09/17/2020

SoFi is committed to fighting racism, standing in solidarity with all of our communities, providing space for open dialogue,
as well as taking action as informed allies. We are donating $1 million to organizations that empower people of color and their allies.

SoFi Blog

Tips and news—
for your financial moves.

Overhead of freelancer at laptop

4 Negotiation Tactics for Tech Freelancers

As a freelancer, you can live anywhere, plan your own schedule, and work on a wide variety of projects. On the flipside, all that freedom means it’s up to you to meet your income needs.

If you’re looking to land higher-paying freelance tech jobs, you may want to consider working with agencies. Often, agencies turn to contract workers with specialized tech skills—like engineers, developers, designers, and other creators—to supplement their in-house teams.

Freelance rates for designers and other technical workers can be all over the map. But, because agencies are highly motivated to keep their clients satisfied, they often pay competitively to attract the best talent for the job.

Read more
Woman holding tablet on smartphone

How Does Artificial Intelligence Impact The Job Search: Does it Help or Hurt Your Chances?

When someone mentions artificial intelligence (AI) in the form of autonomous cars or smart home hubs, people can’t get enough. It’s exciting to think about the possibilities of these innovations. But it’s rare that AI in the context of the job search gets as much attention or enthusiasm—especially when you only think of it as the “robots” you have to get your resume past.

But beyond that, what is artificial intelligence in the context of job searching? AI is utilized in almost every aspect of the hunt, from optimizing job postings to uncovering salary insights to, of course, resume scanning software and applicant tracking systems.

What does that mean for job seekers? According to Jennifer Zamora and Stacey Perkins, career coaches at SoFi and Korn Ferry Advance, there are pros and cons to artificial intelligence’s impact on jobs and your search—and there are ways to work with it successfully. Here’s a breakdown.

Read more

It’s Time for You to Get That Raise

When was the last time you assessed your value or negotiated your salary at work? According to a recent survey1 conducted by SoFi, over half (57%) of respondents said they feel that they are underpaid, yet only 33% plan to ask for a raise this year.

The conversation surrounding financial independence often only focuses on cutting back to save money – eliminating a daily latte, or bringing lunch to work. Of course, being financially responsible is an important part of getting to financial independence. At SoFi, we believe there is another important dimension to this discussion: earning your way to financial independence. Earning more money gives you the opportunity to put it towards your financial goals faster, whether that means saving for your first home, paying down existing debt, or investing more. Our goal? To help you get your money right—and steer you toward an accelerated path to financial independence.

Read more

How to Talk to Your Boss About Your Job Performance

During the interview for your current job, you may have been asked where you see yourself in five years. But have you ever revisited that conversation? To keep your career on the right path, it’s important to learn how to talk to your boss about your job—where you are now and where you see yourself in the future.

It might feel awkward to bring up your career development to your manager. You may not want to boast about your achievements and why you deserve to move up. Or, maybe you’re worried that your company foresees you moving into a different direction than you have in mind. And there’s always the potential for rejection if your boss doesn’t think you’re ready for a particular career track.

That doesn’t mean you should avoid the awkwardness altogether—you just need a few career tips on how to talk to your boss about your job and career progression. Here’s where to start.

Read more
Manager and employee discussing raise

How to Ask for a Raise When You Are Underpaid

Money may not be everything, but it certainly plays a considerable role in your job satisfaction. And if you suspect you’re underpaid, your happiness can plummet—quickly. A recent Indeed survey revealed that only 19% of American workers are comfortable with how much they make and say they’d need a $6,000 raise to feel good about their salaries. Additionally, Glassdoor found that a majority of its users are underpaid by an average of $4,700.

If you think you deserve more, it’s worth doing some research to determine if you are truly underpaid—and if so, using that information to have a conversation with your boss. But before you set foot in his or her office, you have to understand how much of a raise to ask for and the best way to ask for a raise in that situation.

Read more
TLS 1.2 Encrypted
Equal Housing Lender