DIRS.INFO The most relevant business & tech news

☆ The 25 best large companies for career growth
▼ + stars: | 2023-06-21 | by ( Madison Hoff | ) www.businessinsider.com time to read: +2 min

Comparably, an employer-review site, analyzed anonymous ratings to create its annual career growth ranking. 1 spot on Comparably's list of large companies that are the best for career growth, according to employee reviews. Comparably also looked at what are the best small and midsize companies for career-growth opportunities in a separate ranking. Similarly, LinkedIn has published previously a list highlighting employers that have career growth opportunities. Below are the large companies that made up the top 25 in Comparably's latest career-growth ranking.

Persons: —, Chad Herring Organizations: Boston Consulting Group, Google, Service, Companies, LinkedIn, Amazon, Comcast, Boeing, Apple

☆ Parents are struggling at work or quitting altogether because of the childcare crisis. This map shows how bad it is for families in every state.
▼ + stars: | 2023-06-18 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +6 min

A new report from the Annie E. Casey Foundation finds that childcare is weighing on parents' jobs. BLS data shows many employed people miss work because of childcare issues. Those job changes, per the report, "include quitting a job, not taking a job or greatly changing a job in the previous year." An analysis by economist Clive R. Belfield estimated that, roughly, inadequate childcare costs the US $122 billion annually, with $78 billion of that loss coming from parental income. Did you have to quit your job, reduce your work hours, or make another job change because of childcare issues?

Persons: Annie E, —, that's, AECF, Lisa Hamilton, Hamilton, Rachel, Clive R, Patty Murray Organizations: Casey Foundation, Service, National Survey of Children's, US Women's Bureau, Department of Labor, DC, Center for American, Bureau, Labor, Survey, jkaplan Locations: Washington, Arizona, North Carolina, Vermont, , Nebraska, DC, Massachusetts, Connecticut

☆ 'This is typical late cycle behavior': New York Life Investments warns a recession is still barreling toward the US economy despite strong jobs data — threatening to sink stocks by 15-20%
▼ + stars: | 2023-06-10 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Historically, a median pullback in earnings would mean a 15-20% drop in the S&P 500. The Bureau of Labor Statistics announced on June 2 that the US labor market added 339,000 jobs in May — more than economists had expected. Historically, the Fed tightening cycle takes 18 – 24 months to impact the labor market." Madison Hoff/InsiderHistory shows a recession would mean a rough ride ahead for the stock market, Goodwin said. The median S&P 500 price target among major Wall Street strategists is 4,000, which is 7% lower than current levels.

Persons: Lauren Goodwin, Goodwin, Madison Hoff, Michael Kantrowitz, Piper Sandler, Piper Sandler Piper Sandler, it's, Kantrowitz, Morgan Stanley's Mike Wilson, David Rosenberg, —, Louis Organizations: York Life Investments, Labor Statistics, New York Life Investments, Rosenberg Research, Federal Reserve Bank of St

☆ It's not just the money. People are doing side hustles to socialize and be creative as well.
▼ + stars: | 2023-06-05 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

Money is a big reason why many people take on side hustles, but there are non-financial reasons why people try side jobs too. "Side hustlers are much more likely to view this extra income as essential, rather than a passion project or a way to get ahead financially." In the April survey, 39% of US adults said they do something "to earn extra income on the side" outside of their primary income source. For example, people may want to make extra money outside of a main job to put toward paying off debt. One full-time worker who tries side hustles told Insider he does his side hustle work during some nights.

Persons: —, Bankrate, Ted Rossman, Jennifer Nahrgang, Palmer, Trisha Diamond, hustles, Diamond, Gen, Nahrgang, Julia Pollak, Uber, Clarke Bowman, Bowman Organizations: Service, Management, Entrepreneurship, University of Iowa's Tippie College of Business Locations: Bankrate

☆ Meet a millennial who moved from Turkey to the Netherlands for better job opportunities: 'At least I can go and earn some money when I am still young'
▼ + stars: | 2023-06-04 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

Bengisu Yildiz, 30, moved from Turkey to the Netherlands last year. Her first job in the Netherlands wasn't a great match, but Yildiz found a new job where she's happy. Bengisu Yildiz, 30, decided to move from Turkey to the Netherlands last year, in part to experience a new lifestyle — and in part for a new job opportunity. Yildiz shared with Insider what her job is like on a hybrid schedule, her future goals, and what she misses about Turkey. "Maybe I can open an urban farm there to facilitate some job opportunities for young people like me who are interested with the topic," she said.

Persons: Bengisu Yildiz, Yildiz, —, Turkey, Netherlands Yildiz, wasn't, she's, Turkey Yildiz, I'm Organizations: Service, Amsterdam Locations: Turkey, Netherlands, Istanbul, Europe, Amsterdam, London

☆ The US labor market is still red-hot, adding 339,000 jobs in May
▼ + stars: | 2023-06-02 | by ( Madison Hoff | Andy Kiersz | ) www.businessinsider.com time to read: +4 min

The unemployment rate climbed to 3.7% in May, according to the jobs report on Friday. This monthly job growth came in far above the forecast of 180,000. Job openings data for April was released by the BLS on Wednesday. Data from the Job Openings and Labor Turnover Survey (JOLTS) showed that after a few months of job openings consecutively falling, there was an uptick from March to April. The number of layoffs and discharges fell by 264,000 from March to April to 1.6 million, according to the latest JOLTS report.

Persons: —, Daniel Zhao, Glassdoor's, Nick Bunker, Nela Richardson Organizations: Service, payrolls, Labor Statistics, BLS, Bureau of Labor Statistics, Federal Reserve, Labor, Bank of America Institute, Bank of America

☆ Biden and McCarthy's plan to change SNAP work requirements in the debt-ceiling deal could actually expand benefits — but not employment
▼ + stars: | 2023-05-31 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +6 min

She led some of her Democratic colleagues in introducing an amendment to remove the new SNAP work requirements from the debt-ceiling bill. "Come see me in a year, and I'll show you how much we actually saved," McCarthy told reporters on Tuesday night. How the work requirements will impact employmentDespite McCarthy and Republicans' belief that work requirements will bolster employment, some experts aren't so sure. Work requirements in SNAP have increased employment less; in Medicaid, they appear to have had little effect on employment." "I think it goes to the principle of this bureaucratic red tape that we call work requirements," Jayapal said.

Persons: —, Joe Biden, Kevin McCarthy, Biden, McCarthy, — McCarthy, Cori Bush, Lauren Bauer, there's, Bauer, Bernard Yaros, it's, Yaros, Congressional Progressive Caucus Pramila Jayapal, Jayapal Organizations: SNAP, CBO, Service, Supplemental, Assistance, Democratic, Office, White, Economic, Brookings Institution, The, Brookings, Moody's, Congressional Progressive Caucus Locations: Missouri, TANF

☆ Get ready to see millions of Americans lose their jobs if Congress doesn't raise the debt ceiling in the next few days
▼ + stars: | 2023-05-29 | by ( Madison Hoff | Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

The US could default on its debt as soon as June 5 if the debt ceiling isn't raised by then. That would translate to "7.8 million jobs lost from peak to trough," Yaros said. Other industries would see over half a million jobs lost in this scenario, including construction. "It's something closer to the 2001 recession that we had after the dot-com bubble, and you get about 1.5 million jobs lost from peak to trough," Yaros said. And 1.5 million jobs lost — that's still a huge human toll that was unnecessarily incurred."

☆ There's a big debate over whether it's OK to use AI in your job search. Some companies say it's 'a definite dealbreaker.'
▼ + stars: | 2023-05-28 | by ( Madison Hoff | ) www.businessinsider.com time to read: +7 min

Many job seekers have started using ChatGPT and similar AI tools to write résumés and cover letters. 39% of surveyed HR professionals said using AI in applications is a dealbreaker. Some recruiters said that using AI to write applications could be a "marketable skill." Plovie added that it's hard to say if companies will seek job candidates who have "expertise and experience" with AI tools. Are you an employer who doesn't want job candidates using AI tools to help with their résumés or cover letters?

☆ Here are the fastest-growing and fastest-shrinking big US cities
▼ + stars: | 2023-05-22 | by ( Madison Hoff | ) www.businessinsider.com time to read: +2 min

That's according to population changes from July 1, 2021, to July 1, 2022, for metropolitan statistical areas. The Villages, Florida, was the fastest-growing metro, while Houma, Louisiana, was the fastest-shrinking metro. Insider analyzed population estimates from the Census Bureau for the 384 metropolitan statistical areas in the US. The metro area of Dallas experienced the largest numerical population increase per the press release. Two other metro areas in Louisiana were among the 10 fastest-shrinking metros.

☆ A Gen Zer who was laid off explains how she's happier and more creative after working corporate jobs that 'sucked the soul' out of her
▼ + stars: | 2023-05-21 | by ( Madison Hoff | ) www.businessinsider.com time to read: +5 min

While she's still getting used to the change, she says she's happier and more creative. In her experience, corporate work was repetitive. She's joined a wave of people leaving corporate or white-collar work after a layoff, and as AI threatens the future of the industry. When she left behind corporate marketing, Ma started working as a freelance content creator. While she said her work-life balance was better before, "it didn't feel like I was really working or living."

☆ Bosses want people in the office. The class of 2023 is ready.
▼ + stars: | 2023-05-21 | by ( Ethan Dodd | Madison Hoff | ) www.businessinsider.com time to read: +8 min

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.

☆ The 10 fastest-growing jobs according to employers around the world
▼ + stars: | 2023-05-17 | by ( Madison Hoff | ) www.businessinsider.com time to read: +3 min

A World Economic Forum report highlighted the fastest-growing jobs from 2023 to 2027 based on what companies anticipate. AI and machine learning specialist is projected to be the fastest-growing job, per the report. "Of the 673 million jobs reflected in the dataset in this report, respondents expect structural job growth of 69 million jobs and a decline of 83 million jobs," the report stated. "This corresponds to a net decrease of 14 million jobs, or 2% of current employment." The following are the 10 fastest-growing jobs from 2023 to 2027 according to different employers from around the world.

☆ Meet a 24-year-old who realized corporate life wasn't for her. She now makes $58,000 as an innkeeper, has her rent subsidized, and has plenty of time to paddle board on the lake.
▼ + stars: | 2023-05-17 | by ( Madison Hoff | ) www.businessinsider.com time to read: +7 min

She likes interacting with guests and is happy she didn't end up in a corporate job. "I was looking for a corporate job just because that's what everybody in my life who didn't go to grad school did," she said. She told Insider she makes around $58,000 and part of her rent is covered, as she has employee subsidized housing. Are you a Gen Zer or recent graduate who found a job outside of a 9-to-5 corporate job? Are you a worker that left a corporate job?

☆ 10 Things in Tech: 'I saw a quantum computer,' Gen Zer learns data analytics on YouTube, and Ford's Ranger Raptor
▼ + stars: | 2023-05-15 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +4 min

Google's AI demonstration showed how Big Tech keeps on winning. Lots of startups are throwing their hat into the generative AI race. But it looks like Big Tech has a leg up on the competition. And it makes competitors even more dependent on Big Tech companies. My colleague Hugh Langley highlights how size and reach, not just quality, will win the AI race and breaks down how Big Tech is set to reap most of the spoils.

☆ Blue-collar workers could save the US from recession as the tech industry withers
▼ + stars: | 2023-05-14 | by ( Juliana Kaplan | Andy Kiersz | ) www.businessinsider.com time to read: +8 min

After a pandemic-era tech jobs boom — and now bust — more and more Americans are returning to blue-collar work for better pay and more security. As AI stands poised to potentially remake white-collar work, blue-collar work may emerge even more resilient. The Biden administration has been devoted to turning that around, pouring billions into projects devoted to bringing manufacturing jobs back stateside. And another key to the puzzle is treating blue-collar work with respect, like any other work — including high-paying tech jobs. Are you thinking of taking the plunge into blue-collar work, or have you already?

☆ 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.

☆ The 10 big cities where young people are getting hired like crazy, and what your new income will buy you
▼ + stars: | 2023-05-11 | by ( Madison Hoff | ) www.businessinsider.com time to read: +3 min

Amid graduation season, Gusto analyzed city data to see where young job seekers can get the biggest value. It ranked adjusted salaries for big cities that had the highest hiring rates for full-time young workers. 1, while New York City ranked No. To do this, Gusto looked at the 50 largest metro areas and what full-time hiring rates look like for young workers, including both college grads and non-grads. The following are large cities with high full-time hiring rates for young workers where the class of 2023 and young job seekers can get the biggest bang for their buck, per Gusto's analysis.

☆ Inflation continued to cool in April
▼ + stars: | 2023-05-10 | by ( Madison Hoff | ) www.businessinsider.com time to read: +2 min

"As inflation has remained elevated, Fed decision makers were unanimous in the vote to raise rates again at the most recent meeting." CPI climbed 0.4% month over month, per seasonally adjusted data. That's equivalent to the 0.4% forecast and more than the 0.1% month-over-month growth in March. Core CPI showed some cooling in the latest report; the previous year-over-year increase in March was 5.6%. With US inflation higher than the goal of 2%, the Federal Reserve has been raising interest rates.

☆ How a shockingly resilient jobs market saved the US from a recession
▼ + stars: | 2023-05-09 | by ( Madison Hoff | ) www.businessinsider.com time to read: +7 min

Several measures from Friday's jobs report show the labor market is stronger than it's been in decades. But Terrazas pointed to potential concerns in the labor market and for interest rates. "If it's the former, it's just a matter of time before gravity catches up with the labor market," Terrazas said. Overall though, the different robust labor market data suggests the US could maybe avoid a recession as has been the case so far in 2023. Despite potential risks in the job market, Pollak believes there's a possibility that the US continues to avoid a recession.

☆ 6 ways companies can attract Gen Z job seekers and how to keep them happy, according to a talent expert
▼ + stars: | 2023-05-08 | by ( Alli Hoff Kosik | ) www.businessinsider.com time to read: +7 min

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.

☆ A millennial who tests out side hustles explains what actually makes money quickly and which ones you should skip
▼ + stars: | 2023-05-07 | by ( Madison Hoff | ) www.businessinsider.com time to read: +9 min

He doesn't recommend trying to start a YouTube channel or voice work if you're looking to make money quickly. Under his handle @sidehustlereview, he tells 100,000 TikTok followers what he learns, including what makes money, and the time involved. My For You page is just side hustle after side hustle," Ryan told Insider. In addition to UGC, the other top side hustles Ryan recommends are hauling junk and being a virtual assistant. "I get so many personal messages saying they are so thankful that I'm trying these things and letting them know the truth and that really makes me feel good," Ryan said.

☆ The jobs market bounced back in April after recent cooling
▼ + stars: | 2023-05-05 | by ( Madison Hoff | ) www.businessinsider.com time to read: +2 min

New data out Friday shows the job market is doing well. The unemployment rate ticked down in April; the rate was 3.4%. Job growth was expected to majorly cooldown from the growth experienced in March. Powell also noted how the job market is doing at the press conference. He said the "labor market remains very tight" and that "labor demand still substantially exceeds the supply of available workers."

☆ High-skilled customer service workers given an AI assistant saw 'close to 0' boost in their productivity
▼ + stars: | 2023-05-04 | by ( Sindhu Sundar | Madison Hoff | ) www.businessinsider.com time to read: +4 min

The study found AI can help lower-skilled workers “communicate more like high-skill agents.”Morning Brew Insider recommends waking up with, a daily newsletter. New research may be showing insight into what generative AI could mean for workers at different skill levels. "But, as you can imagine, it doesn't help the high-skill workers that much, because that's the stuff that they already knew." "I think that we all are beginning to see that generative AI is different from some of the earlier waves," Brynjolfsson said. But he added that generative AI could be helpful for brainstorming ideas, or for creative purposes.

☆ Workers in a study got an AI assistant. They became happier, more productive, and less likely to quit.
▼ + stars: | 2023-05-03 | by ( Madison Hoff | ) www.businessinsider.com time to read: +7 min

Instead of looking at whether AI will replace workers, a study suggests it could improve work lives. A recent study by Erik Brynjolfsson, Danielle Li, and Lindsey R. Raymond shows that generative AI can actually boost productivity for workers. While their study was about generative AI and its impact on workers at a company, the researchers noted that the purpose of the study isn't to "shed light on the aggregate employment or wage effects of generative AI tools." The paper stated that the AI system used was "designed to augment, rather than replace, human agents." The AI system used by some of the workers in the study consisted of a GPT-based large language model along with machine learning algorithms.

Search resuls for: "hoff"

25 mentions found