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Managers are hiring people based on whether or not they like them personally and it could lead to some big problems at work

Good morning! Hiring managers are supposed to select the perfect candidate based on any number of criteria, from skills matching to leadership potential. But new data shows just how much an applicant’s personal rapport with their interviewer matters.    Candidates who receive job offers are 12 times more likely to be described as having a “great … Read more

There are 2 types of managers suffering the most right now and it could spell disaster for the workplace

It’s no secret that managers are not doing well. They’re toiling under heavier workloads, burned-out from spending their days putting out fires, and the very existence of their roles is under renewed scrutiny. But some groups of bosses are suffering more than others.  Manager engagement in general fell from 30% to 27%, according to a … Read more

US dollar’s haven status under threat, fund managers warn

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US dollar’s status as a haven for global capital could come under threat from erratic policymaking and rising trade barriers, fund managers have warned. On Friday the currency fell to a three-year low against … Read more

Job applicants are using deepfake AI to trick recruiters—Here’s how hiring managers can spot the next imposter

Vijay Balasubramaniyan knew there was a problem.  The CEO of Pindrop, a 300-person information security company, says his hiring team came to him with a strange dilemma: they were hearing weird noises and tonal abnormalities while conducting remote interviews with job candidates.  Balasubramaniyan immediately thought the issue might be interviewees using deepfake AI technology to … Read more

Walmart CEO says paying its star managers upwards of $620,000 yearly empowers them to ‘feel like owners’

For many employees, it can be hard to feel connected to their company, especially at huge corporations like Walmart. But in 2024, U.S. CEO John Furner pulled out the big guns to ensure star managers feel the love—by paying them upwards of $620,000 per year.  “What we did last year was make managers feel like … Read more

Overwhelmed managers are spending their days putting out fires instead of planning for the future

It’s hard to be a manager right now. The middle rung of the corporate ladder is getting blamed for organizational inefficiency, swept up in layoffs, and is at risk for burnout.  A new report sheds some light on just how stretched this cohort really is, and the mismatch between what they believe to be their … Read more

Growth expectations have plummeted as global fund managers pour out of U.S. equities and pile in to cash like Warren Buffett 

Money managers’ optimism has faded fast in the early days of Trump 2.0. Bank of America’s monthly global fund manager survey revealed sentiment nosedived in March, resulting in the second-worst plunge in global growth expectations and biggest drop in U.S. equity allocation since BofA began conducting the survey in 1994.  Respondents signaled their selling spree … Read more

Managers are puzzled by Gen Zers as giving feedback becomes a lost art in the era of the ‘coddled mind’

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