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☆ Attention laid-off tech workers: Non-tech companies are hiring. Here's how recruiters and career coaches recommend pitching yourself.
▼ + stars: | 2023-01-05 | by ( Rebecca Knight | Diamond Naga Siu | ) www.businessinsider.com time to read: +6 min

Research shows most of the well-paying tech jobs on offer today are in non-tech industries. And yet research suggests that well-paying tech jobs are abundant — they're just not in the tech industry. Around 60% of the top 100 employers of tech talent were from sectors like healthcare, consulting, defense, and banking. Another pro-tip: Using the language of the industry you're targeting. "Exceeding in the softer skills is something that will set aside most of the tech talent from each other honestly."

☆ Silicon Valley's job cuts are everybody else's gain as tech workers find exciting new opportunities outside Big Tech
▼ + stars: | 2022-12-21 | by ( Diamond Naga Siu | Rebecca Knight | ) www.businessinsider.com time to read: +7 min

Recruiters and other experts tell Insider that tech workers are in especially high demand in sectors including insurance, healthcare, retail, government, and banking. As you may expect, the traditional tech industry remains the largest employer of tech workers, the experts say. ZipRecruiter's Pollak said the turmoil in Big Tech was pushing "some tech workers to explore opportunities outside" the usual suspects for the first time. Tech job creation and hiring numbers remain strong, but layoffs keep coming, underscoring a tech labor market in flux. As for how laid-off tech workers ought to position themselves for these jobs, the Hired Guns recruiter Hemming has some advice.

☆ Struggling to Find Accountants, Businesses Boost Salary Offers, Hire Temporary Workers
▼ + stars: | 2022-12-19 | by ( Mark Maurer | ) www.wsj.com time to read: +7 min

Companies’ accounting and finance departments in particular, which are crucial for managing financial operations, internal controls and financial reporting, are suffering from the lack of personnel. It has 20 to 30 open finance and accounting positions globally, Mr. Juillard said. Companies also try to retain the finance and accounting workers they have. “Securing that talent has been the biggest problem,” Mr. Thorpe said. GEE used to elevate staff accountants to senior accountants in one to three years and to managers in three to six years, Mr. Thorpe said.

You can get the latest on that and much more from our finance newsletter, 10 Things on Wall Street. It's a snappy weekday read with the biggest stories on the Street, plus the latest on hot-spot restaurants, industry parties, and so much more. On the agenda today:Up first: Senior real-estate correspondent Daniel Geiger is giving us a behind-the-scenes look at the recent turmoil at Compass. With home sales dipping amid rising interest rates, Compass has cut workers and bled cash. In June, it laid off about 450 corporate staff, and in October, it let go of about half its 1,500-person tech team.

☆ Many laid-off tech workers are bouncing back stronger than ever. Here's why.
▼ + stars: | 2022-12-15 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

I'm almost certain that this prescient verse was talking about how over half the tech workers who got laid off recently are now earning more than what they made before, according to new analysis. Laid-off tech workers are actually finding jobs quickly. Because tech workers are typically college-educated, with specialized skills in high demand across many industries, their chances of finding new jobs are pretty good in any economy. But right now, those odds are unusually good — and many tech workers are bouncing back stronger than ever. Even though tech companies are doing terribly right now, a lot of businesses in other industries are fine.

☆ The hidden upside of tech layoffs
▼ + stars: | 2022-12-14 | by ( Aki Ito | ) www.businessinsider.com time to read: +7 min

In the midst of a wave of wholesale layoffs, many tech workers are somehow bouncing back stronger than ever. Ayas and her colleagues analyzed the fate of laid-off tech workers by looking at data from Parachute and Layoffs.fyi, both of which compile information provided by out-of-work employees. Today, not only are laid-off tech workers finding jobs quickly, Revelio Labs found, but 52% are actually earning more than they were before. That's not to say that laid-off tech workers will continue to face great job prospects forever. If the layoffs continue, the economy will eventually become oversaturated with tech workers — at which point their job searches will take longer, and more will be forced to accept lower salaries.

☆ Class of 2023 rejoice: Companies are ramping up hiring of new college grads as experienced workers are harder to find amid the labor shortage
▼ + stars: | 2022-11-06 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +9 min

The labor market is still tight, but employers are ready to hire from the pool of new college graduates. NACE found that respondents plan to hire 14.7% more 2023 graduates compared to the class of 2022. That's good news for workers, especially recent college graduates. "For instance, in many cases it costs less to hire a recent college graduate compared to a mid-career or senior-level professional." But it noted "only 6% expect to cut back on hiring new college graduates."

☆ 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

☆ 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.

☆ Watch your back: Here are the 4 kinds of employees most likely to get laid off in the current downturn
▼ + stars: | 2022-09-06 | by ( Aki Ito | ) www.businessinsider.com time to read: +9 min

Those who participated in the Great Resignation landed big raises, great benefits, and all sorts of perks that would have been unthinkable just a few years ago. So it's no surprise that in the current wave of layoffs, veteran employees are enjoying more job security. The average laid-off employee in Revelio Labs' analysis had worked for their employer for 1.2 years — meaning they were most likely hired near the start of the Great Resignation. MillennialsIn a previous analysis, Revelio Labs found that young professionals were much more likely than their older coworkers to switch jobs during the Great Resignation. For every Great Resignation, there will be a Great Reckoning.

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