are not only about raising money for startups. They also provide an opportunity for investors to participate in the startup’s growth and success. Token sales generate more than just monetary value for NFTs. They can also provide them with voting rights or other benefits that they may not get from traditional investments.

The tokens on NFTs have the potential to be used as a form of currency, which will make them more valuable than traditional forms of investment such as stocks or bonds that do not have any intrinsic use outside of their financial value. Apart from startups they also have the potential to create a more sustainable economy for content creators.

Types of Non-Fungible Tokens

Non-fungible tokens are used to represent unique digital assets. They are also called ‘unique tokens’ or ‘unique items’. 

What are you waiting for? Let’s discuss a few NFT types.

Collectible tokens

There has always been a market and craze for rare trading cards in the market. Well! Now the crazy has not just been limited to real life. Yes! NFT collectibles have a craze and especially if they are connected to a popular IP. These are digital representations of collectibles like cards, badges, and trophies. Collectible tokens are a type of cryptocurrency that can be used to represent physical or digital collectibles. They can be used to represent ownership of a particular item, as well as in-game items and other assets. The value of collectible NFTs’s most often based on their rarity.

Music NFT’s

Music is solace and has heavy importance in many people’s lives. Every occasion becomes 10x times more memorable if there is music accompanying it. However, we do know that there are only a few ways artists can make money with their music. It takes a lot of hits and popularity for an artist to make a huge income.

One of the most common sources that people make money is by streaming their music on streaming platforms like Spotify, Amazon Music, etc. Well! The catch is that streaming platforms make most of the revenue, this is where NFT music comes into the picture. The music NFT is the tokenized version of music like albums, songs, MV’s, etc. There are many creativity platforms like Royal, Sound.xyz that allow artists to earn money while retaining creative control over their music.

Generative Art

This is an art that is generated by the computer using artificial intelligence or generative algorithm. This form of art has seen a rise in popularity and demand in the market due to NFTs. One thing is that this art form is truly pushing the boundaries of the art. Many interesting projects took place in the NFT space like Art Blocks that are truly changing the way people are perceiving art.

In a nutshell,

The world is evolving and every day we are finding something new. Cryptocurrencies have paved the way for a new future and NFTs are contributing enormously. Non-Fungible Tokens, or NFTs, are a new form of cryptocurrency that has been gaining traction in the past year. They are unique tokens that represent a digital asset.

NFTs can be used for various purposes such as representing ownership of an artwork or being used as game items in a game. They can also be used to represent shares in a company or as an identity on the blockchain. In this article, we have tried to incorporate everything that a reader wants to know about NFT and for more such interesting articles do check out the Postling website.

6 Excellent Ways Kids Can Earn Money

To grow up, you must experience the world. You need to learn and develop your perspective and be able to think independently. But how can a child work when they are still in school? It almost seems like a contradiction. Many parents are asking their kids to start earning money. They don’t want their kids to be spoiled and they believe that having an income will teach them responsibility. As a parent they want their kids to realize that they don’t have to rely on other people’s financial aid to live their life. Not everyone has the same opportunities or things available to them. 

Want to know how kids can start earning money? The first question that pops into people’s minds is how. It is an interesting question about how kids can start to earn money. There are several ways kids can start making some extra money. But the most common way is getting a part-time job. Earning is not only important for parents but also for kids. 

In today’s world, kids should start earning money from the beginning of their school life. After all, it is now a common practice for schools to start teaching entrepreneurial skills from grade 1 onwards. This way students can learn how to manage their businesses and even make money. The reason why kids need to begin earning money is that it will help them understand that “you can earn your living by working hard”. Moreover, it will teach them many things about work ethics as well as entrepreneurship and also help them become self-reliant in future.

Wanna know why kids should start earning money? It’s not just so they can buy their favourite toys. It’s also to help them build skills and discover who they are as people. Here are a few ways kids can earn money.

Dog Walking

Kids have a pure relationship with animals. If your kids are affectionate towards animals and you want them to start earning money from a young age then dog walking is a good option. Through this part-time chore, your kid dont have to go far away as you can find such jobs in your neighbourhood. This is an excellent way to start your kids’ earning journey as it doesn’t have any upfront costs. Pet owners do want to keep their dogs active so they are looking for dog walkers that can help them in managing their pets. 

Yard Caring

Another interesting small job that you can take up around your neighbourhood is yard caring. Most people like maintaining their yards regularly. However, the only issue is that they dont have time to get to it. You can ask your parents to let the people in the neighbourhood know that you are offering yard caring services.

Or if you are a parent then you can hook your kids up with their first job. The most things that kids will be handling are pulling weeds, snow shovelling, leaf raking, picking up branches, etc. The best way to let the people in your neighbourhood notify you about this is that you can make a few flyers and drop them off at your neighbourhood community or your neighbour’s door.

Lemonade Stand

One of the most common ways a kid can earn money is at a lemonade stand. Well! This would have been the first job for many adults too. This a business that does have few upfront costs but all the kids need to do is learn to make lemonade. They can take the capital from their parents and then start the business. This is the best way to help your children in understanding business, you can help them start their entrepreneurial journey from a young age. People enjoy drinking cold beverages like lemonade and you will see that, especially on a hot day how many people will stop by a lemonade stand. 

Twitch Streaming

If your kid is above 13 years old and enjoys talking and playing video games then you can help them set up a twitch channel and start streaming. Although it is a must to have parental supervision in the twitch gaming platform. Your kids can earn good money through streaming as they get money through donations, sponsorships, affiliate marketing, etc. 

Babysitting

One of the most traditional ways a kid can earn money is through babysitting. Well! This job has been around for many decades and it is a classic part-time job that any kid starts with. The money you can make from babysitting can be high. This is a job that you can get from people in your neighbourhood or your family and friends. Based on the child’s age and the amount of time you need to babysit you can earn good money. 

Collecting and reselling golf balls

One of the most underrated gigs that can help kids earn more money is collecting and reselling golf balls. The only thing about this job is that you should know where to look for it. You can find them in different places on the golf course, all you need is patience and a lot of energy to find all the balls on the golf course. If you are consistent then you can know more obvious areas where you can find the golf balls. Once you collect enough balls you can either sell them in bulk to wholesalers or some marketplaces that make selling them easy.

In a nutshell,

Kids should start earning money from a very early age because it’s a great experience. It improves self-esteem, teaches responsibility and builds work ethic. Money makes them feel more powerful and independent. Parents are constantly looking for ways to encourage their kids to learn the money-making skills that they need as they continue to grow.

When they’re young, they can open up a bank account, pay bills and save money. But it’s only later in life that many people start earning. We think it’s worth considering why you should start early. As you have made it to the end of this article, you would have found different ways for kids to make money. Check out Postling’s website to read more such finance-related and money-saving related articles. 

6 Excellent Budgeting Tips for College Students

College students have to make a lot of decisions and take on worries about the future. However, like many things in life, the more you have to pay attention to it, the easier your life is going to be. College is expensive, but with a little planning and research, you can minimize the cost. There are many things you can do to keep the cost of living low even on a tight budget. The average cost of tuition for four-year public universities is more than $17,000 per year. While some students will receive financial aid and grants, others must budget their money carefully or even live below the poverty line. 

Living on a budget can be tough when you’re in college, especially if your parents don’t provide you with the basics and have student debt. Managing your student loan debt is no easy feat no matter how much you earn. It seems like every day, there is a new study that shows how much of a burden college loans are to our economy, and the average student is buried in thousand’s worth of unpaid loans for years after leaving school. You’ve got to wonder if there is any way to live on a budget while in college without being constantly stressed out about making it through each month.

While living on a budget can be tough for any student, it is especially challenging for those who don’t have much experience managing their money. With so many expenses on campus, from housing to food to books to entertainment, it’s no wonder that students struggle with establishing a healthy lifestyle. At the same time, you should not feel like you are sacrificing your education by finding ways to live cheaply if possible. To help you out some more, I’ve put together this comprehensive guide that includes tips on how to save money as well as strategies on how to make living on a budget easier overall.

When it comes to living on a budget, most people know how to do it. You cut back, you live frugally and save money. But not everyone is the same, some people even struggle to cut back enough. So what do average students need to know about budgeting at college? In this article, we are going to go over some tips for living on a budget in college.

Use a budgeting app

As a student, you have hundreds of things that you will be dealing with many different things. Each day is extra, so with all this going on it is highly difficult to manage your spending effectively. However, there are many budgeting apps available in the market that will help you on getting top of your budgeting. There are money management applications like Mint, that provide you with a variety of options that make budgeting easier. If you are a college student with no clear idea of where to start budgeting, these apps will help you get started. 

Spare change investing

Yes! This has truly become a new thing thanks to the digital revolution. There are investing apps like Acorns that will invest your spare change after you make purchases. Well! One of the best things about investing like this is that your purchases will never be rounded right, there will be spare change left. So investing the spare change is an excellent way to start your investing journey. Your spare change will be invested in bonds and stocks. Sometimes adding up small changes will later make an enormous amount of money to invest and you can imagine the amount of interest you will be earning. 

Student ID or Email ID

Yes! Your student is one mighty weapon in your hand and most people fail to realize the benefits of their student ID. From Amazon to Apple, many major brands give special discounts to students if they present their student IDs. Sounds cool, right? Not only that you can also receive many exclusive offers and deals. Simply put, you can use the student ID to avail of great discounts for different purposes like food, clothing, FedEx shipping, etc. Remember where ever you go just make sure to ask them if the student discount is available. If there is then you can save good money right?

Coupons are the best

Coupons are one of the excellent ways to save good money. From groceries to subscriptions, you will be saving a lot of money as you will get many products at discounted prices. The coupons are available for almost everything these days. You may think that you will be able to probably save a few bucks, but if you make it a habit then it will genuinely help you in the long run. 

Free events

If you are someone who enjoys going to events regularly then a big chunk of your income will go to these events only. However, one thing that most people forget is that colleges are known for having tons of free events. Why don’t you benefit from these free events? And also save some good money. Another interesting fact about these free events is that you can make new friends and network with more people. You can easily find details of these free events on your college website, class groups or Facebook groups.

A Dollar store is the best

In every college vicinity, you will find a dollar store. Although most people do not think highly fancily of a dollar store, it is cheap and you can save a lot of money. You can get stuff for cheap compared to supermarts or grocery stores. And it is a deal that cannot be missed. Some things in our daily lives will be thrown away eventually so why spend a ton of money on purchasing high-quality products to eventually throw them away? Pick inexpensive stuff at your local dollar store and use them as long as you can. Sounds viable, right?

In a nutshell,

College students have a lot of expenses when they are away from home. Adding to the typical student budget is the cost of books, rent and food. The majority of students don’t make much money during their freshman year at school but there is still hope. How can college students live cheaply? In this article, we provided students with budgeting tips that should help their immediate situation, whether they’re on a tight budget or not. As you have made it to the end of this article, hope you have found these tips helpful. If you are interested in reading more such articles about budgeting, making money, saving money, and side hustles, then check out the Postling website.

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