The job market has seen a range of ups and downs in 2020 – and it’s only July. Over 30 million workers have applied for unemployment since the middle of March. Unemployment benefits are usually managed within the states; however, with the CARES Act, a provision was made that adds a sizable amount of federal payments and state benefits. It also includes workers who usually don’t have unemployment benefit options, like part-time workers, seasonal employees, or gig workers.
Some Americans wonder, why rush back to a stressful grind of work with all these benefits on unemployment? While it may be tempting to collect checks in your account, there are several reasons that you should get back to work.
3 Key Reasons to Go Back to Work
You May No Longer Be Offered Unemployment Benefits if You Are Offered Your Job Back
Many employers had to let go of perfectly competent workers to stay afloat during the quarantine and shutdown periods of COVID-19. As businesses begin to open back up and get busier, they may look to their recent reliable workers to come back.
When you file for unemployment benefits, you agree to look for other work and that you will accept a reliable job position if you are offered one. Therefore, if you receive an offer to go back to your previous job, graciously accept it so you can still earn money.
Expanded Unemployment Benefits Expire
If a job opens up that fits your skills and provides the means to accommodate your lifestyle, it’s important to consider that position. Experts say that even once more businesses open up, it will be a tight and competitive job market. So instead of riding out unemployment benefits, jump on an opportunity that suits your needs.
The additional benefits from the CARES Act will expire four months after they begin. While state benefits may continue, they may not be enough to provide for you or your family.
Working Gives You Agency
The last few months have been uncertain for many, but everyone likes to feel like they have some control over their lives. Getting back to work will help you feel accomplished, improve your pride, and give your life added purpose. Contributing to society is honorable and boosts your local, state, and national economies.
Plus, as you work, you build connections, personal and professional. Getting back to work will continue to grow your skills, network, and build your resume. It’s always easier to build your career with as little unplanned employment gaps as possible.
Are You Ready to Get Back in the Workforce?
This is not the easiest time to get a job, but opportunities are out there! Let the professionals help you at CRS.