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☆ White-Collar Recession: It's Hard to Find a High-Salary Job
▼ + stars: | 2024-04-30 | by ( Aki Ito | ) www.businessinsider.com time to read: +7 min

Over the past year or so, pretty much everyone who's looked for a job has told me the same thing: The job market is brutal right now. By all the standard measures, the job market is doing just fine. And what the numbers show is a two-tier job market — one divided between a blue-collar boom and a white-collar recession. Now, you could argue that a slowdown in white-collar hiring doesn't really matter in the current economy, even for white-collar workers. And the longer the white-collar hiring lull continues, he warns, the more the resentment will build.

Persons: who's, I've, you'd, it's, Mark Zuckerberg, Fiona Greig, doesn't, Emily Stewart, Guy Berger, Berger, there's, —, Aki Ito Organizations: Vanguard, Glass Institute, Business Locations: America

☆ Opinion | Class of 2024, It’s Not in Your Head: The Job Market Is Tough.
▼ + stars: | 2024-04-29 | by ( Peter Coy | ) www.nytimes.com time to read: +1 min

Here is a brutal fact for the college class of 2024: There aren’t enough college-level jobs out there for all of you. Others will have to settle for jobs that don’t require a college education. And history shows that many of those who start out in a job that doesn’t require a college education are still toiling in that kind of job a decade later. One mystery is why college grads’ lifetime earnings are so much higher than those of people with just a high school degree or less, if indeed so many college grads don’t do college-graduate-level work. I invite college seniors to tell me about your job searches and how you feel about what you learned or wish you had learned in college by filling out the form below.

Persons: grads, I’ll Organizations: Burning Glass Institute, Strada Institute

☆ Live Updates: U.S. Job Growth Expected to Remain Robust
▼ + stars: | 2024-04-05 | by ( Talmon Joseph Smith | ) www.nytimes.com time to read: +2 min

PinnedWith the year’s first quarter in the books, the Labor Department will release its latest update on the labor market Friday morning. Economists expect the March report to show that over 200,000 jobs were added for the fourth consecutive month, according to a Bloomberg survey. The report is expected to show that the unemployment rate ticked down to 3.8 percent from 3.9 percent in February. It’s a remarkable change from a year ago, when top financial analysts were largely convinced that a recession was only months away. Nevertheless, there is “still absolutely nothing happening” in key measures of long-run jobless claims, said Guy Berger, director of economic research at the Burning Glass Institute, which studies the labor market.

Persons: ”, Joe Davis, Guy Berger Organizations: Labor Department, Bloomberg, Federal, Vanguard, Federal Reserve, Glass Institute Locations: U.S

☆ For those without college degrees, more paths are opening to better-paying jobs
▼ + stars: | 2024-03-08 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +7 min

New York CNN —For decades, not having a college degree has often been a barrier for workers seeking a higher-level, better-paying job. That means the lack of college degrees can’t be ignored, since Blacks and Hispanics are least likely to have a bachelor’s degree. “[D]espite the limited progress to date, our analysis shows that, for those who embrace it, skills-based hiring … yields tangible, measurable value. Skills-based hiring boosts retention among non-degreed workers hired into roles that formerly asked for degrees,” they said. The tool is aimed at lower-wage workers without college degrees.

Persons: Joe Biden, Ken Frazier, ”, George Floyd’s, Frazier, Debbie Dyson, Keith Wardrip Organizations: New, New York CNN, Census Bureau, ”, Merck, Blacks, MIT, Accenture, Yum ! Brands, Harvard Business School, Glass Institute, Directionally, Federal, Occupational Mobility, Philadelphia Fed, Federal Reserve Bank of Philadelphia Locations: New York, America, workforces, Philadelphia, Cleveland, Cincinnati

☆ Fewer jobs require a college degree. Here's what employers are looking for instead.
▼ + stars: | 2024-02-27 | by ( Madison Hoff | ) www.businessinsider.com time to read: +7 min

That's according to a new report from career-site Indeed analyzing educational requirements in US job postings since January 2019. As employers shift from formal educational requirements to skills-first hiring, job seekers might want to think about their skills. Even with a shift away from college degree requirements, there could be assumed credentials and levels of education, per the new report. "There's a lot of sectors where it's really common for jobs to not include any educational requirements whatsoever," Stahle said. Controlling for occupational mix, the percentage of job postings that require a college degree has only fallen by 3.6 percent over that period."

Persons: —, Cory Stahle, Stahle, haven't, it's, there's, Raman, we've, they're Organizations: Service, Business, Labor, Delta Air Lines, IBM, BI, Burning Glass Institute, Harvard Business School, LinkedIn, Employers

☆ Job Market Reality: You Still Need a College Degree to Land a Good Gig
▼ + stars: | 2024-02-27 | by ( Emily Stewart | ) www.businessinsider.com time to read: +6 min

Employers are increasingly saying you don't need a college degree to get hired, but secretly, you still kind of do. During the same period, the share of job postings asking for a college degree or higher fell to 17.8% from 20.4%. In 2023, The New York Times' editorial board applauded various efforts in the public and private sectors to ax degree requirements for jobs. Having inflated degree requirements perpetuates the cycle of inequities in the workforce." A move toward skills-based hiring is a good thing socially, economically, and practically.

Persons: George Floyd's, didn't, It's, Matt Sigelman, Cory Stahle, would've, you've Organizations: aren't, The New York Times, Carlton, Harvard Business School, Glass, Apple, Walmart, ExxonMobil, Glass Institute, Employers

☆ Most US graduates who start their first job underemployed can't find college-level jobs 10 years later: report
▼ + stars: | 2024-02-23 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Around 73% of those who don't get college-level jobs in their first year after graduation end up stuck in underemployment 10 years later, the report said. "Graduates who start out in a college-level job rarely slide into underemployment." Graduates who start their careers underemployed are about 3.5 times as likely to be underemployed a decade later, the researchers said. Most American graduates start their careers underemployedFor every 100 graduates in the US, 52 are underemployed in their first year of work, the report said. That means graduates with college-level jobs earn 50% more than their underemployed counterparts, per the report.

Persons: —, underemployed Organizations: Service, Strada Education, Glass Institute, Business

☆ About half of America's new college graduates are working in high school-level jobs like food service and retail: report
▼ + stars: | 2024-02-23 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

People working college-level jobs earn 88% more than those with only a high school education, the report said. AdvertisementMost underemployed graduates are in sales and office administrationFor graduates working high school-level jobs five years after finishing college, the most common occupations are clerk (1.09 million graduates), sales supervisor (1 million), retail sales worker (759,000), salesperson (611,000), and secretary (602,000). Health-related work, including nursing, had the lowest underemployment rate, with only 23% of graduates not working college-level jobs five years after finishing their bachelor's. About 27% of underemployed graduates eventually advance to college-level jobs in the next 10 years. Getting an internship in your field of study vastly improves your chances of getting a college-level job, the report said.

Persons: —, they're Organizations: Service, —, Glass Institute, Strada Education, Business Locations: underemployment

☆ Job posts for workers without degrees are booming. The actual hiring doesn't always follow
▼ + stars: | 2024-02-19 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +10 min

But as data emerges on degreeless hiring, there are signs that some of these efforts may be falling short. It's based on limited data and doesn't consider alternative pathways that people without degrees use to join organizations, such as through apprenticeships and internships. But it's still a snapshot look at how some of the top employers in the U.S. are doing in their efforts to hire more workers based on skills versus degree attainment. Rather, it implies managers may be reticent to hire people without degrees, absent specific policies to assess these workers' skills. Companies that have been successful with skill-based hiring also articulate clearly the skills they require for a job, even before posting it.

Persons: it's, Matt Sigelman, What's, Sigelman, Schultz, Joseph Fuller, Fuller, Tyson, Lockheed Martin, Kroger, Stellantis, Backsliders, Meijer, Delta Organizations: Burning Glass Institute, Harvard Business School, Glass Institute, Workers, American, Foundation, Walmart, Apple, GM, Koch Industries, General Motors, Target, Tyson Foods, ExxonMobil, Yelp, Bank of America, Oracle, Companies, Lockheed, Stellantis, CNBC, Amazon, Nike, Delta, Uber, HSBC, Novartis, Delta Air Lines, US Foods Locations: U.S, Meijer

☆ Companies vowed to hire more workers without college degrees. But a study says they're not following through.
▼ + stars: | 2024-02-17 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +4 min

AdvertisementBank of America, Amazon, and Lockheed Martin are among the large companies that promised they'd drop college degree requirements in their job listings. But their hiring practices are still the same, according to a new study from Harvard Business School and the Burning Glass Institute: they're still hiring college grads. "While we can't verify the methodology of this survey based on the information shared, the conclusions aren't accurate," an Amazon spokesperson told BI. AdvertisementIn 2018, Lockheed Martin said it announced a five-year initiative to create 8,000 apprenticeships, which it completed ahead of schedule. "We invest in the right outreach efforts to hire the best talent to reflect our community," a Lockheed Martin spokesperson told BI.

Persons: —, Lockheed Martin, they'd, Lockheed Martin —, Uber, didn't, don’t, haven't Organizations: Service, Bank of America, Lockheed, Harvard Business School, Glass, Companies, Walmart, Apple, Target, Nike, Uber, Amazon Locations: Delta

☆ The New Jobs Report Showed Employees Are Entering a so-so Era
▼ + stars: | 2024-02-04 | by ( Emily Stewart | ) www.businessinsider.com time to read: +6 min

For almost two years, many economists and observers have figured something has to give in the labor market. And then the labor market has turned around and said, "Ha, actually, no." If you're trying to upgrade your job, you're trying to get a better job, the time to do that was probably a year ago. If you have a job, you're at a relatively low risk of losing that job — despite the headlines about layoffs at some big-name companies. "If you're trying to upgrade your job, you're trying to get a better job, the time to do that was probably a year ago," Preston Mui, a senior economist at the macroeconomic policy group Employ America, said.

Persons: Nick Bunker, didn't, Guy Berger, Preston Mui, —, Heck, hasn't, It's, they're, Emily Stewart Organizations: Ferrari, Workers, Glass Institute, Companies, Business Locations: America

☆ Generative A.I.’s Biggest Impact Will Be in Banking and Tech, Report Says
▼ + stars: | 2024-02-01 | by ( Steve Lohr | ) www.nytimes.com time to read: +1 min

A new generation of artificial intelligence is poised to turn old assumptions about technology on their head. For years, people working in warehouses or fast food restaurants worried that automation could eliminate their jobs. But new research suggests that generative A.I. — the kind used in chatbots like OpenAI’s ChatGPT — will have its biggest impact on white-collar workers with high-paying jobs in industries like banking and tech. “There’s no question the workers who will be impacted most are those with college degrees, and those are the people who always thought they were safe,” said Matt Sigelman, president of the Burning Glass Institute.

Persons: “, ”, Matt Sigelman Organizations: Burning Glass, Society for Human Resource Management, Glass Institute

☆ Coca-Cola ranked as the best place to work for career growth in a new study of America's largest companies
▼ + stars: | 2023-12-05 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +4 min

It looked at culture, hiring, pay and promotions to see how companies invest in their workers. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementCoca-Cola was just ranked as the best place to work for career growth in the American Opportunity Index 2023 report . AdvertisementCoca-Cola was ranked top overall, largely because of its hiring, pay, and culture scores. In the past, it has made Glassdoor's ranking of the top 10 companies with the happiest employees and was included in its best places to work list from 2012 through to 2022.

Persons: —, Lisa Chang, Chang, Meta, Salesforce Organizations: American Opportunity, Meta, Costco, Service, American, Harvard Business School, Foundation, Glass Institute, Cola, PepsiCo, PNC Financial Services Group, Amazon, Microsoft, AOI Locations: Glassdoor, W.W, Grainger

☆ 10 smaller US cities with booming tech scenes
▼ + stars: | 2023-10-30 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +2 min

Three metros in Utah are among the mid-size cities with the most advanced tech talent. From that list, it then ranked cities by their share of tech workers with at least one of the in-demand tech skills previously identified. Cities with more to offer than just a robust tech scene scored high in where advanced tech talent is concentrating. Fayetteville, Arkansas, which ranked as the mid-size city with the second-highest concentration of advanced tech talent, has attracted tech workers seeking a more laid-back lifestyle than larger cities with a high concentration of tech talent, like Austin, Texas . Here are the top 10 mid-size cities ranked by their concentration of advanced tech workers, according to the Burning Glass Institute.

Persons: —, San, Matt Sigelman, Ann Organizations: Service, Burning Glass, Street Journal, Glass Institute, Journal . Tech Locations: Fayetteville , Arkansas, Rochester , New York, Utah, San Francisco, Seattle, Provo , Utah, Ann Arbor , Michigan, Boise City , Idaho, Salt Lake City , Utah, Austin , Texas

☆ The 3 in-demand soft skills candidates are 'most lacking in,' according to ZipRecruiter
▼ + stars: | 2023-10-23 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

Hiring managers are less and less impressed by where you went to college — or if you have a four-year degree at all. Nearly half — 45% — of companies have dropped degree requirements for some roles this year, according to new research from ZipRecruiter, which surveyed more than 2,000 U.S. employers. Instead, companies are prioritizing skills over education: 42% of companies are now explicitly using skills-related metrics to find candidates, LinkedIn told CNBC Make It in June, up 12% from a year earlier. "Employers have the perception that younger generations are no longer picking up these important soft skills at school or at college," she explains. Between 2021 and 2022, when companies were desperate to fill vacancies, many lowered their recruiting standards, hiring more "novice employees" lacking these important soft skills, says Pollak.

Persons: Julia Pollak, Marissa Morrison, Morrison, Pollak, Gen, Amanda Augustine, you've, Augustine Organizations: CNBC, Harvard Business, Glass Institute, Employers, Society for Human Resource Management, Global Locations: ZipRecruiter

☆ Top Colleges for High-Paying Jobs in Data Science
▼ + stars: | 2023-04-26 | by ( Demetria Gallegos | ) www.wsj.com time to read: 1 min

Princeton graduates who go into data science earn over $37,000 a year more than the median B.A. graduate in the field over 10 years, according to the Burning Glass Institute. Photo: Bryan Anselm for The Wall Street JournalPrinceton University graduates who enter the data-science field earn more than graduates from other schools, according to a new salary-based ranking of undergraduate schools by Burning Glass, a nonprofit organization that researches employment trends. Princeton-educated data scientists earn an average of $138,014 a year in their first 10 years in the field, a premium of more than $37,000 a year over the earnings of the median graduate in data science. The median graduate’s average annual salary over the first 10 years of earnings is $100,323.

☆ Top Colleges for High-Paying Jobs in Law
▼ + stars: | 2023-04-23 | by ( Kailyn Rhone | ) www.wsj.com time to read: 1 min

Stanford B.A.s who go into law earn a premium of more than $49,000 a year on average over 10 years compared with the median earnings of a college graduate in the field . Photo: Jeff Chiu/Associated PressGraduates of Stanford University who go into law earn higher salaries than other schools’ graduates in the field, according to a ranking compiled by the Burning Glass Institute, a nonprofit that researches employment trends. The top public university for law salaries in the new ranking is the University of California, Berkeley.

☆ Top Colleges for High-Paying Jobs in Management Consulting
▼ + stars: | 2023-04-14 | by ( Kailyn Rhone | ) www.wsj.com time to read: 1 min

Harvard graduates in management consulting earn over $61,000 a year more than the median B.A. graduate in the field, according to the Burning Glass InstituteGraduates of Harvard University who go into management consulting earn significantly more than young professionals from other schools who enter the field, according to a ranking compiled by the Burning Glass Institute, a nonprofit that researches employment trends. The top public university in the new ranking is the Georgia Institute of Technology.

☆ A majority of Americans now think getting a college degree isn't worth it, a new WSJ poll says
▼ + stars: | 2023-03-31 | by ( Grace Mayer | ) www.businessinsider.com time to read: +3 min

A WSJ survey found that 56% of Americans now say a four-year college degree isn't worth the cost. The findings underscored a decade-long college enrollment decline, which the pandemic exacerbated. Dips in confidence in college degrees were especially stark among women and older Americans, the WSJ survey found. A similar decline was reflected in older Americans: 44% of older Americans thought college was worth it, compared to 56% in 2017. Between 2017 and 2019, 46% of middle-skill and 31% of high-skill jobs nixed college degree requirements, according to a 2022 report from Burning Glass Institute.

☆ You no longer need a college degree to work at these 7 companies
▼ + stars: | 2023-03-25 | by ( Ethan Dodd | ) www.businessinsider.com time to read: +2 min

Persistent labor shortages are causing more and more companies to drop degree requirements. That gap represents millions of potential workers who could do a great job even if they don't have a college degree. Now, a number of companies have scrapped degree requirements to widen their net and diversify their workforce. As more companies cut degree requirements, Burning Glass Institute predicts another 1.4 million jobs will open to these workers in the next five years. Here are seven companies who've dropped degree requirements and are leading this skill-based sea change in the job market.

☆ Democrats, Republicans, and companies all seem to agree: college degrees aren't the future
▼ + stars: | 2023-03-22 | by ( Ethan Dodd | ) www.businessinsider.com time to read: +6 min

A bachelor's degree has become a common requirement for landing US jobs, even those that didn't previously require one. Josh Shapiro signed an executive order opening up 92%, or roughly 65,000, of state jobs to those without college degrees. They urged more states to follow to move the economy away from a preference for college degrees, restoring a sense of fairness many Americans feel is lost. Oregon also issued a temporary order in 2022 allowing those without bachelor's degrees to work as substitute teachers. A college degree may increase your earning potential, but it may not hold the keys to the middle class for much longer.

☆ The best company for growing your career, according to research: ‘Less than 5%’ of roles require a bachelor’s
▼ + stars: | 2023-01-31 | by ( Gili Malinsky | ) www.cnbc.com time to read: +3 min

Data research company the Burning Glass Institute, Harvard Business School and the Schultz Family Foundation recently ranked the 250 biggest U.S. public companies in terms of this kind of investment. Of all of the companies they surveyed, one stood out as the best place to grow your career: telecommunications giant AT&T. "In fact, less than 5% of all roles at AT&T require a college degree." "Additionally, of the roughly 45,000 roles we filled across the business in 2022, nearly 50% were filled by existing employees." Check out:The 10 best U.S. places to work in 2023, according to GlassdoorWant to land a remote job in 2023?

☆ 10 of the best companies to work for if you want to advance your career―some jobs pay more than $100K/yr
▼ + stars: | 2022-12-13 | by ( Gili Malinsky | ) www.cnbc.com time to read: +5 min

The company was among the best for career stability and growing talent. It ranked among the best companies for career launchpad, career stability and advancement without a degree. MicrosoftTech giant Microsoft came in among the top companies for career stability, growing talent and advancement without a degree. It ranked among the best companies for career launchpad, career stability and advancement without a degree. It ranked among the best companies for career launchpad, career stability, growing talent and advancement without a degree.

☆ Men without college degrees are dropping out of the workforce because they viewed their dead-end jobs as a threat to social status
▼ + stars: | 2022-12-11 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +5 min

Working-age men without degrees are exiting the workforce because it isn't helping their social status. For these men, jobs aren't just a source of income; they're a source of social status. That's especially true for white men, Wu writes, and younger men, who see a job with limited pay growth — which they believe could affect their marriage prospects and social status — as worse than no job. Why men without college degrees are leaving the workforce to save their social status, and what they can do insteadWu said marriage market anxiety for younger male workers is likely the prime reason for leaving the workforce when their social status declines. Studies show that stress and low-self-esteem linked to lower social status contribute to worse health and early death.

☆ Not having a college degree matters most early in your career. But there are workarounds for young workers.
▼ + stars: | 2022-12-06 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +6 min

Research suggests a college degree isn't as much of a requirement as it once was for many jobs. But there's one thing George lacks: a college degree. An analysis by the Burning Glass Institute, a nonprofit research group, found that the share of jobs requiring a college degree has fallen in recent years. Beat the bots through keywords — and find a friendly recruiterGeorge, who works at Logan Capital Management in Pennsylvania, could recall only one time when not having a college degree cost her a job. "If you're up against someone with a liberal arts degree, you're more likely to progress because you know how to sell," he said.

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