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☆ There's a double-edged sword high performers face at work, and it's costing employers their talent
▼ + stars: | 2024-08-07 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +6 min

High-performing women have it the worst, the analysis found, with 38% of language used in their performance reviews containing exaggerations, clichés, and fixed-mindset labels. Poor feedback is bad for retentionGood-quality feedback is vital to keep top talent. Separate Textio research from 2023 found that workers who receive poor feedback are 63% more likely to leave their jobs within a year. The consequences of poor feedback can also be severe and wide-ranging, Murphy said. "Performance feedback should be delivered in real time whenever possible rather than waiting for a year-end review," Rosen said.

Persons: —, Ylva, That's, Baeckström, Tanner, Cheryl L, Mason, Courtney Murphy, incentivizes, Murphy, plateauing, Diane Rosen, Rosen Organizations: Service, Business, King's College London, Workers, Catalyst, Management, People Solutions

☆ What to do if you catch your employee on a quiet vacation, according to an HR exec
▼ + stars: | 2024-08-05 | by ( Ashley Couto | ) www.businessinsider.com time to read: +6 min

Read previewQuiet vacationing — employees secretly taking time off or using tools to circumvent monitoring software — is rising. This story is available exclusively to Business Insider subscribers. AdvertisementBusiness Insider has previously reported on employees using mouse jigglers and other methods to take secret vacations or work multiple jobs at once. Related stories"What does it say if an employee feels they can't take an extra day vacation or have to sneak out to go on vacation? Employees should have clear goals and objectives, and companies should measure employee performance based on those metrics, according to Church.

Persons: —, Nolan Church, JP Morgan, aren't, Church, wasn't Organizations: Service, Business, Amazon, Church, Microsoft, Church . Church Locations: Church

☆ 'Never quit your job,' says early retiree and self-made multimillionaire: Do this instead
▼ + stars: | 2024-08-04 | by ( Ryan Ermey | ) www.cnbc.com time to read: +4 min

If you're considering leaving your job, here's Dogen's best advice to follow in his footsteps. That he stayed only four months at the new gig is its own story — but it's also worth noting that by leaving so abruptly, he bucked a piece of his own advice: "Never quit your job," Dogen says. How you manage leaving your job is going to depend on your specific circumstances. If you're willing to do something similar, "more often than not, your employer will work with you — especially if you're a better than average employee," Dogen says. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.

Persons: here's, Dogen, it's, He'd, I'm, there's Organizations: CNBC

☆ The 'hushed hybrid' work schedule is the latest way employees are getting around a return to the office
▼ + stars: | 2024-08-03 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +4 min

It's called working a "hushed hybrid" schedule, and unlike other forms of sneakily evading a return to the office, you actually want — no, need — your boss to know about this one to make it work. Hushed hybrid refers to employees working from home more often than companywide policies would otherwise permit them to, thanks to the flexibility of their managers. AdvertisementWhile some workers could benefit from working "hushed hybrid," uneven enforcement of work policies could raise questions of favoritism. That could help eliminate the need for "hushed hybrid" working. Depending on how companies track attendance at the office, some managers may not be able to cover up for their employees' remote work.

Persons: —, Shelley Majors, Hatim Rahman, Rahman, Majors Organizations: Service, Business, Boardwalk HR, Northwestern University's Kellogg School of Management

☆ I sacrificed my honeymoon and almost cut my maternity leave short for work. I've learned to prioritize my family and set boundaries.
▼ + stars: | 2024-08-02 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +8 min

Working hard didn't protect me from getting laid offAfter college, I worked as an editor in 2008. After a year, I landed a job working for a small school. This time, I took the approach that work is work and didn't want to give so much time to it. While in the office, my boss asked me for updates on the project I'd been working on before taking leave. I love my work and work hard, but it's just a part of who I am — not my entire identity.

Persons: —, Kari Shafenberg, Levi Shafenberg, I've, It's, we'd, I'd, they'd, wasn't, That's, Shafenberg Organizations: Service, Army, Business, Management Locations: Colorado

☆ Why CTOs have the biggest job on Wall Street right now. Tech leaders from Goldman and Citadel open up about how the job is evolving in the age of AI.
▼ + stars: | 2024-08-02 | by ( Bianca Chan | ) www.businessinsider.com time to read: +8 min

"The most powerful part of the AI story thus far is the chief technology officer, chief information officer," Griffin said at the Milken Global Institute. At the most profitable hedge fund of all time, that person is Umesh Subramanian, Citadel's chief technology officer. But in the age of generative AI, the role of the CTO has evolved into something that reaches far beyond the back office. Nearly two years after OpenAI introduced ChatGPT, finance firms are still trying to figure out the best ways to leverage generative AI for their own businesses and workers. Related stories"The level of investment right now in AI, trickling down the whole value chain, is no longer only a technology investment," Argenti said.

Persons: —, Ken Griffin, Griffin, They've, Subramanian, OpenAI, it's, Andrew Chin, AllianceBernstein, Goldman Sachs, Marco Argenti, Chin, Wells, Bridget Engle, Engle, Keri Smith, Argenti, Citadel's Subramanian, Wall, Accenture's Smith, AllianceBernstein's Chin, Goldman's Argenti Organizations: Service, Citadel, Milken Global Institute, Business, BNY Mellon, Goldman, Amazon Web Services, Management, Accenture, Tech, Wall Locations: Wall

☆ Gen Z is transforming office email etiquette — but it could backfire
▼ + stars: | 2024-08-01 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

Related storiesAthwal said that the change in etiquette extends beyond out-of-office emails. He said he noticed the change in Gen Z résumés, regular work emails, and Microsoft Teams messages. Daniel Harris, a director at the recruitment firm Robert Walters, told BI that he, too, noticed Gen Z employees signing off emails with fun and informal taglines. Paola Accettola, CEO of the consultancy True North HR, also said that fun out-of-office emails should usually be reserved for coworkers only. Still, it can present problems if a colleague or client misinterprets what is meant to be a funny out-of-office email or email sign-off," she said.

Persons: —, Gen Z, Lucas Botzen, Gen, Steven Athwal, Zers, Athwal, Z, Daniel Harris, Robert Walters, Harris, Botzen, Paola Accettola Organizations: Service, Business, Guardian, Microsoft, Barclays, True

☆ High performers at work get the worst feedback, and it's driving them to quit
▼ + stars: | 2024-08-01 | by ( Jennifer Liu | ) www.cnbc.com time to read: +3 min

High-performers and women aren't getting quality feedback in the workplace, and it could be driving them to quit. "As people are providing feedback for these high performers, they feel the need to provide more, but it is more often surface-level," Snyder tells CNBC Make It. Meanwhile, 30% of high performers leave their organization within their first year, according to Textio data. Women get more personality-based feedback and internalize negative reviewsThe Textio analysis also finds that there are gendered biases in what kind of feedback is delivered to men, women and nonbinary employees. Women and nonbinary employees were more likely to internalize negatively stereotyped feedback, such as being described as emotional, unlikable or difficult.

Persons: aren't, Kieran Snyder, Snyder Organizations: CNBC Locations: Textio

☆ There's some really bad career advice on TikTok. Here are some of the worst tips you should ignore.
▼ + stars: | 2024-08-01 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Honesty is crucialIffi Wahla, the cofounder and CEO of global talent network Edge, told BI the amount of misguided advice circulating on TikTok is concerning. AdvertisementBeing too genericSome career advice TikTokers encourage spamming LinkedIn and other job sites with hundreds of the same documents. Related storiesBut recruiters talk, Chapman and Wahla told BI. 'Act your wage'Martin Morris, an associate director at the recruitment agency Talos360, told BI the worst advice he's seen is to "act your wage." AdvertisementInstead, Lovell recommended briefly covering something you didn't discuss during the interview that shows you are a good fit for the role.

Persons: —, Wahla, Jill Chapman, Chapman, Martin Morris, Morris, Lovell, Chris, it's, she's Organizations: Service, Business, ageism, Insperity, SoFi Technologies, ATS Locations: —

☆ Want to work for Blackstone straight out of college? Here's the best route.
▼ + stars: | 2024-07-31 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +12 min

This year, Blackstone hosted more than 150 summer interns, including summer associates who tend to come from business or law school, as well as the undergrads who make up its summer analyst program. AdvertisementCheck out our exclusive deep dive into Blackstone's 10-week-long summer analyst program below. How competitive is Blackstone's summer analyst internship program? AdvertisementA group photo of Blackstone's summer analyst class during orientation. Gray recently addressed what leads to success at Blackstone in a speech to the 2024 summer analyst class, which was posted on Linkedin.

Persons: —, Blackstone, Jon Gray, Paige Ross, Blackstone's, Blackstone Blackstone, Taylor Kanfer, Kanfer, Mr Stone, Steve Schwarzman, they're, Ross, Goldman Sachs, There's, decamp, they'll, Gray, Kleiner Perkins, Chan Zuckerberg Organizations: Service, Harvard, Business, BI, University of Pennsylvania, Diverse, Blackstone, Investment, Linkedin, LinkedIn, Goldman, Barclays Locations: York, New York, Wayne , Pennsylvania, Miami, Asia, Africa

☆ Ex-Spotify HR pro’s No. 1 job interview tip: Ask ‘humblebrag questions’
▼ + stars: | 2024-07-29 | by ( Gili Malinsky | ) www.cnbc.com time to read: +1 min

When you're going in for a job interview, remember, you're interviewing your prospective employer, too. Consider the questions you'd like to ask and sprinkle them in throughout the interview or ask them at the end when they open it up. It's what Dan Space, who's worked in HR at companies like Electronic Arts and Spotify, calls "humblebrag questions." They show you off and get your questions answeredA humblebrag question both shows you off and addresses something that you're genuinely curious about. You can also reference a specific success you had in a similar job and ask if this company is doing something similar.

Persons: it's, Dan, who's Organizations: Electronic Arts, Spotify

☆ Not finding your dream job? Asking yourself these questions can help open up your search
▼ + stars: | 2024-07-28 | by ( Gili Malinsky | ) www.cnbc.com time to read: +2 min

If you're currently in that position, don't overlook every job that seems out of line with your current pursuits. Sometimes even an opportunity that seems a bit off your path "is a bridge" to where you want to be in the future, says Jasmine Escalera, career expert at My Perfect Resume. Before you even begin your job search, "I think the most important thing to start with is self-reflection," says Escalera. This kind of thinking could ultimately help you widen your search and find opportunities in open roles you hadn't considered. That will help you find roles in your job search you may not have considered but that could help you develop in the right way.

Persons: Jasmine Escalera, hadn't, Dan Space, who's Organizations: Bureau of Labor Statistics, Electronic Arts

☆ Here's how much it can cost a family of four to live across 10 major Asian cities
▼ + stars: | 2024-07-26 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +1 min

Living in a major city can come with a hefty price tag, so it's best to be informed before you make that big move. In Asia, Hong Kong and Singapore top the list for cost of living. A family of four can expect to spend an estimated $9,000 a month to live in one of these cities, according to Numbeo, an online database of user-contributed information. Singapore also saw a "rocketing increase" in its housing rentals from 2022, however, prices have begun to stabilize in recent months, said Ma. Here's a broader look at how much it costs for a family of four to live across 10 major cities in Asia, according to data by Numbeo:

Persons: Tracey Ma, APAC, Hong Kong, Ma Organizations: Mercer, CNBC, Singapore's Urban Redevelopment Authority Locations: Asia, Hong Kong, Singapore, Mercer, Hong, Ma, Singapore's

☆ You've heard of pretty privilege, but 'ugly privilege' may have its perks too
▼ + stars: | 2024-07-26 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +6 min

But what about "ugly privilege"? A TikToker called Sarah posted a video this week, which has amassed 159,000 views at the time of writing, where she explained why she thought she had "ugly privilege" and what it meant. "But when I say I have ugly privilege, it's not that I necessarily think I'm an ugly individual," Sarah said. She continued: "But when I say I have ugly privilege, what I mean by that is men, in general, don't mind me attractive." Underlying sexismRegardless of the "privilege" of being deemed ugly or pretty, women are disproportionately scrutinized for their looks and are acutely aware of this scrutiny.

Persons: —, Sarah, it's, I've, that's, Lucas Botzen, Botzen, Melissa Weaver, hadn't, Weaver, Daniela Herrera, Chilcutt Organizations: Service, Business, Johns Hopkins Carey Business School, University of, Sinclair Pharma, Allies, Recruiting

☆ Salary transparency gains steam in Asia as young people share their salaries online
▼ + stars: | 2024-07-25 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +6 min

The top driver for pay transparency practices in Asia is "regulation and compliance" (72%) according to a 2024 report by Aon. Currently, the top driver of pay transparency practices in Asia is "regulation and compliance" (72%) according to the report. Jashani is just one of the many young people in Asia who are working on increasing pay transparency in the region. I think our role to advocate for pay transparency is actually [done] through conversation. "I think our role to advocate for pay transparency is actually [done] through conversation," she said.

Persons: Peter Zhang, Zhang, Jashani, I'm, Davekhaw, they'll, Prestine, Aon's Zhang, Peter Zhang Head Organizations: Aon, CNBC, Employers Locations: Asia, United States, California, New York, millennials, Singapore, Instagram, Malaysia, Malay

☆ A PIP means you've probably already been quiet fired, says management academic
▼ + stars: | 2024-07-24 | by ( Nora Redmond | ) www.businessinsider.com time to read: +4 min

She said she was unexpectedly put on a PIP by her manager several years ago when working in marketing. AdvertisementRymsha explained that many of her former HR business partners hated putting people on them. Quiet firingFor Rymsha, a PIP is an invitation to leave a company. Advertisement"If you get that PIP, you've been quiet fired, probably three to six months ahead of time," she said. Rymsha said often, before a PIP is even issued, employees will gradually see things being taken away from them.

Persons: —, Catherine Rymsha, Rymsha Organizations: Service, Business, University of Massachusetts Locations: Lowell

☆ AI startup Cohere cuts staff after $500 million funding round
▼ + stars: | 2024-07-23 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

Cohere, the artificial intelligence startup founded by ex-Google AI researchers and backed by Nvidia , cut about 20 roles on Tuesday, CNBC confirmed. Despite the cuts, Cohere is hiring in areas such as customer operations, partnerships, revenue, sales, product design and modeling, according to its website. In June 2023, Cohere raised $270 million at a $2.2 billion valuation, with Salesforce and Oracle participating in the funding round. Many customers include businesses in banking, financial services and insurance, Kon told CNBC in the past. In November, Cohere told CNBC it saw an uptick in customer interest after OpenAI's sudden and temporary ouster of CEO Sam Altman.

Persons: Aidan Gomez, OpenAI, Cohere, Fortune, It's, Anthropic, Claude chatbot, Martin Kon, Kon, Sam Altman Organizations: Cohere Inc, Economic, Cohere, Google, Nvidia, CNBC, AMD, Oracle, Salesforce, Company, White, Enterprise Locations: Davos, Switzerland, Cohere, Cohere's

☆ I was an Amazon software engineer for almost 8 years. I either loved or hated the company — I never felt indifferent.
▼ + stars: | 2024-07-23 | by ( Pooya Amini | ) www.businessinsider.com time to read: +11 min

While working there, I never felt indifferent toward the company; I either loved or hated it. Amazon felt like an engineer-driven company because technical engineers had control over entire projects versus being assigned small tasks by non-technical managers. As a senior engineer, I ran a training on "customer obsession," one of the main "leadership principles" that define Amazon employees. Because there are so many principles, managers could use them in contradictory ways. Amazon on-call shifts were frustrating and exhaustingAt Amazon, most of our product decisions were based on customers.

Persons: —, I've, you've Organizations: Service, Amazon Vancouver, Amazon, Meta, Business, Amazon Web Services, Alexa, . Locations: Amazon Vancouver, Amazonians, Amazon

☆ The number of low-wage U.S. workers is dropping—but 23% still make less than $17/hr
▼ + stars: | 2024-07-23 | by ( Gili Malinsky | ) www.cnbc.com time to read: +6 min

"As they continue to annually increase their minimum wages, the number of low-wage workers does go down," says Henderson. Similarly, many states hiked their tipped minimum wages — or did away with a tipped minimum altogether. 53% of tipped wage workers earn less than $17 per hourAll that said, there are still nearly 40 million workers making less than $17 per hour. Nationwide, more than half, 53% of tipped wage workers earn less than $17 per hour, according to the report. A third, 33% of Latin or Hispanic workers and 32% of Black workers earn less than $17 per hour, compared to 21% of white workers, according to the report.

Persons: Kaitlyn Henderson, Henderson, Workers aren't, Judy Conti Organizations: Federal, Health, Education, Labor, Pensions, " Workers, Oxfam, Workers, Institute, National Employment Law, Bureau, National Women's Law, BLS, Agriculture, National Center, Farmworker Health, Census Bureau Locations: New York City, Washington, Maine, Oregon, EPI, Mississippi, Oklahoma, Louisiana, Kentucky, Texas, North Carolina, Mexico, West Virginia

☆ French aerospace company sees surge in U.S. applicants after SpaceX relocation news: 'Come to Europe and we'll help you'
▼ + stars: | 2024-07-23 | by ( Jennifer Liu | ) www.cnbc.com time to read: +3 min

Latitude, a French aerospace company based an hour outside Paris, is getting a surge of applications from American engineers after Elon Musk said he would relocate SpaceX headquarters from California to Texas. Those job seekers work at SpaceX, Blue Origin, Lockheed Martin, Tesla and other companies related to the aerospace industry, the spokesperson tells CNBC Make It. He says the message wasn't a takedown of Musk or SpaceX, which Maximin refers to as one of "the best engineering companies in the world." Rather, he says, "if you're not happy where you are, if you want different things, you can come to Europe, and we'll help you." "We have done it multiple times over," Maximin says, adding that his company has "the full support of French authorities" to make the relocation happen quickly.

Persons: Elon Musk, Lockheed Martin, Tesla, Musk, Stanislas Maximin, Rather, Joe Biden, Donald Trump, Maximin Organizations: Elon, SpaceX, Lockheed, CNBC, U.S Locations: French, Paris, California, Texas, U.S, Hawthorne , California, Starbase , Texas, Europe

☆ Asking this popular job interview question is 'a waste of time,' says ex-Spotify HR pro
▼ + stars: | 2024-07-22 | by ( Gili Malinsky | ) www.cnbc.com time to read: +1 min

When you're going in for a job interview, remember to show up on time, dress appropriately and come in with some good questions for your interviewer. Another question you might want to avoid: "What does success look like in 30, 60, 90 days?" It's going to get 'a very low value canned response'To begin with, Space says, the question is not necessarily going to give you a useful answer. "Any sort of future telling questions, I think, is going to get a very low value, canned response," he says. Trying to get at how to succeed in a general way is ultimately "just a waste of time," says Space.

Persons: you'll, Bert Bean, Dan Space, who's Organizations: Insight Global, Electronic Arts, Spotify

☆ Why the interview process is more annoying than ever
▼ + stars: | 2024-07-18 | by ( Tim Paradis | ) www.businessinsider.com time to read: +8 min

Yet, it's often hard to tell how an interview process might unfold. But now, even the interview process for getting something like a six-month assignment has proven difficult, Kilgore said. "Now, there's an assessment or multiple assessments, a self-conducted video interview where you speak to a robot via webcam, then a phone-screening interview, then some kind of in-person interview, and then an interview where you meet the senior management," the person wrote. Schielke recounted one interview she participated in where there was the candidate and then 15 people on the other side. She added that some job seekers need to reset their expectations after several years in which they were calling the shots.

Persons: —, Octavius Newman, Newman, — Newman isn't, Allen Johnson, Josh Bersin, aren't, Zers, J, Raymond Kilgore, who's, Kilgore, it's, Jennifer Schielke, Schielke, she's Organizations: Service, Business, Employers, Nvidia, Group Solutions Locations: Philadelphia, Chandler , Arizona, Philly

☆ John Deere backs away from diversity and inclusion efforts after a conservative backlash
▼ + stars: | 2024-07-18 | by ( Associated Press | ) edition.cnn.com time to read: +7 min

NEW YORK AP —John Deere says it will no longer sponsor “social or cultural awareness” events, becoming the latest major US company to distance itself from diversity and inclusion measures after being targeted by conservative backlash. The move from the company known on Wall Street as Deere & Co. arrives just weeks after rural retailer Tractor Supply ended an array of its corporate diversity and climate efforts. Both announcements came after backlash piled up online from conservative activists opposed to diversity, equity and inclusion efforts, sponsorship of LGBTQ+ Pride events and climate advocacy. “If it’s so polarizing that people just abandon it, then we all lost.”Legal attacks against companies’ diversity, equity and inclusion efforts have also drawn more attention following the Supreme Court’s 2023 ruling to end affirmative action in college admissions. That doesn’t mean companies will stop their DEI efforts entirely, she added, but they may have to change language or find new workarounds.

Persons: John Deere, Robby Starbuck, Starbuck, John Deere’s, it’s, ”, Eric Bloem, John Boyd , Jr, John C, Deere, Bud Light, aren’t, SHRM, Johnny C, Taylor, Jr, Jen Stark, Donald Trump, Stark Organizations: Deere, Co, Tractor Supply, Conservative, Human Rights, Associated Press, Supply, Human, ”, Black Farmers Association, Deere &, Labor Department, Target, Society for Human Resource Management, LinkedIn, AP, Center for Business, Social, Heritage, Republican Locations: The Moline , Illinois, Brentwood , Tennessee, BSR, U.S

☆ ‘Strictly Come Dancing’ contestants to be chaperoned after abuse allegations
▼ + stars: | 2024-07-17 | by ( Issy Ronald | ) edition.cnn.com time to read: +3 min

London CNN —“Strictly Come Dancing,” Britain’s version of the hit TV show “Dancing with the Stars,” announced that chaperones will accompany celebrities when training with their professional dance partners, after two of its dancers left following allegations of abuse. “And that courtesy wasn’t extended to me.”The BBC directed CNN to Tuesday’s statement when asked for a response to Abbington’s reported comments. Top London law firm Carter-Ruck confirmed to CNN on Wednesday that it is representing her but declined to comment further. Pernice has repeatedly denied Abbington’s allegations, calling them “false” and rejecting “any suggestion of abusive or threatening behaviour,” in two statements posted on Instagram. As requested, I have stayed silent, but I am looking forward to the conclusion of the investigation and ultimately clearing my name,” he added.

Persons: London CNN —, ”, chaperones, – Giovanni Pernice, Graziano di Prima –, Amanda Abbington, Pernice, ” Graziano di Prima, Zara McDermott Guy Levy, Abbington, Carter, Ruck, “, Di Prima, Zara McDermott, shaming, I’ve Organizations: London CNN, BBC, Sunday Times, CNN Locations: London, British

☆ The top reasons job applicants say they ghost prospective employers in the hiring process
▼ + stars: | 2024-07-16 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

Some job applicants may withdraw their candidacy without saying so, disappearing in the middle of the hiring process. Knowing why they do so can help companies address issues in the hiring process to better attract, hire, and retain talent. The biggest reasons job candidates said they ghost prospective employers have to do with bad experiences with talent acquisition, according to a report published Monday by FlexJobs and MyPerfectResume. With any application, "the outcome might not be getting the job or offering the job," Frana added. But letting a candidate or prospective employer know before you go is "at least is a more positive end than just dropping communication altogether."

Persons: —, ghosting, FlexJobs, Toni Frana, Frana Organizations: Service, Business Locations: United States

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