How the Stock Market Affects the Job Market

  • Cadre Talent is a quality over quantity boutique recruiting shop specializing in all things software engineering in LA
How the Stock Market Affects the Job Market

The recent stock market plummet has sent many people into wondering if the job market will follow suit, affecting their careers and livelihoods.

The good news is, even though the health of the stock market does have an impact on the job market, it’s often not a one-to-one correlation.

The Stock Market As an Indicator of Shareholder Confidence

The stock market reflects not only the strength of the economy at the moment but also the confidence that investors and corporations have in the future of the market.

If shareholders believe that a company is going to make more profits, then the stock price will bounce back and the organization will have more resources to expand and hire employees. If the market feels that a company’s earnings will remain stagnant or decline, then the stock price will drop and the organization will likely have to tighten its belt.

As such, how investors evaluate the economy will impact corporations’ resource allocation and hiring decisions.

Keep in mind that the stock market is a leading indicator while the job market is a lagging indicator. A single fluctuation in the stock market is unlikely to impact the job market significantly in the short run.

However, if the downward trend continues in the stock market and shareholder confidence starts to erode, the job market will likely suffer since a company’s stock value is based on investors’ projection of its future earnings.

One major reason that a bull market typically creates more jobs is the increased M&A activities. Larger companies have more cash and tend to expand more aggressively. On the other hand, M&A activities tend to slow down in a sustained bear market.

Also, VC money tends to drop off in a sustained bear market, which often results in a tight market, as well as a contraction in seed and Series A rounds. This, in turn, affects the hiring prognosis for startups while more candidates are holding onto their jobs at bigger shops. Such candidate-favored market could deter smaller companies from hiring.

How the Stock Market Affects the Job Market

How the Stock Market and Job Market Affect Each Other

Many factors, such as the global economy, political climate, and investor confidence can impact how the stock market and the job market affect each other as they’re intertwined in nuanced ways.

For example, the economy doesn’t have to decline to put CEOs under pressure. If shareholders start losing confidence for any reason and executives are forced to put a hold on spending, the job market could be affected.

Alternatively, when job seekers see signs of uncertainty in the market, they’re likely to stay at their current jobs and start banking more money instead of taking more risks or increase their spending. This will reduce their disposable income, impact the economy, reduce corporate earnings, and eventually affect the stock market.

There are other factors that will affect the confidence of the market and the outlook of investors in response to a plummet in stock prices, which can have a major impact on the job market.

For example, if investors are pessimistic about the political climate and the Fed responds by increasing the interest rates, global stock and bond market will continue to drop. Companies will be under pressure to tighten their spending by pausing their hiring or even laying off employees.

However, if the political climate instills an optimistic mood in corporate America (e.g., through deregulation and tax breaks,) stockholder confidence can stay high despite a momentary drop in stock prices. Businesses will feel empowered and continue to expand and hire more employees.

Last but not least, wild swings in stock prices could impact market confidence more significantly. As a result, the fluctuation is likely to be more destabilizing for the job market.


 

Cadre is a quality over quantity boutique recruiting shop specializing in all things software engineering, robotics, artificial intelligence, and autonomous vehicles. Cadre is building a talent network utilizing AI and Machine Learning to help solve the tech talent crisis across their portfolio of 85 startups throughout California, Seattle, and Austin.

 

Jason Stomel
Contributor
Cadre Talent, Santa Monica, CA
Jason is the founder and CEO of Cadre; a talent agency, recruiting software incubator and Angel Investor. He has been recruiting in LA for 12 years across a portfolio of startups ranging from Pre-Series A to publicly traded tech companies and Venture Capitalists.
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Jason Stomel
Cadre Talent, Santa Monica, CA
Jason is the founder and CEO of Cadre; a talent agency, recruiting software incubator and Angel Investor. He has been recruiting in LA for 12 years across a portfolio of startups ranging from Pre-Series A to publicly traded tech companies and Venture Capitalists.

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8 Ways Your Company Can Save Money By Hiring Remote Worker

8 Ways Your Company Can Save Money By Hiring Remote Worker

Whether you’re a veteran or simply a new business owner, one thing is certain – overhead costs are a big pain in the @&&. So it’s a good thing that modern technology has helped today’s businesses cut down on costs.

You save a lot of money by not paying for office space, construction costs, electricity bill, rental fee, food expenses, and other expenses. You can simply hire your employees and have them work at home. It’s also a big benefit to the employee since they don’t have to worry about gas expenses or commuting expenses. They also work in the comfort of their own homes and they can set their own schedules as well. It’s a win-win situation for both the employer and the employee.

But if you’re still not convinced then take a look at these reasons that explain why hiring remotely can save you a lot of money.

1 Lower Operating Costs for Your Business

You don’t have to worry about renting office space, paying electric bills, paying water bills,  buying office supplies, providing for snacks, office repairs, buying hardware, fixing to plumb, and all those other expenses since most (if not all) of your workers are now working at home.

Based on a poll from Global Workplace Analytics, it was discovered that businesses and companies who allow their employees to work at home have reduced expenses and reduced company overheads of approximately $11,000 annually.

2 Your Remote Workers are More Productive

Working at home has a lot of perks. The most obvious perk would be that of time and travel expenses. Home workers don’t need to travel to the office which saves them a lot of time, they also don’t have to experience the stress of being caught in a traffic jam during rush hour.

Asides from the traffic, home workers have fewer distractions and they can devote 100% of their time and energy on work. Home workers have flexible work schedules that they can even take care of their children, cook their own food, and watch television. This flexible work schedule makes them more productive and it helps them produce high-quality outputs.

According to Tiny Pulse, about 91% of home workers state that they get more work done when they are working remotely.

3 Employee Turnover Will Be Reduced

A lot of employees are being replaced yearly. It’s costly to train new employees and it takes a lot of time and investment to make them as effective as the old ones.  You can convince your current employees to stick around by making them work at home.

According to the Global Workplace Analytics, about two-thirds of employees would switch their current jobs if they could ease the burden of commuting and deal with traffic. By relieving your employees the burden of traffic, you are also ensuring that they would stick around and work for you.

4 You will have more productive and efficient meetings

Payroll has reported that over 40% of office professionals see impromptu meetings as a major distraction in the workplace.

You don’t have to worry about impromptu meetings that hinder you from doing your work. Most impromptu meetings have little value to add and they are often used to kill time in the workplace. It’s even more annoying when people chat and goof around while waiting for the other workers to come to the meeting. You lose at least an hour of your work time in these meetings, an hour that you could have spent working on that project.

You can have more efficient and productive meetings if you have a lot of remote workers. Why? Because meetings have to planned and scheduled in advance which gives you and your employees more time to prepare for the meeting. So no more on the spot brainstorming or fooling around, you can now have meetings that help and improve your employees work rather than hindering it.

5 Your Workers Can Work Even on Sick Days

People in the office often take the whole day off when they call in sick. This would set back your profits and you’ll be at a loss. Remote workers, on the other hand, don’t have this problem.

Your remote workers can work from bed (if possible) when they’re sick. If they can’t work when sick it’s still okay since they have flexible work schedules that make it easy for them to catch up with work.

6 It’s Faster and Easier to Hire Remote Workers

Office employees undergo a very long and tedious hiring process. They undergo interviews, handle paperwork, background checks, and they have to be sorted out by the HR department. It would take a few days at best to hire a new employee.

Hiring a remote worker, on the other hand, can simply be done within a 24 hour period. There’s no bureaucracy that will slow you down.  However this comes at the cost of security and quality, you have to do the background checks yourself and make sure that they are up to par with your company’s standards.

7 You Don’t Need to Rely on Local Talent, You Have the World to Choose From

If your company is located in a big and thriving city. It’s very likely that your employees are also living in the city as well. The cost of living is high and you have to pay them a much higher rate.

However, you can pay remote workers much less since you don’t have to adhere to industry standards. You can pay someone a lower rate but with equal talent, whose living in a rural area and they’d still be happy about it. You can even completely outsource the work and hire workers from across the world.

8 You Can Work Remotely as Well

What’s so great about having all your workers work remotely? Well, it means that you don’t have to go to the office anymore! You’re basically working remotely as well. That means that you don’t have to worry about commuting/ driving, rush hour, and other daily work expenses. You now have more time to spend with your family and you can probably work while traveling the world.

And, here are 3 ways to build trust in remote teams

Founder, Editor-in-Chief
LAStartups.com, Schmoozd.com
A native Angeleno. John studied engineering at UCLA; founded Schmoozd, an offline social tech networking event in LA with 30,000 subs; ran a startup accelerator (StartEngine). Worked for several major brands like Toyota, DIRECTV, Hitachi, and Raytheon. A mentor at LMU Entrepreneur School. And advises a dozen local LA startups building amazing tech in various industries; also invested in some.
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LAStartups.com, Schmoozd.com
A native Angeleno. John studied engineering at UCLA; founded Schmoozd, an offline social tech networking event in LA with 30,000 subs; ran a startup accelerator (StartEngine). Worked for several major brands like Toyota, DIRECTV, Hitachi, and Raytheon. A mentor at LMU Entrepreneur School. And advises a dozen local LA startups building amazing tech in various industries; also invested in some.

6 Simple Steps to Making a Mobile-Focused Website

6 Simple Steps to Making a Mobile-Focused Website

You’ll need a different mindset if your website is primarily designed for mobile users.

It’s funny when you think about it, but there was a time when websites weren’t really designed for smartphone screens. They were designed for the much larger monitors of desktop PCs. Of course, when you shrink those web pages you can hardly read and see anything, which became a problem when mobile Internet surfing became more popular. So the more farsighted website owners created their websites for PCs, and then they tried to have a different version for smartphones.

Nowadays, most serious websites have both a PC and a mobile version. In fact, more websites are actually being built for mobile surfing first, before a desktop PC version is created. That’s because more people are going online using the smartphones rather than their desktop PCs.

So how do you build a website that’s more focused on serving the needs of mobile visitors? Here are a few tips that can start you on your way:

1. Strip Your Pages Down

When you’re determined to build a website that’s actually geared for smartphone users, you can’t use overly complex webpages. You have to simply your web pages instead.

There are good reasons for this. One, with a small screen to work with you don’t want to overwhelm the user with too many details. A simple layout works much better so they know what to do. Two, with too many complex elements it’ll take too long for a web page to load, and we all know how impatient mobile surfers are. If it takes more than 3 seconds to load a page, chances are good they’ll press the back button and try another website.

2. Plan for Your User’s Needs

Will they be tapping buttons on the web page? If so, you need to make those buttons visible, and they should be large enough so that they can be tapped easily enough. Will they have to input a username and password? If that’s the case, you’ll have to put in a keyboard interface as well. What if they’re looking for a particular section? You may want to feature a clear outline of your site, and a search bar can certainly help.

You have to put yourself in your website user’s shoes. Pretend you’re the user and you need to find something on your website. You’ should then realize what kind of helpful elements you need to put in.

When you’ve designed your web pages, try them out first. You have to know for sure how they would work within a mobile browser.

3. Don’t Forget about Laptops

When you’re designing with a smartphone user in mind, at least you have a touchscreen working for you so your users can simply swipe along the way to navigate your site. But that’s not exactly the case when your mobile user is actually using a laptop. In some instances, they don’t have a mouse either.

What this also means is that you have to plan for various resolutions to make sure your web pages appear at their best. Laptops are often limited to 1024 x 768 resolutions, and that’s what you need to plan for. In fact, check out the various screen sizes of the most popular laptops so you can have a different version for each resolution.

4. Going with Responsive Layouts

Some people would rather opt for a responsive layout, rather than have a different type of website for each type of Internet device. With a responsive design, your website morphs to fit whatever type of resolution your website user is using.

This can be quite convenient for you. You’ll have the same HTML markup that works on all screens. You won’t have to go with specific stylesheets for different types of devices.

Since you’re focused on mobile users first, at least with this approach you take care of the needs of those using smaller screens. Of course, there’s a good chance that you won’t get an optimal look when you’re website visitor is using a desktop browser. But those are bugs that you can fix later. These guys aren’t your top priority after all.

To help you see just how responsive websites can work for different devices, you ought to do some research on the various responsive sites that are currently in operation these days. Just Google for them and you should find them easily enough. You can then cherry-pick the features that you want to appear on your own responsive website.

5. Don’t Forget about the Navigational Requirements

If you’ve been designing websites all this time with a focus on desktop users, then you’re probably more used to people who can just use a mouse to get around a webpage. That’s not going to fly with a mobile website.

For most website designers, the simplest solution here is to just have your page sections cascade down. Your visitors can just swipe downward to see more of your content. You can also have your links appear constantly at the top or at the bottom of the screen so that they can get around your site more easily.

Just don’t go overboard and put in too many links on your navigational menu bar. Just go with the basic root items instead.

6. Set Up Your Images Properly

Dealing with image content can be problematic when you have such a small screen to work with. One solution is to have a set of images solely for small smartphone screens, while you have another set for normal displays. However, you can’t overlook the need for high-resolution images for iPhone retina displays.

Another solution is to set up all your images to contract and then expand up to the maximum point. This can work just as well for desktop users too. Even HTML5 video supports this setup, so it’s convenient.

It does require a different mindset when you’re building a website that’s more focused on mobile users. The old ways won’t work if you’re used to traditional desktop websites. Whatever you do, just don’t forget to give it a test run on your own smartphone first!

Here are 5 Steps You Can Do to Prepare Your Website for Google’s Mobile-First Index

Founder, Editor-in-Chief
LAStartups.com, Schmoozd.com
A native Angeleno. John studied engineering at UCLA; founded Schmoozd, an offline social tech networking event in LA with 30,000 subs; ran a startup accelerator (StartEngine). Worked for several major brands like Toyota, DIRECTV, Hitachi, and Raytheon. A mentor at LMU Entrepreneur School. And advises a dozen local LA startups building amazing tech in various industries; also invested in some.
×
LAStartups.com, Schmoozd.com
A native Angeleno. John studied engineering at UCLA; founded Schmoozd, an offline social tech networking event in LA with 30,000 subs; ran a startup accelerator (StartEngine). Worked for several major brands like Toyota, DIRECTV, Hitachi, and Raytheon. A mentor at LMU Entrepreneur School. And advises a dozen local LA startups building amazing tech in various industries; also invested in some.

How To Choose High Energy Food That Fuel Your Body For Peak Performance

How To Choose High Energy Food That Fuel Your Body For Peak Performance

You need food and hydration to fuel your body and achieve peak performance when doing outdoor activities like cycling, running, hiking, and swimming.

The best way to fuel your body would be to consume energy foods and energy drinks. These have numerous advantages: easy digestibility, a long shelf life, and they are also easy to bring.

Here are the things that you need to look for in an energy food or drink

  • Exact time to take energy foods and drinks: Be careful, as there are certain items which are designed to be consumed before, after or during the activity itself. Make sure you read the label correctly before buying.
  • Nutrition: When choosing the food and drink of your choice. You need to look at its nutritional contents. Look at the back of the product. Make sure you choose an item that has low fats, low carbs, and high protein.
  • Features of energy food and drink: There are various options like non-GMO foods, gluten-free foods, organic foods, etc.
  • Various Energy drinks and foods: You can choose from bites, jells, bars, chews, recovery drinks, and sports drinks.

The Various Types of Energy Foods and Drinks

  • Bars: Bars are high in carbohydrates and low in protein and fat. There are lots of bars to choose from and they come in all shapes and colors. It is recommended that you consume energy bars before or after endurance activities. The high-grade crabs in bars help replenish glycogen in muscles. And some energy bars can even be used as substitutes for real meals.
  • Foods and Drinks Taken during Workout: For sustained energy during exercise, it is good to introduce some protein and fat into your diet.
  • After Workout Foods and Drinks: These energy foods can help your body rebuild muscles and tissues. It is also recommended that you drink lots of water or lots of liquids after eating post workout foods.

When Should You Consume Energy Foods and Drinks?

REI reports that energy foods and drinks can fine-tune your nutrition intake. REI also reports that energy foods and drinks are engineered to enhance each stage of outdoor excursion or workout.

  • Before Activity: These energy foods and drinks provide an elevated and consistent energy level, they are formulated to give you the necessary energy and nutrients to perform in peak condition. These energy foods are made from a balanced mix of proteins, fiber, and complex carbohydrates. Additionally, they should be consumed minutes before the start of an exercise routine.
  • During Activity: These foods and drinks are designed for easy digestion and absorption. They are designed to give you energy while running, cycling, climbing, etc.
  • After Activity: These foods and drinks are fortified with amino acids, proteins and other muscle restoring elements. They are mostly used for recovery and they can also speed up muscle growth and muscle synthesis. These foods usually have a lot of amino acids and a lot of protein.

Some Notable Features of Energy Drinks that you should look out for

  • Gluten Free: Found in some grains including rye, wheat, and barley these products are a mixture of protein and they contain zero gluten.
  • Vegetarian: These products might contain eggs, milk, and honey. Just like the name implies, products with these labels don’t have meat in them.
  • Vegan: This is similar to the label above but this time it has zero animal products in it. That means no eggs and no milk. It’s 100% animal free.
  • Organic: Organic foods aren’t 100% organic though. The law states that at least 70 percent of its ingredients must be organic for it to be labeled as organic. So “organic” products might contain artificial ingredients.
  • Non-GMO: These products don’t contain any GMO foods. It also means that you’re taking in unaltered and all-natural ingredients as well.
  • Energy Bites and Chews: They provide the same function as an energy gel. It is recommended that you take a few sips of water after chewing down bites and chews. You might suffer from indigestion if you fail to follow this advice.
  • Energy Gels: Small and portable energy packs that you can use to refuel and rehydrate.
  • Drink Mixes: A concentrated mix of energy. Be careful, it is essential that you limit your intake to 60 grams per hour. Too much intake may lead to stomach problems.

Some miscellaneous facts on energy foods and drinks

Understanding the basics of nutrition is beneficial for your long-lasting health. Consider the following.

  • Carbohydrates: 60 grams of carbohydrates per hour is the ideal intake. Eating and drinking more than this may upset your stomach.
  • Calories: 200 to 300 calories per hour is considered as a good ballpark figure. Luckily for you, most gels, bites, energy bars, and drinks have this standard.
  • Fat: Relatively, energy foods are low in fats. However, some meal replacement bars designed for endurance athletes might contain more fat than needed.
  • Protein: This is one of the key components for muscle building. It is essential for rebuilding tissues.
  • Potassium: Considered to be one of the main components of electrolytes. Ingredients like potassium citrate are essential for metabolizing carbohydrates which ultimately leads to the proper functioning of muscles. Potassium also keeps you hydrated
  • Vitamins and Minerals: Overall, energy bars have the highest number of minerals and vitamins which your body naturally burns through exercise and activity.
  • Sodium: Just like potassium, sodium is essential in metabolizing carbohydrates for the proper functioning of muscles. It also keeps you hydrated.
  • Sweeteners: Some performance beverages, chews and gels like Stevia, honey, agave. Do not use sugar as a calorie sweetener. Natural sweeteners are ok, but sugar and other artificial sweeteners may damage your health in the long run.
  • Amino Acid Blends: It’s basically a blend of proteins. Proteins like valine, leucine, and isoleucine are added to gels which are further broken down by the body after consumption.
  • Caffeine: It gives you an energy boost. Caffeine is present in most energy bars, chews, jells, and drinks. In fact, it’s rare to find energy with that doesn’t have caffeine.

Here are 16 Easy Ways to Eat Healthier Every Day

LA Startups Crew
Los Angeles Startups
Santa Monica, Culver City, Venice, Hollywood, and beyond
LAStartups.com is a digital lifestyle publication that covers the culture of startups and technology companies in Los Angeles. It is the go-to site for people who want to keep up with what matters in Los Angeles’ tech and startups from those who know the city best.
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LA Startups Crew
Santa Monica, Culver City, Venice, Hollywood, and beyond
LAStartups.com is a digital lifestyle publication that covers the culture of startups and technology companies in Los Angeles. It is the go-to site for people who want to keep up with what matters in Los Angeles’ tech and startups from those who know the city best.