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HP to Slash up to 9,000 Jobs + How to Make Yourself Employable

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Computer giant HP says it will cut up to 9,000 jobs, or 16% of its workforce, through firings and voluntary early retirement amid difficulty with its printing business. The California-based company said the layoffs are part of a restructuring plan that will save the company $1 billion by the end of 2022. The move, which is meant “to cut costs and boost sales growth,” said Bloomberg, comes as the company’s CEO of four years is stepping down. Dion Weisler will be replaced by HP executive Enrique Lores.

What if your job is making cuts? How do you become more employable? According to The Wall Street Journal, employers are becoming less picky, dropping skill and degree requirements to attract a larger pool of job candidates — especially in cities with the lowest levels of unemployment, such as Dallas or Louisville. The report states that an extra 1 million jobs were opened up to candidates last year with “no experience necessary.” But how do you go about getting yourself ready and employable in order to make the power switch? The following are five tips:

1. Be Proactive

Instead of waiting around to see who is hiring or simply just looking at job boards, look around, and make inquiries. What kind of job are you looking for? What environment are you interested in working in? Are there competitors to your current employer? Do you have an ideal place you want to work? All of these questions will allow you to determine who you should be reaching out to and how you should approach it. Being proactive can help show employers that you are the kind of person that takes the initiative.

2. Use Social Media

In today’s day and age, there isn’t a potential employer who will not search for you on social media when the time comes. Because of this, it is important that you start to build a strong profile online. Doing this can increase your chances of making that employment power switch and land the job of your dreams. LinkedIn is your best friend professionally, so make sure your profile is up-to-date. Many recruitment agencies use LinkedIn as a prospecting tool, so this may also help increase your visibility.

3. Have Unwavering Belief in Your Abilities

Right now, as we speak, there is someone living out their best life because they just believed in themselves, and conversely, there are people who have the skills and ability, but because of their lack of belief in themselves, they are not living up to their full potential. Be the former! Stop allowing yourself to be your biggest obstacle. Have an unwavering belief in your abilities, and even if a job says no, understand that it is their loss, not yours. Any employer would be privileged to have you on their team. Know that and believe in that fact as you step out to find your perfect employer match.

4. Keep Learn New Things

Never become so complacent with where you are right now that you don’t do what you need to do to maintain or increase your value in the marketplace. Even if you have been working in the same job or field for a few years, make sure you are engaging yourself in self-development on a regular basis. This may include developing in areas that have nothing to do with your current position but understand that the more you know, the more opportunities you allow to open up for you. There are many online courses that you can take or even certificate programs that can significantly increase your value.

5. Shake Hands & Kiss Babies

Lastly, make sure you become a master networker. The saying that “It’s not what you know, but who you know” is so accurate. The only twist to that is, “Who you know will get you in the door, but what you know will keep you there.” Your network is your net-worth. Make sure you are networking in the industry or profession that you are interested in. You will realize how small the world is and may be able to connect with the hiring manager directly, or even make such a good impression that the opportunities start pouring in re-actively. Either way, your ability to make a good impression and be around the right people may help you land your dream job.

Ash Exantus aka Ash Cash is one of the nation’s top personal finance experts. Dubbed as the Financial Motivator, he uses a culturally responsive approach in teaching financial literacy. He is the Head of Financial Education at BankMobile and Editor-in-Chief at Paradigm Money. The views and opinions expressed are those of Ash Cash and not the views of BankMobile and/or its affiliates.

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Walmart’s Creates Weapon Against Amazon + How You Can Use the Same Weapon to Automate Your Finances

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Walmart unleashed its latest weapon in the fight against Amazon: the Alphabot. It’s an automated warehouse to help speed up its grocery pickup service. Analysts are calling it “the most promising technology to hit food retail in years.” This Alphabot will revolutionalize Walmart’s business, but how can we use bots for personal finance? Enter in Artificial Intelligence, aka AI!

In finance, AI has already been transforming the industry. Banks are already using AI in FinTech to automate many processes, help with fraud prevention, as well as thwarting potential hackers from stealing sensitive information. When it comes to you and me, AI can really help us manage our money better. The sad truth is that many of us are living paycheck-to-paycheck, so a new way to stop the cycle is dire to our financial health and well being.

AI is so advanced that it can use predictive technology to analyze how we spend money and give us advice based on our habits in order for us to live more fruitful. AI can also identify potential savings opportunities if used right. I know many of us get spooked every time our favorite shopping place follows us around the internet serving us ads, but this, in a way, is a form of AI. Based on your shopping data, advertisers and retailers know what you are looking for and how to get it to you. With the right app or program, there may be a way to serve you up only the items you need and at the best price. AI can also stop you from impulse shopping by advising you on your purchases based on the goals that you put in. The options are limitless.

While the thought of computers telling us what to do can be scary; understanding how AI can make our lives easier is important. I’m not ready to give up everything over to the bots, but some things I can wait to hand over. Only time will tell how this plays out, but just know that your financial struggles may be over soon thanks to AI.

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Ditching the Commute: 7 Fast-Growing Career Categories for Remote Jobs

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Going into work is not a popular thing to do anymore. Across the total U.S. workforce, remote work has grown 91% in the last 10 years, according to an analysis by FlexJobs and Global Workplace Analytics (GWA). While remote work exists across most career fields, it is growing more quickly in some fields than in others. With that in mind, FlexJobs analyzed over 50 career categories in its database, comparing the number of remote jobs posted on January 1, 2019, to the number of remote jobs posted on December 1, 2019, to determine which seven remote career categories have grown at a high rate during 2019, indicating they will be promising fields for remote job seekers in 2020.

“There is far more variety and depth in the types of career fields that allow people to work from home than most people realize, but this list represents the fields that have experienced particularly high growth during 2019,” said Sara Sutton, founder, and CEO of FlexJobs. “While a number of factors contribute to growth, all of these fields are highly compatible with remote work, so it may be that companies are using remote work as a strategy to attract candidates in a tight job market,” Sutton concluded.

The seven categories below have seen remote work job listings grow more than 40% when comparing the number of jobs posted on January 1, 2019, to December 1, 2019. A “remote job” is defined as a professional-level job that allows the worker to work from home either entirely or part of the time. Remote jobs are also known as telecommuting jobs, virtual jobs, and work-from-home jobs.

These are in order from highest to lowest growth, with each category having grown more than 40%.

1. Art & Creative: Creative careers often allow its professionals an exceptional amount of flexibility in their jobs. These jobs usually involve coming up with original and innovative ideas, both for aesthetic and practical value. Some artists work freelance while others work as part of a company’s or educational staff. Some of the common remote job titles within this career are Art Director, Illustrator, Commercial Artist, Website Designer, Conceptual Designer, Interior Decorator, Textile Designer, Painter, Photographer, and Musician.

2. Bookkeeping: Remote work opportunities for bookkeepers come from a variety of industries such as nonprofit, sales, small business, art and creative, client services, and of course, accounting and finance. An aptitude for organized and detailed work, and math and computer skills are essential for bookkeepers. Common job titles associated with this remote career category include Accounting Clerk, Sales Manager, Bookkeeper, Operations Manager, Office Assistant, and Accountant.

3. Internet & Ecommerce: The Internet and Ecommerce have made it possible for thousands of professionals to enjoy the freedom and flexibility of working from home. There are many jobs relating to the Internet that involve working with information technology, web development, and design, and social networking tools. This category also encompasses SEO, SEM, and social media jobs. Common remote job titles include Operations Manager, Search Marketing Specialist, Paid Media Manager, SEO Consultant, and Social Media Specialist.

4. K-12: Teachers and educators most often manage live classrooms in elementary, middle or high schools but in this information age, many are providing their teaching services online. There are many accredited virtual learning platforms such as elementary, middle and high school programs that are fully online now so that has opened up the door for more remote jobs for qualified teachers. There are also many parents who choose to home-school their children and receive support from K-12 teachers. Common remote job titles include Virtual Teacher, Tutor, Online Instructor, Curriculum Developer, and Speech Language Pathologist.

5. Graphic Design: Graphic designers produce visual solutions to the communications needs of their clients through a variety of creative skills and commercial awareness. They are creative people who have a flair for what is appealing to consumers, are aware of upcoming trends and can convert their ideas into visually pleasing images. There are many avenues for graphic designers to work virtually in marketing, technology, and commercial industries. Related remote job titles include Commercial Artist, Illustrator, Designer, Conceptual Professional, Art Director, Layout Manager, and Creative Director.

6. Translation: Translation careers are an exciting option in remote work. As business is becoming more global, the demand for professionals who can work as translators to bridge the communication gap between cultures and businesses is immense. This is especially important for companies that operate internationally or have operations in other countries where associates must live and work. Some of the job titles available for remote work in this category include Website Tester, Training Specialist, Language Tutor, Business Translator, Document Proofreader, Meeting Facilitator, Advertising Quality Rater, and Bilingual Writer.

7. Math & Economics: Math & Economics jobs exist in a number of industries, including education, accounting and finance, nonprofit organizations, government, banking, information technology, and publishing. Common remote job titles in this career field include Financial Services Representative, Operations Specialist, Mathematics Translator, Instructional Designer, Economist, and Statistician. 

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Credit Union Loans Getting Riskier + How-To Not Get Risky with Your Student Loans

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Credit unions have increasingly taken on high-risk loans, which could lead to borrowers or taxpayers getting burned in the event of another financial crisis, reports The Wall Street Journal. The member-owned alternatives to banks are designed to provide lower borrowing costs and higher deposit rates. Yet, credit unions’ assets have grown almost twice as fast as those of banks over the past ten years. High-risk loans from banks contributed significantly to the 2008 financial crisis. This is dangerous because unlike a traditional bank Credit Unions are owned by its members so it is the members who stand to lose the most. But how can you make your Credit Union loans less risky? This is the same question we ask when it’s time to pay off our student loans. Who will be the first? Or How can you pay off your loans faster? Here are six ways:

1. Develop a plan

Develop a plan to pay off your student loan debt before you graduate.

2. Save your money

Each summer throughout your college education, get a job or internship. Save half the money in a high-interest savings account. After a few months, consult a financial advisor to earn the highest possible return on your money. After college, you can use the money saved during all four years to pay down your college debt.

3. Consolidate your loans (But use caution)

Consolidating student loans combines your loans into one payment but may or may not provide you with a lower interest rate. Do extensive research before consolidating your student loans. In addition, you may not be eligible for various student loan forgiveness programs if you consolidate your student loans.

4. Exchange work to reduce debt

Perform volunteer work or work for the following in exchange for reducing student loan debt: teaching in certain locations with low-income students or areas with a shortage of teachers, providing legal and medical services in low-income areas or working for Americorps or the Peace Corps.

5. Get a work-study job

To help pay for the costs of college get a work-study job on campus to help defray the cost of college. Go to your campus employee office to ask about their work-study program. Work-study jobs pay at least the minimum wage for that state.

6. Apply for grants + scholarships

Apply for as many grants and scholarships as possible. Unlike loans, grants and scholarships never have to be paid back. Some grant websites are Zinch.com, Fastweb.com, ScholarshipPoints.com, Cappex.com, and Scholarships.com.

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