When policymakers want to help people with low incomes get a mortgage, they typically offer some kind of subsidy or boost the flexibility of the underwriting guidelines. advertisement advertisement This week, the Federal Home Loan Bank of San Francisco will pioneer a radically different approach: It will try to turn more Americans into homeowners—not by giving them a break but, instead, by catalyzing the creation of good jobs in their communities. “What we’re doing is getting at the root cause” of why buying a house remains out of reach for many families, says Larry Parks, the senior vice president of external, legislative, and regulatory affairs at the bank, a cooperative that gives its member financial institutions inexpensive loans and risk-management tools so that they, in turn, can increase the availability of mortgages and stimulate community development. “We’re changing the thought process.” At the center of it all is a Quality … [Read more...] about How One Big Bank Is Spurring Job Growth In Underserved Communities
Michigan psychiatrist jobs
When I think about it now, I cringe. A newly minted Syracuse University graduate, wanting to prove to prospective employers how clever I was, I packaged four résumés to my the top employers on my list, each with a brand-new shoe. As my cover letter explained, I wanted to get a foot in the door. advertisement advertisement It was a tired stunt even back when you sent paper résumés to employers. And it didn’t yield the results I wanted. But, apparently, others have had better luck. In a recent survey by job search engine SimplyHired, 13% of applicants used an unusual strategy like a stunt or gimmick during the job application process—and 70% of them got the job they wanted. More than 55% said the effort was received positively. What did they do? Respondents said they: Sent a miniature Lego sculpture of himself (hired) Wore a company uniform to the interview (not hired) Created a QR code link to lessons taught and turned her résumé into … [Read more...] about Should you try a wacky job application strategy?
You might think of it as the Mark Zuckerberg Full Employment Act. advertisement advertisement When the Facebook founder and CEO let it be known recently that the social network was doubling the number of people working on digital security and content review to 20,000, it was easy to interpret the move as a singular act of damage control by a company in deep trouble. But the way Accenture’s Paul Daugherty and Jim Wilson look at it, Facebook’s hiring spree is reflective of a much bigger trend unfolding across the economy: a boom in jobs meant to ensure that systems of artificial intelligence are in step with legal and regulatory obligations, ethical responsibilities, and community standards. “Facebook is a good example of a company where its technical capabilities got out of ahead of its ethical capabilities,” says Wilson, Accenture’s managing director of information technology and business research and co-author with Daugherty of the new book … [Read more...] about How AI Anxiety Is Creating More Jobs For Humans
It’s been called the “electronic sweatshop” and its employees “digital slaves.” It’s the call center, and if you’ve ever been on the other end of a (scripted) call from a telesalesperson or a customer service associate, you’ve glimpsed how soul-sucking such rote work can be. advertisement advertisement On their end: hours of sitting shoulder-to-shoulder in a cubicle farm, chatting with customers who range from clueless to chafed to irate, all for a paycheck that barely peeps over minimum wage (if they’re fortunate enough not to have their pay based on commission). Pile on the presence of pushy supervisors and the lack of upward mobility, and it’s no wonder turnover at call centers is about 33% and can go as high as 70% at those with staff exceeding 1,000 agents. It’s workplaces such as this that present the ultimate challenge for companies like Tenacity. Tenacity is a spin-out from Alex Pentland’s … [Read more...] about The Company That’s Figured Out How To Help Call Center Employees Not Hate Their Jobs
The industrial production contracted for the second consecutive month, shrinking by 4.3 percent in September with weakness across sectors. In fact, it hit the lowest level of almost eight years.It was much weaker than a poll of analysts conducted by CNBC-TV18 which was pegged at negative 1.9 percent and contraction of 1.4 percent in August.The growth in the mining segment fell to a multi-year low of (-8.5 percent against 0.1 percent MoM). In sync with the slowdown in the economy, manufacturing IIP also contracted by (-3.9 percent against -1.2 percent MoM) led by large sectors.Close From the use-based classification side, capital goods, consumer durables, infrastructure and construction goods, and primary goods led the slowdown, contracting by -20.7 percent (against -21 percent MoM), -9.9 percent (against -9.1 percent MoM), -6.4 percent, and -5.1 percent (against 1.1 percent MoM), respectively. related news With infra in focus, this smallcap stock could double your investment … [Read more...] about Another 50bps repo rate cut likely by March 2020