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☆ Job seekers are still intrigued by the tech industry, even after layoffs and the threat of AI
▼ + stars: | 2023-07-25 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

However, many job seekers are still intrigued by this work — at least based on those searching for roles related to software development. Pay could be a reason why job seekers are thinking about positions related to software development. Job seekers eager to check out tech roles seem to be brushing aside the decline in postings, recent attrition, and concerns about the future of AI in the sector. "I think that there's, amongst many job seekers, an expectation that software jobs are going to continue to be a good, high-paying occupation," Stahle said. "And as far as things like AI go, there's still kind of a lot to see as to the way that that's going to unfold.

Persons: Cory Stahle, switchers, it's, Stahle, Job, there's, that's Organizations: Service, of Labor Statistics, Bureau of Labor Statistics Locations: Wall, Silicon, —

☆ Apple to sell Vision Pro AR headset for triple Meta's top-line price
▼ + stars: | 2023-06-05 | by ( Stephen Nellis | ) www.reuters.com time to read: +6 min

[1/4] People use cameras as Apple's Vision Pro headsets are on display at Apple's annual Worldwide Developers Conference at the company's headquarters in Cupertino, California, U.S. June 5, 2023. Apple's headset will be available early next year in the U.S. with more countries coming later in 2024. The Vision Pro has two hours of use with an external battery, which Apple said would reduce the weight on the user's head. Investors and tech fans alike are focused on how much Apple's view of the virtual reality market overlaps with Meta's. In addition to Meta, Sony Group Corp (6758.T) and ByteDance-owned Pico both recently released virtual reality devices.

Persons: Loren Elliott CUPERTINO, Apple, Alan Dye, Tim Cook, Walt Disney's, Mark Zuckerberg, there's, John Ternus, Apple's, Craig Federighi, Stephen Nellis, Yuvraj Malik, Dawn Chmielewski, Katie Paul, Peter Henderson, Aditya Soni, Lisa Shumaker Organizations: Developers, REUTERS, Apple Inc, Pro, Apple, Vision, Reuters, Adobe, Microsoft, Unity, Meta, Sony Group Corp, Pico, Research, IDC, Mac Pro, Mac, Intel, Thomson Locations: Cupertino , California, U.S, Loren Elliott CUPERTINO , California, Bengaluru, Dawn, Los Angeles, New York

☆ The 'great resignation' has become the 'big stay,' says economist: How Gen Z, millennials can benefit
▼ + stars: | 2023-05-19 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

After two years of record-high quits, the "great resignation" could be fizzling out. But the great resignation, a trend that spawned a million colloquialisms and widespread panic among bosses, isn't driven entirely by economics. "The great resignation, at its core, is a people shock," Richardson explains. The labor market is 'starting to re-balance'The demand for talent and supply of candidates is finally evening out. While there are still a lot of job openings, these numbers are nowhere near the historically high level that spurred the great resignation.

☆ The Great Resignation is giving way to the 'Big Stay' as job-hopping slows down
▼ + stars: | 2023-05-13 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

It may be accurate to say the quitting situation is evolving into the "Big Stay," per ADP's chief economist. "The Big Quit of 2022 could be easing into the Big Stay of 2023," Richardson wrote in her recent commentary. "A year later, all three of these dynamics are abating, and the great resignation itself is looking like a thing of the past." Pollak said that "to the extent that there is a big stay, it is not taking place across the economy." Even if the Great Resignation might not be prevalent in all areas of the economy right now, it could emerge again.

☆ US employees are more satisfied than ever, new survey finds
▼ + stars: | 2023-05-11 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +3 min

But a new survey released by The Conference Board on Thursday found that US employees’ job satisfaction overall is the highest it has ever been since the survey began in 1987. Just over 62% of survey respondents indicated overall satisfaction with their jobs, a 2.1 percentage point increase over the prior year’s survey and a 5 percentage point jump over that recorded in 2020. … Across the majority of 26 factors surveyed, employees with hybrid work arrangements report the greatest job satisfaction compared to fully remote or fully on-premises workers,” Board researchers said in their analysis. Survey respondents who had recently changed jobs also were more likely to say they were satisfied. “Overall job satisfaction is 3.6 percentage points higher among those who have found a new job since the pandemic began, compared to those who have not,” Conference Board researchers wrote.

Government officials, worried about a constrained labor force in a state where population growth has stalled, have taken a cover-the-waterfront approach. After raising starting wages from $17 an hour to around $24 and overhauling hiring strategies, Drees still has 200 open jobs at this and two nearby facilities, where he is hoping to add to current staffing of 1,200. That reshuffling may be one reason the Fed is finding it harder than expected to slow a job market struggling to match workers into open positions. Minnesota has had a particularly large imbalance: The 12-month moving average of available positions last year reached 2.75 for every unemployed person. "Nowadays you look online and there are just hundreds of day-shift job positions," he said.

☆ Why India is so important to Apple
▼ + stars: | 2023-04-18 | by ( Kif Leswing | ) www.cnbc.com time to read: +6 min

Cook said in February that Apple had its best sales quarter ever for iPhones in India in the quarter ending in December. Most phones sold in India are priced below even the least-expensive new Apple iPhone. India could end up being a big winner as Apple looks for non-Chinese manufacturing options. Tim Cook, Apple's Chief Executive Officer (CEO) reacts as a man shows him Apple's Macintosh outside the Apple store at Jio World Drive mall, Mumbai, India on April 18, 2023. Apple was bullish on India back then, too: "India will be the most populous country in the world in 2022," Cook told CNBC's Jim Cramer at the time, saying it had "huge market potential."

☆ Call it the Great Cash Out: Almost half of job switchers are making the mistake of cashing out their retirement savings when they go
▼ + stars: | 2023-04-05 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +4 min

Americans are rushing to cash out their 401(k)s, and it's not just about being strapped for money. Cashing out when you leave a job can mean you miss out on major long-term savings, experts say. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyAmericans have been cashing out their retirement savings at an "alarming" rate. That's despite the IRS's 10% penalty, under most circumstances, for those under the age of 59.5 who choose to cash out. Of the workers withdrawing from their funds after a job separation, only 27% were fired or laid off.

☆ How a senior manager at Amazon made the mid-career switch to tech and why she still encourages others to do the same despite recent layoffs
▼ + stars: | 2023-03-05 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +6 min

Despite layoffs across the industry, she says there are a lot of options for aspiring tech workers. But a rude awakening over the past year has disrupted the tech industry. "You were convinced that it's for the greater good, so you have to sacrifice your own life for work," she said. "I think moving over to this job and tech has helped me set better boundaries about my work life and my personal life." A few years into her career switch, Imam reflected that transitioning from one field to another was humbling.

☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, Carvana, Nvidia, Netflix, Zoom, Meta & more
▼ + stars: | 2023-02-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Bank of America downgrades Constellation Energy to neutral from buy Bank of America downgraded the energy company mainly on valuation. " Raymond James reiterates Carvana as market perform Raymond James said it's cautious heading into Carvana earnings later this week. Bank of America reiterates Meta as buy Bank of America said it's bullish on the company's recently announced Meta Verified subscription service. " Bank of America reiterates Alphabet as buy Bank of America said it's standing by its buy rating despite the ChatGPT thread to Alphabet. Barclays reiterates Zoom as equal weight Barclays said expectations are low heading into Zoom earnings later this month.

☆ 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.

☆ 96% of workers are looking for a new job in 2023, poll says: What to know before you job hop
▼ + stars: | 2023-01-13 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

In fact, the difference in wage growth for job switchers relative to those who stay in their current role is at a record high. The latest data shows job switchers have seen 7.7% wage growth as of November, while workers who have stayed in their jobs have seen 5.5%, according to Daniel Zhao, lead economist at Glassdoor, citing data from the Atlanta Federal Reserve. watch nowAlthough there is a chance that the job market will cool as recession fears take hold, recent government data shows the U.S. labor market is still strong, with a record low unemployment rate of 3.5%. Key considerations before taking a new jobThere are other things to consider besides salary before accepting a new position, Safani said. Workers can have both — a higher salary and a positive, healthy work environment.

☆ If you want higher pay, your chances are better now than in 6 months, says expert: 'Make your moves as soon as possible'
▼ + stars: | 2023-01-09 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

Higher pay has been needed to keep up with inflation. Wage growth, based on average hourly earnings, is up 4.6% from a year ago. watch now"People who switch jobs are much more likely to be getting a raise above inflation than people who are staying in their jobs," Zhao said. But with a possible economic downturn looming, workers seeking higher pay face a more complex decision as to whether to stay or go. With pay rates so competitive now, even some laid-off workers are finding higher offers than what they were earning before, according to Pollak.

☆ FTC Proposes Banning Noncompete Clauses for Workers
▼ + stars: | 2023-01-05 | by ( Dave Michaels | ) www.wsj.com time to read: 1 min

WASHINGTON—The Federal Trade Commission on Thursday issued a proposal to ban the use of noncompete clauses, a move that would allow workers to take jobs with rival companies or start competing businesses without the threat of being sued by their employers. The FTC said noncompete clauses constitute an exploitative practice that undermines a 109-year-old law prohibiting unfair methods of competition. Noncompete clauses, which typically bar employees from joining a competitor for a period after they quit, affect nearly one in five American workers, according to the agency. Long associated with higher-paid managers, the clauses have also been imposed on lower-wage workers who lack access to trade secrets, strategic plans and other reasons that could be cited for hampering job switchers, the agency says.

☆ Workers still quitting at high rates — and getting a big bump in pay
▼ + stars: | 2023-01-04 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Filadendron | E+ | Getty ImagesThe share of workers who quit their jobs jumped in November for the first time since last spring — and they're getting a big pay bump for moving, data shows. The labor market remains strong by historical standards, characterized by a high level of job openings and low layoffs. That translates to ample opportunity for workers, who generally get an increase in pay when they accept a new position. In other words, the average consumer lost buying power because rapidly rising prices for goods and services outstripped pay growth. Wage growth has moderated a bit from 2021, though remains strong relative to its pre-pandemic trend, Bunker said.

☆ Has your boss recently given you a nice raise so you'll stay? Are you an employer paying workers more not to quit? Tell us about it.
▼ + stars: | 2023-01-02 | by ( Tami Luhby | ) edition.cnn.com time to read: 1 min

New York CNN —Workers who stick with the same employers are enjoying the biggest raises in nearly a quarter century. In November, the median wage growth over the past year for job stayers was 5.5%, according to the Federal Reserve Bank of Atlanta, which began keeping records in 1997. (Job switchers have had it even better, with a median wage growth of 7.7%.) CNN wants to hear from workers who recently received hefty pay hikes to entice them to stay at the same company and from employers who are doling out generous raises to retain their staffs.

☆ With inflation still elevated, a recession looming, and workers still in short supply, the minimum salary people will accept right now is almost $74,000
▼ + stars: | 2022-12-20 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +6 min

That's according to average reservation wage results from the New York Fed's SCE Labor Market Survey. The average reservation wage in November 2022 was $73,667, 4.7% higher than the average a year earlier. Prices are soaring, the labor market is still hot, and some small businesses are having a hard time filling openings. The average reservation wage from March 2020 to November 2022 climbed more for employed people, compared to peers who aren't working. The record reservation wage also backs up what economic data has continually shown: The labor market doesn't seem too worried about a recession.

☆ Rooftop solar: How homeowners should do the math on the climate change investment
▼ + stars: | 2022-12-17 | by ( Tim Mullaney | ) www.cnbc.com time to read: +5 min

Central to the deal: Tax credits and other benefits from both the state of Connecticut and from Washington, D.C., he says. Hurwitz's experience points up one benefit of the Inflation Reduction Act that passed in August: Its extension and expansion of tax credits to promote the spread of home-based solar power systems. California's solar energy net metering decision Certainty has been the thing that's hard to come by in solar, where frequent policy changes make the market a "solar coaster," as one industry executive put it. watch nowFor potential switchers, tax credits can quickly recover part of the up-front cost of going green. The bids for one suburban Chicago house ranged as low as $19,096 after the federal credit and as high as $30,676.

☆ Gen Z wants equality, diversity, and flexibility at work, but it may cause them to sacrifice financial security
▼ + stars: | 2022-12-06 | by ( Alexandra York | Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

Some Gen Zers are focusing on a company's mission and job security during their job searches. As a recession looms, Gen Zers might want to consider their financial futures when applying for their next role. Additionally, over half of Gen Z could enter retirement without sufficient savings due to savings challenges and rising costs, Boston University economist Laurence Kotlikoff previously told Insider. In fact, the typical annual salary for Gen Z employees was $32,500 in 2021, according to research from the personal finance site GoBankingRates. To be sure, plenty of Gen Zers understand the financial pressures to come and are prioritizing salary in their job search.

☆ Employees Are Using Job Offers to Win Big Raises From Their Employers
▼ + stars: | 2022-11-28 | by ( Aki Ito | ) www.businessinsider.com time to read: +10 min

Employers, not surprisingly, hate that people are using job offers as bargaining chips. That strategy may work for employers in a normal job market, when it's hard to find another job, let alone a better-paying one. "Employees are finding that there's a big gap between where they are and what they can get." "The job market is still performing very well," says Jay Denton, the chief analytics officer at LaborIQ, a compensation-data provider. Independence, it turns out, pays way, way better than loyalty.

☆ Meet a Great Resignation quitter who thinks the whole movement is a lie: 'It's still not to the benefit of the worker'
▼ + stars: | 2022-11-24 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +7 min

download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicySharon thinks the Great Resignation is a lie. "Everyone was saying it's the Great Resignation, it's the worker's advantage, you could get a job anywhere," she said. "So I went in with the mentality thinking that if I'm going to quit, now's the time to go." Sharon said she'd been feeling regret, worry, and skepticism about just how powerful the Great Resignation is. But until that, I feel like the Great Resignation is a lie."

☆ The Great Resignation isn't paying off like it was this summer
▼ + stars: | 2022-11-12 | by ( Madison Hoff | ) www.businessinsider.com time to read: +4 min

The Atlanta Fed's Wage Growth Tracker shows wage growth for job switchers has slowed. However, wage growth is still stronger for job switchers than job stayers. However, wage growth for job switchers was still above overall wage growth in October of 6.4%. Although wage growth may have slowed from this summer for job switchers, it's still higher than the growth of their peers who have stayed in their positions. "As the economy slows, job switchers will increasingly have to make the trade-off between higher pay for less job security."

☆ Great Resignation quitters got big raises—now, they're worried about their job security
▼ + stars: | 2022-10-27 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

Millions of Great Resignation quitters traded up into higher-paying jobs. More than half (56%) of people who started a new, better-paying role in the last year are worried about their job security, according to financial services company Bankrate, which surveyed 2,458 U.S. adults in August. 'Last one hired, first one fired'A vast majority of U.S. CEOs (91%) believe we're headed toward a recession, according to a recent KPMG survey of 1,325 CEOs. At some companies, marketing budgets, human resources employees and contract workers are often the first to go, Foster notes. What you should do if you're worried about your job security

☆ The rise of the 'bait-and-switch' job interview
▼ + stars: | 2022-09-14 | by ( Rob Price | ) www.businessinsider.com time to read: +14 min

According to recruiters, employers, and job applicants interviewed by Insider, an increasing number of candidates are employing stand-ins to do their job interviews for them. At its simplest, it entails a job candidate hiring a person to pretend to be them, sit through the job interviews, and land them the position. The coworker had landed a job interview with Amazon and wanted to know whether the engineer would do the telephone interview on his behalf. Finally, for unscrupulous job candidates who are prepared to pay top dollar, there are "professional" proxies who will serve as stand-ins on job interviews — for a steep fee. Or paid someone to do a job interview for you?

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