Category: Research

Landing an internship has become way more important and complex than anyone’s acknowledging

By: Jeff Selingo In May of 1994, a couple of weeks after I finished my junior year of college, I packed up my parents’ Honda Accord and moved to Washington, D.C. for the summer. I lived in a dorm at American University with dozens of other college students from around the country who had all come to the nation’s capital for what was seen as a rite of passage on our way to a bachelor’s degree: the summer internship. The jobs were mostly menial and many didn’t pay, but each day we hopped on the Metro to head off...

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Google’s bipedal robot reveals the future of manual labor

By: Andario Strange VIDEO: YOUTUBE, MEHDI_SAN Google recently put up its Boston Dynamics robotics unit up for sale, but that doesn’t mean that the company is getting out of the automaton business. A new bipedal robot from Google’s Schaft robotics was shown off on Friday at the New Economic Summit conference in Tokyo, Japan on Friday. The small robot is shown walking in a number of situations that can be challenging even for humans, including a sandy beach, a rocky terrain, snow, and a steep, narrow staircase. At one point during the demonstration video (top of page), we even...

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Jobless Claims Surge Most In 2 Years As Challenger Warns Of “Significant” Jump In Retail, Computer Layoffs

By: Tyler Durden With both ISM Manufacturing and Services employment indices collapsing, endless headlines of layoffs, Challenger-Grey noting Q1 as the worst since 2009, and NFIB small business hiring weak, it is no surprise that initial jobless claims is finally waking up. For the 3rd week in a row – the longest streak since July 2015. The last 3 weeks have seen a 9.1% surge in jobless claims – the biggest such rise since April 2014. And finally, as Challenger-Grey notes, Through the first quarter of 2016, employers announced 184,920 job cuts, up 31.8 percent from the 140,241 cuts tracked the first three months of 2015. The first quarter saw 75.9 percent more job cuts than in the final quarter of 2015, when 105,079 job cuts were recorded. US companies announced the most 1Q layoffs since 2009 as oil-related cuts continue to inflate numbers, according to data from Challenger Gray. Citing John Challenger, MarketTalk adds that announcements “have increased significantly” in retail and computers, adding, “While it may be too early to sound the alarm bells, the upward trend outside of the energy sector is somewhat worrisome.” Overall announced layoffs by Challenger Gray’s count have been 185K this quarter, versus 140K a year earlier. It’s the worst start to a year since 2009, when in the wake of the financial crisis companies announced plans that 1Q to cut 562K jobs....

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Why Are Millennials So Unhappy at Work?

By: PETER ECONOMY Seventy-one percent of Millennials are disengaged at their jobs. That’s a big problem. IMAGE: Getty Images An interesting phenomenon has developed in the generation born between the late ’70s and the mid-’90s, a group we now call Millennials. According to the Gallup Organization, Millennials are the least engaged generation at work–with only 28.9 percent of U.S. Millennials engaged in their jobs. That means 71 percent are not. For some reason, Millennials are unhappy in their jobs, and for our organizations to prosper now and in the future, we need to do something about it–and soon. Millennials live seemingly perfect lives, emphasized by the highlight reels of every post on Facebook, every photo on Instagram, every short video on Snapchat. Yet, as more and more people boast their constant happiness, the increasing cases of anxiety and clinical depression show something totally different. But before we can find a solution to all this unhappiness, we must first get to the root of why so many Millennials feel so dissatisfied. The reason, as it turns out, has largely to do with the idea that one’s personal happiness is based on the individual’s reality versus his or her expectations. The concept is quite simple: If someone’s expectations are lower than what occurs in reality, that person will be happy with the outcome. If someone expects more than what actually happens, however, then he or she...

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Transmosis wins Workforce Grant from the State of Nevada Governor’s Office

Partnership with the City of Henderson will launch STEM Workforce Accelerator Henderson, NV – February 11, 2016 – Transmosis, a nationally recognized workforce accelerator founded by Silicon Valley technology entrepreneurs, today announced it has won a grant from the Governor’s Office of Science, Innovation and Technology (OSIT) to develop a new STEM workforce training program in downtown Henderson.  The program will build off Transmosis’s nationally recognized on-the-job (OJT) training model and workforce accelerator developed in Silicon Valley. The City of Henderson has partnered with McKinsey and Transmosis to create an employer-driven IT Bootcamp, Externship, and Job Placement program and modeled after similar programs in other cities that have graduated and employed more than 1,200 students.  The Bootcamp will be intensive, six hours a day for ten weeks and curriculum will be tailored to the needs of individual employers while professional mentors and an individualized action plans will be provided to each participant.  At the conclusion of the program, students will be prepared to earn nationally-recognized IT certifications such as CompTIA A+ and Network+.  The program will be located in the historical Water Street District in downtown Henderson and will target students who are unemployed, underemployed, or otherwise determined to be high-risk. “STEM workforce development is one of my top priorities.  The education and training students receive in these programs will prepare them for high-wage, in-demand, careers in the new Nevada,”...

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Americans just had $176 million in wages garnished by the government due to unpaid student loans

By: Jillian Berman Despite more programs available to federal student loan borrowers to manage their loans, borrowers are still struggling. In fact, between October 1 and December 31, 2015, private debt collection companies hired by the Department of Education garnished more than $176 million in wages from defaulted student loan borrowers in order to pay back their debts, according to data released last week. Though the government provides a variety of options to help student loan borrowers manage their payments, it also has extraordinary powers — including wage garnishment — to collect on the debt if a borrower defaults. There’s not much historical data on how much student loan debt collectors have secured through wage garnishment, so it’s hard to say whether there are fewer borrowers being subjected to wage garnishment than in previous years. The government did release similar data last year, which showed that the companies collected $170 million over the three months leading up to October of 2015. To be sure, these companies do collect more by other means — more than three quarters of the money the companies recovered for the Department came through rehabilitations, a process that allows defaulted borrowers to become current on their student loans after a series of on time payments. –– ADVERTISEMENT –– Still, the sheer size of the pot taken from borrower’s wages is “horrifying” said Chris Hicks, an...

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Would you eat in a restaurant with a robot waiter? This droid works 8-hour shifts and doesn’t expect a tip

A restaurant has used a battery-powered robot to serve food and drink to punters – but experts warn of ‘inevitable’ jobs threat By: JEFF PARSONS A battery-powered robot serves dishes up to 8 hour a day in a restaurant in Shenyang, capital of northeast China’s Liaoning Province How would you feel about being served food by a robot ? One restaurant in China has done exactly that – swapping a human waiter for a 140cm-tall robot counterpart. Using a battery, the robot is capable of serving diners at a restaurant in Shenyang, capital city of China’s Liaoning Province, for up to eight hours. The robot takes customers their food and drinks and, thanks to a mix of sensors and navigation hardware, is able to avoid spilling anything. It can carry up to 7kg of food or drink at one time and, better yet, doesn’t require wages – or even a tip. A robot serves food without asking for wages or a tip – but does it put jobs under threat? Good for restaurant owners, but not for anyone looking for a job in the catering industry. Thankfully, tech experts reckon it’ll take a while for robot waiters to replace a human face . “I think there are several generations of development yet before the physical world of humans is replaced with cyber alternatives,” Mark Skilton, from Warwick Business School told...

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Is This Why Yellen Went Full-Dove: U.S. Hiring Plunges Most Since November 2008

By: Tyler Durden While the BLS’ JOLTs report usually gets a B-grade in terms of importance due to its one-month delayed look back (we just got the  January report which is one month behind the most recent payrolls number) it serves an important function due to its breakdown of various labor components such a job openings, new hires, separations, quits and terminations, all of which make up Janet Yellen’s “labor dashboard.” In fact, according to Yellen herself, the JOLTs data is as important, if not more so, than the BLS report. Which may explain why yesterday the Fed surprised as dovishly as it did. As a reminder, the key number most look for in the monthly JOLTs report is the number of Job Openings: for January the BLS reported a print of 5,541K, which modestly beat the expected 5,500K consensus number. However, it wasn’t the January number that was the problem, but last month’s print, which was then reported at 5,607 and in the latest series was revised to 5,281, a downward revision of 326K. What will be concerning to Yellen – who certainly had these numbers in advance – is that as the chart below shows, this was the biggest downward revision to job openings in series history. Additionally if one adds the December and November revisions together, the result of -474K is the biggest two-month cut to openings...

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Under Armour CEO at SXSW: Innovation can return manufacturing jobs to U.S.

  Under Armour CEO Kevin Plank speaks on Monday during a SXSW Interactive keynote. Arnold Wells/Staff   By: Christopher Calnan AUSTIN—Under Armour Inc. CEO Kevin Plank spoke at length on Monday about the business benefits of going digital during an interview at South By Southwest Interactive. But almost as an aside, the founder of the sports apparel giant said he also wants to use innovation to bring back to the United States some of the 270,000 manufacturing jobs the company generates internationally. Plank didn’t get a chance to elaborate on his comment as it was made toward the end of his appearance, which attracted more than 3,000 spectators at the Austin Convention Center. An Under Armour spokeswoman said it is planning to open local manufacturing hubs under what it calls the Lighthouse Initiative. Planned to debut in Baltimore in 2016, the Lighthouse is a facility dedicated to advancing the way footwear and apparel is produced locally, according to the Baltimore Business Journal. The goal is to help enable Under Armour manufacture products in Baltimore for the local market. Under Armour (NYSE: UA), founded in 1996, has bought three technology companies and combined them into a Connected Fitness division that now claims 164 million digital community members. The company fitness apps are generating about 130,000 downloads per day, Plank said, and the amount of information such members provide can be very...

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A Stanford scientist shares an unconventional strategy for landing your dream job

To get a job at Google or another big-name company, show them you can do the work. By: Shana Lebowitz No one wants to be that guy — the one who applies for a job at a high-profile company and then pesters the hiring manager every day to see if their resume has been reviewed yet. But it’s so hard to sit with the anxiety and the frustration that comes with not hearing back, especially when you know you’d be an awesome fit for the role. Fortunately, there’s a better strategy for getting yourself noticed and upping your chances of landing the job. It takes equal parts gumption and effort, but if you really want the gig, then it’s probably worth it. The trick? Show the company you can do the work that would be required of you if you got the job. The technique comes from BJ Fogg, a psychologist and the director of the Persuasion Technology Lab at Stanford. In a 2013 interview with Ramit Sethi, author of “I Will Teach You to Be Rich,” Sethi shared an idea he learned from Fogg: [A] lot of people back at that time wanted to work at Google; a lot of people still do. And there was somebody in [your] lab who said like, “It’s really hard to get hired.” And you said, “Listen. Find the one person who does what you want...

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Transmosis Externship Program at California Workforce Association's "Meeting of the Minds".

Transmosis Executive Director presentation to the California Workforce Association, Anaheim, CA.
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