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Surveys show Gen Z and class of 2023 graduates want an in-person experience. In-person work can provide young workers with community, keep them engaged, and enhance their early workplace learning. Not so with Gen Z and the class of 2023. This generation wants the community, learning opportunities, and engagement that in-person work can provide — although some young professionals aren't a fan of in-office roles and prefer remote work. "Especially for new grads, they should balance the flexibility that they have for remote work and finding new opportunities with some of the benefits of in-person work," Pardue said.
courtesy of AlvarezAge: 24Location: Elmwood Park, New JerseyOccupation: Corporate strategic partnerships managerDo you believe in the American dream? The American dream, in the way my parents and their generation saw it, does not exist, in my opinion. But they just didn't have the resources — the social mobility — to become wealthy owners of a house with a white picket fence. So, if you ask me what the "American dream" is today, it's more about creating my dream: What is "Jorge's dream?" Of course, I'm excited about the income, but I'm actually more excited about the possibilities outside of the job.
For college students looking to earn extra money — perhaps to offset rising costs during their undergraduate years — side hustles can provide an added source of income. College students, specifically, are turning to side hustles due to their general flexibility, M'Chelle Ryan, director of Upwork Academy, tells CNBC Make It. Ryan and Frana both shared their thoughts on the best side hustles for current college students. This side hustle option could be a fit for college students pursuing degrees in communications, English or journalism. Virtual assistant salaries vary, but the position is remote and may allow college students to work while enrolled in classes.
Alex Akmal moved to Madison, Wisconsin, from Missoula, Montana, after graduating from college. What sold her on the city was a great job offer, its college town flair, and its affordability. It's a college town, and it's an awesome place. When I was finishing college, I decided wherever I end up, it needs to be a college town or have a major college in it. Madison, Wisconsin.
Other moves include laws that aim to tighten regulations on social media platforms in general, like those recently enacted by Arkansas and Utah. They are more likely to lie on their beds and scroll through endless social media feeds. Nowadays, she tells me, many teenagers feel an obligation to be on social media, or they will feel left behind. Lembke, who had her own struggles with problematic media use, told me, “Ten years from now, social media will not be what it is today. How to talk about screentimeNot sure how to start a conversation with your kids about internet and social media use?
Gen Zers like Samantha Lenger are increasingly comfortable discussing and negotiating their salary, even early on in their careers. Still, negotiating salary is a thorny topic for even career veterans with decades of experience, let alone for the youngest professionals launching their careers. CNBC Make It spoke with recent grads about how they managed to boost their comp packages through college and beyond. At the advice of her mentor, a co-worker at a former internship, Lenger asked her friends getting offers at the same conference about the numbers they were seeing. What to negotiate beyond base salaryBrooke Thadeus says negotiating her first full-time job after college was always a given.
A new Deloitte survey finds that over half of Gen Z and millennials live paycheck to paycheck. That also means Gen Z and millennials feel like starting a family or owning a home are out of reach. Indeed, cost of living remains the biggest concern for Gen Z and millennials, with over a third of Gen Z ranking it as a top concern, and 42% of millennials staying the same. Half of Gen Z and 47% of millennials said that they expect starting a family "to become harder or impossible." Are you a Gen Zer or millennial living paycheck to paycheck, and rethinking what your future will look like?
Car-centric neighborhoods with few shared spaces exacerbate loneliness, research has found. She moved into a walkable neighborhood in downtown Nashville and paid $500 a month to rent a room in a house with roommates. She credits the neighborhood's walkability, shared spaces, and dense housing with boosting her social connections. And those ties are much easier to form in neighborhoods with welcoming shared spaces and programming. "We have the green spaces in the neighborhood to do all that kind of stuff, which is something we just didn't have in the old neighborhood," Hughes said.
The Gen Z paradoxGen Z's economic power is growing faster than other generations, according to Bank of America. In the US, fashion is the preferred category for entertainment spending among Gen Z, outranking dining out, video games, and music. A 2021 McKinsey survey found that 42% of American Gen Zers said they didn't even know what makes clothes sustainable. In addition to pushing people to buy more clothes, the buy-now, think-later model of live shopping also encourages people to buy clothes that are worse for the planet. To solve that problem, she founded Viviene New York in 2022, a Gen Z-led marketing agency that helps sustainable brands connect with Gen Z audiences through social media.
Gen Z is missing their credit-card payments at a rising rate. Their finances could get even worse when student-debt payments resume later this year. 36% of Gen Zers had student debt as of last June, with an average balance of $20,900. If young Americans are struggling to pay down their credit-card debt now, things could get even tougher when student-debt payments resume later this year after an over-three-year pause. "In fact, this is the only time since the New York Fed started tracking these figures in 2003 that credit-card balances did not fall from Q4 to Q1."
Gen Z diners crave spicy food and chicken more than other generations. Restaurant execs say that younger diners crave spicy food and chicken. "Spice levels generally heat up with younger generations," Fabiola Del Rio, VP of integrated marketing communications at Panda Express, told Insider. And where they can, Gen Zers like to get their chicken spicy, too. Or a restaurant exec who's noticed interesting dining patterns among your Gen Z customers?
He's attracting fellow 2023 graduates whose start dates were delayed at major consulting firms. These delays mean recent grads won't be pulling in big salaries from the major consulting firms — at least not right away. InstagramForced to rethink their futuresMany business students follow a traditional path from the Ivy League to top investment-banking or consulting firms. One, who has an offer to start at McKinsey in February, told Ou he is considering going to law school instead. By assisting gig workers, Ou expects Talentifyr's workers will see a direct and positive impact from their work.
Before TikTok, comedians often bet on auditions or personal connections to break into the industry. Today, with 417,000 followers, Rahma is carving out a new space for unscripted comedy on the app. Insider spoke with 20 entertainment and TikTok insiders, including a dozen comedians, about how TikTok has impacted the comedy industry. TikTok comedians are bypassing traditional industry gatekeepersComedian Kyle Gordon was "flailing" before TikTok. Five comedians said they felt traditional late-night shows and comedy TV were losing some of their cultural impact as TikTok encroaches.
Some Gen Xers might worry that the fast rise of AI bodes ill for their job security. In an AI-driven workplace, Gen Xers will have new responsibilities, which could suit them well. For Gen Xers who are the experienced professionals in their organizations, these new responsibilities could turn out to suit them quite well. To be sure, Gen Xers' anxiety that AI has upended their glide path toward retirement is understandable. Gen Xers who are still uneasy about AI — angst is our specialty, after all — can take solace in the numbers.
Before TikTok, comedians often bet on auditions or personal connections to break into the industry. Today, with 417,000 followers, Rahma is carving out a new space for unscripted comedy on the app. Insider spoke with 20 entertainment and TikTok insiders, including a dozen comedians, about how TikTok has impacted the comedy industry. TikTok comedians are bypassing traditional industry gatekeepersComedian Kyle Gordon was "flailing" before TikTok. Five comedians said they felt traditional late-night shows and comedy TV were losing some of their cultural impact as TikTok encroaches.
Early-career professionals prize work-life balance. Turns out many are bad at it. The youngest people in the office say the peers they most admire carve out personal time and live life on their own terms. Fancy titles and fat salaries are far less impressive, according to Deloitte’s annual survey of millennials and Gen Zers, shared with The Wall Street Journal ahead of next week’s release.
As Wall Street internship season quickly approaches, that's a question many soon-to-be summer analysts are asking each other. One big trend Emmalyse notes in her story is the casualification, so to speak, of Wall Street. But the Wall Street dress code was starting to change before 2020, thanks in large part to the tech community. Read more about Wall Street's new dress code for summer analysts. Wall Street's litigious sibling is not an appealing career path to Gen Zers, the Financial Times reports.
We asked five Gen Zers and millennials earning six figures whether they feel like they've "made it." Some said a six-figure salary could feel smaller after expenses like childcare and housing. Gen Zers, the oldest of whom are 26, are just entering the workforce, while many millennials, who are 27 to 42, are well into their careers. With the high costs of things like housing, college, healthcare, and childcare, what's enough for young Americans to feel like they've "made it"? We asked five Gen Zers and millennials who earned six figures last year what that money has done for them, what it hasn't done, and whether overall they feel like they've made it.
Growing up, you might have been taught that it's impolite to talk about money at a dinner party or other social gathering. The reason: Talking about money can help you make smarter financial decisions, feel more confident in your situation and, ultimately, build wealth. Majority of Americans talk about money with their spouses, but not with friendsWhen Americans do talk about money, they're most likely having those conversations with their spouse or partner. However, many couples still don't: Nearly half (46%) of respondents say they don't talk about money with their partners. On top of that, 75% of people don't have financial conversations with their friends.
In the midst of an uncertain economy and precarious job market, Gen Z is turning up the hustle. According to a 2022 survey commissioned by Microsoft, 48% of Gen Z respondents were juggling multiple side hustles at once. Broken promisesWhile young people often work multiple jobs through college and early in their career, Gen Zers are extending the work hustle into their formal careers. But after watching that dream die for millennials, Gen Z isn't buying into what they view as a broken social contract. "So Gen Z has seen there's other ways to make money, even as a kid, through platforms like YouTube."
The current hiring market is competitive, but companies can take steps to attract Gen Z job seekers. When looking for job opportunities, Gen Zers — those currently under the age of 26 — will be attentive to things that may not have been prioritized by previous generations. Talent-development expert Chelsea Williams, whose national workforce and development company Reimagine Talent works closely with many Gen Z professionals, shared six things companies need to prioritize in order to stand out to Gen Z job seekers. Connect job applicants with new Gen Z hires as much as you can during the interview and hiring process. Gen Zers want to see that you're changing things up — and you'll find stronger applicants when you do.
Work spouses are close colleagues who rely on each other for support in the workplace. But is it appropriate to have a non-romantic work wife or husband? A poll that Redfield & Wilton Strategies conducted in March for Newsweek found a generational divide in opinions on work spouses. She told Insider that she's largely in favor of work marriages, but also skeptical of using marital terms. She said that while it's fine to have close relationships at work, the heteronormative terms can be restrictive.
More and more people are looking for a reprieve from the endless scroll of social media, breaking news alerts and e-mail notifications. There's a recent rise in Gen Zers in the U.S. buying "dumb phones" to help limit the time they spend on apps like Twitter and TikTok. And as people set stricter boundaries around how much they interact with tech, they're turning their attention to travel. InsureMyTrip, a travel insurance comparison website, ranked the best cities to visit for a "digital detox" based on an overall rating across four categories: relaxation, activities, safety, and access to the internet. To stick to your digital detox, look to one of the featured destinations that received high marks for availability of evening tours and activities.
Gen Zers say they need a salary of almost $125,000 to feel like they've made it, a new study found. The study of 1,000 workers showed that 58% of young professionals are unhappy with their current salary. Although Gen Z wants more money, they also tend to prioritize work-life balance. Invoice software platform Skynova conducted a short survey of 1,004 respondents in the US between the ages of 21 and 42 from 2020 to December 2022 to find out about their salary expectations. Gen Z workers surveyed said that to feel like they had "made it" they would need a salary of almost $125,000, while their millennial counterparts say they only need an average income of $121,000.
Companies are already seeking out workers with ChatGPT experience. Here's a list of six prompts ChatGPT beginners can use to familiarize themselves with the AI tech. In the working world, ChatGPT has helped users apply for jobs and be more productive once they land them. While some companies have resisted AI like ChatGPT, many, including Snapchat, Slack, and Duolingo, have incorporated ChatGPT-powered tools into their businesses. Once you're ready to play around with it, here are six fun prompts ChatGPT beginners can use to familiarize themselves with the technology.
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