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Read previewThe hiring process seems to have become increasingly complex in recent years, with job seekers facing new tests, more interviews, and months of waiting to hear back from prospective employers. Job seekers have been taking to social media to complain about jumping through various hiring hoops just to secure an entry-level job. He said that in recent years, the hiring process has slowed down as the number of interview rounds has increased: "It reflects a lack of understanding by employers about what they're actually looking for." Advertisement"Many interviews and job assessments now take place online, which means candidates need to adapt to virtual interactions and later demonstrate their skills remotely," she said. When job interviews started to be done on Zoom and managers had fewer opportunities to evaluate candidates, more employers began using cognitive and psychometric assessments as part of their hiring process.
Persons: , Chris Abbass, Abbass, Peter Cappelli, Wharton, They've, Cappelli, Nikita Gupta, they're, Gupta Organizations: Service, Business, school's, Human Resources, Harvard Business, Big Tech
The Zumper study found that San Francisco, offered the highest earning potential for new grads, while Laredo, Texas, ranked as the worst overall city for recent college grads. One major city that didn't make Zumper's top 10 is New York City. It did score well, though, in the metric of the population for 18-34 years and the population of 25-year-olds with Bachelor's degrees. New York City also had the No. 1 highest concentration of young people, with Los Angeles ranking at No.
Persons: Zumper Organizations: American, New, Los Angeles Locations: Zumper.com, San Francisco, Laredo , Texas, New York City
New college graduates are having a harder time finding work, and as a result, some of them could see their careers and earnings take a hit for years. Meaning that recent college graduates have been more likely to be unemployed than the broader population. This new normal has worked out OK for some Americans, but it's been particularly tough on new college graduates. While the tough job market could temporarily hurt some young graduates' earnings, there's reason to be optimistic that their finances could eventually recover. But if the job market continues to prove frustrating, some of them may begin to wonder.
Persons: Lohanny Santos couldn't, Zer, Santos isn't, overqualified, millennials, Gen Zers aren't, Julia Pollak, ZipRecruiter, it's, — aren't, they'd, , grads —, Goldman Sachs, Elise Peng, Louis, who's Organizations: Service, Business, New York Fed, NY Fed, Meta, Rice University's, Bloomberg, LinkedIn, National Association of Colleges, Glass Institute, Strada Education Foundation, Federal, Louis Fed
Larock's experience comes at a time when, at least on the surface, the jobs market has continued to glide along. But worries are growing that the labor market is beginning to show cracks. Welcome to the good news-bad news labor market, where the collective experience is positive but not as much for individuals in particular groups. "But the bad news is that new entrants to the labor market are faring less well," Peng added. While Peng characterized the jobs market as "strong overall," she said there are "soft soft spots" that are particularly hitting "new entrants to the workforce."
Persons: Samantha McCloud, Victoria Garcia, Jessel Rincon, Irfan Khan, Julianna Larock, Larock, Jacqueline Novogratz, Michael Novogratz, Julianna LaRock, nonfarm, It's, Goldman Sachs, Elsie Peng, Peng, Molly Huang, it's, Huang, David Pakula, Cory Stahle, Joanie Bily, Bily, grads, Ethan Mariano, Mariano Organizations: Temple City High School, Los Angeles Times, Investment Partners, University of Delaware, Fordham, Bureau of Labor Statistics, Goldman, Penn State University, Vanguard, Gettysburg College, American University, State Department Locations: Temple City , CA, Wilmington , Delaware, New York City, New York, Horsham , Pennsylvania, U.S, Washington ,, Hazleton , Pennsylvania
Our wedding budgetWe have a wedding budget of $20,000, with a guest list of around 120 people. Some of my family members won't be able to travel to Mexico, so we plan to invite them to dinner after our City Hall civil wedding. Some of my family members won't be able to travel to Mexico, so we plan to invite them to dinner after our City Hall civil wedding. We plan to help subsidize five rooms for 10 family members by contributing $1,000 per room, or half the cost. We plan to help subsidize five rooms for 10 family members by contributing $1,000 per room, or half the cost.
Persons: , Xavi, We've, Vazquez, Viviana Vazquez, maxing, Robert Dula, we'd, I'm, San Miguel de Allende, Viviana Vazquez Viviana Vazquez, Jane Zhang Organizations: Service, Baruch College, Business, City Hall, City Locations: New York City, Mexico, Atlanta, New Orleans, Vazquez, Nola, Cancún, New York, San Miguel, janezhang@businessinsider.com
New York CNN —It’s almost laughable at this point when Bryn Savidge gets a job rejection email. But she is relieved to have at least secured a summer internship at an environmental science publication. But after applying to more than 100 jobs since fall, the Kenyon College grad is having second thoughts. Courtesy Bryn SavidgeOn paper, the job market looks like it’s hardly ever been better. But zooming in on the job market for recent college graduates paints the economy in a much less rosy light.
Persons: New York CNN — It’s, Bryn Savidge, , ’ ”, Savidge, we’ve, , Savidge hasn’t, Bryn, Kory Kantenga, Kantenga, Angela Mangione, Mangione, Angela Mangione “, I’ve, Biden, Moises Brito, Chapman, he’s, Brito, he'll, doesn’t Organizations: New, New York CNN, Kenyon College, Kenyon College grad, of Labor Statistics, , Colgate University, CNN, Deloitte, Society, Chapman University in Locations: New York, Columbus , Ohio, Buffalo , New York, Chapman University in Orange , California, Orange County , California
watch nowOutcomes for workers without a degree are improvingIn fact, young adults without a college degree are doing better than they have in years, according to Pew's analysis of government data. Since then, circumstances — and earnings — have continued to rise for workers with just a high school diploma or some college. Improving job opportunities for "new-collar" workers without a degree continues to drive more students away from college. Finishing college puts workers on track to earn a median of $2.8 million over their lifetimes, compared with $1.6 million if they only had a high school diploma, Georgetown's report found. Adults with at least a bachelor's degree report higher financial well-being than adults with lower levels of education, according to a Federal Reserve study on economic well-being of U.S. households.
Persons: Fry, , Hafeez Lakhani, There's, Pew, Paul Steiner Organizations: Labor, Georgetown University Center, Education, Federal, College, ECMC Group, Virginia's Fairfax County Public Schools, Community Education Locations: New York, York, U.S, Virginia's Fairfax County
Barbara Corcoran has dished out her latest advice for college grads. She tells them not to chase the money, and instead to look for the best boss. Her latest advice is targeted at college graduates. Instead of following the money, she advises college grads to find the job where they'll learn the most and where they'll find the best boss. This story is available exclusively to Business Insider subscribers.
Persons: Barbara Corcoran, , grads, they'll Organizations: Service, CNBC, Business
Steve Jobs' former intern has some sage advice for college graduates: stop focusing on working for big companies and instead find the best people to work for. Chet Kapoor, chairman and CEO of generative AI company DataStax, has had an illustrious career in Silicon Valley. The Kolkata-born tech leader started out working at Steve Jobs' software company NeXT in 1986 and went on to become CEO of API management company Apigee which was acquired by Google in a $625 million deal in 2016. Kapoor said his experience observing Jobs played a role in shaping his leadership style. "I can attribute a large portion of my success to my first two or three years at NeXT," he added.
Persons: Steve Jobs, Chet Kapoor, Kapoor, Jobs Organizations: NeXT, Google, Jobs, CNBC Locations: Silicon Valley, Kolkata
In 2024, Gen Z workers are expected to outnumber baby boomers in the American labor force for the first time. Gen Z workers know what their bosses are saying about them, and they'd like to have a word. Some leaders even go as far as saying they avoid hiring Gen Z workers, who are as old as 27 this year. Myth: Gen Z is asking for too muchMany leaders think Gen Z are entitled not just in their earning power, but what they expect out of work in general. Myth: Gen Z workers will quit because they're disloyalIt's long been true that early-career professionals are more likely than seasoned workers to change jobs quickly.
Persons: Gen, Zers, Z, Keely Antonio, Baby Boomers, Gen Z, Antonio, Ziad Ahmed, Ahmed, Booth, I'm, Ziad Ahmed Head, They're, they're Organizations: CNBC, Baby, JUV Consulting, Fortune, United Talent Agency, UTA Marketing Research, Workers
The class of 2024 is facing a tough job market. Hiring has slowed across the U.S., and entry-level jobs are getting more competitive in the wake of white-collar layoffs. Tai Walker, a senior at William Paterson University in Wayne, New Jersey, started her job search in March 2024 and has submitted over 100 applications. Walker says she's researching artificial intelligence and other tech boot camps to broaden her skill set and increase her job prospects. Even though some entry-level jobs have gotten harder to land, industries experiencing staffing shortages like education and construction are still hiring new college grads.
Persons: Tai Walker, Walker, who's, She's, Harry Holzer, Kory Kantenga, Kantenga, , you've Organizations: William Paterson University, CNBC, Georgetown University, Labor Department, Employers, National Association of Colleges, LinkedIn, Education, Financial, Investment, Tech, Health, Kantenga Locations: U.S, Wayne , New Jersey, Americas
New York, Washington, D.C. and other major metros may be some of the most sought-after job markets for young professionals, but for ample opportunities and high-paying roles, they may have better luck in the Sun Belt. The metro areas around Tucson, Arizona; Tallahassee, Florida; and Gainesville, Florida; are the fastest-growing job markets for entry-level roles, according to new data from LinkedIn. The top industries hiring entry-level workers are secure fields like manufacturing, government, education and health care. 1 priority is finding a job with stability. The professional services sector has seen more layoffs in recent years, Kantenga says, but common jobs in consulting and legal services also pay "extremely well," which may be a worthwhile tradeoff for young people.
Persons: Kory Kantenga, Kantenga, grads Organizations: LinkedIn, Sun Locations: York, Washington, Tucson , Arizona, Tallahassee , Florida, Gainesville , Florida, Tallahassee, Florida, Chattanooga , Tennessee, Savannah, Georgia, Des Moines , Iowa, Birmingham , Alabama, Harrisburg , Pennsylvania, Huntsville , Alabama, Hartford , Connecticut, South, Americas, Tucson
And recent grads aren’t just finding any job, they’re finding good jobs. Not all is well: The EPI study found that racial and gender wage gaps still remain large among recent grads. GameStop shares tripped multiple circuit breakers — a temporary and mandated halt in trading to let investors cool off for a bit. Robinhood denied claims on social media on Monday that it had once again halted GameStop stock purchases on its platform. Robinhood has not shut down the purchase of Gamestop shares,” Robinhood spokesperson Anupriya Ghate said in a statement to CNN.
Persons: it’s, , Katherine deCourcy, Elise Gould, , Z, Z’ers, Krystal Hur, Keith Gill, Roaring Kitty, Gill, Robinhood, , Anupriya Ghate, ” Shein, Shein, CNN Shein Organizations: CNN Business, Bell, New York CNN, Economic Policy Institute, Stanford Institute for Economic Policy Research, Employers, GameStop, AMC, Partners, AMC Entertainment, Gamestop, CNN, Workers, Public, Public Eye Locations: New York, Black, Swiss, Guangzhou, China
When I asked new college graduates last month to tell me about their job searches, I got back a ton of heartache. For some, a sense that college was a waste of time and money. John York wrote that he was about to earn a master’s degree in mathematics from New York University. Utterly demoralizing,” wrote Beth Donnelly, who is graduating this month with a major in linguistics and minors in German and teaching English as a second language. “I’ve been searching since early August for full-time, part-time or internship positions after I graduate.
Persons: John York, , , he’s, ” Mauricio Naranjo, Beth Donnelly, I’ve Organizations: New York University, Financial Analysts
Two college seniors share their feelings about graduating and the gifts on their wishlist. From gift cards to new laptops, these are the items college seniors want to help them transition into their next chapter. Useful gifts like a travel backpack, new set of AirPods, or Apple Gift Card for flexible purchases would be great for his upcoming adventures. What college grads are asking for: An updated laptopHigh-quality headphonesWork clothes or accessoriesGift cardTravel accessories or equipmentShop Apple Gift Card here. This post was created by Insider Studios with Apple Gift Card.
Persons: Leor, weren't, Danya, Emma Z, She's, Emma Organizations: Apple, Insider Studios Locations: COVID, Boston, New Brunswick, Canada, Asia, New York City
New graduates in Austin, Atlanta, and Houston earn the highest cost-of-living-adjusted starting salaries, per Gusto. New York City attracts the largest share of new grad hires despite offering a smaller adjusted salary. AdvertisementRecent college graduates are flocking to New York City for their first jobs, but their degrees may go the furthest in Texas or Georgia. New data from small business payment platform Gusto reveals new grads in Austin, Atlanta, and Houston have the highest cost-of-living-adjusted starting salaries when factoring in housing and other expenses. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Houston, New, Service, Business Locations: Austin , Atlanta, New York City, Texas, Georgia, Houston, Austin
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
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
Read previewAt the talent agency WME, top agents work to nurture the careers of A-list stars like Selena Gomez and Ryan Coogler. AdvertisementTrainees learn from WME clients like Rachel Maddow. At the end of each year, there's a fireside chat with Mark Shapiro, president and COO of WME parent Endeavor and TKO, who's been joined by WME clients Rachel Maddow and Robin Roberts. AdvertisementThe program helped lead to a TV show dealTrainees presented a business plan for WME client Christina "Tinx" Najjar. (The trainee program is separate from WME's highly competitive mailroom program that trains recent college grads to become agent assistants.)
Persons: , Selena Gomez, Ryan Coogler, Marc Korman, Rachel Maddow, Nathan Congleton, Mike Simpson, Quentin Tarantino, there's, Mark Shapiro, who's, Robin Roberts, Justin Timberlake, Korman, Christina, Tinx, Dia Dipasupil, William Morris, Anna DeRoy, Talitha Garrett, WME's, Garrett, DeRoy, WME, It's, Ari, Ari Emanuel, COVID, they'll, Nat Wyatt, Maddow, Sunny Hostin, Wyatt, they're, Olivia Rodrigo Organizations: Service, Business, Getty, Endeavor, HBO Locations: NBCU, Silicon, Nashville
There are 620,000 more adults living with their parents in the UK than a decade ago. In the US, the percentage of young adults living at home has climbed 87% over the past two decades, according to the US Census Bureau. More than one-third of Gen Z respondents in a 2022 Freddie Mac survey said it's something they thought they'd never be able to achieve. A similar share of young adults lived with their parents in the wake of the Great Recession in 2010 — 44%. For many young adults, living on your own is an important step to feeling grown up.
Persons: Bethany Clark, didn't, she's, Clark, they'd, Moody's, renter, Zers, homebuyers, Gen, Freddie Mac, millennials, Z, grads, We're, Amy Lewthwaite, Lewthwaite, shouldn't, I've, Sarah Obutor, who'd, Obutor, , Gen Zers, Jeffrey Jensen Arnett, Arnett Organizations: Census Bureau, Bloomberg, Harris, National Association of Realtors, Bloomberg Businessweek, Guardian, Financial Times, Urban Institute, Northumbria University, Clark University Locations: Surrey, England, America, London, Georgia
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
New York is still the go-to city for recent college grads, but according to a new report single young professionals are looking elsewhere. This month, Renthop released its ranking of the best U.S. cities for single young professionals. 81, while New York City was named the worst city for single young professionals with a score of 34.73. The Renthop report states that since New York City is one of the most expensive rental markets in the world, it is a less-than-ideal place for young professionals. The average rent in New York City is $3,400, according to Zillow.
Persons: Renthop Organizations: Los Angeles, New Locations: York, New York City, Los Angeles, New York
Young workers are applying to cities outside traditional tech hubs, according to a new report. AdvertisementForget Silicon Valley, Austin, or even Miami — young workers are hunting for tech jobs in smaller cities across the country. Handshake determined which US cities saw the biggest increase in job applications between 2021 and 2023, based on the number of full-time job applications submitted on its platform. Tech workers of all ages are gravitating to mid-size cities in search of lower cost of living and a more laid-back lifestyle. Handshake found these 10 cities had the biggest year-over-year increase in job applications on its site:
Persons: , Handshake's, it's, Christine Cruzvergara Organizations: Service, Google, Big Tech, Tech Locations: Columbia , Maryland, El Paso , Texas, Valley, Austin, Miami, Boise , Idaho, Fairfax , Virginia, California , Washington, New York —
What to expect at work in 2024
  + stars: | 2024-01-02 | by ( Jeanne Sahadi | ) edition.cnn.com   time to read: +7 min
Another recent survey by consulting firm Mercer found that employers expect to promote just under 10% of their employees this year. Expect, too, to see a wider variety of employers offer more financial wellness benefits in 2024. “After three years of turmoil it finally looks like [work from home] has stabilized and 2024 will look a lot like 2023. Employees who can work a hybrid schedule are generally working from home roughly 30% of the week (or about 1.5 days), Bloom noted. For example, someone with a busy work schedule may opt to take them via text or chat on their phone on a Sunday morning, he said.
Persons: WTW, Mercer, ” Mercer, Rich Fuerstenberg, Emily Rose McRae, ” McRae, McRae, , Nick Bloom, Bloom, Anthony Reynolds, Reynolds Organizations: New, New York CNN, Gartner Inc, , Stanford University, Employees Locations: New York
AI startup CEOs gave Business Insider their top tips for recent grads. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The speed at which the industry moves can be daunting for anyone trying to land a job in AI . Here are the top tips that founders and CEOs of fast-growing AI startups have for recent grads who want to jump into the field.
Persons: , Ian Cairns, Cairns, Benji Barash, you've, it's, Henry Scott, Green, David Hsu, Navrina Singh, Sam Altman, Singh Organizations: Business, Service Locations: OpenAI
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