Good entrepreneurs thrive amid uncertainty, and economic downturns are no exception. Some of the world’s most disruptive brands were founded during the GFC of 2009, including Uber, Airbnb, Dropbox and Slack. The current COVID-19 crisis presents another unique opportunity to create new innovations, creatively solve problems and fix issues.
There are three reasons why this new wave of entrepreneurship is set to happen. READ MORE AT DYNAMIC BUSINESS
If you have been thinking about starting your own business to run from home, you might not have guessed that a worldwide pandemic was the push that you needed to get started. But if you are currently furloughed because of the Covid-19 crisis and have a lot more time on your hands than usual, it could be the perfect opportunity to turn your business idea into a reality. READ MORE AT SHOUT OUT UK
The words you use to describe your experience and interests during a job search can open doors and close them within minutes.
Just think about this – you have a little over 7 seconds for your resume to grab attention from recruiters, the amount of time used to make a quick decision when reviewing your resume. READ MORE AT CHRON
As the youngest-ever female trader at the New York Stock Exchange, Lauren Simmons knows all about the importance of diversity and inclusion in finance.
When looking at the financial services field today, data shows that women and men make up equal parts of the entry-level workforce. But, as you move higher up the ranks, large gaps exists with women making up just 19% of C-suite positions. READ MORE AT CNBC
This year alone, major tech conferences like the Mobile World Congress, Facebook and Google developer meetings, the Code conference and the National Association of Broadcasters meetings were either postponed or canceled. Apple’s Worldwide Developer Conference, which normally meets in the first week of June, shifted to a digital-only format and will be seen online on June 22.
With employees working at home and the need to find a new job, get ahead in the old one and just stay in touch and top of mind with contacts still there, what are people to do?
We have some ideas for you. READ MORE AT USA TODAY
While it’s normal to feel discouraged about your chances of employment at this time, there are steps you can take to boost your chances of landing a job — specifically, Lean on your network
Networking has always been an invaluable part of the job search process, and that’s especially true in today’s competitive climate. According to career coach Cynthia Orduña, more than 80% of new hires come from referrals. READ MORE AT LENDINGTREE
84% of recruiters are in the process of adapting their hiring processes to facilitate remote exchanges. Of these, 58% are now using social media networks like LinkedIn, Facebook and even Instagram to connect with potential hires.
A growing army of recruiters are also turning to videoconferencing to screen and interview candidates, as well as AI and text messaging to connect with candidates. READ MORE AT CNBC
Since April reports from the U.S. Bureau of Labor show Latinos have a jobless rate of 18.9 percent.
Local agencies say the majority of those without work is part of industries where Hispanics are heavily represented.
“Most of the jobs significantly impacted by the virus are the world of retail, dining, and hotels," READ MORE AT SPECTRUM NEWS
The pandemic has had a disproportionate impact on the education plans of people of color, with half of Latinos and about 40 percent of black and Asian Americans canceling or otherwise changing their plans.
That's the top-line finding from the latest Public Viewpoint survey from the Strada Education Network. Over all, 35 percent of Americans have canceled or changed their education plans, including delaying enrollment, reducing courses or switching institutions. READ MORE AT INSIDE HIGHER ED
If you’re one of the almost 40 million Americans who has lost a job in the months since the COVID-19 pandemic became a national crisis, you may now be facing a postmodern job search — one where you have to figure out how to virtually replicate a confident handshake during your remote interview. READ MORE AT REFINERY 29
Whether you’re a recent graduate looking for your first job out of college, or a current student hoping to land the perfect internship, finding employment in the middle of the COVID-19 pandemic is challenging to say the least. With many companies putting hiring on hold, it is now more important than ever to stand out amongst a stack of resumes.
Below are some ways you can be proactive when it comes to finding a job. READ MORE AT UNIVERSITY OF SOUTH CAROLINA
From understanding grants to communicating with employees, it can be beneficial to have someone like-minded to bounce ideas off.
Here are a few ways you can embrace the new normal of virtual networking and expand your professional network without leaving home. READ MORE AT THE BIZ WOMEN
Unemployment rates for women of color exceed that of white women. Hispanic women had the highest rate of unemployment (20.2 percent) from mid-March to mid-April, an increase of more than 300 percent since February. READ MORE AT BECKER'S HOSPITAL REVIEW
If you cannot learn to make money while you sleep, you will work for the rest of your life. The problem is that during the crisis a lot of people are out of work. You do not want your job to be your only source of income. READ MORE AT FORBES
Pilsen-based nonprofit, Economic Strategies Development Corporation (ESDC) known for small business development, continues to partner with companies and community organizations to distribute prepackaged fresh produce and non-perishable goods to hundreds of families in Chicago and other neighborhoods through its Emergency Free Food Distribution Drive program.
With a disproportionate impact of COVID-19 in communities of color, loss of income, and demand from food banks and pantries, now is the time to make a difference. By corporations and individuals contributing money or goods to this drive, each generous donation helps ESDC continue working with local distributors to secure and give away large amounts of produce and food below retail cost.
How to help:
Volunteers filling bags: Friday, June 12 from Noon to 3 p.m.
Radius Chicago - 2120 S. Jefferson St, Chicago, IL 60616
Distribution: Saturday, June 13, 2020 - 10 a.m. until all food runs out
Discount Mall Parking Lot - 3115 W. 26th St., Chicago, IL 60623
Drive-thru event. Volunteers to unload and place into individual cars as they pull up to the Discount Mall parking lot.
There’s no way around it: The job market is undeniably bleak right now. Despite the grim circumstances, many of the tried-and-true job search methods are still useful. Begin the process of finding a new job with these six tips. READ MORE AT FAST COMPANY
Many essential workers have had no choice but to continue working despite new rules and settings during the novel coronavirus pandemic.
Those who normally work in office settings, however, have been wondering when and how they'll be able to go back to work since March — and what kinds of new safety guidelines they may be subject to when they finally do.
The full set of CDC guidelines for offices can be found here, but it's up to employers to perfectly adapt them in their own spaces. READ MORE AT GOOD HOUSEKEEPING
Even as 20.5 million people lost their jobs in April, the S&P 500 stock index logged its best month in 33 years. After a few weeks of wild swings, the market is down a mere 9.3 percent this year and 13.5 percent from its peak — what most investors would consider a correction.
On Friday, after the government released the staggering unemployment figures, the S&P 500 closed up 1.7 percent. READ MORE AT THE NEW YORK TIMES
Finding a new job in the field you’ve worked in for years can be a challenge. Switching to a new career track can be plenty daunting, but there’s hope so long as you properly prepare to impress potential employers.
If you’re thinking of entering a new field, here’s what you should do. READ MORE AT INVERSE
In a difficult job market, you may find yourself needing to consider job openings that wouldn’t be on your radar during normal times.
If you are looking for a job right now, it may be worth considering how your current experience can be applied in a different industry. Though not easy to do, changing industries (even if temporarily) will expand your options and make your skills more marketable in the long run. READ MORE AT FORBES
