Labor force continues to shrink as job creation weakens

Labor force continues to shrink as job creation weakensLabor force continues to shrink as job creation weakensLabor force continues to shrink as job creation weakensOnFriday, June 3, theBureau of Labor Statisticsreleased its monthly employment situation report for May, which is a widely used indicator for the health of the labor market. The May report continued to disappoint expectations, despite an increase in overall jobs for the month and a lower unemployment rate.Key Take-AwaysU.S. adds a mere 38,000 new jobs as companies continued to scale back hiring in May and dealt with an Information sector strike the smallest increase since just last monthThe unemployment rate decreased to 4.7% as more people dropped out of the labor forceThe labor force participation rate fell for the second month in a row to 62.6%The size of the labor force has increased by about half a million in the past five months1st-quarter GDP raised a dismal 0.8% the slowest pace in two years as business slashed investmentWant to know more about the top trends in the job market? Check out the US Labor Market Update from Intelligence.

Why you should reinforce values instead of rules

Why you should reinforce values instead of rulesWhy you should reinforce values instead of rulesAs a company, we have always aspired to not have a lot of rules. Instead, we prefer to focus on and reinforce our companys core values. We believe they are key directional markers that can help team members make more thoughtful, sound decisions.Recently, while reading Adam Grants book Originals, I learned about a study done by two sociologists who studied non-Jews who risked their lives to save Jews during the Holocaust (rescuers) with a group of neighbors who lived in the same town but who did nothing (non-rescuers).The study revealed that what ultimately differentiated the rescuers from the non-rescuers welches how their parents disciplined bad behavior and praised good behavior.When the rescuers were asked to recall their childhoods and the discipline they received, researchers discovered that the word they most used was explained. The focus of their parents was on the Why behind their disciplinary action and the berzeugtheit von sich selbst lesson or value to be learned, rather than on the discipline itself.This practice conveyed the values their parents wanted to share while also encouraging critical thinking and reasoning. Grant notes that by explaining moral principles, the parents of those in the rescuer group had instilled in their children the importance of complying voluntarily with rules that align with important values and to question rules that dont.The rescuers were almost three times more likely to reference moral values that applied to all people, emphasizing that their parents taught them to respect all human beings.Another key to creating these moral voreingestellts that researchers found is praising behavior or character over the action itself. For example, in one study, children who were asked to be helpers instead of to help were more likely to clean up toys when asked. Similarly, adults who were asked Please dont be a cheater cheated 50 percent less than those that were asked Please dont cheat.The same researcher suggests that we replace Dont Drink and Drive with Dont Be a Drunk Driver.It turns out that values are far more effective than rules at eliciting the outcomes and behaviors that we want. In either a family or an organization, it is virtually impossible to cover all possible rules or monitor the adherence to them. Doing so would create a lengthy process manual or a draconian set of guidelines.Ive observed that highly successful families, organizations and companies select and focus on a few values that are most important to them. These arent token values that sit on the wall. They explain the Why behind those values to their group and regularly reinforce them, both in terms of accountability for not meeting the standard as well as celebrating decisions that are made which support those values.These values can cover hundreds, if not thousands, of situations, far more than any set of rules could. Most importantly, p eople are encouraged to openly question decisions or actions that are incongruous with the values. Enforcement is not top down its made by all the members of the group.The individuals who acted bravely to save would-be victims of the Holocaust were never explicitly told to do that. It was following the values that were instilled and strengthened throughout their lives that brought them to a logical, courageous decision.Robert Glazer is the founder and CEO of Acceleration Partners and the author of the international bestselling book Performance Partnerships. Join 35,000 global leaders who follow his inspirational weekly Friday Forward or invite him to speak.This article first appeared on Quora.

Top 7 Big Data Jobs

Top 7 Big Data JobsTop 7 Big Data JobsOrganizations in most sectors of the economy have begun to collect, organize, store, and vokalist massive amounts of data related to their operations. In a recent survey by NewVantage Partners, 91.6% of the executives queried said that they were increasing their investments in Big Data. 91.7% of unterstellung respondents said they felt their investments were necessary to transform their operations into more agile and competitive businesses. This is great news for job candidates who are seeking employment within one of the top big data job fields. Where the Big Data Jobs Are Due to the rapid expansion of big data applications, demand for workers has increased dramatically in recent years. LinkedIn reports a significant shortage of data science workers nationally and in major cities in their 2018 Workforce Report Nationally, we have a shortage of 151,717 people with data science skills, with particularly acute shortages inNew York City (34,032 people), theSan Francisco Bay Area(31,798 people), and Los Angeles(12,251 people). Top 7 Big Data Jobs 1. Data Scientist According to PayScale, there are plentiful opportunities for talented information technology (IT) data scientists capable of mining and interpreting complex data for large corporations. Partnering with cross-functional IT teams, they compile and create various models of statistical data to inform their development of systems-related recommendations and action plans. Preferred Qualifications - IT data scientists should have advanced knowledge of different data mining techniques such as clustering, regression analysis, decision trees, and untersttzungsangebot vector machines. An advanced degree (such as a Masters or Ph.D.) in computer science is usually required for this kind of position, in addition to previous years of work experience in a related field. Salary Cited by Glassdoor as 1 in their 50 Best Jobs in America 2019 list, data scientists can demand an av erage salary of $108,000. An overall job satisfaction score of 4.3/5 was a key factor in this top rating. 2. Data Engineer Data engineers, as PayScale points out, utilize their computer science and engineering strengths to aggregate, analyze, and manipulate massive data sets. Common tasks include creating and translating computer algorithms into prototype code, developing technical processes to improve data accessibility, and designing reports, dashboards, and tools for end-users. Preferred Qualifications Employers typically require that job candidates for data engineering positions have successfully completed a college degree in computer science, engineering, or a related field. They also prefer applicants who have three to five years experience in the field. Desired technical proficiencies include Linux systems knowledge, proficiency in SQL database design, and a solid command of coding languages such as Java, Python, Kafka, Hive, or Storm. Soft skills include excellent written a nd verbal communication capabilities as well as the ability to work both independently and on teams. Salary Glassdoors 50 Best Jobs in America 2019 ranked data engineers in 8th position with an average salary of $106,000 and job satisfaction score of 3.9/5. 3. Data Analyst PayScale describes how data analysts gather actionable information about various topics by designing and implementing large-scale surveys. Its their job to recruit survey participants, compile and interpret submitted data, and relay their findings in traditional charts and reports as well as digital formats. Preferred Qualifications - Individuals looking for data analyst jobs must be knowledgeable in computer programs such as Microsoft Excel, Microsoft Access, SharePoint, and SQL databases. Data analysts also need good communication and presentation skills, with the ability to effectively translate often-complicated information to company stakeholders. Salary Data Analysts, ranked 31st on 50 Best Jobs in America 2 019, take home an average salary of $60,000, and have a job satisfaction score of 3.9/5. 4. Security Engineer Security engineers play a vital role in IT disaster planning, aversion, and mitigation. They lessen corporate risk exposure by setting up computer firewalls, detecting and responding to intrusions, and forensically pinpointing systems security issues. They also create and implement test plans for new or updated software and hardware and establish multi-layered defense protocols for computer networks. (Source PayScale). Preferred Qualifications - A bachelors degree in engineering, computer science, or a related field is needed for this position, along with several years of relevant work experience and, ideally, industry security certifications. In addition to their technical understanding of computer languages and operating systems, security engineers should also possess solid problem-solving and mathematical abilities and the capacity to work independently. Salary Security engineers ranked 17th on 50 Best Jobs in America 2019, with an average salary of $102,000 and a job satisfaction score of 3.8/5. 5. Database Manager Database managers, trained and highly skilled in project management and multitasking, perform diagnostics and repair of sophisticated databases. They also review business requests for data and data usage, evaluate data sources to improve data feeds and help to design and install storage hardware. (Source PayScale) Preferred Qualifications Job advertisements for database managers generally list a bachelors degree in information technology and a minimum of five years in a database leadership position as preferred qualifications. Job candidates for database management roles should also be well-versed in different database software such as MySQL and Oracle. Salary Database managers earned an average of $73,545 according to Glassdoor. 6. Data Architect Data architects use their knowledge of data-oriented computer languages to organize and m aintain data in relational databases and corporate repositories, developing data architecture strategies for each subject area of the enterprise data model. (Source PayScale) Preferred Qualifications Common job skills and keyword attributes that employers seek in data architects include advanced technical proficiency (particularly in languages like SQL and XML), excellent analytical acumen, creative visualization, and problem-solving skills, and strong detail orientation. Most data architects have earned at least a bachelors degree (and, often, an advanced degree) in a computer science-related field. Salary Data architects earned some of the highest salaries in the big data sector, an average of $113,078 according to PayScale. 7. Technical Recruiter Technical recruiters specialize in sourcing and screening talented big data, IT, and other technical professionals for candidate pools. They work closely with corporations to assess their hiring needs, and then search the market for the strongest candidates for specific job openings. They also support the professional candidates they recruit throughout the job application, interviewing, hiring, and onboarding processes. (Source PayScale). Preferred Qualifications - Technical recruiters need to have advanced knowledge of the technical qualifications that employers seek in their prospective personnel. Good people skills are also essential, since successful technical recruiters need to build a positive rapport with job candidates during the screening and interviewing stages. Salary Glassdoor ranked technical recruiters as 28 on their List of the 50 Best Jobs in America, with a job satisfaction score of 4.1/5 and an average salary of $48,000.