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☆ Tech isn't the only six-figure industry to work for—consulting jobs pay an average $103,000 a year
▼ + stars: | 2024-02-02 | by ( Gili Malinsky | ) www.cnbc.com time to read: +1 min

Tech has long been considered one of the most desirable industries to work in. Job search site Glassdoor recently released its Best Places to Work report based on current and former employee reviews. They singled out the best industries to work for based on the ones that showed up most on the list. Though it still topped the list, "tech is a little bit less popular this year just because of the news that they've had around layoffs and fears of recession," says Daniel Zhao, lead economist at Glassdoor. Twelve consulting companies made it onto Glassdoor's list, making it the second best industry to work for after tech.

Persons: they've, Daniel Zhao Organizations: Tech, Amazon, Microsoft, U.S, Bain & Company Locations: That's

☆ Economists say the labor market is strong — but job seekers don't share that confidence. Here's why
▼ + stars: | 2024-02-02 | by ( Juhohn Lee | ) www.cnbc.com time to read: +1 min

The job market looks solid on paper. Over the course of 2023, U.S. employers added 2.7 million people to their payrolls, according to government data. Unemployment hit a 54-year low at 3.4% in January 2023 and ticked up just slightly to 3.7% by December. "The labor market has been fairly strong and surprisingly resilient," said Daniel Zhao, lead economist at Glassdoor. More than half, 55%, of unemployed adults are burned out from searching for a new job, Insight Global found.

Persons: Daniel Zhao, Jenna Jackson, it's, Jackson Organizations: Finance, Insight Global, Insight Locations: Ardmore , Pennsylvania

☆ Why is it so hard to find a job right now despite low unemployment?
▼ + stars: | 2024-02-02 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

Vargas, a special education instructor, has been mired for months in various stages of interviews for three teaching jobs. Employers' hiring rate fell sharply in 2023, Zhao said. They'll often toss out some number around 40, he told BI. AdvertisementHitting the numbers on job applications is also a priority for Kevin Cash, who previously told BI he's applied to more than 1,200 jobs and has mostly been ghosted. She's accepted a part-time job and plans to teach private classes for students learning English as a second language.

Persons: —, Lynne Vargas, Vargas, Daniel Zhao, Cory Stahle, Zhao, Josh Bersin, Debbie Lovich, Lovich, Royal Siu, They'll, Siu, it's, Kevin Cash, They're, Jeff Calnan, Indeed's Stahle, Stahle, She's Organizations: Service, Business, Employers, Federal, BI, Boston Consulting Group, Navy, US Air Force Locations: Middletown , New York, Seattle, Woburn , Massachusetts

☆ January jobs report: Expect to see strong but slower hiring and an uptick in the unemployment rate
▼ + stars: | 2024-02-02 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

New York CNN —The first jobs report for 2024, set to be released at 8:30 am ET Friday, is expected to underscore the strength of the US economy despite 11 rate hikes from the Federal Reserve. That can make the January jobs report among the trickiest to forecast, said Sarah House, a senior economist with Wells Fargo. Friday’s jobs report also will include the final annual benchmark review of payroll data for the 12 months that ended in March 2023. However, excluding January 2023, last month’s job cuts were the highest seen in January since 2009, according to Challenger. US worker productivity grew 3.2% in the fourth quarter, according to a BLS report released Thursday.

Persons: Jerome Powell, he’s, Sarah House, Wells, “ We’re, ”, there’s, Boussour, EY, ” Boussour, Daniel Zhao, Zhao, haven’t, ” Andrew Challenger, people’s paychecks, ” Diane Swonk, “, —, Swonk Organizations: New, New York CNN, Federal Reserve, Labor, Workers, Challenger, ”, BLS, KPMG, CNN Locations: New York, Wells Fargo, United States

☆ Fed Chair Powell says the job market is still strong. Here’s how the numbers break down
▼ + stars: | 2024-02-01 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

That can make the January jobs report among the trickiest to forecast, said Sarah House, a senior economist with Wells Fargo. Friday’s jobs report also will include the final annual benchmark review of payroll data for the 12 months that ended in March 2023. Fresh data on job cuts and productivityOn Thursday, the layoff picture became clearer. However, excluding January 2023, last month’s job cuts were the highest seen in January since 2009, according to Challenger. US worker productivity grew 3.2% in the fourth quarter, according to a BLS report released Thursday.

Persons: Jerome Powell, he’s, Sarah House, Wells, “ We’re, ”, there’s, Boussour, EY, ” Boussour, Daniel Zhao, Zhao, haven’t, ” Andrew Challenger, people’s paychecks, ” Diane Swonk, “, —, Swonk Organizations: New, New York CNN, of Labor Statistics, Federal Reserve, Labor, Workers, Challenger, ”, BLS, KPMG, CNN Locations: New York, Wells Fargo, United States

☆ Remote workers and middle managers are most likely to get let go during layoff season, experts say
▼ + stars: | 2024-02-01 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Remote workers and middle managers are often more vulnerable to layoffs, experts say. Remote workers who are anxious about job security should return to the office, one expert said. Still, there's likely to be more cuts on the way, experts say, and remote workers and middle managers may be prime targets. Middle managers are also vulnerable, experts say. Meta CEO Mark Zuckerberg said in 2023: "I don't think you want a management structure that's just managers managing managers, managing managers, managing managers, managing the people who are doing the work."

Persons: —, It's, there's, Ariel Schur, Andy Challenger, Mark Zuckerberg, Daniel Zhao, they're, Daniel Keum Organizations: Service, PayPal, ABS Staffing Solutions, Bloomberg, Wall Street, Meta, Columbia Business School

☆ The economy is roaring. So why do we keep hearing about layoffs?
▼ + stars: | 2024-01-31 | by ( Madison Hoff | ) www.businessinsider.com time to read: +5 min

Los Angeles Times, eBay, and UPS are three companies that have made recent layoff announcements. Despite cuts at big household names, the nation's layoffs and discharges rate has been steadily low. AdvertisementEmployees at the Los Angeles Times, eBay , Microsoft , and UPS are some of the workers impacted by recent layoff announcements in January. That sector had a layoffs and discharges rate of 0.8% in December, which is actually a small dip from the 0.9% in November. Zhao noted that "the scale here" means that this number probably isn't really going to change because of the recent layoff announcements.

Persons: —, Nick Bunker, Bunker, Julia Pollak, ZipRecruiter's, Daniel Zhao, Glassdoor, Zhao, that's, Kory Kantenga, isn't Organizations: Los Angeles Times, eBay, UPS, Service, Microsoft, Bureau of Labor Statistics, North America, Labor, LinkedIn

☆ Return-to-office mandates aren't making companies more valuable and productive, study finds
▼ + stars: | 2024-01-30 | by ( Juliana Kaplan | Noah Sheidlower | ) www.businessinsider.com time to read: +5 min

That's according to a new paper that looks at how RTO mandates impact productivity and performance. If RTO mandates are hard to enforce, they probably don't make sense for that workplace. RTO mandates were more common for firms with "male and powerful CEOs." The authors found no significant impact of RTO mandates on stock returns or firm profitability. RTO mandates have divided many offices nationwide, including at leading tech and financial companies.

Persons: —, Nick Bloom, RTO, Bloom, Danielle Organizations: Service, Katz Graduate School of Business, University of Pittsburgh, Amazon, Federal Reserve Bank of San Francisco, Stanford, The Conference Board Locations: Glassdoor

☆ Workers are sour on the job market — but it may not be warranted
▼ + stars: | 2024-01-29 | by ( Greg Iacurci | ) www.cnbc.com time to read: +2 min

Maskot | Digitalvision | Getty ImagesWorkers are sour on the job market — but that pessimism may be somewhat misplaced. So far in 2024, for example, big technology firms including Amazon, eBay, Google and Microsoft have announced job cuts. U.S.-based companies planned about 722,000 job cuts in 2023, almost double those announced in 2022, according to Challenger, Gray & Christmas, an outplacement and executive coaching firm. watch nowHowever, those recent headlines mask strength in the overall job market, economists said. "It's still a very robust and resilient labor market overall," Pollak said.

Persons: Daniel Zhao, Zhao, it's, Mark Zandi, Zandi, they've, Julia Pollak, " Pollak Organizations: Digitalvision, Getty Images Workers, Amazon, eBay, Google, Microsoft, Citigroup, Universal Music Group, U.S, Challenger, Moody's, Federal Reserve Locations: BlackRock, U.S

☆ The 10 best U.S. cities for finding a job—New York and L.A. are not on the list
▼ + stars: | 2024-01-26 | by ( Gili Malinsky | ) www.cnbc.com time to read: +3 min

For those seeking new job opportunities, geography could be one way to narrow the search. Personal finance company WalletHub recently looked at more than 180 cities across the country and ranked its best cities for jobs based on metrics such as job openings per job seeker and median annual incomes. Here are the top 10 cities for job search according to WalletHub. "This ensures there will be plenty of hiring opportunities for people entering the workforce," says Cassandra Happe, WalletHub analyst. 1 best U.S. city to live in is Cambridge, Massachusetts—see which other cities made the listMoving to a new city?

Persons: Cassandra Happe, Daniel Zhao Organizations: jobseekers, U.S Locations: WalletHub, Scottsdale , Arizona Tampa , Florida Salt Lake City , Utah Columbia , Maryland Austin , Texas Atlanta , Georgia Seattle, Washington Pittsburgh , Pennsylvania Plano , Texas Boston , Massachusetts Scottsdale, Tampa, Salt Lake City, Cambridge , Massachusetts, U.S

☆ The 4 best industries to work in, according to Glassdoor—some jobs can pay more than $200,000
▼ + stars: | 2024-01-24 | by ( Gili Malinsky | ) www.cnbc.com time to read: +3 min

About a third, 29% want more flexible work hours, according to Monster's 2024 Work Watch Report. Job search site Glassdoor recently released its Best Places to Work report, including a list of the 100 best large companies to work for based on current and previous employee reviews. Glassdoor looked at which came up the most to decipher the best industries to work for as well. Here are their top four industries, including examples of jobs and how much they pay. TechThere were 31 tech companies on the list, crowning the industry as the best one to work for overall.

Persons: Glassdoor, Daniel Zhao, Zhao, Cassandra Happe, Booz Allen Hamilton, Fannie Mae Organizations: Workers, Tech, WalletHub, Companies, NVIDIA, Procore Technologies, VMWare, Bain & Company . Companies, McKinsey & Company, Booz, Huron Consulting Group, Bain & Company, Finance, Fidelity Investments, Mastercard, & $ Locations: Glassdoor

☆ With a possible cooler labor market this year, here are 4 tips for getting a job in 2024
▼ + stars: | 2024-01-20 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

Zhao, Croucher, and career coach Stacey Perkins outlined four tips for job seekers in today's labor market. Make a job planPerkins, a career coach at organizational consulting firm Korn Ferry, suggested job seekers figure out a robust strategy for job searching, which doesn't mean simply submitting your résumé to many places. Perkins suggested looking at who you have a mutual connection with or identifying who you already know at the places noted on the list. AdvertisementFor people just graduating and looking for work, Croucher suggested looking for an internship first because it could be easier to get. AdvertisementBut job seekers should be picky about what they want to include.

Persons: —, Daniel Zhao, Zhao, Rebecca Croucher, Croucher, Stacey Perkins, Perkins, Korn Ferry, you've, It's, it's Organizations: Service, Business, Labor Statistics hasn't, BLS, North Locations: North America, ManpowerGroup

A person walks on the day of the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, January 19, 2024. REUTERS/Denis Balibouse Denis Balibouse | ReutersThe 2024 World Economic Forum in Davos, Switzerland will wrap Friday. Here are some of takeaways from Davos after our week talking to business leaders and government officials at the conference. Experts see no U.S. recession in 2024Overwhelmingly, economic experts and executives privately said they don't expect a U.S. recession in 2024. China fighting for cashChina's Premier Li Qiang speaks during the 54th annual meeting of the World Economic Forum in Davos, Switzerland, January 16, 2024.

Persons: Denis Balibouse Denis Balibouse, –, —, Donald Trump, Andrew Ross Sorkin, Denis Balibouse, Wyclef Jean, Sam Altman, Altman, Li Qiang, Premier Li Qiang, it's, Li, Ian Bremmer, Bremmer, they're Organizations: Economic, REUTERS, U.S, The New York Times, Wipro, Artificial Intelligence, Reuters, Technology, Recruit Holdings, Premier, Eurasia Group Locations: Davos, Switzerland, Zurich, Swiss, takeaways, U.S, Israel, Gaza, China, India, Beijing

☆ The 25 top companies to work for, according to Glassdoor
▼ + stars: | 2024-01-10 | by ( Madison Hoff | ) www.businessinsider.com time to read: +2 min

Glassdoor released its 2024 list of top workplaces based on how US-based employees feel about them. Glassdoor recently published its new Best Places to Work ranking based on how US-based employees felt about their workplaces. AdvertisementWhile Microsoft ranked high on the 2024 list, ranking No. Google fell just short of the top 25 in the 2024 list, ranking No. AdvertisementBelow are the top 25 large companies to work for according to the 2024 US list along with their Best Places to Work rating, which was on a five-point scale.

Persons: Glassdoor, Raymond James Financial, —, Keller Williams, Burger, Bain Organizations: Bain & Company, eXp Realty, Service, Best Places, U.S, Microsoft, Management, Best, Google

☆ In an internal meeting, Nvidia's CEO addressed a question about employees in 'semi-retirement' mode as unusual tension grows
▼ + stars: | 2023-12-14 | by ( Eugene Kim | ) www.businessinsider.com time to read: +10 min

Many Nvidia employees have become incredibly rich after the company's stock is up by about 1,200% over the past five years. Nvidia employees are also rarely put on performance-improvement plans, unlike some of its competitors, such as Amazon . Despite a growing number of companies launching their own in-house chips, Nvidia employees say they don't feel the competitive pressure yet. Three Nvidia employees, however, told BI that those chips never came up in customer conversations because, in their view, of Nvidia's superior performance. In other ways, Nvidia employees haven't let their riches go to their heads.

Persons: —, It's, Jensen Huang, Huang, he's, Jim Herd, Herd Freed Hartz, Herd, we're, Glassdoor, He's Organizations: Service, Nvidia, Business, AMD, Intel, Big Tech, Microsoft, Amazon, Employees, BI, Lamborghini, Meta Locations: Silicon

☆ The runway is getting clearer, but the U.S. economy still isn't assured of a soft landing
▼ + stars: | 2023-12-08 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

Stephanie Keith | Bloomberg | Getty ImagesNovember's solid jobs report did not assure that the economy will come in for a soft landing, but it did help to clear the runway a little more. "Overall, the jobs market is doing its part to get us to a soft landing," said Daniel Zhao, lead economist at jobs rating site Glassdoor. The unemployment rate unexpectedly declined to 3.7%, easing worries that it could trigger a historically dead-on signal known as the Sahm Rule, which coordinates increases of the unemployment rate by half a percentage point to recessions. "The recession versus soft landing debate sort of misses the necessary nuances of this unique cycle," Sonders said. "A best-case scenario is not so much a soft landing, because that ship has already sailed for [some] segments.

Persons: Stephanie Keith, Daniel Zhao, nonfarm, Gus Faucher, Liz Ann Sonders, Charles Schwab, Sonders, Sanders, Schwab Organizations: Bloomberg, Getty, Labor, PNC Financial Services, PNC, University of Michigan's Locations: New York, U.S

The number of job openings fell sharply in October, to 8.7 million from a downwardly revised 9.35 million a month earlier, according to the Labor Department. The number released Tuesday was lower than economists had forecast and suggests that the labor market is slowing as the year comes to an end. “Job openings dropped to 8,733,000 in October, the lowest level since March 2021. Despite some volatile jumps/drops month-to-month, job openings have been on a downward trend since early 2022,” Daniel Zhao, lead economist and senior manager on Glassdoor’s economic research team, posted on social media. The Federal Reserve will be looking at the latest readings on the labor market as they come one week before officials meet to consider monetary policy.

Persons: ” Daniel Zhao, Jeffrey Roach, Joanie Bily, ” Bily, “, Jerome Powell Organizations: Labor Department, LPL, American Staffing Association, ” Nomura Securities, Hollywood, Government, Federal, Fed

☆ Coca-Cola ranked as the best place to work for career growth in a new study of America's largest companies
▼ + stars: | 2023-12-05 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +4 min

It looked at culture, hiring, pay and promotions to see how companies invest in their workers. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementCoca-Cola was just ranked as the best place to work for career growth in the American Opportunity Index 2023 report . AdvertisementCoca-Cola was ranked top overall, largely because of its hiring, pay, and culture scores. In the past, it has made Glassdoor's ranking of the top 10 companies with the happiest employees and was included in its best places to work list from 2012 through to 2022.

Persons: —, Lisa Chang, Chang, Meta, Salesforce Organizations: American Opportunity, Meta, Costco, Service, American, Harvard Business School, Foundation, Glass Institute, Cola, PepsiCo, PNC Financial Services Group, Amazon, Microsoft, AOI Locations: Glassdoor, W.W, Grainger

☆ Gen Z could overtake Boomers in the workforce in 2024: This has 'sweeping implications,' economist says
▼ + stars: | 2023-12-05 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +1 min

Gen Z will make up a larger portion of the U.S. workforce than Baby Boomers for the first time next year, according to a recent Glassdoor trend forecast report — and it's a big deal, says an economist. The looming change in demographics will have "pretty sweeping implications for what employers prioritize," Glassdoor chief economist Aaron Terrazas tells CNBC Make It. They are being replaced by very different people who prioritize different expectations around work." Gen Zers, aged 12 to 27 next year, are increasingly graduating school and joining the workforce. Eventually, Gen Z will overtake Gen X too — but it'll be "a long time before they overtake millennials," says Terrazas, because millennials outnumber all other generations in the United States so far.

Persons: Aaron Terrazas, Gen Zers, Gen, millennials Organizations: Baby Boomers, CNBC, Boomers Locations: United States

☆ High food prices could keep Americans hating the economy for years to come
▼ + stars: | 2023-12-05 | by ( Jacob Zinkula | Andy Kiersz | ) www.businessinsider.com time to read: +4 min

High food prices are Americans' top concern about the economy, according to Morning Consult. Ninety percent of individuals said they were very or somewhat concerned about grocery and food prices , higher than any other factor surveyed. In part, these concerns can be attributed to rising food prices over the last few years. AdvertisementHigh food prices could be a key reason for this disconnect, Aaron Terrazas, Glassdoor's chief economist, told Business Insider. If Americans are hoping for cheaper food prices to come next year, they're unlikely to get their wish.

Persons: —, it's, Joe Biden's, Aaron Terrazas, haven't, Terrazas, Biden, McDonald's Organizations: Service, Bloomberg, Bureau of Labor Statistics, Business, US Department of Agriculture, Social Security Administration

☆ The No. 1 question to never ask in a job interview, says CEO who's interviewed hundreds: 'You risk sending the wrong message'
▼ + stars: | 2023-12-04 | by ( Morgan Smith | ) www.cnbc.com time to read: +2 min

There is one question, in particular, you should "never" ask an employer, says Bert Bean, CEO of the staffing firm Insight Global: "What's the work-life balance for this role?" With this question, he explains, "You risk sending the wrong message about your career aspirations to a future employer." Asking hiring managers about the company's work-life balance can create an impression that you aren't engaged, reliable or committed to the role. "Your future employer shouldn't dictate to you what your boundaries should be." There are other ways to determine a company's approach to work-life balance outside of the interview.

Persons: Bert Bean, Bean, Barry Drexler, Mary Gleason, Drexler, you'll, Arthur C, Brooks Organizations: Insight, CNBC, Summit

☆ A signal from big companies they think workers are losing control of the job market
▼ + stars: | 2023-11-28 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +7 min

Unemployment has ticked up, wage growth continues to decline, and the "quits rate" has leveled off from its pandemic surge. The CFO view of the labor market also filters through to their broader view of the economy and markets, which has changed in other considerable ways over the four quarters of surveying by CNBC this year. Almost a year later, the market has rallied on the conviction that inflation has been vanquished and the hikes are finished. But the CFO view of when inflation returns to 2% keeps getting pushed farther out into the future. That's more hawkish than the market, which currently is betting the Fed may start cutting by May.

Persons: CFOs, that's, it's, Jackson Organizations: CNBC, Stone, Nasdaq, PPI, Inflation, Walmart, Dow Jones, Dow, Fed Locations: Detroit, Hollywood, CFOs, it's

☆ Tim Cook says Apple hires people with these character traits
▼ + stars: | 2023-11-26 | by ( Haley Tenore | ) www.businessinsider.com time to read: +3 min

Tim Cook says that Apple employees all believe that "one plus one equals three." Tim Cook talked about the characteristics that strong hires at Apple share in a recent podcast interview hosted by Dua Lipa. About three minutes into the interview, Cook said that everyone he works with at Apple believes that "one plus one equals three." Cook said in the interview that Apple hires people from "all walks of life," including those with and without college degrees. In 2016, Business Insider took a dive into what Apple employees have said about their jobs on forums like Glassdoor and Quora.

Persons: Tim Cook, —, Cook, Apple Organizations: Apple, Service, Dua, Business Locations: Dua Lipa

☆ How to navigate becoming your friend's boss, according to a workplace therapist
▼ + stars: | 2023-11-20 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +3 min

A tricky scenario that might arise is one friend being promoted and expected to manage the other, says Brandon Smith, a career coach and therapist known as The Workplace Therapist. If you suddenly become your friend's boss, you'll have to navigate a new set of interactions, some of which have the potential to cause friction. Your friend doesn't take your directives seriouslyIt might be hard for your friend to see someone who was an equal as an authority figure. 1 most common issue that comes up is that a friend doesn't take your request as a manager as seriously," Smith says. 1 most common issue that comes up is that a friend doesn't take your request as a manager as seriously.

Persons: Brandon Smith, you'll, doesn't, Smith

☆ This key element of ESG investing could drive real change at companies and boost returns
▼ + stars: | 2023-11-18 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

The social pillar of the environmental, social and corporate governance investing framework — known as ESG in short — has been dubbed the "middle child" largely due to data challenges. For years, the social pillar has been considered relatively nebulous and hard to quantify. And it comes despite the fact that the ESG investing framework has found itself in hot water politically. In these cases, she said the social pillar comes into play in ensuring a carbon transition is equitable and just. A fraught environmentGlobally, it appears social themes will become more clear and important to investors over time.

Persons: Michael Nagle, ESG, Michael Young, Young, They're, Marian Macindoe, Insperity, Fuller, Macindoe, that's, Yijia Chen Organizations: New York Stock Exchange, Bloomberg, Getty Images Bloomberg, Getty, Sustainable Institute, BNP, Securities and Exchange, Commission, Parnassus Investments, Irrational Capital, Microsoft, Apple, Apple Hospitality, Calvert Research, Management Locations: New York, U.S, United States, Harbor, ESG

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