SoFi Blog

Tips and news—
for your financial moves.

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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.

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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.

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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.

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How to Protect Your Credit and Online Data From Fraud—A Year After The Equifax Breach

A great way to commemorate the one-year anniversary of the infamous Equifax breach (September 7, 2017) is to take steps to protect yourself to keep your information secure.

First, the backstory: Equifax, a financial information company based in Atlanta, reported a cybersecurity incident that potentially affected 143 million U.S. consumers. Between May and June 2017 , criminals gained access to certain Equifax files through application vulnerability on a U.S. website.

The information exposed included social security numbers, birth dates, addresses, and drivers’ licenses. Approximately 209,000 credit card accounts for approximately 182,000 U.S. consumers were also compromised. These accounts include dispute documents and personal identifying information. Even a year later, the cleanup continues .

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How to Build A Work Wardrobe On A Budget

New York Fashion Week (NYFW) always brings this dreaded thought to mind: “I have absolutely nothing to wear, and I hate all my clothes.” Take heart, though: while those models are working that runway, you’re working your career.
Some of those models won’t get out of bed for less than $10,000 a day, but you may not have that option—yet. If so, we offer some tips on how to build an amazing new work wardrobe on a budget.

Just keep this in mind before you star in that clothes-shopping/dressing-room montage: don’t expect to buy a complete wardrobe all at once. It’s going to take some time, planning, and smarts. You already have the smarts, but let’s work on the time and the planning.

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