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Black MBA NetWire
arrows March 9, 2017
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Top News
Looking to score the big bucks? A new report finds that the best paying jobs in America are concentrated in health care, technology, and law. (Bloomberg)
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Some economists are revising up their forecasts for this week’s February employment report after payroll processor ADP announced Wednesday that businesses added a booming 298,000 jobs. ADP was expected to record 189,000 additional private-sector jobs, according to a Bloomberg survey of economists. Analysts project the Labor Department on Friday will tally 190,000 payroll gains in the public and private sectors. (USA TODAY)
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We'd all love to have a constant upward climb in pay, but it doesn't always happen. There are some times when you should hold out for a raise, but there are others when taking a pay cut makes sense. While more money seems like the best thing, it's not always feasible. Here are 10 times you should be willing to accept a pay cut. (Of course, if someone wants to offer you more money, take it!) (Inc.)
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Career
Learn the strategies these chief executives have developed through trial and error to help you go beyond the polished résumés, pre-screened references and scripted answers, to hire more creative and effective members for your team. And if you’re on the other side of the job hunt, you can gain insight on what your interviewer is really looking for in a candidate. (The New York Times)
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In a fast-paced work environment, it’s easy for gratitude to get lost in the momentum of the daily grind. . . . Not only is it an essential courtesy, but taking the time to write, say or even act out a "thank you" also has tremendous professional and psychological benefits for you and your business. (Black Enterprise)
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Wouldn't it be great if you knew exactly what a hiring manager would be asking you in your next interview? While we unfortunately can't read minds, we'll give you the next best thing: a list of the 31 most commonly asked interview questions and answers. (The Muse)
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Northwestern Mutual
Diversity in the Workplace
The Wall Street bull has company. Early on Tuesday morning, State Street Global Advisors installed a statue of a defiant girl, with hands on her hips, chin high and pony tail out, in front of the charging bull. The bronze statue, entitled "Fearless Girl," was installed a day ahead of International Women's Day. "Fearless Girl" is designed to call attention to a new initiative by the asset-manager to increase the number of women on their clients' corporate boards. (CNN Money)
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Organizations are increasingly global. To work effectively with customers, partners and employees around the world, we need to interact with and build relationships with people who may speak a different language, celebrate different holidays, or have different ideologies. To succeed in our jobs, we need to work effectively in culturally diverse environments. (The Huffington Post)
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Over years of working in government and in academia, I have been able to study the practical ways in which the most effective male leaders value, praise, and advance women every day in their professional lives. Here are the five outstanding techniques I have seen deployed. (Financial Times)
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Older job seekers don't need data to tell them that it's a rough market out there, where businesses with increasingly short-run investment horizons favor lower costs over experience. But if hard evidence can help them fight discrimination through the justice system, here’s some. A report published by the Federal Reserve Bank of San Francisco found discernible and systematic patterns of age discrimination, particularly for women. (Business Insider)
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International
A hidden bounty of benefits for Foxconn’s plant in Zhengzhou, the world’s biggest iPhone factory, is central to the production of Apple’s most profitable product. (The New York Times)
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The economic forecasts at the heart of Chancellor Philip Hammond's Budget speech are based on the assumption that annual net immigration to Britain will not drop below 100,000 once Britain leaves the European Union. (Business Insider)
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Education
American students and graduates are drowning in $1.3 trillion of student loan debt. On average, it will take a graduate from the class of 2016 more than two decades to pay off about $40,000 of loan debt. But, as outrageous as these statistics are, research shows that black students have it even worse. (Black Enterprise)
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Because MBA courses are a training ground for the next generation of corporate leaders, low levels of female participation are a cause for concern for schools and for employers. Although the proportion of women enrolled varies significantly by school and by country, with China leading the way, the global picture is not improving much. (Financial Times)
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NBMBAA
More than 300 business leaders from the Greater Philadelphia region recently gathered at the Hilton Philadelphia at Penn’s Landing for the 11th Annual PHL Diversity Business Opportunity Luncheon. PHL Diversity, a business development division of the Philadelphia Convention and Visitors Bureau, hosted the program to share information with local businesses about upcoming diverse meetings and conventions. (The Philadelphia Tribune)
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TIAA-CREF
Technology
Major technology companies including Apple, Samsung and Microsoft have moved to reassure customers they are safe after a massive Wikileaks document dump revealed devices from phones to TVs were the target of hacks by the U.S. Central Intelligence Agency (CIA). (CNBC)
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With every change in power, especially in the social media era, questions are raised about the new U.S. president’s commitment to privacy rights. Since Donald Trump took the oath of office on January 20, he’s raised plenty of concerns, with travelers having their phones searched at the border, government agencies monitoring internet communication, and the strong likelihood of potential clashes between U.S. tech companies and the European Union over privacy shield laws. (Fast Company)
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Entrepreneurship
Among financial planners, it’s an axiom that investors should never put too many assets into one basket. Diversify, they say; invest in a variety of stocks, bonds, and perhaps, some gold or real estate. Diversification provides protection—for example, if the stock market collapses, your bond holdings will hold their value. But, does the same hold true for entrepreneurs who are trying to launch and grow their business? (Black Enterprise)
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According to the National Women’s Business Council, there are 911,728 African American women-owned businesses in the United States. This reflects a tremendous 66.7% increase in number since 2002 and a 191.4% increase since 1997. (Black PRWire)
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The Economy
If there were any doubts about whether the Federal Reserve would be hiking interest rates this month, Wednesday's blockbuster jobs report almost completely removed them. A report showing that private companies added 298,000 jobs in February pushed market-implied probability of a Fed move to 92 percent, according to the CME's FedWatch tracker that measures the futures market. (CNBC)
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One of major goals of the event is to highlight the vital role women play in both the global and domestic economy. While it's too soon to know the actual economic impact of the movement, the Center for American Progress has a projection: If all paid women were to take off on March 8, it could cost the U.S. almost $21 billion in Gross Domestic Product (GDP). (Fortune)
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When one of the world's richest men provides free money tips, it's worthwhile to pay attention. Warren Buffett does so in the chairman's letter contained in Berkshire Hathaway's latest annual report, offering a strong vote of confidence for a blue-collar investment. (USA TODAY)
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Personal Finance
Yu reach a point in life where you have to change and give the topic of finances priority attention, asking yourself, "Where do I start?" Well, it’s actually easier than you think, if you keep these financial basics in mind to help build a solid future in your thirties—particularly if you’re single and have no one to help. (Black Enterprise)
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Government
Only a handful of companies offer to help their workers pay off their student loans. But a new bill in Congress aims to expand that benefit. (CNN Money)
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Lifestyle
Downtown Chicago is set to explode with construction. In the next several years, the city that gave birth to the skyscraper will have a new look. . . Sitting amidst these dreams is a small, but well-known 11-story building that’s been vacant for nearly seven years. Known to many visitors around the country as the "EBONY/Jet building," for decades, it was the corporate headquarters of the Johnson Publishing Company. In its glory days, it was the engine behind EBONY and Jet magazines that sat on millions of coffee tables in the homes of Black America. Once a proud symbol of achievement, the once Black-owned building still stands on one of the most prominent streets in America. It’s now empty and perhaps the most vulnerable building to hungry developers. (Black Press USA)
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