Happy And Succeeding In The Future Of Work
Our Weekly Roundup
New Salary Transparency Laws Will Be A Big Victory For Workers—And A Huge Headache For Employers
If New York Governor Kathy Hochul signs a new law mandating the inclusion of salary or compensation ranges on job descriptions, the state will follow the path of Colorado and Washington state where pay transparency laws are currently in effect. The new law will become effective on November 1 in New York City, and statewide next year.
How The Fed Is Going To Make Life Miserable
Federal Reserve Chair Jerome Powell sternly reiterated his plan to battle inflation, warning last week that there won’t be a “soft landing” for the United States economy. Powell and the Fed’s decisions to repeatedly raise interest rates to tame inflation have drawn criticism from longtime market observers, including Fordham University Gabelli Business School professor James Lothian and Wharton professor Jeremy Siegel, who have seen decades of booms and busts. They and other economists have said the Fed’s policies will result in a recession and substantial job losses.
‘Acting Your Wage’ Is Detrimental To Long-Term Career Success
Acting your wage is the next viral trend emanating from TikTok after quiet quitting. According to the TikTokers, if your boss is only paying you minimum wage, that means you should just do the bare minimum amount of work. It’s about setting boundaries. The ethos is that if the company and managers fail to offer empathy, encouragement, the compensation you deserve and psychological safety to do your job without the fear of being yelled at or abused, there is no reason to overextend yourself working and let it affect your quality of life.
Green Flags In An Interview That Signal You’ll Get The Job Offer
Job hunters are all too familiar with red flags during the interview process, warning them to run away. It doesn’t happen too often, but once in a while, you can catch a break and find a wave of green flags, indicating that this will be the right fit. Here are green flags that you’re doing well, the interviewer is vibing with you and all signs point to a job offer.
Wall Street to Pay $1.8 Billion in Fines Over Traders’ Use of Banned Messaging Apps
Eleven of the world’s largest banks and brokerages will collectively pay $1.8 billion in fines to resolve regulatory investigations over their employees’ use of messaging applications that broke record-keeping rules, regulators said Tuesday. The firms include brokerage units of Bank of America Corp., Barclays PLC, Citigroup, Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group, Morgan Stanley, UBS Group AG and Nomura Holdings Inc. Brokerage firms Jefferies LLC and Cantor Fitzgerald & Co. also settled the claims with the Securities and Exchange Commission and the Commodity Futures Trading Commission.
$100 Million New Jersey Deli Scheme Leads To U.S. Fraud Charges
Three men, including a father-and-son duo, were criminally charged on Monday with orchestrating a market manipulation scheme that briefly caused the owner of a tiny New Jersey deli to have a more than $100 million market valuation. Peter Coker Sr, 80, Peter Coker Jr, 53, and James Patten, 63, were charged by the U.S. Department of Justice in a 12-count indictment with securities fraud and conspiracy, while Patten was also charged with wire fraud, money laundering and securities manipulation.
Barclays Hit By $361 Million U.S. Penalty For ‘Staggering’ Blunder
British lender Barclays agreed a $361 million penalty with U.S. regulators on Thursday for “staggering” failures that led it to oversell $17.7 billion of structured products, racking up further costs for an error that has blighted CEO C.S. Venkatakrishnan’s first year in charge. Barclays shares rose 2% in early trading on Friday following the news, and were last up 0.5% at 08.46 GMT – broadly in line with gains made by the wider FTSE 100.
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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, as well as the host of Happy And Succeeding In The Future Of Work and cohost of the Blind Ambition podcast.