If you use artificial intelligence to write your resume — or get a bit too creative with the design — you could be hurting your chances of landing a job.
The biggest red flag hiring managers look for in job candidates is an AI-generated resume, according to new research from Resume Genius, which surveyed 625 hiring managers across the U.S. Other resume faux pas include poor formatting and typos.
Here are the three biggest resume red flags that could cost you a job offer, and how to avoid them, according to a hiring expert:
AI-generated resumes
More than half (53%) of hiring managers say they have reservations about resumes that include AI-generated content, with 20% calling it a “critical issue” that might prevent them from hiring someone.
“It’s extremely important that your resume is a truthful, authentic reflection of the skills and experience you bring to the table,” says Michelle Reisdorf, district director at recruitment firm Robert Half. “If you use AI to write a resume for you in minutes, it tells me you didn’t put a lot of time and thought into applying to my job.”
Reisdorf, who has worked in recruiting and hiring for over 30 years, still encourages jobseekers to use AI to review and edit their resume — but says you should write the first draft.
“AI is great for proofreading and enhancing what you’ve already written, but it’s not a one-stop shop to generate the perfect resume,” she adds. “Recruiters will be able to tell if you’re not including specific details from your past jobs or writing in a personal, human voice.”
Frequent job-hopping
Similarly, resumes showing a pattern of frequent job-hopping make 50% of hiring managers hesitant to move forward with a candidate, Resume Genius found.
This red flag is trickier to avoid: If you’ve switched jobs a lot, you can’t lie about your employment history. Plus, hiring managers have different definitions of what constitutes excessive job-hopping.
For some, it might be changing jobs every 1-2 years, while others would argue it’s a shorter timeframe (opting to move after less than a year).
You don’t have to explain every time you switched roles, “as most recruiters aren’t looking for that on the first pass,” Reisdorf says. “They want to know if you have the skills and the experience to do the job well — your past experiences and commitment to work are usually saved for the interview.”
If you have several short stints on your resume, however, Reisdorf recommends including a brief context (1-2 sentences) of your job changes elsewhere on your application.
“Most online applications will have text fields for additional comments or ‘reasons for leaving’ after you upload your resume,” she explains. “That’s a good place to acknowledge any job-hopping without drawing too much attention to it.”
Otherwise, save any explanations of your career choices for the interview.
Poor formatting
Another red flag hiring managers look out for on resumes is poor formatting, whether it’s a disorganized layout, using an obscure font or simply forgetting to spell-check.
Reisdorf says clean, simple resumes are the most effective as they’re easy for anyone to read and understand. That means using a basic black font, trimming it to one page and having clearly labeled, organized sections.
Put simply, you want a recruiter’s attention to be focused on your accomplishments — not a bold typeface choice or cluttered layout.
Proofreading for any spelling or grammar mistakes before submitting your resume is important, too, Reisdorf says, because it shows your potential employer that you’re detail-oriented and conscientious.
“Ultimately, you want the hiring manager to focus on you, as the candidate, versus the mistakes on your resume,” says Reisdorf. “Your resume should make them excited to interview and, hopefully, hire you.”
This chart compares Gold ETF GLD to U.S. Dollar…straight up since Feb.
4. A Couple of Popular Consumer Stocks with Gaps Down
ULTA -23% from highs.
5. China has More Chipmaking Capacity than the Rest of World Combined
6. Supply and Demand for Stocks…More Buybacks and Less IPOs=Shrinking Supply
@Callum Thomas (Weekly S&P500 #ChartStorm) Supply & Demand: One thing to remember amid all the variables and calculations and prognostications on the stockmarket… is that it is after all, a market. And what does ECON101 tell us about markets? Price is the balancing factor between supply and demand. The chart below shows what’s been happening on the supply side of the equation (in other words: more buybacks and less IPOs/issuance = shrinking supply, shrinking supply ceteris paribus = higher prices).
7. Three Stable Coins Account for 60% of Trading Volume in Crypto
The top three stablecoins accounted for more than 60% of trading volume of the five most traded cryptocurrencies on Monday.
Stablecoin issuance serves as a measure of new capital entering the market.
Stablecoins accounted for more than half of all daily trading volume among the most traded cryptocurrencies Monday.
Tether, First Digital USD, and USDC each clocked around $58 billion, $7.5 billion and $7.1 billion, respectively, CoinGecko data shows.
Collectively, these three stablecoins made up more than 60% of the trading volume of the five most traded cryptocurrencies that day. Bitcoin reached about $34 billion, while Ethereum saw $20 billion.
Stablecoins “have attracted the most capital, emphasising investors’ inclination towards stability and reliability over other alternatives,” Vincent Chok, CEO of First Digital, told DL News.
Stablecoins are cryptocurrencies with values typically pegged to fiat currencies like the US dollar. They provide an avenue for traders to park their funds during highly volatile periods.
“Stablecoins are an extremely crucial asset for traders both from a stability perspective and a leverage perspective,” Pat Doyle, a blockchain researcher at Amberdata, told DL News.
In March 2020, uncertainty gripped the world as the COVID-19 pandemic spread rapidly. The markets were crashing. Businesses were shutting down. Schools and universities closed their doors. Strict lockdown measures confided millions to their homes. Brent Underwood, a co-founder here at Daily Stoic and whose inspiring journeywe’ve been sharingover the past month, thought he’d found the perfect place to ride out the pandemic—a small California ghost town called Cerro Gordo he’d been slowly renovating and turning into a resort. It was safe and isolated, beautiful and quiet…for a second. Then a freak series of snow storms trapped him there in Cerro Gordo for weeks with dwindling supplies and no running water. His retreat turned suddenly into a prison. Then he had a bout with appendicitis that required him to drive himself 2 hours to the closest clinic. As we’ve said before, life comes at you fast. And once they start coming, they don’t stop coming. The rest of the snow melted. Work progressed on the town. Media attention poured in. The New York Times profiled him and the town in a long-awaited piece. And then, before he even had time to send the article to his family, the town’s crown jewel—the American Hotel—burned to the ground…exactly 149 years to the day from the day it had opened. From triumph to disaster in a matter of hours. Seneca himself tells the story of Rome burning to the ground and how the city of Lyons came to her aid with a large donation. Little did Lyons know that within a year Rome would be returning the favor because Lyons had burned. Life is unpredictable…yet somehow very predictable. Life comes at us fast. It doesn’t stop. It puffs us up and brings us low. It blesses and curses us. All we can do is be ready. All we can do is pick up the pieces and keep going.
Helped mainly by the massive gain since late October, the S&P 500’s one-year trailing total return through the end of March clocked in at an eye-watering 30.5%, or nearly triple the historical average of 11.8%. While the rally over the last year has been well above average, it followed a period of weak returns in the prior year. When you combine the last two years, the S&P 500’s annualized gain of 9.7% is nearly a full percentage point below the long-term historical average. Looking out over the last five and ten years, annualized returns have been well above average, but over the prior twenty years, the S&P 500’s performance has been sub-par.
Equity market returns may have been below average over the last two and twenty years, but you won’t find many equity investors looking to trade shoes with investors hiding out in long-term (LT) US Treasuries. The chart below shows the annualized total return of the Bank of America/Merrill Lynch index of 10+ Year US Treasuries over various timeframes. Over the last year, LT Treasuries declined 4.8% versus a long-term average annualized gain of 8.1%. If you think that’s bad, check out the two-year annualized decline of 13.1%…in Treasuries! That’s a 25% haircut! Even over the last five years, LT Treasury returns have been negative to the tune of 1.6% annualized. To find – not better than average – but simply positive returns, you have to go out to the ten-year window, where the total return is just 1.6% annualized and still seven percentage points less than the historical average. While technically not a lost decade, it’s been a loser of a decade for sure.
2.Best and Worst ETFs Q1
Nasdaq Dorsey Wright
3.Buybacks Huge Part of Demand for Stocks.
The Daily Shot Brief Equities: Goldman sees share buybacks driving demand for stocks this year.
5.$21 Trillion in T-Bill Issuance Past 12 Months-B of A Research
6.S&P Metals and Mining ETF Closing in on 2022 Highs.
7.Growth vs. Value
Barrons Active funds now have 56% less exposure to value investments than to momentum factors—a 15-year low, according to Subramanian. “Funds looking for cheap stocks based on low price-earnings valuations is at a “max underweight,” she adds. “A brain drain and asset drain, with 40% fewer funds, from active fundamental to passive and private suggest markets may be less efficient and offer more alpha potential.”
Value has had its share of false starts. But Subramanian writes that value is historically cheap at a time investors could become more attuned to the price they are paying for stocks.
Over the last decade, roughly 150 active large value funds have gone extinct, Morningstar’s Director of Manager Research Russel Kinnel said via email. That could mean a bigger opportunity for those stockpickers who stuck with value if this turnaround materializes.
Tens of millions stolen from money storage facility in one of the largest cash heists in Southern California
ANDREW BLANKSTEIN AND MINYVONNE BURKE
Thieves stole tens of millions of dollars from a money storage facility in what is being called one of the largest cash heists in Southern California.
The robbery happened on Easter Sunday at a GardaWorld facility. NBC Los Angeles reported that it occurred in the 15000 block of Roxford Street in Sylmar in Los Angeles’ San Fernando Valley.Burglars breached the building as well as the safe where the facility stores money, Los Angeles Police Department Cmdr. Elaine Morales told the Los Angeles Times.While the Times reported that as much as $30 million was taken, multiple law enforcement sources familiar with the matter told NBC News they are trying to assess exactly how much money was taken.
Morales did not respond to a request for comment on Thursday, and a spokesperson for the LAPD would not confirm details in the Times’ article.The LAPD and the FBI are conducting a joint investigation, the LAPD spokesperson said. The FBI and GardaWorld were not immediately available for comment.
GardaWorld says on its website that it is a “long-standing security partner of choice to some of the most prominent brands, Fortune 500 corporations and governments.” Its mission is to protect its clients’ assets and operations.The company has 425 branch offices across 45 countries, according to its website. An employee at GardaWorld told NBC Los Angeles “the place is pretty secure.”
“They check that the alarm is set up, so, just to think that they were able to go through the security system and get away with all that money, it’s a shocker,” said the employee, who asked to remain anonymous.The alleged heist is said to be one of the largest in Southern California and comes two years after the multimillion-dollar theft of jewelry and gemstones from a Brink’s tractor-trailer while the driver was inside asleep. A second driver was away from the vehicle for nearly 30 minutes getting food inside a rest stop. Some have said thieves took 22 bags worth less than $10 million while others believe it was roughly $100 million. No arrests have been made. On Sept. 12, 1997, $18.9 million was stolen from the former site of the Dunbar Armored facility on Mateo Street in Los Angeles. The robbers were eventually caught, the Los Angeles Times reported.
Gold bullion — physical gold has outperformed gold-mining company shares over the past three years by one of the largest margins in decades. Gold recently hit a new all-time high above $2,200 an ounce, while the PHLX Gold/Silver Index XAU is below where it stood three years ago — as you can see in the chart below.
Investors need not waste time worrying about what they can’t control, like market volatility and its many causes, because there is a greater threat to their financial success and it comes from within.
The internal battle we face is a war between our primitive minds and our current reality, where some of these primal survival skills are outdated, if not useless. The cognitive biases that kept the species alive, can lead to making less than optimal financial decisions – especially if we are unaware of them.
According to James Clear (Atomic Habits), much of our behavior is rooted in reducing uncertainty, relieving anxiety, and winning social acceptance/approval. At the heart of these inclinations is the goal of propagation of the species. Our cognitive biases encourage us to be part of a tribe to stay safe (and alive) in order to multiply. But for a modern-day investor, the greatest success comes from taking risk, and going against the crowd’s greed or fear. Understanding these cognitive biases is crucial to overriding them and not mistaking them as “gut instincts.”
The Last Experience Might Not Be Replicated
Our ability to not repeat mistakes is the Recency Effect at work, which is how we learn not to touch a hot stove. We associate the last experience in a given situation as one that will be replicated. But, not all situations have as certain an outcome as this. When it comes to investing, this bias leaves investors believing that the next experience they have will be the same as their last (for better, or for worse). This can lead investors to be overly fearful, sitting in cash at the worst time; or, investing aggressively, thinking the next new high is on the horizon. However, just because it happened last time isn’t a strategy.
Fear is Instinct, Not Intuition
Survival instincts have us place more emphasis on negative thoughts and perceived threats. This Attentional Cognitive Bias even shapes the way we remember experiences. We are more likely to remember the magnitude of the pain of loss than the highs from the joy of a win. When combined with the Recency Effect, it is a potent cocktail that keeps once-bitten shy investors perpetually sitting on the sidelines, waiting to re-enter, and never able to jump back in. The result is missed opportunity and wasted years that could have been spent compounding investment results to build wealth overtime.
Surrounded by Information and Agreement Clouds Judgment
A cognitive bias made particularly potent in our modern era is Availability Heuristic, which places greater importance on information that is readily available (e.g., virally spread) regardless of its merit. In addition, algorithms serve up a daily diet of content that echoes what we already believe. And this Confirmation Bias creates confidence that we are right because there is a whole tribe of people in agreement. This is how irrational exuberance takes hold, leading investors to gorge en masse on stocks that cost more than they are actually worth.
Dial Back on Emotion
The only way to handle our modern day investment challenges is to dial back on the very thing that helped keep us alive – our emotional response to stimuli. Fortunately, there is data going back to the 1920s that shows how different types of investments have performed over various time frames (with stocks being the strongest performer). We can look to volatile times in the market’s history and see now that these were buying opportunities for long-term investors. While past performance is no guarantee of future results, probability is all an investor can look to.
Still, on an emotional level it can be difficult to make the decision to invest. This is where automation and technology can be used to establish a systematic investment plan to buy every month, regardless of market performance. Automation frees investors from the angst of decision making, or trying to time their investments. It offers a reprieve against the onslaught of information (and misinformation) that triggers our cognitive biases.
Most importantly, it makes it easier to tune out the noise, resist where our primitive minds would lead us, and learn to get comfortable with the uncomfortable. And perhaps this is the greatest survival skill of all.
