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☆ China’s leaders have floated the idea of raising the retirement age. It hasn’t gone down well
▼ + stars: | 2024-07-23 | by ( Laura He | ) edition.cnn.com time to read: +5 min

The retirement age for female urban workers is 50 or 55 depending on their occupation. “In accordance with the principles of voluntariness and flexibility, [we] will steadily and orderly advance the reform of progressively delaying the statutory retirement age,” China’s ruling Communist Party said on Sunday. Tingshu Wang/ReutersStruggling with declining birth rate and an ageing population, China’s policymakers have been talking about increasing the retirement age for over a decade. On Weibo, the hashtag “advancing the reform of delaying retirement age” has been a top trending topic since Sunday. On Xiaohongshu, China’s equivalent of Instagram, the hashtag “retirement age” has also attracted about 100 million views by Tuesday morning.

Persons: ” China’s, Ma Qiuhua, Tingshu Wang, ”, “, ’ Organizations: Hong Kong CNN, Communist Party, Reuters, Chinese Academy of Social Sciences, Communist Locations: Hong Kong, China, Beijing, Weibo, Communist China, India

☆ These are the top business-development execs competing to hire elite portfolio managers at hedge fund giants Citadel, Millennium, Point72, and more
▼ + stars: | 2024-05-08 | by ( Alex Morrell | ) www.businessinsider.com time to read: +34 min

Unlike business development in corporate America, which focuses on growing a company's prospects with partners and clients, hedge fund BD teams specialize in scouting, evaluating, and wooing investment talent. AdvertisementFew have been involved in hedge fund BD longer than Jennifer Blake, Balyasny's global head. The fund's BD department remains in close contact with PMs after they join as a resource and advisor. Vernon Yuen/Getty Images$61 billion AUM2,200+ employeesAdvertisementKen Griffin's Citadel has outperformed not just its immediate rivals but every other hedge fund. He runs a team of about 20 as head of business development in the Americas, the largest region of the largest player in this space.

Persons: —, Griffin's, Izzy Englander's, Goldman Sachs, Headcount, execs, Dmitry Balyasny, Brendan McDermid, Jennifer Blake, Balyasny's, Morgan Stanley, Dmitri Balyasny's, Blake, it's, Federico Chavarria, Balyasny, Dave Matz, Smith Hanley, Alistair Jacobs, Dave Black, Peter Appel, Federico Chavarria MD, Andrew McHugh, Jules Biolsi, Michael Platt, he's, BlueCrest, Michael Grad, Grad, Jake Lindsay, Mungo Strachan, BlueCrest's, Brevan Howard Brevan Howard, Alan Howard, Ringo Chiu, Brevan Howard, Alan Howard's, Aran Landy, Brevan, Abu, It's, Landy, Howard, Peter Hornick, David Abbou, Jonathan Candy, Gregoire Vidal, Vidal, Tim Williams, Andy Silver, Gautam, Ken Griffin, Vernon Yuen, Ken Griffin's, Griffin, Matt Giannini, Giannini, headhunter, Matt, I've, — Thomas DeAngelis, Lindsay Previdi, Rice, Dore, Eleanor Sharkey, Melinda Urban, Mark Hansen, Julian Ulmer, Mathur, Adam Sharkie, Michael Page, Eisler, Edward Eisler, Sam Wisnia, Chris Milner, Milner, Hilary Curran, Hilary Curran Global, Rebecca Zisser, Michael Gelband, Hornick, Jeff Gelband, Mike Tiano, Eric Han, Garrett Berg, Liu, APAC Blackstone, Euan Shand, Kevin Carroll, Emily, Needham, Ostendorf, Ben Levine, Stefan Renold, LMR, Marcus Fairhurst, He'd, LMR's, Izzy, Ronda, Singh, Mark Meskin, Justin Gmelich, Steve Keller, Benjamin Williams, Madhvani, Paritosh Singh, Ben Williams, Kristina Tully, Steven Cohen, Point72, Shayanne, Steve Cohen's, Harry Schwefel, Chandler, Steve Cohen, JT Shields, They're, Schwefel, Alyssa Friedman —, Chandler Bocklage, Reid Murphy, Jae Yang, Japan Goldman Sachs, Alyssa Friedman, Jackie Dai, Gabriel Sanders, Ajay, Steven Schonfeld, Michael Nagle, Steve Schonfeld's, Ryan Tolkin, Schonfeld, doesn't, Akshay Aggarwal, Alex Burns, Ryan McCort, Colin Lancaster, Mitesh, Sameer Buch, Brittany Lynch, DMFI, Goldman, Verition, Nicholas Maounis, Josh Goldstein, Brian Townes, Townes, Elizabeth Xiang MD, Vir, Steve Satenstein, Chris Svoboda, Will England, Thomas DeAngelis, DeAngelis, Jonathan Brenner, hasn't, Maureen Reed, John Sullivan, Brenner, Walleye's Organizations: Service, Management, Wall, Business, Balyasny, Balyasny Asset Management, Quadra Advisors, SAC, Macquarie, BD, UBS, Grad, Financial Times, Michael, Lascaux, Howard BD, Brevan, Argentum Advisors, BH Digital, McKinsey & Company, JPMorgan, Ken Griffin's Citadel, Citadel, Citadel's, decamping, Chicago, Citadel BD, Walleye Capital, of Surveyor, Millennium, Capital, Credit, Ashler, Rice, Deutsche Bank, LMR Partners, London, Dore Partnership, Soros, Soros Fund, Ronda Churchill, Bloomberg, Getty, Guggenheim, Industry, MLP, Americas Guggenheim, Americas Citadel, SAC Capital, SEC, Point72 Academy, Citigroup, BD Energi, Japan, EMEA, APAC BNP, Schonfeld, PAAMCO, KKR, DMC Partners, Topwater, LinkedIn, New, New Holland Capital, BD —, Walleye, Lehman Brothers, Hutchin, Putnam Investments, ~$ Locations: America, Asia, Balyasny, Blackstone, New Holland, Abu Dhabi, BlueCrest, Europe, Graticule, ExodusPoint, Hornick, Freestone, New York, Schonfeld, Brevan, he's, Aberdeen, Hong Kong, Zurich, Glasgow, Dubai, Americas, Point72, quant, Verition, London, Greenland, Minnesota, Citadel

☆ I left the army because I wanted to go corporate. Battling the negative perceptions people have of veterans was the hardest part.
▼ + stars: | 2024-02-18 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +6 min

He said he had to battle the negative perceptions people have of military veterans who leave the force. Jianhui TanI left the SAF with no job offers on hand, and my career transition journey was stressful. I relied on my savings while looking for work and spent around six months taking courses to get new certifications. AdvertisementGetting used to the corporate worldOne of the biggest differences between the military and the private sector was the culture. That wasn't the case in the corporate world, where organizational bonding isn't as strong as it is in the military.

Persons: Jianhui Tan, Tan, —, couldn't, hirers Organizations: Singapore Armed Forces, Service, SAF, Euromonitor

☆ A $6 billion healthcare-AI startup backed by General Catalyst cut staff after pledging to hire 'aggressively'
▼ + stars: | 2023-12-19 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +3 min

Read previewGeneral Catalyst-backed startups Commure and Athelas merged in October to create a $6 billion healthcare-AI startup. Shortly after the deal closed, though, the newly formed Commure cut staff, according to a leaked email obtained by Business Insider. The layoffs came just a month after Tandon told Business Insider that Commure planned to hire "aggressively" following the merger. Tandon told Business Insider in October that Commure's total headcount following the merger would be about 800. Both Commure and Athelas each had at least five years of cash runway before the merger, Tandon told Business Insider in October.

Persons: —, Tanay Tandon, Tandon, Commure Organizations: Service, Athelas, Business, Bloomberg News

☆ Could resumes soon be a thing of the past? Experts give their verdict
▼ + stars: | 2023-11-10 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

Resumes are often integral to job applications, but as skills-based hiring is on the rise, could they become obsolete? Srdjanpav | E+ | Getty ImagesMore often than not, the first step of a job application is submitting your resume. Resumes of the futureOne thing is clear to experts: Resumes of the future will look nothing like they do now. That includes both their content and look, Dave Rizzo, talent strategy and operations leader at Deloitte told CNBC Make It. Having a "perfect" resume also no longer means as much to employers as it has done in the past, Julia Pollock, chief economist at ZipRecruiter, told CNBC Make It.

Persons: Adam Hawkins, Hawkins, Dave Rizzo, Rizzo, Julia Pollock Organizations: CNBC, LinkedIn, EMEA, LATAM, Deloitte

Private employers added 113,000 workers in October, led by the education and health care sectors, payroll firm ADP said on Wednesday. “No single industry dominated hiring this month, and big post-pandemic pay increases seem to be behind us,” said ADP Chief Economist Nela Richardson. Political Cartoons on the Economy View All 605 ImagesThe ADP report kicks off the week’s focus on employment data. “The 1.1% rise in the Employment Cost Index in Q3 was a touch stronger than expected but showed labor cost pressures continue to slowly ease on trend,” said Wells Fargo economists. “With the ECI still running north of 4%, labor cost growth remains too high to be consistent with the Fed's 2% inflation target.

Persons: ”, Nela Richardson, “, it's, Wells, Rucha Vankudre, ” Vankudre Organizations: Labor Department, “

☆ Jim Cramer argues the bears are wrong: The economy and market are actually strong
▼ + stars: | 2023-10-11 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Lower rates with higher job growth — an uncertain positive that I can't recall ever seeing — may be upon us. If you take the existential off the table and realize the market strength the bears cannot see, you actually want to own stocks. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: We've, Jerome Powell, Powell doesn't, Jim Cramer's, Jim Cramer, Jim, Michael Nagle Organizations: Club, Treasury, U.S . Labor, Federal Reserve, Washington , D.C, Fed, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Bloomberg, Getty Images Bloomberg, Getty Locations: Washington ,, New York, U.S

☆ The top startups in the country are hiring for $100,000-plus remote jobs—here's how to land one
▼ + stars: | 2023-09-28 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +2 min

Many of the country's top startups for growth and demand are hiring — and a lot of them offer six-figure salaries and remote accommodations, according to LinkedIn. Remote roles make up more than half of the available jobs at the top startups, Roth adds. More than 50% of hirers on LinkedIn now explicitly use skills data to fill their roles, Roth says. More broadly, listing management, communication and customer service skills could also land you a recruiter message much faster. The soft skills startups want most

Persons: —, Dan Roth, Roth Organizations: LinkedIn Locations: U.S, New York City

☆ Why you shouldn't put your graduation year on your résumé when applying for a new job
▼ + stars: | 2023-08-07 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +3 min

People on TikTok are sharing advice on how to get a job. One lesser-known tip is that you should exclude your graduation year from your resume. "Delete your graduation year from your résumé," she said. But if recent grads leave their graduation off their résumé, recruiters will have to judge them on their skills and previous experience. This advice isn't just for recent graduates, though — removing your graduation year can be a good idea for older job seekers too.

Persons: Jerry Lee, Wongsulting, Lee, Antrell, we're, Vining Organizations: Service Locations: Wall, Silicon, who's

☆ LinkedIn ages like fine wine in Microsoft’s cellar
▼ + stars: | 2023-06-28 | by ( Lauren Silva Laughlin | ) www.reuters.com time to read: +5 min

NEW YORK, June 28 (Reuters Breakingviews) - Most corporate acquisitions deteriorate over time, but Microsoft’s (MSFT.O) $26 billion deal for LinkedIn keeps getting better. Buying LinkedIn was a bold step for Satya Nadella, who became the software goliath’s third chief executive in early 2014. Paying a 50% premium for LinkedIn and its 430 million users made it one of the technology industry’s largest deals ever and by far Microsoft’s biggest. The war over the “Call of Duty” maker is just one of many things happening at Microsoft that’s overshadowing LinkedIn. Those market dynamics have buoyed LinkedIn, which was only generating $3 billion in revenue when Microsoft bought it.

Persons: Satya Nadella, Steve Ballmer, There’s, Mark Zuckerberg, Tesla, Elon Musk, faddish, Microsoft’s, It’s, Jeffrey Goldfarb, Sharon Lam Organizations: YORK, Reuters, LinkedIn, Nokia, aQuantive, Activision, Microsoft, Facebook, Twitter, Sprout Social, Bing, Thomson

☆ India's outsourcing giants cut hiring; disheartening for economy, students
▼ + stars: | 2023-06-12 | by ( Navamya Ganesh Acharya | ) www.reuters.com time to read: +7 min

There are pockets of optimism elsewhere in the services sector - especially in accounting, where there is a surge in hiring. NLB sees a 20-25% drop in IT employee additions in the first half of the current financial year, while TeamLease Digital expects a 40% decrease for the entire year. Nasscom declined comment on the hiring slowdown. That has "surely left applicants concerned about future prospects", said staffing firm Xpheno's co-founder Kamal Karanth, who highlighted how current hiring activity was "under a third of what was recorded in the buoyant peak". Pai highlighted sectors such as financial services, consumer goods, specialised manufacturing, medicine, law, chartered accounting and other services as more viable options.

Persons: Rohit Azad, Azad, Rishad Premji, Sakshi Gupta, Sachin Alug, NLB, Nilanjan Roy, Nasscom, Gautam, Xpheno's, Kamal Karanth, LTIMindtree, Karanth, Siana, Siddharth Pai, Pai, Dhanya Skariachan, Raju Gopalakrishnan Organizations: New, Jawaharlal Nehru University, Wipro, HDFC, Apple, Citigroup, American Express, Europe's Credit Suisse, UBS, NLB Services, TeamLease, IT, Tata Consultancy Services, Infosys, Reuters Graphics, Sethuraman, Thomson Locations: BENGALURU, India, Punjab

The fifth of young Chinese without jobs among a highly-educated generation is a record. The number of master's and Ph.D graduates in Beijing exceeds undergraduates for the first time, education authorities said. "However, young people who really pin their hopes on the gods and Buddhas when under pressure are also clearly going astray." "I don't believe I will ever find my ideal job," said the urban planning graduate, who spoke on condition of anonymity to protect her job prospects. "Why, instead of helping private enterprises develop, do you blame 11.58 million graduates for not taking off their scholar gowns?"

☆ Laid off from your tech job? Here's what you need to do to boost your chance of getting hired
▼ + stars: | 2022-11-22 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +7 min

Pooja Chhabria Career expert, LinkedInThis makes for a tight labor market that is "flooded with unemployed professionals and qualified candidates," she added. Time is of the essenceThe good news is that there are still tech opportunities available in "countless industries," said Salemi. Vicki Salemi Career expert, Monster.comWhile there are jobs available, experts told CNBC Make It that time is of the essence. Other than highlighting tech skills in your resume, soft skills like time management and customer service are crucial too. Be sure to engage and check in on your professional community on a regular basis to pave the way for mentorship opportunities, career advice and potential job opportunities.

☆ Opinion: Employers should stop caring so much about college degrees
▼ + stars: | 2022-10-13 | by ( Ryan Roslansky Byron Auguste For Cnn Business Perspectives | Ryan Roslansky | Byron Auguste For Cnn Business Perspectives | ) edition.cnn.com time to read: +5 min

Employers are more open to new ways of finding and evaluating job candidates, and those that move swiftly in this direction will build more resilient teams. Broader talent poolWhen employers use degrees as a proxy for skills, they miss out on half of the workforce, as Opportunity@Work’s research has shown. LinkedIn data suggests that certain industries – like professional services, finance and tech – are some of the hardest sectors for workers without bachelor’s degrees to break into. It can also spur greater diversity, since 61% of Black workers, 55% of Hispanic workers, 66% of rural workers and 61% of veteran workers have in-demand skills but not bachelor’s degrees. Recognizing the diverse ways skills are acquired and adopting a skills-first approach to talent will bring greater transparency, efficiency and equity to the labor market, making it easier for anyone from anywhere to achieve anything.

☆ Google, Meta, Are Losing People to Walmart, Amazon in the Advertising Talent Wars
▼ + stars: | 2022-09-14 | by ( Lucia Moses | Lauren Johnson | ) www.businessinsider.com time to read: +3 min

Amazon, Walmart, and others are in a war for talent as they build advertising arms. Amazon recently listed more than 2,800 advertising jobs on its site while Walmart's advertising arm, Walmart Connect, had nearly 1,000 openings. The biggest hirers were Walmart, Amazon, where advertising headcount has grown roughly fourfold in the past two years, and Instacart, per Revelio Labs' data. Walmart started building an ads business, Walmart Connect, in earnest in 2019 and has turned it into a $2 billion-plus revenue stream. Movement of advertising hires to Instacart, Walmart, Amazon, Jan. 2021-present.

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