Happy And Succeeding: For Those Who Have Blind Ambition To Achieve Great Things
It’s Not Just You—Job Interviews Are Dragging On Too Long
It’s not your imagination. If you’ve been searching for a new mid- to senior-level opportunity recently, the interview process is taking longer than it did during the Great Resignation, according to a recent report. The research by human capital advisory firm Josh Bersin Company and workforce solutions business AMS found that the duration for global hiring is at an “all-time high.” The recruitment process now averages about 43 days, which the report calls “unsustainable if companies are to remain competitive and keep pace with the fast-changing needs of their industry.”
Bank Of America To Pay $250 Million For Illegal Fees, Fake Accounts
Bank of America, the nation’s second largest bank, has been ordered to pay more than $100 million to customers for double charging insufficient fund fees, withholding reward bonuses and opening accounts without customers’ knowledge or permission. The bank is also on the hook for an additional $150 million in penalties for the same violations.
Watch Out For Love Bombing, Gaslighting And Breadcrumbing In The Workplace
Love bombing in the workplace involves managers lavishing excessive attention, praise and rewards on employees to create a sense of loyalty and commitment. It can be used as a manipulation tool by employers to attract, retain, control and exploit workers. Interestingly, religious cults also use the term to get new recruits to join them. Although it sounds sweet, love bombing can negatively affect workers and the company.
FTC Investigating ChatGPT-Maker OpenAI For Possible Consumer Harm
The Federal Trade Commission is investigating ChatGPT-maker OpenAI to understand if the company has violated consumer protection laws. The Washington Post, which first reported the news, published the FTC’s 20-page civil investigative demand (CID), similar to a subpoena outlining key focuses of the probe. A source familiar with the matter confirmed the authenticity of the document to CNBC. The FTC declined to comment.
How To Disconnect From Work Without Feeling Guilty
You want to be successful and are trying your hardest to climb the corporate ladder and make more money. You may feel a little rundown after years of being a hard charger. If you keep pushing, you run the risk of burning out. There is a balanced solution. You can slowly disconnect and unplug from your hectic schedule, while still being viewed as a top performer.
Merrill Lynch To Pay $12 Million For Failing To File Hundreds Of Suspicious Activity Reports
Broker-dealer Merrill Lynch has agreed to pay a total of $12 million in fines to regulators for failing to file about 1,500 suspicious activity reports over more than a decade. Under U.S. anti-money-laundering rules, broker-dealers like Merrill Lynch are required to file suspicious activity reports to the Financial Crimes Enforcement Network on transactions above $5,000 when they might signal criminal activities, such as tax evasion, to assist U.S. government agencies in detecting and preventing money laundering.
The Pros And Cons Of Rapid Job Hopping
Historically, if an applicant’s résumé shows that they have had a few moves within one to two years, the hiring firm would view the candidate as a job hopper. To an employer, a job hopper is considered a flight risk, and the hiring manager would pass on that person and look for other candidates who showcase longer tenures on their résumés.
Former Celsius CEO Arrested, Company Agrees To Pay $4.7 Billion Settlement
Former Celsius CEO Alex Mashinsky was arrested Thursday on federal securities fraud charges, a source told CNBC the bankrupt crypto exchange agreed to pay a $4.7 billion settlement with government regulators. The exchange was also charged by the SEC and CFTC with scheming to defraud investors out of billions. The $4.7 billion settlement is one of the largest in the FTC’s history, close to the record $5 billion fine levied against Meta in 2019, and highlights what the FTC described as repeated deceptions by Celsius and Mashinsky.
SEC Fines Cantor Fitzgerald Over Repeated Failure To Identify Large Traders
The U.S. Securities and Exchange Commission on Friday fined Cantor Fitzgerald $1.4 million for repeatedly failing to identify and report customers who qualified as large traders. Cantor, a New York-based investment bank and brokerage, did not admit or deny wrongdoing in agreeing to the civil fine. Large traders trade at least 2 million shares or $20 million a day, or at least 20 million shares or $200 million a month. They are typically professional investors, or institutional investors such as banks, hedge funds, insurers and mutual funds.
Coachero: Career Advising
As the CEO, founder and executive recruiter at one of the oldest and largest global search firms in his area of expertise, Jack Kelly has diligently worked placing top-tier professionals for the last 20 years. As a proponent of career growth, Jack is thrilled to have the opportunity to personally share career-advancing advice with you in an honest, straightforward, no-nonsense manner. As your career coach, Jack will help you with every aspect of your job search or career growth plan, offering real support and professional guidance.
Book Jack Kelly As Your Next Keynote/Guest Speaker
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Media Inquiry
Jack Kelly is available to discuss a broad range of topics, including, but not limited to: the job market, the state of recruiting, trending news stories and career advice. He has appeared on CNBC, MSNBC, NBC, FOX, CBS, BBC and NPR. Jack has been quoted in the the Wall Street Journal, Washington Post, Economist, INC., New York Post and more.
About Jack Kelly
Jack Kelly is the CEO, founder, and executive recruiter at one of the oldest and largest global search firms in his area of expertise. He has personally placed thousands of professionals with top-tier companies over the last 20-plus years. Jack is passionate about advocating for job seekers. In doing so, he founded a start-up company, WeCruitr, at the beginning of the Covid-19 pandemic. The mission of WeCruitr is to help people in need and make the job search more humane and enjoyable. As a proponent of career growth, Jack shares his insider interviewing tips and career advancement secrets as a Senior Contributor for Forbes. He also covers timely topics related to corporations, high-profile people, Wall Street, politics and other important matters. The pieces offer insight into the news and how it may impact your career. Jack is the author of Happy and Succeeding in Your Job Search and How To Get A Job In Tough Times, as well as the host of Happy And Succeeding In The Future Of Work and cohost of the Blind Ambition podcast.