2/6/2024 - TL;DW But I Read
Why is it becoming so common for profit-driven companies to ask for multiple rounds of interviews for even the most basic of jobs when most of the time they are just going to ghost you anyway?
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Why "Entry" Level Jobs Now Need 3-5 Years Experience?
*Topic : Business
*Length : 11m 48s
*View : 1.1M
An entry-level job paying eight dollars an hour with no benefits at an unremarkable company… Oh, and they want you to have at least three years’ experience in a similar role and preferably a Master degree... Searching for a job is a difficult and time-consuming task. Most Americans do not have enough savings to survive for more than two weeks without going into debt which means it is also stressful.
😡 Entry-level jobs now require years of experience and advanced degrees, making it difficult for individuals to break into the job market and exacerbating the labor shortage.
💼 Companies that ask for multiple years of experience for entry-level jobs may be filtering out the best candidates and only attracting desperate ones.
📝 Applying for a job has become easier with AI, as it can write and check resumes to stand out against thousands of other applications, potentially changing the traditional job search process.
💼 Applying for a job has become harder due to the low acceptance rate, leading to the sudden requirement of three years of experience for entry-level jobs.
📚 Interactive learning platforms like Brilliant can provide a competitive edge for job seekers by offering engaging and accessible courses that enhance skills and knowledge.
📝 Rejection letters are being replaced by no response, leaving job applicants in the dark and making the hiring process even more frustrating.
💡 Changing jobs every two years can result in earning 50% more than colleagues who stay loyal to a single company, as experience at different companies is valued more by new employers.
💪 Demonstrating the ability to address an interviewer's concerns and handle challenges can be more valuable than simply having the required qualifications on a resume.
Link:
Why Are Companies Making You Do So Many Job Interviews Now?
*Topic : Business
*Length : 12m 30s
*View : 508K
Nobody likes job interviews; they waste a lot of your time, and they waste a lot of company time. Every hour you spend in an interview the company must pay the person interviewing you. So why is it becoming so common for profit-driven companies to ask for multiple rounds of interviews for even the most basic of jobs when most of the time they are just going to ghost you anyway…
💔 The increasing number of interviews is leading to worse outcomes for employers, as high-performing candidates are withdrawing from the application process due to the excessive rounds of interviews.
⏰ The time-consuming nature of the interview process can be challenging for employed individuals, as taking time off for multiple interviews may strain their relationship with their current employer.
😰 "Hiring took 6 to 9 months and people sat for 15 to 25 interviews. It was an awful experience." - The extensive interview process can be extremely stressful and time-consuming for job seekers.
💰 Even the most outstanding applicants are willing to jump through multiple rounds of interviews because they can earn seven figures a year before they are 30.
⏰ Managers believe that conducting numerous interviews will increase the chances of filtering out bad potential hires, even if it takes a long time.
💼 A controversial reason for multiple job interviews is that some companies want a reason to reject candidates, especially when it comes to hiring foreign workers.
💰 Restricted stock units (RSUs) are used by companies to force employee loyalty by making them give up 2 years worth of bonuses if they leave before the RSUs are released.
💡 The hiring process can be used as a strategy to assess if a role is truly necessary and if tasks can be delegated to existing team members.
Link:
The Average American Sees 10,000 Ads A Day!
*Topic : Business
*Length : 13m 04s
*View : 280K
The average American is exposed to ten THOUSAND ads every single day all as part of an industry that is worth nearly a TRILLION dollars run by some of the biggest companies in the world. [Google, Facebook META, Linkedin, CBS, NBC, Fox] But you probably don’t even remember the ad that played before this video, so how many more ads can companies cram in?
📺 The average American is exposed to 10,000 ads every single day, raising the question of how many more ads can companies cram in or if we are already past the point of no return.
💰 Companies are predicted to spend $1.2 trillion a year on advertising in 2027, showing that advertising is far from reaching its peak.
💰 Lifestyle brands like Nike spend billions on awareness advertising, focusing on the people who use their products rather than the product itself.
📈 Influencer advertising is a rapidly growing category, indicating a shift in the way companies are reaching their target audience.
🤑 "Advertising does more than just inform you about new products. It can suck you into accelerating a purchase decision."
📈 Brands are increasingly in an arms race to secure lifetime customers because the numbers are obvious.
💰 Anzu has raised $65 million and partnered with major companies to reach consumers through new advertising technology, expanding the reach of advertising into video games.
💸 Companies are selling us worse stuff than ever before, leading to a lifetime of harm for consumers.
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