The president wants to raise the overtime threshold for workers to $50,000 a year, up from the current $23,660.
Responding to salary questions the right way will maximize your offer and keep you in the running.+ READ ARTICLE
Answering “What are you looking for in terms of salary?” is a tricky question to answer, especially early on in the interview process. Dodging the question by asking “I’d actually like to talk a little more about the job responsibilities” is a good way to deflect. Try to prepare yourself by using tools like PayScale and Glassdoor to find out what other people earn for similar jobs at the company. It’s important to remember there’s more to your income than your salary; you can feel comfortable including your benefits, 401(k) matching, and bonuses when talking about your current compensation.
He held his post at Yahoo for a little over a year
Alex Stamos, Yahoo’s chief information security officer, announced on his Facebook page Wednesday that he’s leaving to take a similar post at Facebook.
“The Internet has been an incredible force for connecting the world and giving individuals access to personal, educational and economic opportunities that are unprecedented in human history,” Stamos wrote. “These benefits are not without risk, and it is the responsibility of our industry to build the safest, most trustworthy products possible.”
He added: “This is why I am joining Facebook.”
The post generated over 800 likes on the social media service he’ll soon be working for.
Stamos had served as Yahoo’s top cybersecurity officer and was with the company for a little over a year. He succeeds Joe Sullivan, who left Facebook in April to join ride-share startup Uber.
After spending years as a banker, Scott Moloney pursued a new career
For FORTUNE's 100 Best Workplaces for Millennials in 2015, go to California. Or Texas.+ READ ARTICLE
As you might imagine, with tech winning for millennial workers, California is the place to be. FORTUNE has released its list of 100 Best Workplaces for Millennials in 2015, and 20 of the top 100 are in technology, like Google, Twitter and Yelp. Some are smaller companies though, like #3 AlliedWallet.com, based in Los Angeles. Nineteen of the top 100 are in California, 17 are in Texas, while only 7 are in New York. Financial services and insurance is the second-best industry for millennials with companies like Edward Jones and Pinnacle Financial Partners.
Read next: The Best Youngest Places to Live
Believe it or not, it's a home remodeling company
If you’re under 35 and looking for a job, you might want to check out this new Fortune ranking of the Best Workplaces for Millennials.
The list, in partnership with researcher Great Place to Work, examines the 100 companies that earned the highest marks in a survey of employees under the age of 35. Many of the companies that earned a spot are the ones you’d expect: tech giants like Google, Salesforce, and SAS; smaller, hot tech companies like Yelp and Squarespace; and hotel chains like Kimpton and Hyatt. But the overall No. 1 might surprise you: Power Home Remodeling Group.
The small contractor started with three small regional offices on the east coast—then two ambitious millennials who joined the company right out of college encouraged expansion. They consolidated the three offices into one headquarters in 2007, then began rapidly opening new offices across the country.
Now those two men, Asher Raphael and Corey Schiller, are the CEOs of the company. And they’ve turned it into a haven for young go-getters that appreciate a performance-driven culture, team spirit and mentoring. The construction business may not be the most sexy industry, but Raphael and Schiller have made it their mission to get top young talent on board.
Read Fortune‘s profile of the company for more.
Interviewing for a new job over the phone? Donna Rosato, MONEY's Careerist, shares her tips for success.+ READ ARTICLE
The investment bank is putting an end to overnight work in an effort to improve interns' well-being.
Goldman Sachs has a message for its most junior employees: You don’t have to go home, but you can’t stay here all night.
The investment bank is demanding its new summer interns be out of the office between midnight and 7am, Reuters reports. The new policy comes as financial industry, notorious for its grueling hours, tries to make banking a less stressful endeavor.
The 2013 death of a Bank of America intern in London, which may have been partially induced by fatigue, raised awareness of the finance world’s difficult working conditions and sparked reform efforts. Following the incident, Bank of America modified its policies to be more work-life friendly, and recommended analysts and associates “take a minimum of four weekend days off per month.”
Goldman, Credit Suisse, Citi Group, and other banks have made similar reforms, telling its junior bankers to take off Saturdays or weekends, and in Goldman’s case, forming a task force for quality of life issues.
Part of this reduction in hours is due to health concerns, but as the New York Times noted last year, it’s also driven by new competition from other industries, particularly technology firms, that offer the chance of riches and a personal life. This has lead more potential bankers to demand a (slightly) more livable schedule.
“My students, men and women, talk much more openly about an expectation of work-life balance,” Sonia Marciano, a professor at NYU’s Stern School of Business, told the Times. “It’s a shift that seems pretty real and substantial.”
The fast-growing ridesharing service could be on the hook for plenty of new expenses.+ READ ARTICLE
A former Uber driver in a labor dispute with the company was not an independent contractor, the California Labor Commissioner has ruled. That means the fast-growing ridesharing service could be on the hook for minimum wage payments, unemployment insurance, and other job-related expenses.
The California Labor Commissioner’s ruling stated, in its analysis,
Defendants [Uber] hold themselves out as nothing more than a neutral technological platform, designed simply to enable drivers and passengers to transact the business of transportation. The reality, however, is that Defendants are involved in every aspect of the operation….
Defendants control the tools the drivers use….
The passengers pay Defendants a set price for the trip, and Defendants, in turn, pay their drivers a non-negotiable service fee….Defendants alone have the discretion to negotiate [a cancellation fee] with the passenger. Defendants discourage drivers from accepting tips because it would be counterproductive to Defendants’ advertising and marketing strategy.
…Aside from her car, Plaintiff [Barbara Ann Berwick, the driver in the case] had no investment in the business….But for Defendants’ intellectual property, Plaintiff would not have been able to perform the work.
In light of the above, Plaintiff was Defendants’ employee….
Correction: A previous version of this post, including a video, stated that the California ruling applied to “Uber drivers.” In fact, it applied to a single driver, Barbara Ann Berwick.