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Many accountants resign due to inadequate pay and limited opportunities for career advancement, according to a recent report from The Institute of Management Accountants (IMA) and Robert Half, which surveyed over 1,200 current and former accounting and finance professionals. Britton says accountants leaving the field are often moving into jobs in finance and technology. To alleviate the talent shortage, more companies are increasing entry-level salaries for finance and accounting roles, offering referral bonuses and hiring temporary workers, the IMA and Robert Half report found. Many of these jobs offer remote or hybrid options, Robert Half found. Britton anticipates that the percentage of accounting jobs that are remote or hybrid will likely grow in the coming months as employers adjust their recruitment strategies to attract more talent.
Persons: Robert Half, Brandi Britton, Britton, they're, you've, Deloitte —, Julia Pollak, Organizations: Wall Street, The Institute of Management Accountants, IMA, Public, BLS, Accountants, Bloomberg, Big, KPMG, PWC, EY, Deloitte, CNBC Locations: U.S, FlexJobs
The biggest red flag hiring managers look for in job candidates is an AI-generated resume, according to new research from Resume Genius, which surveyed 625 hiring managers across the U.S. Other resume faux pas include poor formatting and typos. Here are the three biggest resume red flags that could cost you a job offer, and how to avoid them, according to a hiring expert:AI-generated resumesMore than half (53%) of hiring managers say they have reservations about resumes that include AI-generated content, with 20% calling it a "critical issue" that might prevent them from hiring someone. DON'T MISS: The ultimate guide to acing your interview and landing your dream jobFrequent job-hoppingSimilarly, resumes showing a pattern of frequent job-hopping make 50% of hiring managers hesitant to move forward with a candidate, Resume Genius found. This red flag is trickier to avoid: If you've switched jobs a lot, you can't lie about your employment history. Plus, hiring managers have different definitions of what constitutes excessive job-hopping.
Persons: Michelle Reisdorf, Robert Half, didn't, Reisdorf, it's, you've Organizations: U.S
Mark Kashef had long considered finance the most stable, lucrative field you could work in — until the release of ChatGPT. Kashef adds that, in the long term, he wouldn't be surprised if AI surpassed finance in terms of job opportunities and earning potential. AI brings new fears and opportunities for workersEconomists and HR experts say the future of the AI job market is bright — but its success isn't guaranteed. "If you look at the descriptions for AI job postings, many of the roles are still very exploratory, alluding to building or testing new products," Pollak says. Several industries outside of tech have demonstrated a clear, consistent interest in hiring for AI jobs, including retail, finance, health care and education, Pollak notes.
Persons: Mark Kashef, ChatGPT, Kashef, it's, wouldn't, , Julia Pollak, Pollak, Trey Causey, Causey, Ryan Sutton, Robert Half Organizations: Ottawa, Queen's University, Companies, Meta, Netflix, Amazon, Business Locations: , Kingston , Ontario, ODAIA, Toronto
Electronic Arts — The stock declined 3.3% after its fiscal third-quarter revenue came in below estimates. Google ad revenue came in at $65.52 billion, short of analysts' expectations for $65.94 billion, per StreetAccount. Starbucks' fiscal first-quarter adjusted earnings came in at 90 cents per share on revenue of $9.43 billion. This fell short of analysts' expectations for 93 cents in earnings per share and revenue of $9.59 billion, per LSEG. Revenue came in at $194 million, reflecting a 53% increase from a year earlier.
Persons: Elon Musk's, Richard Tornetta, Laxman Narasimhan, Stryker, Skyworks, Liam Griffin, Robert Half, FactSet, Teradyne, Darla Mercado, Scott Schnipper Organizations: Microsoft, LSEG, Electronic Arts, EA, Google, Starbucks, AMD, Powell Industries Locations: Delaware, Asia, North America, LSEG
You may want to think twice before you raise your voice in a meeting or complain about a co-worker behind their back. Loud talkers and office gossip are the most irritating office pet peeves, according to a recent report from Robert Half, which surveyed over 1,000 workers in August. "They're not just distractions, they're dangerous habits that can cause turmoil for your career." I've tried other methods and none have worked, so if there's any help or guidance you can offer, I'd really appreciate it." How to ward off office gossip
Persons: Robert Half, Dawn Fay, They're, It's, Fay, Brandon Smith, Smith, I'd, it's, I've
How to negotiate your dream job
  + stars: | 2023-09-30 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +8 min
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementBut first, negotiate, negotiate, negotiate. September is called the harvest moon, corn moon, and barley moon. While March is called the worm moon, sap moon, and crow moon. In other newsBeing "delulu" about a crush or job opportunity could help you achieve your dreams, a therapist said.
Persons: , Dianne Feinstein, we're, Robert Half, Scott Dobroski, Jenna Alexander, you've, Dobroski, Alexander, Charles B Cochran, Sir Noel Coward, Bob Riha, Christian Hartmann, Michael Jordan, Henrik Sørensen, Melissa Wells, It's, Naga Siu, Dan DeFrancesco, Hallam Bullock, Lisa Ryan Organizations: Service, Congress, Excellence, Southampton, Topical Press Agency, BMW, Chevrolet, CNN, BP, Eiffel, Reuters, NBA Locations: California, New York, Paris, France, San Diego, New York City, London
Insider Today: The hottest job markets
  + stars: | 2023-09-23 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +7 min
Speaking of change and mobility, if you're looking for a new job, we have an inside look at how competitive job hunting currently is. Justin Sullivan/Getty ImagesBad news for job hunters: You're competing with more people for a job now, compared with the same time period one or two years ago. AdvertisementAdvertisementHowever, data from LinkedIn shared with Insider comparing job vacancies with active applicants paints a more complex image. Rankings were based on job market and work conditions, affordability, crime and safety, workplace diversity, and health and leisure. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.
Persons: Justin Sullivan, there's, Rand, Mike Steinitz, Robert Half, Steinitz, you've, Hoshino, Craig F, Walker, Pano Christou, Arantza Pena Popo, Gen Alpha, Brittany Chang, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Companies, LinkedIn, Ministry of Justice, Hoshino Resorts, Brussels Airlines, Cambridge, Harvard University, Boston Globe, Getty Images, Getty Locations: Wall, Silicon, New York City, San Diego, United States, Japan, Pomfret , Vermont, Brussels, England, Massachusetts, Rhode Island, New Hampshire, situationships, Salem, Kansas, London, New York
Hybrid work continues to be the popular choice among employees. To help people find the best hybrid opportunities, FlexJobs identified the top 100 companies hiring for hybrid jobs in 2023. These companies had the highest number of hybrid job openings on FlexJobs in the last year, and are considered to be strong prospects for hybrid job seekers through at least the end of 2023. Here are the top 10 companies hiring for hybrid jobs in 2023, according to FlexJobs, along with the full list of the top 100 companies here. Other popular career fields for hybrid jobs are computer/IT, marketing and project management.
Persons: What's, FlexJobs, Robert Half, Kelly Lee Hecht Harrison, Aston, Toni Frana, Kelly, Robert, Lee Hecht Harrison Organizations: Meta, Deloitte, Financial, Elevance, Allied Irish Bank, AIB, Aston Carter Lincoln Financial, Robert Half International Locations: FlexJobs, York
Now that summer is starting to fade, the search for jobs is heating up. Now that summer is starting to fade, the search for jobs is heating up. It's sort of like a psychological thing, like: 'Oh, I should start looking,'" Steinitz told Insider. Applying for jobs can feel like a job itself, but be patient throughout this process. AdvertisementAdvertisementAnd if you aren't on the job hunt, beware of joining the growing contingent of "grumpy stayers" — people who are reluctantly stuck at their jobs amid a cooling labor market.
Persons: Here's, Mike Steinitz, Robert Half, Steinitz, here's, Brett Organizations: Service, Columbia Business School Locations: Wall, Silicon
Working adults or job seekers tend to prefer remote work over being in the office full time, per Bankrate. New survey results from Bankrate found 64% of US adults who are part of the workforce are in favor of fully remote work instead of work done all in person. AdvertisementAdvertisementOne person who is in a new fully remote position had previously been working remotely as an ad tech contractor. "I think fully remote work is going to be tough for them to find," Pozen said. AdvertisementAdvertisementAre you thinking about switching jobs or have already quit because of return to office requirements or a desire for flexible work?
Persons: Bankrate, YouGov, Mark Hamrick, it's, Robert C, Hamrick, Pozen, Paul Rubenstein, Visier, you've, Rubenstein, Robert Half Organizations: Service, MIT Sloan School of Management, Workers Locations: Wall, Silicon, Bankrate
Around 40% of UK employers have given counteroffers to staff looking to job hop in the past year, a survey found. Employers are hoping to retain staff for their knowledge, and skills, and to avoid replacing them. Almost half of employers say counteroffers are effective in retaining employees for at least 12 months. Some 40% say they do this by exceeding pay offers given by other employers, while 38% said they match the offers of other employers. Half of employers are planning to use counteroffers in the next year to retain staff for their company knowledge and technical skills, the CIPD's survey found.
Persons: they've, Gallagher, Yoko Spirig, counteroffers, Insider's Aki Ito, Michelle Reisdorf, Robert Half, Ito Organizations: Employers, Service, Privacy, Workers, Chartered Institute, Personnel, Google, Ford, Spotify, JPMorgan Locations: Wall, Silicon
A look at the day ahead in European and global markets from Tom WestbrookEarnings and hope for a turning in China's markets are the prelude to this week's big central bank decisions. The corporate performance and outlook risk disappointing markets that are increasingly priced for a "soft-landing" slowdown in both growth and inflation. In the Asia session investors cheered pledges of support in the readout from an earlier-than-expected Politburo meeting in China -- though not too loudly. The Eurozone bank lending survey is also out on Tuesday and can give a view on the health of borrowing ahead of Fed and European Central Bank meetings, which are both expected to deliver rate hikes. The yen was steady in Asia as investors weigh whether the Bank of Japan will tweak policy on Friday.
Persons: Tom Westbrook, Robert Half, Archer, Daniel Midlands, Morgan Stanley, Dalian Wanda, Sam Holmes Organizations: Microsoft, Google, Visa, General Electric, Dow, chipmaker Texas, Unilever, Shanghai, Traders, Dalian, Fed, European Central Bank, Bank of Japan, EssilorLuxottica, Texas Instruments, Verizon, General Motors, ADM, Spotify, Thomson Locations: United States, London, Paris, Asia, China, Hong Kong
The company posted earnings of $1.44 per share on $74.6 billion of revenue. Analysts called for earnings of $1.34 per share, adjusted, and revenue of $72.82 billion, per Refinitiv. Still, the company posted earnings of $2.69 per share, compared to the $2.55 per share anticipated by analysts, per Refinitiv. Wells Fargo — Shares of the bank jumped 3% in extended trading after Wells Fargo announced a $30 billion share buyback program. Teladoc said it lost 40 cents per share in its second quarter, beating analysts' estimates for a 41 cent loss per share, per Refinitiv.
Persons: Ruth Porat, Wells, Robert Half —, Refinitiv, Teladoc Organizations: Google, Revenue, Microsoft, Texas, — Texas, FactSet . Texas, NASA, Management Locations: Mountain View , California, United States
Is it still safe to quit your job simply because you don't want to return to the office? The job market is still strong and offers a higher share of remote job postings than pre-pandemicData from the Bureau of Labor Statistics, or BLS, shows the labor market is still robust. Cory Stahle, an Indeed economist, noted at a press event last week that "remote work is something that is here to stay." Even Indeed renamed its Remote Job Tracker given the demand for hybrid employees, noting as hybrid "work arrangements emerge as a primary modality of flexible work — which itself is a topic of growing interest to job seekers, employers and policymakers alike — we are updating and renaming the Remote Tracker to the Remote & Hybrid Job Tracker." Did you quit your job after being told to return to the office?
Persons: there's, , Insider's Juliana Kaplan, She's, Bonnie Chiurazzi, Chiurazzi, Lab's Daniel Culbertson, Culbertson, Cory Stahle, Stahle, Dawn Fay, Robert Half, Fay Organizations: Service, ADP Research Institute, Bureau of Labor Statistics, Labor, Survey Locations: North America
Goldman Sachs recommended buying three information services stocks that should be helped by artificial intelligence. Analyst George Tong scored how business and information services companies can deploy generative AI and analyzed the revenue impacts from the technology on these businesses. "We believe generative AI will have a profound and varied impact on the Business & Information Services sector over the medium-to-longer term," he said in a note Wednesday to clients. S & P Global has outperformed the broader market this year with a 17.8% gain. At the same time, Tong said, demand for AI-related research should only grow, which should provide a boost to the company's technology research arm.
Persons: Goldman Sachs, George Tong, Gartner, Tong, it's, Robert Half, — CNBC's Michael Bloom Organizations: P Global, Business & Information Services, P, Global, Wall, Gartner Locations: Real
Remote jobs aren't disappearing — they're just moving out of expensive coastal metros like New York and San Francisco. Faced with labor shortages and rising wages, companies are hiring for more remote jobs overseas and in smaller U.S. cities. Where remote jobs are goingRemote hiring is expanding beyond its traditional strongholds, like India, creating new "Zoomtowns" overseas and in pockets of the U.S. Midwest. The number of North American companies with remote workers in Central America and the Caribbean, for example, has grown 300% between 2020 and 2023, according to new research from Lightcast. How to stand out in a more competitive remote job market
Persons: Nicholas Bloom, Kim Rutledge, Rutledge, George Denlinger, Robert Half, Layla O'Kane, Bloom Organizations: Companies, U.S . Midwest, Stanford, U.S, U.S ., Lightcast Locations: New York, San Francisco, Phoenix, Asheville, Boise, India, U.S, Mexico, Philippines, Central America, Caribbean, Lightcast, Austin, Monterrey, Bengaluru, California, Robert Half . Illinois , Ohio, Nebraska, Denlinger
Despite a strong job market, human resources and employment services stocks have taken a beating lately. That could signal an economic slowdown ahead. Since March 1, the S & P 1500 Composite Human Resource & Employment Services Sub-Industry has seen accelerated underperformance versus the broader S & P Composite 1500 index. Large drawdowns in the jobs-related sub-industry tend to precede recessions and larger increases in unemployment. See below for details on how stocks in the S & P 1500 Composite Human Resource & Employment Services Sub-Industry have performed in recent months.
Persons: Dow Jones, nonfarm payrolls, Robert, ASGN, Korn, — CNBC's Michael Bloom Organizations: Industry, U.S . Bureau of Labor Statistics, ADP, Dow, Robert Half International, Wednesday, UBS, Robert Half, Kelly Services
Many job seekers have started using ChatGPT and similar AI tools to write résumés and cover letters. 39% of surveyed HR professionals said using AI in applications is a dealbreaker. Some recruiters said that using AI to write applications could be a "marketable skill." Plovie added that it's hard to say if companies will seek job candidates who have "expertise and experience" with AI tools. Are you an employer who doesn't want job candidates using AI tools to help with their résumés or cover letters?
Surveys show Gen Z and class of 2023 graduates want an in-person experience. In-person work can provide young workers with community, keep them engaged, and enhance their early workplace learning. Not so with Gen Z and the class of 2023. This generation wants the community, learning opportunities, and engagement that in-person work can provide — although some young professionals aren't a fan of in-office roles and prefer remote work. "Especially for new grads, they should balance the flexibility that they have for remote work and finding new opportunities with some of the benefits of in-person work," Pardue said.
But with private housing rents in Singapore maintaining the scorching pace of gains in 2023, those steps are likely falling short, forcing expatriate workers to even consider leaving the city for good. An exodus of foreign talent due to unaffordable housing costs would be a setback to Singapore in fulfilling its ambitions of becoming a technological and innovations hub. EXPAT WOESRecruitment companies said most expats in Singapore do not get housing allowances as companies are controlling their costs amid an uncertain global economy. That is cold comfort for Briton Natalie, who has been living in Singapore for 15 years and is facing a S$3,200 increment in monthly rent. ($1 = 1.3274 Singapore dollars)Reporting by Chen Lin in Singapore; Editing by Xinghui Kok and Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.
When Warren Buffett takes the stage at Berkshire Hathaway's annual meeting in Omaha on Saturday, he'll have a lot to talk about. He also prefers those that have demonstrated consistent earnings power, as well as good returns on equity. If Buffett were looking to add a tech name as a Berkshire subsidiary, there are three that fit his criteria — Monolithic Power Systems , Teradyne and Paycom Software . Monolithic Power Systems is near the top end of his range with its $22 billion market cap. MPWR YTD mountain Monolithic Power Systems Monolithic reported a first-quarter earnings and revenue beat on Friday.
Washington, DC CNN —Wages are now finally beating inflation, according to the latest quarterly data on wage growth. That was the biggest monthly increase since March 2022, though wage growth had gradually slowed since then. “The folks who left one company and went to another are the ones who are still benefiting from wage growth,” said Morgan Llewellyn, chief data scientist at Jobvite. Part of the continued strength in wage growth largely has to do with employers’ difficulty in hiring, which varies by industry. “Wage growth has still been higher for job changers than job stayers and that suggests that there’s still a shortage of labor for some companies,” said Dawn Fay, operational president at staffing firm Robert Half.
Joe, 37, is torn between leaving his job and clinging to the flexibility of remote work. Many remote workers like him have gotten used to the WFH lifestyle, and built lives around it. With remote job openings tapering off, more remote workers may be inclined to stay put. Even before the pandemic, remote workers tended to be happier and stay at their jobs longer than on-site workers. The share of remote postings could fall to 10% by the end of 2023, Stanford economist and leading work-from-home researcher Nick Bloom told Insider.
AI's been in use for years, of course, helping companies improve products, efficiency and their business models. Media conglomerate Comcast (the parent of CNBC) is harnessing AI to improve expenses and innovate within high-speed broadband, while Stanley Black & Decker mentioned it's using AI to help customers better measure the hardening of concrete. Here's how some of the biggest companies outside of technology are utilizing AI to improve their businesses: Healthcare companies bet on AI One of the biggest beneficiaries of the latest AI trends might be healthcare companies. Some health companies also view machine learning and AI as tools to assist in areas with doctor shortages or fewer resources. Minneapolis-based utility Xcel Energy said it's using AI technology to improve efficiency at its plants and move from "reactive to proactive maintenance," said Brian Van Abel, Xcel's chief financial officer.
Way back in 1993, the Financial Times ran a column bemoaning the grandiose job titles that were popping up in the US and the UK. Compared with enticements like higher pay and better benefits, tacking an extra "senior" onto somebody's job title is free. Some are mashing together a bunch of old words, resulting in monstrosities like "senior executive vice president" — not to be confused with senior vice presidents and executive vice presidents. Still, despite the downsides of title inflation, I think there are some redeeming qualities to the state of things today. It goes to show how our job titles aren't just a summary of our day-to-day responsibilities or an indicator of our place in the org chart.
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