News & Advice

The Big Employer Adding Jobs...

Sep 19, 2023

In 2023, the public sector in the United States has experienced a notable increase in employment, with federal, state, and local governments collectively adding 327,000 jobs in the first eight months of the year. This surge in public-sector employment accounts for nearly one-fifth of all new jobs created in the country during this period, a substantial shift compared to the previous year when the public sector contributed only 5% to...

U.S. economy added 187,000 jobs in August, more than was expected

Sep 11, 2023

In August, the U.S. job market exceeded expectations by adding 187,000 jobs, indicating resilience amid pressure from Federal Reserve interest rate hikes. However, the unemployment rate rose to 3.8%, the highest since February 2022, while the labor force participation rate increased to 62.8%, the highest since February 2020, before the COVID-19 pandemic. Average hourly earnings increased by 0.2% for the month and 4.3% year-on-year, slightly...

Most financial execs would quit if directed to return to office full-time

Aug 10, 2023

Executives at major financial institutions are willing to quit if forced to return to the office full-time, according to a Deloitte report. The survey of 700 US financial executives in April 2023 revealed that 66% of those who worked remotely part-time would resign if required to be in the office every day. Around 62% preferred remote work but feared it could harm their careers, while over half believed they missed networking opportunities....

AI Changing Talent Search

Aug 09, 2023

Generative artificial intelligence (AI) is not only changing the landscape for marketers but is also poised to reshape the role of recruiters. While this technology can enhance the efficiency of job searches by targeting suitable candidates, it also brings challenges, such as the increasing use of AI-generated resumes. Recruiters have been using machine-learning AI for years, but the introduction of generative AI is expected to revolutionize...

Wild Stories from Headhunters: Job Seeker and Company Tales

Aug 09, 2023

Recruitment processes often unearth unique and unexpected experiences, revealing the diverse array of behaviors and situations candidates can find themselves in. From fabricated excuses to unconventional interview attire and even phone calls taken from unlikely places, the world of recruitment is not short on intriguing anecdotes. Here are three stories shared by recruiters, shedding light on the peculiar encounters they've had while working...

July Jobs Report: Payrolls Up by 187K, Below Expectations

Aug 09, 2023

In July, payrolls in the U.S. increased by 187K jobs, slightly below the expected 200,000 estimated by Dow Jones. However, this still represented a modest gain compared to the revised 185,000 jobs added in June. The unemployment rate for July was 3.5%, lower than the anticipated 3.6%. Average hourly earnings increased by 0.4% for the month, contributing to a 4.4% annual increase, surpassing expectations. The leading sectors for job...

Goldman's Overhaul Jeopardized by Talent Exodus

Jul 28, 2023

A talent exodus from Goldman Sachs' asset-management division is posing a threat to CEO David Solomon's strategy for the firm. Key executives, including Julian Salisbury and Takashi Murata, are expected to leave, adding to the six out of eleven partners who have already departed following organizational changes. Solomon's plan to overhaul the company and focus on asset management as a revenue source faces challenges due to these departures,...

Tech Giants Lead Stock Market, Ending the Week with Gains

Jul 28, 2023

U.S. stock indexes closed higher, driven by strong performances in the technology sector and positive earnings reports. Tech giants like Alphabet and Meta Platforms saw significant gains, while Intel's return to profit boosted chip stocks. Electric vehicle (EV) companies, including Tesla, also experienced rises, but Ford's stock declined. Chevron and Exxon Mobil's stocks slid after reporting lower quarterly profits compared to the previous...

Top 50 Fintech Companies Hiring

Jul 28, 2023

The thriving fintech industry offers remote and on-site job opportunities with top companies seeking skilled professionals. Check out the list of 50 leading fintech firms currently hiring for various roles, providing a promising career path in this dynamic and innovative sector.

Headspace Raises $105M for Mental Health Service Expansion

Jul 27, 2023

Digital mental health company Headspace secured $105 million in debt financing from Oxford Finance to expand its business with employers and health plans. The funding will fuel the growth of their mental health platform and possible mergers and acquisitions. Despite recent layoffs, Headspace aims to reach profitability by focusing on commercial business, particularly their EAP offering and partnerships with health plans. The company's unified...

Agency M&A Declines 24% in H1 2023: OPTIS

Jul 26, 2023

In the first half of the year, agency mergers and acquisitions in the financial industry decreased by 24% to 359 deals due to higher capital costs. Private equity-backed brokers led the buying activity, and property-and-casualty insurance agencies were the most common sellers. Some firms increased their deal activity, and there are opportunities for stronger firms with stable balance sheets amid rising interest rates.

Ex-Morgan Stanley Tech Head's 2023 Fintech Hiring Spree

Jul 25, 2023

In early 2023, Rob Rooney, former global head of technology at Morgan Stanley, became CEO of digital wallet fintech HyperJar. He quickly hired new executives, including COO Louise Chan from Ebury and CPO Joe Tarragano from Evri. Their appointments highlight HyperJar's focus on technology and expanding its digital wallet services.

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