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The data, gathered from the college and new grad career site Handshake, shows a similar share of seniors say the current economic news makes them feel pessimistic. 1 priority in looking for a job is to find one that will offer stability, and they're changing some of their career preferences to find it. Elsewhere, students from the class of 2024 were more likely to apply to jobs in construction, agriculture and education, according to Handshake data. Working more than a 9-to-5Rising seniors are preparing to work more than a 9-to-5 in order to make ends meet. Many are also hopeful that side-hustle income can supercharge their savings so they don't have to work a corporate job forever.
Persons: Christine Cruzvergara, Cruzvergara, they've, Young
Meredith Tabbone first decided to buy and renovate a cheap home in Italy to reconnect with her family history. More than four years and nearly half a million dollars later, her 1-euro home journey has given her a new perspective on work, life, friendships and happiness. Meredith Tabbone spent roughly $475,000 on her dream home in Sambuca di Sicilia. She also bought the building next door and spent the next four years managing a local crew on the massive renovation. In all, Tabbone spent roughly $475,000 on her Italian dream home.
Persons: Meredith Tabbone, Tabbone, Sambuca di Sicilia, Mickey Todiwala, I've, She's, she's Organizations: Sambuca, CNBC Locations: Italy, Chicago, Sicilia, Sambuca, America, Sambuca di, U.S, Sicily
The richest of the rich live in Washington, D.C., where it takes a salary of $719,000 to land in the top 5% of earners. Washington state has seen the most dramatic growth in what it takes to be rich in recent years, according to the report. By 2022, the salary it takes to stay at that level is more than $544,000. Back then, only Connecticut and Washington, D.C., had a 5% top-earning threshold of $500,000. Here's the salary it takes to be considered in the top 5% of earners in each state, listed alphabetically, plus Washington, DC:
Persons: Andrew Murray, Murray Organizations: Washington , D.C, Survey, Amazon, GoBankingRates, D.C Locations: America, Washington ,, Connecticut, Washington, Seattle, U.S, Washington , California , Massachusetts, Hawaii, Virginia, Colorado , New York , New Jersey , Illinois, Maryland, DC
But turnover rates are worse for women. CEOs are quitting at record rates, and the small share of women at the very top are leaving the fastest. Roughly 1 in 4, or 24%, of women CEOs leave their post within two years, according to RRA data going back to 2018. That's more than twice the share of the 10% of men who leave their CEO job in that window. With an even shorter timeline, women CEOs are four times as likely as men to leave the role within a year.
Persons: Russell Reynolds, Ty Wiggins, Wiggins Organizations: Global, Russell, Russell Reynolds Associates, McKinsey & Company Locations: LeanIn.org
Millions more Americans could become eligible for overtime pay. Here's what to know:The new salary limitsStarting July 1, 2024, people earning less than $43,888 per year, or $844 per week, would be eligible for overtime pay. It could also cause businesses to adjust their procedures so people work fewer overtime hours, giving employees more time back. Roughly 15% of salaried workers are currently entitled to overtime pay, and that will roughly double under the new salary limits. However, it's far lower than the 60% of salaried workers who were entitled to overtime pay in the 1970s, per the EPI.
Persons: Harris, Trump, Labor Julie Su, Who's Organizations: Biden, Labor, Fair Labor, Labor Department, Institute
But Gen Z workers ages 18 to 24 are the most likely to let those messages pile up. More than a third, 36%, of Gen Z workers say they have over 1,000 unread emails in their inbox, compared with 18% of office workers overall. They're also more likely than other age groups to say they've sent an email they regret, with 1 in 5 Gen Z professionals saying they "very often" regret the emails they send. "Gen Z's communication preferences are heavily influenced by the prevalence of instant messaging platforms and social media," he says. On the other hand, "the structured and formal nature of email communication may feel unfamiliar and more complicated to many [Gen Zers]," Touma says.
Persons: Gen, They're, they've, Gen Z, Esteban Touma, Zers, Touma Locations: Babbel
In the best U.S. city for remote work, the median household income is $71,000; rent is about $1,400 a month; homes are valued at about $412,000; and 58% of residents are college grads. The waterfront town is the highest-ranked U.S. city for remote workers according to a new analysis from Remote.com, a global HR platform for distributed teams. While most top cities are spread across Europe and Asia, Portland is the only U.S. city to crack the top 10. Here are the 10 highest-ranked U.S. cities for remote work, according to Remote.com:Portland, Maine (No. 20 overall) New York, New York (No.
Persons: van der Locations: Portland , Maine, Europe, Asia, Portland, Remote.com, Honolulu, Hawaii, Des Moines , Iowa, New York , New York, Concord , New Hampshire, Minneapolis , Minnesota, Hamilton , Ohio, Topeka , Kansas, Louisville , Kentucky, Montpelier , Vermont, U.S, Maine
That's the reality for the ultra rich, and people like Jaclyn Sienna India make it happen. India is the founder of a Sienna Charles, a members-only travel agency that caters to wealthy clients who take million-dollar trips around the world. That includes "arranging spa appointments, recruiting house staff, helping clients build a home gym, whatever they need," India told The Cut. "He has all the money in the world, but he didn't want to go to Michelin-star restaurants," India told The Cut. "A lot of our clients work really, really hard, and it's important for them to have consistency and routine wherever they go."
Persons: Jaclyn Sienna India, Sienna Charles, she's, they're Organizations: FedEx, Michelin Locations: Versailles, India, New York City, Dallas, Los Angeles, San Francisco
One of the most in-demand skills people want to learn in the workplace is also pretty straightforward: effective communication. Communication and etiquette topics are some of the most common courses being accessed in the TalentLibrary from Epignosis, a software learning company, according to internal data. The demand for learning "is about adapting to changes in the workplace," she says. Gialelli says her company's "email etiquette" course covers how to communicate effectively by making sure "the email includes very clearly the topic you're trying to cover, action items and next steps." Overall, Gialleli says businesses can help new employees learn the rules of communication and etiquette around the workplace by providing them with mentorship early on.
Persons: it's, Christina Gialleli, Gialelli, Gialleli Organizations: CNBC Locations: Epignosis, Babbel
More people are looking for a new job, and they have high salary expectations. The lowest average pay people would be willing to accept a new job reached $81,822 as of March, a new series high since 2014. That's according to the Federal Reserve Bank of New York's latest consumer expectations survey, which is fielded every four months. But to live comfortably by traditional budgeting advice, the average person needs to earn upwards of $89,000 — closer to the latest data on salary expectations — according to a recent analysis from SmartAsset. And despite a hiring slowdown, ZipRecruiter data shows more companies are actively recruiting to hire for open roles, and they're also extending more counteroffers to keep employees from quitting.
Persons: Julia Pollak Organizations: Federal Reserve Bank of New, Labor Department
April Jereza never intended to move abroad to Madrid, Spain, but now that she's been there for seven years, she thinks she'll stay for the long haul. "People in Madrid, and Spain in general, really understand that you don't live to work; you work to live," Jereza says. Other data touts the city's big benefits for professionals: Madrid is the No. 1 best city for remote work, according to a new analysis from Remote.com, a global HR platform for distributed teams. She now works as a product manager for a multinational social media agency from its Madrid office and works remotely part of the week.
Persons: Jereza, she's, she'll Organizations: CNBC Locations: Madrid, Spain, Canada, Europe, Remote.com, Spain Madeira, Portugal Toronto, Canada Auckland , New Zealand Tokyo, Japan Paris, France Portland , Maine, USA Taipei, Taiwan Stockholm, Sweden Reykjavik, Iceland
As a result, the 235-person company, which is 30% remote and 70% hybrid, created an office etiquette guide and required that all existing and new employees get training on it, says Christina Gialleli, the director of people operations at Epignosis. Some recurring issues of today's office include people talking too loudly in areas meant for focused work or taking personal calls in an open space. Unkempt workspaces are another big problem, Gialleli says. It's especially bad for teams that use hot-desking rather than keeping assigned spaces for employees, Gialleli says. In response, Epignosis employees are now trained on an office etiquette guide, which includes reminders about picking up after yourself in the communal kitchen and not adjusting the A/C to freezing.
Persons: Christina Gialleli, Gialleli Locations: Epignosis
Ever wanted to retract an email right after you've sent it? A majority of workers know the feeling, and the youngest professionals are the most likely to feel email regret. Some 88% of people say they've regretted the contents of a work email right after hitting send, and 28% even believe an email they've sent directly hurt their careers, according to a survey of 2,000 U.S. office workers from Babbel, the language learning platform. And just around 1 in 5 Gen Z office workers between 18 and 24 years old say they "very often regret" the emails they send. Two big mistakes that can lead to email regret is having typos and unclear messaging, says Esteban Touma, a cultural and linguistics expert at Babbel.
Persons: you've, they've, Esteban Touma Organizations: CNBC Locations: Babbel
Love it or hate it, communicating well over email is key to succeeding in an office setting. And if you want to get better at mastering the email game, you should prioritize one thing, says a language expert: timeliness. "A top tip for communicating well over email would be to prioritize responsiveness," says Esteban Touma, a cultural and linguistics expert at Babbel, the language learning platform. Touma stresses the courtesy of responding to emails quickly, even if it comes with the caveat that you'll return to the message with greater attention later on. What's more, 18% of people reported having 1,000 unread emails in their inbox, and 6% have more than 5,000 unread messages.
Persons: Esteban Touma Locations: Babbel
"Our research reveals that emails are a major source of workplace stress," says Esteban Touma, a cultural and linguistics expert at Babbel. As a language expert, Touma tells CNBC Make It he often sees people make two big mistakes when writing over email. Typos and grammatical errorsThe first big mistake Touma often sees is when people neglect to proofread and edit messages thoroughly. To avoid this mistake, take the time to proofread emails before you hit send, Touma says. For example, Touma says, "'Let's schedule a call when you have some time to kill, Brian' is politely addressing Brian.
Persons: they've, Esteban Touma, Touma, Brian Organizations: CNBC Locations: Babbel
There are plenty of good questions to ask during a job interview to get to know your potential new employer. "The most important question to ask before you accept a job is: What is your culture of learning?" These offerings are pretty typical but don't address the actual culture of learning, Raman says. Instead, listen for evidence of the following six components of a culture of learning, according to LinkedIn expert Britt Andreatta: Learning opportunities aren't just limited to scheduled courses. Junior workers may especially benefit from asking how managers promote a culture of learning, Raman says.
Persons: Aneesh Raman, Raman, they'll, Britt Andreatta, , Young Organizations: LinkedIn, Junior
Finland is the happiest country in the world for the seventh year running, according to the latest World Happiness Report. 'Serious business matters are taken care of; otherwise, we'll be like Mary's chickens on the loose.' Funny imagery aside, Makitalo says this phrase is meant to highlight the flat hierarchies common in Finnish work cultures. There's a mindset of: Let's not worry, let's not dwell on it, it will be taken care of when starting moving forward. Miika Makitalo CEO of HappyOrNot
Persons: Miika Makitalo, Makitalo, , let's, Miika, HappyOrNot Locations: Finland, U.S, HappyOrNot
Keys to becoming CEO: Communication and curiosityOver the next few years, Homara worked her way up from being the office manager. Homara is part of the board of directors for the Silicon Valley chapter of the National Association of Women in Construction, and she's communications chair for Women Construction Owners and Executives. Women have made strides in the construction field since 2016, when they comprised 12.5% of the industry. For example, Homara says one of the biggest misconceptions is what construction is "dirty, dusty and heavy" work, but not all construction jobs are labor intensive. In 2020, roles like construction laborers, carpenters and electricians made up 3 in 5 construction jobs.
Persons: Misha Homara, Sean, Keys, Homara, I've, Tricore Organizations: CNBC, San Francisco State University, National Association of Women, Tricore, Washington D.C, Washington Post, Labor Locations: U.S, Bay, Washington, Arizona, Florida
Nationwide, women outearn men in just 42 U.S. cities out of an analysis of some 1,800 cities, according to a new GoBankingRates report using Census Bureau data. : Women earn a median $69,983 a year Oakland, Calif.: Women earn a median $68,260 a year Goleta, Calif.: Women earn a median $65,030 a year Laurel, Md. : Women earn a median $65,008 a year Monrovia, Calif.: Women earn a median $62,016 a year Hackensack, N.J.: Women earn a median $60,237 a year Newark, Del. : Women earn a median $58,769 a year Chamblee, Ga.: Women earn a median $58,590 a yearIn each of these cities, women outearn men by a share of .14% to 18.95% of what men earn. However, men outearn women in each of these cities by a rate of 60% to 70%.
Persons: Bowie, Andrew Murray, Murray, San Organizations: Washington D.C, CNBC, Research, Department of Defense, Calif Locations: U.S, Md, Clinton, Fort Washington, Oakland, Calif, Goleta, Laurel, Monrovia, Hackensack, N.J, Newark, Del, Washington, Jacksonville, N.C, Los Altos, Saratoga, McLean, Va, San Carlos, Wellesley, Mass
When your boss is the president of the United States and gives you career advice, you take it. Aneesh Raman was working as a speechwriter for President Barack Obama from 2011 to 2013 and remembers one key piece of career advice the president would often share: "Worry about what you want to do, not who you want to be." Before his political career, Obama got his start in community organizing in Chicago. LinkedIn recently identified fast-growing jobs on the rise in 2024, including chief growth officer and sustainability analyst — many of which didn't exist 20 years ago. This framework is the "safest" way to think of a long-lasting career, Raman says, "because you can control all of those levers, versus job title.
Persons: Aneesh Raman, Barack Obama, Obama, Raman, who's Organizations: CNBC, LinkedIn Locations: United States, Chicago
Valerie Valcourt has lived all around the U.S. in Seattle, New York City and Washington, D.C. But she made her biggest move yet last year when she quit her six-figure Big Tech job to go to pastry school in France. She'd always wanted to live abroad and go to culinary school, so she began researching her options. Valerie Valcourt quit her job as an executive assistant and moved to France for culinary school in her 30s. Valerie Valcourt American who moved to France for pastry schoolTo start, her employer covers her seasonal housing, at least until April when a new intern class starts.
Persons: Valerie Valcourt, She'd, Valcourt, I'm, she's Organizations: Big Tech, CNBC Locations: Seattle , New York City, Washington, France, Seattle, Connecticut, Pont, l'Isere, Europe, Switzerland, Paris, London
The four-day workweek is gaining momentum in Congress: Sen. Bernie Sanders, I-Vt., introduced legislation Wednesday that would reduce the standard workweek to 32 hours without a pay cut. The act would shorten the standard workweek over four years by mandating that overtime pay kicks in after 32 hours worked in a week, down from the current 40. Today's 40-hour workweek has been federal law since 1940 following the passing of the Fair Labor Standards Act. Proponents of a shorter workweek say advances in technology have made workers more productive, but have not resulted in higher wages or time back. Supporters say a lower overtime threshold would encourage business to either pay workers more for longer hours, or shorten their week and hire more people.
Persons: Sen, Bernie Sanders, Sanders Organizations: Fair Labor, Wall
4 city with the least amount of competition to land a "highly paid" job, according to a new analysis from Career.io, a career management platform. 19 Toledo, Ohio, among the biggest least competitive towns with some 269,000 residents, barely one person applies to a highly paid job there every day, on average. The top cities with low competition in the job market have a higher share of these vacancies. On the flip side, the most competitive place to land a highly paid job is Salt Lake City, where every highly paid open job (defined as a salary over $94,515) received roughly 35 applicants every day. Several inland cities, including St. Louis and Denver, showed fiercer competition on the high-paying job market over coastal cities including San Francisco (No.
Persons: Taylor Tomita, Tomita Organizations: LinkedIn, of Labor Statistics, Census, NeoMam Studios, Career.io Locations: Sitka , Alaska, Parkersburg, W.V, Toledo , Ohio, Parkersburg , West Virginia, Nampa , Idaho, , Montana, Sitka, Alaska, , Nebraska, Kearney , Nebraska, Dover , New Hampshire, Laredo , Texas, Morgantown, West Virginia, Olathe , Kansas, Salt Lake City, Louis, Denver, San Francisco, Los Angeles, New York
She'd always wanted to go to culinary school abroad and, after some online research, submitted her application to a French school on a whim. Tuition ranges from 4,300 euros ($4,666) for two months of just cooking lessons, or up to 18,700 euros ($20,290) for a year-long program with cooking lessons, pastry lessons, French lessons and an internship. She officially moved to France in January 2023 and began her accelerated three-month program of intensive pastry courses and French lessons, followed by a four-month internship. Valcourt says the best things about her pastry job are learning new skills and working with her hands. Looking back, she's grateful her first try at culinary school didn't pan out.
Persons: Valerie Valcourt, it's, Valcourt, She'd, , France Valcourt, she's Organizations: Big Tech, Seattle, CNBC Locations: South, France, Seattle, New York, Connecticut, Pont, l'Isere
Workers from the entry level to to the C-suite are prioritizing the adoption of artificial intelligence at work, but leaders don't seem to be investing in the tools to help their employees learn on the job. A majority, 4 in 5 workers say they want to learn more about AI and how it can be used in their role, according to LinkedIn's latest workplace learning report. Meanwhile, just 38% of U.S. executives say they're currently helping workers become AI-literate. Nearly three-quarters of CEOs call generative AI a "top investing priority" and are spending on AI to increase profitability, innovation and security, per a recent survey conducted by KPMG. However, more than half of respondents said they're spending more money on new technology than on training current employees.
Persons: they're Organizations: KPMG
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