Starting Pay For Grads Little Changed Since 2015Read the rest of this entry »
Last year's college graduates earned an average starting salary of $50,944.
That's a healthy bump above the average personal income for all workers, which was $46,550 when last measured in 2016. However, the National Association of Colleges and Employers says starting pay for college grads has barely budged over the last three years,. The 1.4% increase from 2015 to 2018 is a "further illustration of the sluggish ...
Survey Finds a Global Accounting Change Is OccurringRead the rest of this entry »
Driven by market demands, digitalization and generational shifts, a cultural change in accounting is occurring worldwide.
"We see evidence that a majority of professionals are actively and extensively examining not only what's being offered today to customers, but also the processes and structures behind running their practice," writes Jennifer Warawa, EVP of Partners, Accountants and Alliances with the accounting services firm Sage.
In her foreword to the recently released ...
Business Casual Is Becoming Business UsualRead the rest of this entry »
Business dress codes have loosened so much in the last five years that Friday casual may soon lose all meaning. Over the last five years, the percentage of companies allowing employees to dress casually every day has risen from a third to a half. Meanwhile, the "once a week" casual percentage has remained stuck at 62%.
The percentages, from the annual benefits survey conducted by the Society for Human Resource ...
Banks Betting Big On FintechsRead the rest of this entry »
Even as they're competing with the online banking fintechs, US banks are investing in other types of fintech startups.
Describing it as "future-proofing," CB Insights says the financial services sector is pouring billions into a diverse group of fintechs that include startups in wealth management, payments & settlement, real estate, lending and blockchain. So far this year, banks have participated in 24 fintech deals, says CB Insights, a pace ...
How to Answer Interview Questions That Cross the LineRead the rest of this entry »
Monster recently posted an article listing 5 illegal interview questions so obvious only a hiring manager living in a cave for the last 50 years would ever ask.
Is there an interviewer who doesn't know that asking something like “When are you planning to have children?” will all but guarantee hearing from the EEOC? Ditto for asking about a military commitment. Asking “How often are you deployed for Army Reserve ...
Why We Make Bad Job DecisionsRead the rest of this entry »
Have you ever been disappointed in a new job? Lots of people are. Multiple surveys tell us that 3-in-10 new hires quit in the first 6 months. An astounding 16% quit in the first week. "Buyer's remorse" leads some to simply not show up for their new job, which has given rise to the growing "ghosting" phenomenon.
Most of us, though, don't ghost and we don't quit. We may be ...
Study Finds Employees Don't Understand Supplemental BenefitsRead the rest of this entry »
With the benefits open enrollment season coming up, a timely report from Cigna finds that employees don't understand the voluntary medical-related benefits employers offer.
For example, despite knowing that even with employer-provided medical insurance they'll have other expenses, only 34% of workers would rely on supplemental benefits to pay non-medical bills. Instead, 49% would dip into savings; 32% would put them on their credit card; and 22% would borrow from ...
Deadline Approaching to Train NY Workers About Sexual HarassmentRead the rest of this entry »
If you're a New York employer or you have staff that even sometimes work in the state, you have only until Oct. 9 to train them about sexual harassment prevention.
A highly detailed law requires employers regardless of size to provide interactive, training for all employees -- full-time, part-time, seasonal or temporary. It must be done by the deadline to avoid penalties that can run into the thousands and can even ...
Candidates Still Want That Personal TouchRead the rest of this entry »
A few years ago, the American Staffing Association surveyed 1,000 adults discovering, among other things, that three-quarters preferred the human touch when looking for a job. Nearly the same percentage said they found value working with a person rather than just technology.
Now, a new generational survey of communication preferences pretty much confirms those findings. Of all the various methods for employers and their recruiters to communicate with job ...
Accounting Grad Hiring, Enrollment DeclinesRead the rest of this entry »
"Increased demand for technology skills is shifting the accounting firm hiring model," says the CEO of the AICPA. "This is leading to more non-accounting graduates being hired, particularly in the audit function."
The organization released its annual Trends Report yesterday. It shows an 11% decline in the hiring of new accounting graduates, while firms have increased their hiring of non-accountants by the same percentage. Some of the increase ...