DIRS.INFO The most relevant business & tech news

☆ 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."

☆ Can you file for unemployment if you're getting severance or freelancing? Here’s what to know
▼ + stars: | 2023-02-07 | by ( Jennifer Liu | ) www.cnbc.com time to read: +6 min

Who qualifies for unemployment benefits? You're eligible to receive unemployment insurance if you lose your job through no fault of your own, which includes being laid off. The average weekly unemployment benefit was around $385 as of the third quarter of 2022, but it can vary widely. Should you file for unemployment if you're getting severance? Some states will let you apply for and receive unemployment benefits even if you're getting severance pay, whereas others say severance money could lower your benefit amount or make you ineligible at that time.

☆ Job interview tips to help you get hired: What to say, mistakes to avoid, how to answer key questions and more
▼ + stars: | 2023-02-02 | by ( Cindy Perman | ) www.cnbc.com time to read: +7 min

Career coach Natalie Fisher said there are four common reasons why you might get a job interview but not a job offer: 1. The Art of Tooting Your Own Horn Without Blowing It": Pump yourself up before you walk into a job interview. Interview tips from an HR pro who tracked her job search on TikTokAnd finally, a few job interview tips from Jordan Gibbs. Here are a few of her top job interview tips: Never count your chickens before they're hatched. Read more job interview tips from Gibbs and how she ultimately landed her job.

☆ The No. 1 job interview question to ask to spot a red flag, from an HR pro
▼ + stars: | 2023-02-02 | by ( Jennifer Liu | ) www.cnbc.com time to read: +3 min

The answer will speak to either the culture of the company or the product of the company, Gibbs says. "If the answer is, 'I wish the team was more connected,' that's a culture fit question and a red flag," Gibbs says. When she gets to later rounds of interviews, Gibbs also likes to ask the question: What do you foresee would be the biggest challenge for me coming into the company? This is a chance to have the hiring manager offer an assessment of where your skills and experience align with their needs. For example, Gibbs' new job will involve a transition from working in tech to financial media.

☆ Mass tech layoffs don't signal a recession, but this trend could
▼ + stars: | 2023-01-31 | by ( Jennifer Liu | ) www.cnbc.com time to read: +3 min

" Loud layoffs " in tech have a disproportionate chilling effect, says ZipRecruiter chief economist Julia Pollak, because they're happening at household name-companies that just experienced rapid growth. But while these job losses are sudden and no doubt disruptive to the people impacted, they're not the wave of job cuts that would signal a recession, economists say. "We're not in a recession yet" and may not realize we're in one until it's over, says ADP chief economist Nela Richardson. Tech companies may be "pruning" their headcount, Richardson adds, but they're still investing in building future technology, and by extension, workforces. "We've entered a new era of the labor market," Richardson says, "where just-in-time supply of goods or workers has been disrupted, and workers may not be there when you need them."

☆ 5 job interview tips from an HR pro who tracked her job search for 69 days on TikTok
▼ + stars: | 2023-01-31 | by ( Jennifer Liu | ) www.cnbc.com time to read: +4 min

When Jordan Gibbs was laid off from Lyft in November, she joined thousands of other tech workers suddenly on the job market. But as a recruiter with eight years of experiencing hiring in tech, Gibbs, 31, had a leg up in terms of getting organized for her impending job search. And after 69 days, 173 job applications, 42 interviews and 2 rejections, she accepted an offer in January and will start a new job with Bloomberg in February. For example, Gibbs received one rejection on day 48, even after she'd been to an interview onsite. But she didn't totally ignore cold-applying to jobs (that's ultimately how she got in touch with Bloomberg), though she knows it's typically less successful, especially so in today's tech market.

☆ How 3 people are using the Year of the Rabbit to reflect on work and money: ‘We all need to find balance’
▼ + stars: | 2023-01-28 | by ( Jennifer Liu | ) www.cnbc.com time to read: +3 min

It's the Lunar New Year, and according to Asian folklore, the incoming Year of the Rabbit is a good time to slow down, reflect and strive for balance around work, money and life. "It was a consume, consume, consume kind of year. Laura Lau, the co-author of "The Handbook of Chinese Horoscopes," says the rabbit sign is one that prizes patience and diplomacy over confrontation. "It's a time that will be hard for people to work together, deal with conflict and work in groups again," she says. "The rabbit is a sign of peace, so cultivating empathy in work relationships will lead to flourishing in one's profession," he says.

☆ A 4-day workweek might be coming to Maryland: 'We could be on the verge of a win-win situation'
▼ + stars: | 2023-01-27 | by ( Jennifer Liu | ) www.cnbc.com time to read: +1 min

A four-day workweek could be coming to Maryland. A new bill introduced by Maryland lawmakers this month incentivizes both public and private employers to experiment with a shortened workweek without cutting pay and benefits. Under the program, businesses that shift at least 30 employees from a 40-hour week down to 32 could get a state tax credit. The bill also encourages state and municipal government agencies to implement a shorter workweek and report their results. Following a six-month trial, workers said their performance improved and their levels of burnout went down.

☆ Dealing with a layoff? There's a TikTok community for that
▼ + stars: | 2023-01-26 | by ( Jennifer Liu | ) www.cnbc.com time to read: +3 min

It's kind of like more unfiltered (and sometimes messier) version of the LinkedIn layoff post that gained steam throughout the last year. And it's a sharp turn from viewing a layoff as something to be embarrassed about and keep private. Young workers aren't staying quiet. Many young workers are using the platform to process their feelings, especially when they receive the news at while working from home and don't have colleagues or friends nearby to vent with. If not for connection, viewers may flock to these layoff reaction TikToks hoping to calm their own anxieties about layoffs.

It is not clear whether the special grand jury's findings will lead to criminal charges against Trump or anyone else for election interference. Members of the special grand jury voted to recommend the public release of their findings. In a statement on Monday, his Georgia-based legal team said the grand jury never subpoenaed Trump or asked him to appear voluntarily. The special grand jury had subpoena power to gather evidence and compel witness testimony but did not have the authority to issue indictments. If Willis determines that charges are warranted based on the findings, she could seek indictments from a regular grand jury.

☆ Bosses are increasing RTO requirements, but experts say it won't stick: 'We're at an inflection point'
▼ + stars: | 2023-01-20 | by ( Jennifer Liu | ) www.cnbc.com time to read: +5 min

More corporate bosses could follow Iger's lead with fresh RTO mandates, says Caitlin Duffy, director of research at Gartner. Plans to boost in-office days unlikely to pan outSo far, most hybrid policies expect workers in offices two to three times a week. But requirements increasing in-office days are unlikely to become a norm, experts say. As of January, workers say they want to work from home for 2.8 days on average, versus employers planning to allow 2.3 days remote. Some leaders are expanding remote work to keep their workers happy with their jobs and pay, Bloom says.

☆ Now is the best time to plan out your PTO for the rest of the year
▼ + stars: | 2023-01-13 | by ( Jennifer Liu | ) www.cnbc.com time to read: +2 min

U.S. workplaces are among the worst for offering the least amount of paid vacation days, and even employees who do have access to PTO are pretty terrible at taking all the time they're given. Plan ahead for big eventsFirst, you'll want to take stock of how many days you actually have. Do you have different buckets to pull from, like vacation days versus personal days, or do you have one PTO bank to account for? Once you have that baseline, think about the big events throughout the year you know you'll want time off for. Then do the same for any big family events, school breaks, graduations, celebrations and other gatherings on your radar.

☆ The best companies will prioritize 'proactive rest'—not just PTO—in 2023, say HR experts
▼ + stars: | 2023-01-12 | by ( Jennifer Liu | ) www.cnbc.com time to read: +2 min

In 2023, working for a company that offers a few days of paid time off isn't going to cut it. The best employers out there will instead focus on pushing "proactive rest," HR experts say. "It's still a valuable tool, but proactive rest is more than that." After all, U.S. companies are notorious for offering paltry paid time off to workers, and even employees who have it are terrible at actually taking their days. Some companies are playful in how they roll out proactive rest.

☆ For the first time in over a decade, Apple and Meta aren't on Glassdoor's 100 Best Places to Work list
▼ + stars: | 2023-01-11 | by ( Ashton Jackson | ) www.cnbc.com time to read: +4 min

For years, Apple and Meta have been deemed the creme de la creme of tech companies, with employees raving about their culture, values, benefits and perks. As Glassdoor releases its 100 Best Places to Work report of 2023, both companies are absent from the list. To determine the list, Glassdoor analyzed anonymous reviews posted by employees on the platform. Daniel Zhao, a lead economist at Glassdoor, says Apple and Meta's absence from this year's list is "pretty striking." This drop off has made way for newcomers to join the Best Places to Work List, including Spotify, the Lego Group, and Gainsight.

☆ The creator of tech's big layoff tracker says more cuts are on the way—here's when it could slow
▼ + stars: | 2023-01-11 | by ( Jennifer Liu | ) www.cnbc.com time to read: +2 min

And more than 18,000 tech workers have been laid off in the first half of January from major players like Amazon and Salesforce. More big layoffs are probably on the way, says Roger Lee, the creator of Layoffs.fyi and a San Francisco-based HR tech founder. Despite the recent deluge of layoffs, Lee says there's some hope the current wave of cuts could slow. "There's obvious correlation between the Fed raising interest rates and these tech companies doing layoffs," Lee says. It's important to remember that the overall job market is pretty strong, and tech workers losing their jobs are getting hired again quickly.

☆ What Apple, Google and other Big Tech companies are paying, based on new salary transparency data
▼ + stars: | 2023-01-06 | by ( Jennifer Liu | ) www.cnbc.com time to read: +4 min

It just got a lot easier to see how much some of the biggest tech companies in the world pay, thanks to a rollout of new salary transparency laws across the country. As of Jan. 1, California and Washington joined New York City and Colorado in legally requiring employers to post salary ranges on their job ads. Data is based on job posts from over 700 of the top tech companies and startups, accounting for more than 53,000 active listings. As of this week, Comprehensive.io says 39% of tech companies are complying with California's new salary range law. In New York City, which rolled out its legislation on Nov. 1, 63% of tech companies are complying.

☆ What the job market could look like in 2023, based on a surprisingly strong end to 2022
▼ + stars: | 2023-01-05 | by ( Jennifer Liu | ) www.cnbc.com time to read: +4 min

It could be a sign the 2023 job market will launch on strong footing, economists say, even with fresh staffing cuts announced this week. Meanwhile, there were 10.5 million job openings, or roughly 1.7 vacancies per available worker. "In aggregate, layoffs are still way lower than pre-pandemic," Pollak says. As of November, job openings ticked up for professional and business services, as well as manufacturing, and hiring shot up in health care and social assistance. Even finance openings and information openings are up compared with February 2020.

☆ Why you still need to negotiate even if a job ad lists a salary range
▼ + stars: | 2023-01-05 | by ( Jennifer Liu | ) www.cnbc.com time to read: +5 min

But online, the average salary range on job listings is just 28%, based on data from CompTool and accounting for more than 12 million job listings from more than 100 job websites, per Bloomberg. As written, while the laws require employers to list the minimum and maximum salary range on a job ad, many don't require them to actually make an offer in that range. All of this is to say that it's still important to negotiate your salary, even if the job posting lists the range, Seikaly says. "While pay transparency won't eliminate salary negotiation, it will give candidates the confidence to speak more openly about their expectations of pay," Seiklay says. "The burden is now on the employer to determine the pay range, rather than the employee to initially voice an expectation, which levels the negotiation playing field."

☆ After a rescinded job offer, this millennial launched his own business
▼ + stars: | 2023-01-05 | by ( Jennifer Liu | ) www.cnbc.com time to read: +4 min

After months of frustrating dead-ends on the job hunt, Marquelle Turner-Gilchrist took matters into his own hands and became an accidental entrepreneur. But a few days after getting a job offer email in his inbox, he got a call from the CEO, who rescinded the job offer — explaining that the company was largely funded by crypto investors whose digital assets were losing value by the day. "I've heard of offers being rescinded," Turner-Gilchrist told CNBC Make It in June, noting that background checks or professional references sometimes don't pass muster. Beware job-search burnoutGoing public about his rescinded offer on social media led to an outpouring of encouragement and even a few job leads. After an exhausting few months, Turner-Gilchrist decided to stop applying to jobs altogether.

☆ Worried about a gap in your resume? This small tweak could result in more job callbacks
▼ + stars: | 2023-01-04 | by ( Jennifer Liu | ) www.cnbc.com time to read: +3 min

Worried about a career gap in your resume? Turns out, there's a pretty easy workaround that's been scientifically proven to lead to more job callbacks. Previous research has shown that hiring managers discriminate against candidates who have a break in their resume. Researchers were focused on seeing the impact for working mothers and tested resumes with no career break, resumes with an unexplained career break, and resumes with a break and brief explanation that they left the labor force to care for children. The new tenure format "draws attention to the applicants' job experience while also obfuscating employment gaps by omission."

☆ All the U.S. states, cities and counties where companies have to share salary ranges with workers
▼ + stars: | 2023-01-03 | by ( Jennifer Liu | ) www.cnbc.com time to read: +5 min

Current employees are entitled to the salary range of their position, upon request. An employer must provide the employee the salary range when they are hired, if they change to a new position, or if the employee requests it. Who it applies to: Maryland employersNevadaThe law: Employers must provide the salary range to applicants after an initial interview automatically, even if the applicant hasn't asked for it. Plus, they have to provide a salary range for a current employee's position at their request. Who it applies to: Rhode Island employersToledo, OhioThe law: Employers must share the salary range for a position after they extend an offer and if the applicant asks for it .

☆ This 26-year-old quit her job to ask strangers how much money they make—now she's scoring 6-figure brand deals
▼ + stars: | 2023-01-02 | by ( Jennifer Liu | ) www.cnbc.com time to read: +6 min

Within months, Williams and her fiance, James Daniels, both quit their jobs to focus on turning Salary Transparent Street from a few TikTok videos to a full-fledged business. So far, Salary Transparent Street has brought in nearly $600,000, and the couple live off a $200,000 per year salary. Within two weeks, Williams connected with two agents who provided $24,000 in seed money for Salary Transparent Street's first two months. Salary Transparent Street continued to gain momentum, reaching millions of viewers. Just like with any job, Williams says, being your own boss also has some downsides, the biggest one being that the internet never stops.

☆ This 28-year-old ex-stock trader became a self-made millionaire this year—her best money lessons for 2023
▼ + stars: | 2022-12-30 | by ( Jennifer Liu | ) www.cnbc.com time to read: +4 min

Looking ahead to 2023, Simmons says she's reassessing her risk tolerance and urging caution against uncertainty. It comes down to being intentional with how you spend your money, she says. For example, she's looked to Treasury securities, which are backed by the government, as a safer vehicle to park cash. And continue to work on your side hustles, whether to supplement your income or replace it if need be. And at the end of the day, you have to understand where you are willing to compromise on things."

☆ Here are all the new salary transparency laws going into effect in 2023
▼ + stars: | 2022-12-29 | by ( Jennifer Liu | ) www.cnbc.com time to read: +2 min

The salary transparency movement is well underway: In 2021, Colorado paved the way for new laws requiring businesses to list salary ranges on job ads, and New York City rolled out its own pay range law in November 2022. A handful of other states and cities say employers must share the salary range for a job during the hiring process. The move makes California the largest state where job listings will require salary information by law. Plus, they'll have to provide a salary range for a current employee's position at their request. Other pay range laws that could come in 2023 and beyond

☆ This 22-year-old got scammed by a fake job—here are 4 lessons she learned after getting a new (real) one
▼ + stars: | 2022-12-22 | by ( Jennifer Liu | ) www.cnbc.com time to read: +1 min

It's been a rough year for Callie Heim: Within a span of a few months, the 22-year-old lost her mother, moved back home, stressed over college graduation and then over the summer, in a nightmarish whirlwind, got scammed by a fake job listing. After taking some time to emotionally recover, Heim candidly posted about her experience on TikTok to warn others about fake job scams. Within days, Heim was flooded with an outpouring of support and legitimate offers to interview for a new job. "I never thought this summer, when I was crying, this would be how my life would be," Heim says. Below, Heim shares the four biggest lessons she learned after bouncing back from the experience of getting scammed by a fake job listing.

Search resuls for: "Jennifer Li"

25 mentions found