Happy And Succeeding: For Those Who Have Blind Ambition To Achieve Great Things
Our weekly roundup
What You Need To Know About The Debt Ceiling Standoff And Its Potential Impact On The Job Market
The June 1 deadline for raising or suspending the United States government’s $31.4 trillion debt ceiling is fast approaching. A failure by Republicans and Democrats to reach a fiscal resolution—to impede the nation from a “protracted” default on its debt—could eradicate more than 8 million jobs from the U.S. economy, according to a May report by the White House Council of Economic Advisers (CEA).
Morgan Stanley CEO Plans To Step Down Within The Next Year
James Gorman said Friday he plans to resign as Morgan Stanley’s CEO within the year, setting off a succession race atop one of Wall Street’s dominant firms. The bank’s board has narrowed its CEO search to three “very strong” internal candidates, Gorman told shareholders at the New York-based firm’s annual meeting.Gorman, 64, will take on the executive chairman role “for a period of time” after stepping down as CEO, he said. “The specific timing of the CEO transition has not been determined, but it is the board’s and my expectation that it will occur at some point in the next 12 months,” Gorman said.
Sam Altman: CEO of OpenAI Calls For U.S. To Regulate Artificial Intelligence
Sam Altman, the CEO of OpenAI, the company behind ChatGPT, testified before a US Senate committee on Tuesday about the possibilities – and pitfalls – of the new technology. Altman said a new agency should be formed to license AI companies. ChatGPT and other similar programmes can create incredibly human-like answers to questions – but can also be wildly inaccurate. Altman, 38, has not shied away from addressing the ethical questions that AI raises, and has pushed for more regulation.
The Blind Ambition Podcast
The Blind Ambition with Jack Kelly provides a candid look into the top companies in business and tech. Go behind the scenes with industry and workplace leaders and explore work culture, what it takes to land a role at these companies, and how to build, scale and thrive in your career. Hosted by Jack Kelly and Rick Chen and presented by the professional social network Blind.
The ‘Big Stay’: More Workers Are Hunkering Down And Staying In Their Current Jobs
Fewer people are quitting their jobs in 2023, which signifies that the United States is phasing out of its Great Resignation era. According to the ADP Research Institute, the rate of Americans quitting their jobs is down by 5% from this time last year. Job openings in the U.S. have also fallen 20% from 2022. “The Big Quit of 2022 could be easing into the Big Stay of 2023,” wrote Nela Richardson, ADP chief economist, in her research institute data summary.
While CEOs Blame Remote Work For Decreased Productivity, Here’s The Bigger Picture
Labor productivity is down, according to new May data from the United States Bureau of Labor Statistics. Labor productivity—or output per hour—decreased 2.7% in the first quarter of 2023 for the nonfarm business sector, the sharpest decline in 75 years.
The Best Way To Answer ‘What Are Your Salary Requirements?’ In A Job Interview
It’s always awkward and challenging when asked to give your salary requirements on a job application or in an interview setting. You’re afraid to ask for too much, worried you’ll be rejected because of the number. On the other hand, you don’t want to sell yourself short. Avoid throwing out a wildly overinflated number, as it may backfire. An effective rule of thumb is to request about 20% more than you really want, so there is ample room for negotiations.
You May Also Be Interested In: How To Ask Someone To Be A Professional Reference For A New Job
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What You Can Do Right Now To Improve Yourself And Fast-Track Your Career
Stop talking about what you want to do in your job and career and start doing it. Identify your short-term and long-term career goals and create a plan to achieve them. This will help you stay focused and motivated and give you a clear path to follow. Fast-tracking your career takes time and effort, and there are no shortcuts. By focusing on developing your skills, building your network, setting goals, seeking out mentors, being proactive and continuing to learn, you can put yourself on the path to success.
You May Also Be Interested In: How To Use Mantras, Affirmations, Positive Self-Talk And Manifestation To Succeed In Your Job Search
Twitter Accuses Microsoft Of Using Its Data In Unauthorized Ways
Twitter is accusing Microsoft of using the social media company’s data in ways that were unauthorized and never disclosed. Alex Spiro, a partner at Quinn Emanuel Urquhart & Sullivan and attorney for Twitter owner Elon Musk, sent a letter to Microsoft on Thursday laying out the claims, including that the software company “may have been in violation of multiple provisions” of its agreement with Twitter over data use.
Real-World Advice To College Graduates That You May Not Want To Hear
College graduation time is upon us. Unprecedented challenges have confronted this 2023 graduating class. During the pandemic, you were sent home from college and told to learn over Zoom with professors who were not well-suited to navigate the new technology. You were instructed to follow social distancing guidelines upon returning to school, and on-campus parties were prohibited.
Would You Like To Change the Lives of People By Being A Mentor?
Think of all the mistakes you made early on in your career. They could have all been avoided if there was someone looking out for you. Now is your chance to give back and pay it forward.
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.