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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What Does the Average Funeral Cost? It Pays to Plan Ahead.

The need to plan a funeral can take you by surprise, leaving you very little time to make arrangements when someone you care about passes away. Having some understanding of what goes into planning for a funeral can only help, especially since funerals tend to happen so soon after someone passes. Your loved one deserves to be honored with dignity when they pass, and in turn, you and your family deserve the opportunity to say a proper goodbye. Ultimately, you want a funeral to be meaningful, and knowing how to facilitate that is key.

Finding the money to pay for a funeral is a high priority. Funeral costs determine the kind of funeral you can have—where you can have the funeral, how many mourners can come pay their respects, and the type of burial or cremation ceremony you can have. However, money is usually the last thing on your mind when a loved one passes away. That’s why it’s a good idea to know how to cover funeral costs, so that you’re not left financially scrambling while grieving. In this article, we’ll look at a breakdown of funeral costs, and outline the ways you can pay for a funeral.

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What Do Employees Value Most: Dream Job or Salary?

If you were to put together a “Dream Job” list, you’d probably have a few positions on there because you love the work (think illustrator or travel blogger)—and a few because you love the salary that comes with it (say, pro athlete).

Dream job ideas aside, when you’re searching for a new job, you’re probably pondering a similar question: What should you prioritize, the type of work that you’ll be doing or your income?

In an ideal world, you’d snag a well-paying job that you adore, but that combination isn’t exactly easy to find.

The bottom line: There’s no one answer that’s appropriate for everyone. After all, when it comes to what employees value the most, there’s a lot of variation from person to person. But there are some key questions that you can ask yourself in order to figure out what suits you best.

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black women's equal pay day

Why #38PercentCounts on Black Women’s Equal Pay Day

August 7 marks Black Women’s Equal Pay Day, the day that marks how far Black women have had to work into 2018 to make as much as white males did in 2017. This means that a Black woman would have to work for 19 months and one week to take home what a white male typically earns in 12 months.

To raise awareness of the pay gap and its negative effect on Black women and families, SoFi is proud to partner with Lean In to launch #38PercentCounts. It’s the second of three public awareness efforts this year rooted in the idea that equal pay matters.

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