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1 place where new college grads are applying for jobs, according to new data from Handshake, the college and recent grad career site. It's a continued pattern from pre-Covid days, but to an even greater extreme: New York City received the most applications from recent grads prior to the pandemic, and it's only gotten more competitive. That's nearly double the share of people willing to move for a job pre-pandemic, when 44% applications were submitted out of state. Want to be smarter and more successful with your money, work & life? Check out: The top 3 cities for new grads: ‘I can afford the house I want and the life I want’
Persons: grads, That's Organizations: New York City, New York Chicago Dallas Los Angeles Atlanta Boston San, New York Chicago Dallas Los Angeles Atlanta Boston San Francisco Austin , Texas Washington D.C, Houston Seattle Denver Philadelphia San, Houston Seattle Denver Philadelphia San Diego Miami New, CNBC Locations: New York City . New York, It's, New, Chicago, New York Chicago Dallas Los Angeles Atlanta Boston San Francisco Austin , Texas Washington, Houston Seattle Denver Philadelphia San Diego, Houston Seattle Denver Philadelphia San Diego Miami New York, Manhattan, U.S, Miami, Atlanta, Philadelphia, Seattle, San Diego, San Francisco
The majority of workers say they're back in the office five days a week, and they're paying up for it. The report, which surveyed 2,000 full-time U.S. workers in June, found that 26% of workers are hybrid this year, and just 7% are fully remote. Full-time office workers are spending roughly $1,020 every month to report to the workplace, while hybrid workers spend an average of $408 per month on attendance. "There's no question" working from the office is 'wildly more expensive" today than it was pre-pandemic, says Frank Weishaupt, CEO of Owl Labs. So it's not surprising to him that, when asked what work perks would get hybrid employees to return in-person more often, the No.
Persons: Frank Weishaupt, it's, Yannique Ivey, Ivey, Weishaupt Organizations: Owl Labs, Workers, CNBC Locations: Atlanta
Ivey, 27, works for a tech consulting firm in Atlanta and says she drives into the office once or twice a month. Another 8% of hybrid workers say they haven't tried coffee badging just yet but are interested in doing so. So, "coffee badging gives you the opportunity to maintain your flexible schedule, which is incredibly important to employees," Weishaupt says. Weishaupt himself does the reverse of coffee badging, where he'll start his day from home, drive in mid-day to avoid morning traffic, and finish the rest of his day from the office. In the Philadelphia area, Kynisha Gary, 30, says coffee badging helps her find balance as a parent and Penn State student.
Persons: Yannique Ivey, you'll, Ivey, Frank Weishaupt, Weishaupt, Gary Organizations: CNBC, ., Owl Labs, Penn State Locations: Atlanta, Philadelphia, It's
JPMorgan Chase CEO Jamie Dimon is bullish on the benefits of artificial intelligence, which is already being used by thousands of employees at his bank, and he predicts it'll usher in the norm of a shortened workweek. "Your children are going to live to 100 and not have cancer because of technology," Dimon said Monday in an interview with Bloomberg TV. Dimon says the bank's investments in AI "will add huge value" and is being leveraged across the firm's research, trading, customer service and other functions. When asked if the technology is likely to replace some bank jobs, he responded that "of course" it will, but that "technologies always replace jobs." Tech innovations also create new jobs and opportunity: AI technology could improve labor productivity and boost global GDP by as much as 7% over time, Goldman Sachs' report noted.
Persons: Jamie Dimon, Dimon, Goldman Sachs, He's, JPMorgan Chase, autoworkers — Organizations: JPMorgan, Bloomberg, Pew Research Center, CNBC
Kip Turner joined AT&T when he was 18 years old without a bachelors degree and learned everything for his engineering career on-the-job. In the summer of 1973, Turner drove to Little Rock for an interview and joined AT&T as a station installer. Turner joined AT&T without a bachelor's degree and has learned everything on the job. Kip Turner, 68, joined AT&T shortly after high school and has been with the company his entire 50-year career. "I would have loved to have completed an engineering degree," he says.
Persons: Kip Turner, he'd, Turner, he's Organizations: AT, Arkansas State University, Southwestern Bell Telephone, Little, CNBC, T, Notre Dame, University of Oklahoma, Champlain College , North, & $, & $ Locations: Champlain College , North Carolina
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
1 buzziest startup by growth and demand, according to LinkedIn's latest report on the top startups in the U.S. And rounding out the top 3 is Whatnot, the livestream shopping platform currently hiring several six-figures roles across product and security functions. Retailers, health startups and tech companies leveraging artificial intelligence dominate the list. Remote roles make up more than half of the available jobs at the top startups, says Dan Roth, LinkedIn's editor in chief. Here are the top 10 buzziest startups, according to LinkedIn, along with some of their six-figure job openings based on available data on the job site in late September:
Persons: LinkedIn's, Travis Barker, Dan Roth Organizations: LinkedIn, . Locations: New York City, U.S
Applying to jobs can feel like a numbers game, and there's no shortage of hacks to try and get your resume into the hands of a hiring manager. But one so-called tip that's gone viral on TikTok several times over may not be so foolproof. The hack, known as "white fonting," is "bad advice," says Farah Sharghi, a recruiter who estimates she's conducted more than 10,000 interviews at companies like Google, Lyft and TikTok. The idea stems from standard advice to tailor your resume using keywords in the job description. "It drives me nuts," Sharghi says of the trick, "and there's always a resurgence every year on TikTok where somebody makes a video about it, and it gets millions of views and people do it."
Persons: Farah Sharghi, she's, Sharghi, it's Organizations: Google Locations: TikTok
Since the beginning of the pandemic, corporate bosses have used Labor Day as a benchmark to call workers back to offices. New data shows that office attendance rates have, indeed, picked up since 2020, though even the latest annual autumn push shows the limits to how many more people may return. It begs the question as another Labor Day return has come and gone: Is anyone taking new RTO announcements seriously? 1 reason people don't want to use their office, according to an October 2022 Gartner survey, followed closely by the cost of going into the office. Half of workers say RTO prioritizes leader desires over employee needs
Persons: it's, Caitlin Duffy, There's, Duffy, Natalie Norfus, I'm, Norfus, RTO Organizations: Google, Kastle Systems, Gartner, Labor Locations: U.S, Montana, Covid
The home of mega-corporations like Coca Cola and Delta Airlines is also the best place to start your own business, according to new LinkedIn data. 1 U.S. metro area with the fastest year-over-year growth, 92%, in people founding their own companies, per the job search site. 1 place for young professionals to start a career, according to a report from Wallethub, based on metrics like availability of jobs, average starting salary, unemployment rate, median annual income, housing affordability and family-friendliness. Elsewhere in the country, the only representative for Silicon Valley — San Francisco — comes in at No. "Though the San Francisco Bay Areas remains one of the world's leading places for tech startups, it's possible or perhaps likely that smaller 'Main Street' businesses aren't opening at a nation-leading pace," Anders says.
Persons: Austin, George Anders, LinkedIn's, Anders, San Francisco —, that's, Donna Kelley Organizations: Coca, Delta Airlines, Fox, Seattle, metros, LinkedIn, Atlanta, Atlanta Austin , Texas Seattle San, Atlanta Austin , Texas Seattle San Francisco Chicago Boston, Fort Lauderdale, Fort Lauderdale New York City Los Angeles Denver, San, Global Entrepreneurship Monitor, The Washington Post . Entrepreneurship, Babson College, Washington Post, CNBC Locations: Coca Cola, Atlanta, U.S, Wallethub, pricey, San Francisco and New York, Atlanta Austin , Texas, Atlanta Austin , Texas Seattle San Francisco, Atlanta Austin , Texas Seattle San Francisco Chicago Boston Miami, Fort Lauderdale New York, Fort Lauderdale New York City Los Angeles Denver Atlanta, Austin, Silicon, San Francisco, San Francisco Bay, New York City, Los Angeles, Chicago, Miami, United States, Montana
The metro area around Missoula, Montana, ranked No. Tucked away in western Montana is America's most fun city for young adults. "There are so many big names, it doesn't make sense for how big the area is," Tong says. Don't miss: These are the top 10 states for young workers to find jobs, live affordably and have funMissoula ranks No. Tong says one big misconception of living in Missoula is that college students are everywhere, but she hasn't found that to be the case.
Persons: DeJohn, Jaclyn DeJohn, Sturgell, Tong, Brandon Sturgell, Summer Tong, Bon Iver, Jimmy Eat, Elton John, hasn't, we've Organizations: University of Montana's, MIT, Wilma Theatre downtown, Missoula, CNBC Locations: Missoula, Missoula , Montana, Montana, U.S, Tulsa, Okla, Mont, Portland ,, Denver
Some 57% of Gen Zers said they would like to become an influencer if given the chance, according to a new report from Morning Consult, a decision intelligence company. Put another way, more than half of Gen Zers "believe people can easily make a career in influencing," she adds. The Morning Consult data comes from one survey of 2,204 U.S. adults and one survey of Gen Zers ages 13 to 26 who use Twitter, Facebook, Snapchat, Instagram, TikTok, Twitch, or YouTube. Most Gen Zers think it's easy to make a career in influencingSome 53% of Gen Zers believe becoming an influencer is a reputable career choice, and a similar share would quit their current jobs if they could become an influencer if it was enough to pay for their lifestyle. 1 thing driving Gen Z's interest in influencing as a career is the ability to make money, followed closely by being able to work flexibly and doing fun work.
Persons: they'd, Gen Zers, Ellyn Briggs, Zers, Briggs, Young, flexibly Organizations: Morning, Twitter, Facebook, Consumer Locations: influencers
The company where workers feel most happy, fulfilled and stress-free can be seen from any given highway coast to coast. Love's Travel Stops & Country Stores, the truck stop and convenience store chain, was rated the No. 1 company for employee well-being, according to a new report from Indeed. Indeed based the awards on employee ratings focused on four aspects related to worker well-being: happiness, purpose, satisfaction and stress. While that looks a bit different at each company and in different industries, a high Work Well-being Score means employees feel appreciated, supported and generally satisfied at work."
Persons: Love's, Walt Disney Company Apple Love's, Jessee Rigney, Harris, Rigney, Priscilla Koranteng Organizations: Stores, Delta Air Lines Tata Consultancy Services Accenture IBM, Wipro Infosys Nike Vans, Cognizant Technology Solutions Hallmark Microsoft Northrop Grumman FedEx Freight Dutch, Coffee, Walt Disney Company Apple, CNBC, Employees Locations: Oklahoma City, New York, California
United Auto Workers (UAW) members on a picket line outside the Stellantis NV Toledo Assembly Complex in Toldeo, Ohio, US, on Monday, Sept. 18, 2023. Thousands of United Auto Workers members are striking against three major Detroit automakers — Ford, GM and Stellantis — at plants across the U.S. Autoworkers at Ford Motor Company were among the first to adopt a five-day, 40-hour workweek in 1926 at a time when people regularly topped 100 hours per week. By 1938, the Fair Labor Standards Act cut the workweek to 44 hours, then down to 40 hours two years later. "I think it will move the public toward thinking the four-day workweek is the appropriate workweek," Creighton says.
Persons: , Stellantis, Shawn Fain, That's, Cathy Creighton, they'd, Jonathan Cutler, Creighton Organizations: United Auto Workers, UAW, Stellantis NV, Detroit, — Ford, GM, Labor, Cornell University's Industrial, Labor Relations Buffalo Co, National Labor Relations Board, Ford Motor Company, Fair Labor, Wesleyan University, NPR, Cathy Creighton Cornell University ILR Locations: Stellantis NV Toledo, Toldeo , Ohio, U.S
And according to one report, Massachusetts is the best state that offers young workers plenty of jobs, affordable living and fun amenities. The New England state ranks No. These are the top 10 states for young workers to find jobs, live affordably and have fun, according to Scholaroo:Massachusetts Rhode Island New Hampshire Maryland Connecticut Vermont Washington Minnesota New Jersey OregonMassachusetts, in particular, ranks highly for jobs, health and workplace diversity factors, but trails in its affordability. It also ranks highly safety, workplace diversity and leisure, but scores lowest on the jobs front. The Scholaroo analysis also ranks states by subcategories across jobs, finances and lifestyle aspects.
Organizations: U.S . Labor Department, Census, Scholaroo : Massachusetts Rhode, Scholaroo : Massachusetts Rhode Island New Hampshire Maryland Connecticut Vermont, Rhode, South :, CNBC Locations: Massachusetts, New England, Scholaroo, Scholaroo : Massachusetts, Scholaroo : Massachusetts Rhode Island New Hampshire Maryland, Scholaroo : Massachusetts Rhode Island New Hampshire Maryland Connecticut Vermont Washington Minnesota New Jersey Oregon Massachusetts, New York, California, New Hampshire, U.S, North Dakota, Hawaii, South, South : West Virginia , Mississippi , Alabama, Louisiana, Oklahoma
The union proposed 40% hourly pay increases over the next four years. Meanwhile, Ford CEO Jim Farley earned $21 million in total compensation last year, the Detroit News reported. Stellantis CEO Carlos Tavares made $24.8 million, according to the Detroit Free Press. And GM CEO Mary Barra earned nearly $29 million in 2022 pay, Automotive News reported. CEO pay at the Big Three has grown 40% in the last decade, according to EPI — in line with the UAW's demands for 40% pay increases for autoworkers.
Persons: Autoworker, Jim Farley, Carlos Tavares, Mary Barra, Josh Bivens, EPI, Shawn Fain, Ford, Barra Organizations: United Auto Workers, Detroit, Ford, GM, CNBC, Bureau of Labor Statistics, CBS, Detroit News, Detroit Free Press, Automotive News, NPR, autoworkers, UAW
"When you ask questions at the end of your interview and ask your interviewer, "Do you have any hesitations about my candidacy?' That is the worst advice," says Farah Sharghi, who estimates she's conducted more than 10,000 interviews at companies like Google, Lyft and TikTok. It's smart to come prepared with questions for your interviewer when they inevitably ask if you have any. But one question often floated as a way to make yourself stand out could actually end your interviews prematurely. Maybe the interviewer was thinking, 'Well, I actually really liked this person, but now you've introduced hesitancy into my head.'"
Persons: Farah Sharghi, she's, Sharghi, wasn't Organizations: Google
By mid-2022, however, boom times at her company were beginning to deflate, and the business went through a big round of layoffs. She was offered the job of senior content marketing manager and started her new job in January 2023. The 9-to-5 offers 'a false sense of security'Rappaport stayed busy as the newest member of the company's four-person marketing team. It's also shifted her career plans: "It is a bit of a false sense of security, the whole 9-to-5 thing," she adds. Don't miss: 32-year-old tech worker got a $54,000 pay bump without looking for a new job—here’s howBuilding security into her next career move
Persons: Rachel Rappaport, Rappaport, Josh Rappaport, didn't, it's, It's Organizations: New, CNBC Locations: New York City, U.S
The class of 2024 longs for both job and financial security — and those priorities may be at odds when they negotiate the pay for their first jobs out of college. Some 3 in 4 college seniors graduating next year say they're unsure whether they plan to negotiate their starting pay, that it will depend on the offer, or they're outright not planning to have the discussion, according to Handshake's latest survey of 1,148 students in the class of 2024. Students say their main reason for not negotiating is they're worried an employer may rescind their offer if they do, followed by concerns that doing so will leave a bad impression. The remaining 1 in 4 students say they "definitely" plan to negotiate. But the fear of negotiating is "at odds" with many students' need for financial security, Williams adds.
Persons: Monne Williams, Williams
Young, rich Americans are leaving places like New York and California for more affordable living in Florida and Texas. But to find the highest concentration of wealthy young people, Washington is the place to be. The state just edges out California, where 10% of high-earners are young professionals. New York, Massachusetts and New Jersey also have high rates of high-earning young people. Washington's young and wealthy demographic is buoyed by Seattle, where early-career workers can earn a lot in the high-paying tech and health care sectors.
Persons: Young, Jaclyn DeJohn, SmartAsset's, DeJohn Organizations: U.S, Washington Locations: New York, California, Florida and Texas, Washington, New York , Massachusetts, New Jersey, Seattle, U.S, Manhattan, San Francisco
Many student loan borrowers will resume making payments on their debt this fall, and some may get an extra boost from their employer. The share of entry-level jobs that mention student loan repayment programs has more than doubled since 2019, according to data from Handshake, the career platform for college students and recent grads. As of June, 3% of jobs on Handshake include a student debt repayment benefit, compared with 1.2% of job listings mentioning such benefits in June 2019. "Graduates in the health-care and medical field are known for carrying notable amounts of student loan debt," Williams tells CNBC Make It. "When paired with a high demand for frontline health-care workers and practitioners, these factors make student loan repayment options a competitive benefit."
Persons: Monne Williams, Williams, they're Organizations: Employers, CNBC, Research
Since the early 2000s, he and his wife, Karen, traveled to New Zealand for vacation. But one other major expense caught them by surprise: bringing along their two dogs, Xena the Warrior Princess and Buffy the Vampire Slayer. Jon Kroll"I cannot emphasize enough how important it is, if you plan to bring animals with you, to make that part of your early planning process," Kroll tells CNBC Make It. And it's an expensive process, at that. "But once we retrieved Buffy and Xena from quarantine, our house instantly felt like a home."
Persons: Jon Kroll's, Kroll, Karen, Wellington, Buffy, Jon Kroll, I'm Organizations: CNBC Locations: New Zealand, Los Angeles, LA, Wellington
If you've ever dreamt about moving abroad, the capital city of New Zealand just made it easier. Wellington tends to attract early-career workers and those in search of a better balance, Allen says: "Here, people are more relaxed in their work life. Jon Kroll moved from LA to Wellington, New Zealand, in 2022. New quality of life boost is 'off the charts'Kroll says the cost of living is pretty comparable to life in LA. Want to be smarter and more successful with your money, work & life?
Persons: John Allen, Allen, That's, Wellington Jon Kroll, Jon Kroll, Karen Kroll Kroll, Karen, Kroll, Warren Buffett Organizations: New Zealand, U.S, FIFA, WellingtonNZ, Wellington Locations: New Zealand, Wellington, Australia, LA, Los Angeles, Wellington , New Zealand
Some 3.6 million salaried workers may soon be able to earn overtime pay, according to a new proposal from the Biden administration. Currently, overtime pay applies primarily to hourly workers who log more than 40 hours in one week. The new proposal raises that threshold so non-hourly professionals can earn overtime if they earn less than $55,068 per year, or $1,059 per week. Roughly 15% of salaried workers are now entitled to overtime pay, the AP reports citing data from the Economic Policy Institute. If the new rule passes, nearly 30% of salaried workers would become eligible for overtime, though that's far lower than the 60% of salaried workers who were entitled to overtime pay in the 1970s, per the EPI.
Persons: Biden, Jessica Looman, Obama, Trump, Warren Buffett Organizations: Labor, Economic, Institute, Federal Register, Labor Department, Republicans Locations: U.S, New York, California
Americans are pretty bad about unplugging from work while on vacation, and some of the youngest professionals have an especially tough time of it. Some 35% of Gen Z workers say they feel guilty not working when they're on vacation, versus the 29% U.S. average across age ranges, according to LinkedIn's latest Workforce Confidence Index, based on a survey of 9,461 U.S. professionals this summer. But working on vacation can send the wrong message to your boss and co-workers. Working on vacation can make you a bad co-workerSamm Samujh, 30, is an executive coach based in New York City and felt those pressures early on in her career. "If you're telling people you're on vacation for two weeks and ask for coverage, then while you're out you're emailing them, it causes confusion and creates more harm than good," she says.
Persons: they're, George Anders, LinkedIn's, Samm Samujh, Samujh, Anders Organizations: CNBC Locations: New York City
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