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☆ 317,000 student-loan borrowers are getting $6.1 billion in debt canceled after being misled about career prospects and how much money they could make after graduation
▼ + stars: | 2024-05-01 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The Education Department announced $6.1 billion in student-debt relief or 317,000 borrowers. The relief applies to borrowers who attended any Art Institute campus from January 1, 2004, to October 16, 2017. Investigations found that the Art Institutes misled students about career prospects and salaries. The Art Institutes were a for-profit system that prompted investigations from the attorneys general of Iowa, Massachusetts, and Pennsylvania. More broadly, the Education Department is working to implement its broader student-loan forgiveness plan after the Supreme Court struck down its first attempt.

Persons: —, Joe Biden's, Richard Cordray, Biden Organizations: Education Department, Art Institute, Investigations, Art, Service, Joe Biden's Education Department, Art Institutes, Aid, Corinthian College, Public Locations: Iowa , Massachusetts, Pennsylvania

☆ The numbers are in: Here’s how big your raise is likely to be next year
▼ + stars: | 2023-10-16 | by ( Aki Ito | ) www.businessinsider.com time to read: +5 min

Now it's: How much of a raise can I expect in 2024 if I stay in my current job? Sure — but it may wind up being the biggest boost in purchasing power that workers have gotten in years. If you think you deserve a raise that's higher than the 4% average, pay experts have a few tips. These days, as the hiring frenzy subsides, you're not as likely to get a bigger raise simply by switching companies. Which means that 2024 may be your last, best hope for landing an above-average raise — perhaps for years to come.

Persons: —, That's, it's, David Turetsky, What's, they're, Ruth Thomas, don't, Aaron Terrazas, Aki Ito Organizations: Congressional, Salary.com, Employees Locations: California, Washington, Payscale

☆ How big is your raise likely to be next year? We found out.
▼ + stars: | 2023-10-16 | by ( Aki Ito | ) www.businessinsider.com time to read: +5 min

☆ Pay secrecy norms have ‘simply lost their teeth,’ say experts. Here's why
▼ + stars: | 2023-09-18 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Westend61 | Westend61 | Getty ImagesNew York just adopted a pay transparency ruleNew York on Sunday became the latest state to adopt a pay transparency law. The pay transparency movement is relatively new. Fifty-six percent are more likely to apply for a company — even if they don't recognize the company name — if the salary range is listed, Indeed found. For one, pay transparency may lower overall wages of the broader population of employees, even while raising them for the "inequitably underpaid," Obloj and Zenger said. 'There's still plenty to negotiate' beyond salaryOf course, applicants aren't necessarily beholden to the salary or the pay range posted on a job ad, Woodruff-Santos said.

Persons: NCSL, Salary.com, Zenger, Mandi Woodruff, Santos, Woodruff, you've, they've, there's Organizations: Westend61, Getty, Sunday, Employers, National Conference of State Legislatures, National Women's Law Locations: York, California , Colorado, Washington, New York City, Colorado, Ithaca, Albany, Westchester, New York, Jersey, New Jersey, Cincinnati, Toledo, Ohio ; Maryland ; Connecticut, Rhode, Nevada

☆ Hundreds of people applied to be a ghostwriter for a yogurt company CEO. The kicker — the job pays up to $278,400 a year.
▼ + stars: | 2023-09-08 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

American Greek yogurt company Chobani was looking for an executive writer to ghostwrite for their CEO, paying up to $278,400 a year. Hundreds of people applied for the post, which has now been filled, per Chobani's website. The job post went viral online, prompting plenty of people to wonder aloud if their future lies in yogurt. On August 17, New York-based yogurt company Chobani posted an advert on its website and LinkedIn, offering between $185,600 and $278,400 in annual compensation — excluding bonuses — for a role writing on behalf of its CEO Hamdi Ulukaya. Still, the writing role's salary provoked a flood of social media reactions from people wondering if their future lies in yogurt.

Persons: ghostwrite, Hamdi Ulukaya, —, Lisa Lucas, @FrancisOKC, Chobani Organizations: Service, LinkedIn, Saks, Chobani Locations: Wall, Silicon, New York, York, Turkish, Iraq, Afghanistan

☆ The 10 worst states for high-paying entry-level jobs—'they just don't have the demand'
▼ + stars: | 2023-08-30 | by ( Gili Malinsky | ) www.cnbc.com time to read: +3 min

Here are the 10 worst states for high-paying entry-level jobs according to their findings , including the percent of entry-level jobs that offered pay higher than the state's median salary and the median salary according to BLS. When it comes to entry-level jobs, some industries notoriously pay better than others. Hawaii, the worst state for high-paying entry-level jobs, lost 15,000 residents between April 2020 and July 2022, according to the Hawaii Census. If there are fewer jobs available overall, there are, of course, fewer high-paying entry-level jobs available as well. That, too, would hamper the availability of high-paying entry-level jobs.

Persons: Julia Pollak, Amanda Augustine Organizations: BLS, Bureau of Labor Statistics, . Census, Hospitality Locations: Texas, Hawaii, . Massachusetts, Vermont, Alaska, Michigan, Pennsylvania, York, California, Barcelona

☆ 8 jobs that pay more than you think, including the Trader Joe's role that pays over $100,000 a year
▼ + stars: | 2023-07-26 | by ( Jenny Powers | ) www.businessinsider.com time to read: +8 min

The average salary in the US is $60,575, but you can make $125,000 managing a car wash at Buc-ee's. As of 2022, about 14,200 individuals were employed in this field and the mean annual salary was $70,290 , or an average of $33.79 an hour. According to recent information from Salary.com , bingo managers can earn between $51,965 and $112,599 a year, with a mean salary of $70,241. In 2022, the US Bureau of Labor Statistics listed the mean annual salary for truck drivers as $53,090, or $25.52 an hour. The mean annual salary is $81,530 , or $39.20 an hour, and 38,380 individuals were employed in this role in 2022, according to data from the US Bureau of Labor Statistics.

Persons: Joe's Topping, Joe's, there's Organizations: Service, Social Security Administration, US Bureau of Labor Statistics, Bureau of Labor Statistics, Walmart, Technologists Locations: Wall, Silicon, United States

I made a lot of mistakes with money in my 20s. When life got busy, I turned a blind eye to my money situation — until my credit card bill was sent to me. AdvertisementAnother big-ticket item on my credit card bill was rideshare costs, which could have been avoided in most cases. Before I knew it, I had a lot of open credit cards — and a desire to close them all. I knew that opening credit cards could help my credit score, but only if I used them and paid them off immediately.

Persons: —, Salary.com, Investopedia, I've Organizations: Service, Quicken, Karma Locations: New York City

☆ A medical resident with 200K TikTok followers shares the exact 2-page media kit she's used to get brand deals with Microsoft, Paula's Choice, and more
▼ + stars: | 2023-04-18 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +4 min

Dr. Sally Choi is a medical resident based in Texas who is working to become a radiologist. She shares the exact 2-page media kit she's used to work with brands like Panera Bread and GoodRx. When Dr. Sally Choi finally had some free time in 2021 during her fourth year of medical school, she decided to download TikTok. Here is the exact media kit Dr. Choi created to collaborate with brands:Page one of Dr. Sally Choi's media kit. Dr. Sally Choi

I read a lot about saving and investing and use investing apps that make it easy to build wealth. While these numbers look discouraging, I've never been more encouraged to build wealth as Black woman in America. I have four siblings, and we often talk about how we want to be the generation to build wealth and pass something on to our kids. Editor's Rating 4.36/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.34/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 3.9/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Learn more On Public's website Learn more On Wealthfront's website Learn more On Acorns' websiteIn 2017, I opened an IRA for the first time, and just contributed whatever I could. Overall, putting in the time and money to learn more about finances has helped me make wise money decisions and have a better shot at building wealth as a Black woman.

☆ Are you getting a pay raise this year?
▼ + stars: | 2023-02-16 | by ( Cindy Perman | ) www.cnbc.com time to read: +9 min

"Job switching is one of the best ways to get a raise," Nick Bunker, economic research director at Indeed, told CNBC. In January, for example, those who stayed got an average raise of 5.4%, while those who switched scored an average salary increase of 7.3%. Your best shot at getting that raise is going in there prepared. "State facts so you can show your boss what you're worth," Vicki Salemi, a career expert at Monster.com, told CNBC. Here are a few tips for asking for a raise: Know the going rate for your line of work.

☆ More companies say they're giving bigger raises this year—here's how much to expect
▼ + stars: | 2023-02-08 | by ( Jennifer Liu | ) www.cnbc.com time to read: +4 min

The biggest reasons for the generous raises are to temper turnover and help employees combat inflation, says Garry Straker, Salary.com's vice president of compensation consulting. Some 40% of HR leaders say it's more difficult to hire now than last year, and nearly a quarter say constant turnover is impacting their ability to hit business goals. Companies are planning for an average raise of 4.1% for workers, Straker says. But with the tech sector making up just 4% of the labor force, "layoffs do not seem to be ubiquitous," Straker says. Certainly layoffs are grabbing headlines, but there are a lot of employers still recruiting aggressively in the market."

☆ The art of the buffet: Cruise chef of two decades explains how ships feed thousands of passengers at sea
▼ + stars: | 2023-02-03 | by ( Hannah Towey | ) www.businessinsider.com time to read: +7 min

Marco Goetz has worked on some of the world's largest cruise ships as an executive chef. "On land, your daily routines are more organized — you know what is coming," Goetz told Insider. The art of the buffetGuests are served food in the Marketplace buffet onboard the cruise ship MSC Virtuosa. Throughout the cruise, buffet options are adjusted in accordance with guests' nationalities, Goetz told Insider. But, cruise ship workers receive living quarters (most chefs have their own cabin) and meals for free.

☆ Is it time to start paying stay-at-home parents?
▼ + stars: | 2023-01-21 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +11 min

As populations decline and Americans rethink work, it could be time to start paying parents. Like many of the stay-at-home parents Insider spoke to, Carpenter began his work in reaction to an economic reality. As workers across industries rethink what they want out of work, parents could be the final frontier. That leaves both working and stay-at-home parents to create their own economic models, and perhaps dissuades some Americans from ever becoming parents. The idea of paying parents in order to boost birth rates and ensure better outcomes for those children isn't new.

☆ We live in the era of salary transparency. But finding out what a job really pays is harder than ever.
▼ + stars: | 2022-12-27 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +5 min

Salary-transparency laws are increasingly common, but finding out what a job really pays is hard. New York, Nevada, Colorado, and Connecticut already have laws that require organizations to advertise a pay range for open positions up-front. So, how can jobseekers uncover what organizations pay? Could you please share the salary range offered for this position?" Academy of ManagementResearch shows that hiring managers are less likely to hire candidates who ask about salary and perks during job interviews.

☆ Asking about pay in a job interview makes you less likely to get hired
▼ + stars: | 2022-12-26 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +5 min

Research has found managers are less likely to hire people who ask about pay in job interviews. Asking about pay can make managers think you care more about the rewards than the actual job. The upshot for job seekers: Be patient. But research suggests that that's exactly how hiring managers will perceive you if you ask about pay and perks. The upshot for job seekers is that patience and restraint are key.

My family budget has a line item for my income: my paid work as a writer, and my unpaid work as a mom. This budgeting strategy gives my unpaid labor value — it recognizes that I work 12-14 hours a day. This unpaid labor balances out in the expense column, so there's no positive cash flow from it, but it appears on the budget anyway. If stay-at-home parents spoke up more about our monetary value, we might be more accurately seen as aggressively employed. Maybe the judgments would subside if we spoke up more about the monetary value of unpaid childcare, starting at home with our personal budgets.

☆ Here's how to find out if you're underpaid at work, and the exact script to use when asking your boss for a salary increase
▼ + stars: | 2021-03-22 | by ( Marguerite Ward | Shana Lebowitz | ) www.businessinsider.com time to read: +10 min

More US states, including New York and California, are requiring employers to post salary ranges on job listings. If you're starting to suspect you're underpaid, do your researchDoing some digging (on your personal computer, not at work) is your first stop. It's the more realistic number you're hoping to meet or exceed. Lennox said you'll typically want to start discussing professional development with your boss months before you actually ask for a raise. "All the hard work of researching what the range is for your next job is already done," Dickinson said.

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