Happy And Succeeding In The Future Of Work
Bouncing Back From A Toxic Work Relationship
The rise in incivility and bad behavior in the workplace increased so dramatically that the United States surgeon general Vivek Murthy had to weigh in on this disturbing toxic and cutthroat trend, as it negatively impacts your mental health and emotional well-being. The No. 1 reason people leave their jobs, according to MIT’s Sloan School of Management, is due to toxic workplace culture. The research found that a toxic environment is 10.4 times more likely to contribute to attrition, ranking higher than a person quitting because of compensation.
After Decades Of The Antiquated Job Advertisement, It’s Time For An Overhaul
The job description, the first important step in the hiring process, is an antiquated document that needs to be updated. The massive amount of bullet points in the advertisement demand what you need to bring to the table. There is virtually nothing about the financial situation of the company, your future boss or information that a job hunter would like to know before investing their time and energy. It is one-sided.
Credit Suisse Chief Compliance Officer To Depart
In the coming weeks, Credit Suisse’s chief compliance officer Rafael Lopez Lorenzo will be departing the bank, according to a Bloomberg report citing people familiar with the matter. His leaving the firm comes after just over a year on the job and is said to be unrelated to the strategic review Credit Suisse is currently undergoing, the results of which will be announced Thursday along with third-quarter results.
Billionaire Dan Och Slammed by Hedge Fund for ‘Mismanagement’
The hedge fund firm formerly known as Och-Ziff “deteriorated” under the “mismanagement” of its founder Daniel Och, forcing those who succeeded him to spend years stabilizing the Wall Street firm, the company said in court filings. Och’s handling of a 2016 African bribery scandal involving the firm now rebranded as Sculptor Capital Management Inc. damaged the fund’s business and balance sheet while leaving staffers reeling, lawyers said Oct. 19 as part of a legal dispute over whether Och can get access to the firm’s internal files.
JPMorgan Builds Out Crypto Compliance Squad
JPMorgan Chase CEO Jamie Dimon last month branded cryptocurrencies “decentralized Ponzi schemes.” Now the bank has hired its first head of digital assets regulatory policy, Bloomberg reports. Aaron Iovine, former head of policy and regulatory affairs for bankrupt cryptocurrency lender Celsius Network, joined JPMorgan this week, a spokesperson for the bank confirmed.
3 Terms You Should Always Have On Your Resume To Target What ‘Every Organization Cares About’
When it comes to resumes, there are plenty of faux-pas. Don’t include self-assessments like “detail-oriented” or “hardworking,” for example. Don’t included outdated experience. Don’t use words like “responsible for,” which aren’t very powerful ways of describing what you did on a job. But there are also words and phrases that you’ll definitely want to include to get that recruiter or hiring manager to move you along in the process.
Finra Smacks Raymond James With $1.15 Million Penalty Over Compliance Shortcomings
The Financial Industry Regulatory Authority Inc. said Thursday it had reached a settlement with two broker-dealers under the roof of Raymond James Financial Inc. for a variety of compliance failures, including missing red flags when overcharging clients. The two Raymond James firms agreed to Finra’s settlement without admitting or denying the regulator’s findings. A spokesperson for Raymond James declined to comment.
Financial Advisor Pleads Guilty to Fraud After Arrested at Airport Trying to Flee
A Massachusetts investment advisor has pleaded guilty to multiple counts of fraud and other charges after a failed attempt to flee the country while he was awaiting trial. Steven Xigoros, of Lowell, Mass., is facing up to 25 years in prison for defrauding clients of more than $3.5 million to pay personal expenses, including gambling debts, according to the Department of Justice.
Crypto Is More Attractive as SEC Gets Aggressive, Investors Say
A crackdown by the US Securities and Exchange Commission and other watchdogs who have been investigating crypto’s naughtiest companies is proving to be a boon for the industry, with market participants saying they’re more likely to invest in the space following greater enforcement action.
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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.