If your resolution this year is to find a new job, consider this: employers are looking for more than just technical skills in 2019. According to a new Linkedin report, they are seeking out candidates who can adapt to and collaborate with a global workforce and client base. If you happen to speak more than one language you likely already fit the bill. Not only can you communicate with a broader range of people, but your analytical and problem solving skills are potentially sharper than most, as several studies have suggested. Employers are catching on, and now the demand for candidates fluent in multiple languages is on the rise—particularly in the fields of tech, finance and healthcare. With that in mind, we decided to hit the job boards and roundup some of the most interesting opportunities for multilingual speakers available right now.
As the global economy fuels the financial industry, banks are seeking candidates for both high- and entry-level positions to open doors to new clients. Citigroup is looking for a bilingual Financial Advisor fluent in English and many Asian languages (e.g. Mandarin, Cantonese, Japanese, Korean, Vietnamese, Thai) to build "offshore business and deepen relationships through the execution of an effective sales process." Meanwhile, Wells Fargo is serving up a host of opportunities from Senior Business Banking Specialist to Tellers in locations around the country, encouraging candidates who speak more than one language of any kind to apply.
If you're looking to break into the tech big leagues, the ability to speak more than one language is a major plus on your resume. Look no further than Apple for proof. The tech giant is encouraging multilingual candidates to apply for positions in both management and programming. Consider joining the Siri Machine Learning team working to expand and enhance human-computer interaction, or maybe you'd rather be a Senior Manager and oversee the day-to-day operations at one of the many Apple stores around the country. Meanwhile, WeLocalize is looking for a candidate fluent in multiple languages to review mobile apps for clients around the world.
Thanks to streaming platforms, we have more binge-worthy content from around the globe than ever. That also means more demand for translations and content creation. Netflix is currently on the hunt for a Spanish-speaking scribe to research and write brief bios for films and TV from Latin America and Spain. The same post is available for Korean bilingual writers. Anime fans who are fluent in Japanese might also take note of their Content Producer position.
Social Work and Non-Profit Sectors
If you have a background in social work and are fluent in both English and French, you could be eligible for a position with New Economics For Women, a community-driven organization that provides pathways to financial success for women. The Los Angeles-based organization is looking for a Spanish and English speaking case manager to "educate and coach families, especially as it relates to financial capability, including but not limited to spending plans, savings, credit, and debt management." If you're passionate about conservation, the African Wildlife Foundation is looking to fill the role of Senior Program Designer. The position, which requires fluency in French, involves "developing and stewarding relationships with US based public sector donors towards securing new funding for AWF's Program, with a particular responsibility for West and Central Africa."
UnitedHealthGroup is looking for customer service reps and supervisors in locations around the country who speak Spanish as well as English. There's also a telecommuting opportunity with the company to serve as a WorkLife Advisor providing customer support to clients. If you're ready to move to the Big Apple, New York Presbyterian Hospitals is in search of a candidate bilingual in Arabic to serve as a patient coordinator in their global services department.
We are just scratching the surface—there are so many more opportunities for dual language speakers on job boards like Indeed and Glassdoor. (Just enter the keyword "bilingual" in the search bar when you're filtering listings). But even if your dream job doesn't require knowledge of second language, that doesn't mean you shouldn't advertise your fluency in your cover letter and resume. If nothing else, it immediately will set you apart from the competition.
When you take out a loan for a car, charge something to your credit card, or get a personal line of credit, there is going to be an interest rate that applies to your loan.
A lot of different factors go into what you will be charged, including your own personal credit score. But even those with flawless credit still see a minimum charge that they can't get around. That all goes back to the Federal Funds Rate.
One thing consumers rarely realize is that all of our banks are lending money to each other every night. Banks are legally required to maintain a certain percentage of their deposits in non-interest-bearing accounts at the Federal Reserve to ensure they have enough money to cover any withdrawals that may unexpectedly come up. However, deposits can fluctuate and it's very common for some banks to exceed the requirement on certain days while some fall short. In cases like this, banks actually lend each other money to ensure they meet the minimum balance. It's a bit hard to imagine these multibillion-dollar financial institutions needing to borrow money to tide them over for a bit, but it happens every single night at the Federal Reserve. It's also a nice deal for those with balances above the reserve balance requirement to earn a bit of money with cash that would normally just be sitting there.
The Federal Reserve
The exact interest rate the banks will charge each other is a matter of negotiation between them, but the Federal Open Market Committee (FOMC) (the arm of the Federal Reserve that sets monetary policy) meets eight times a year to set a target rate. They evaluate a multitude of economic indicators including unemployment, inflation, and consumer confidence to decide the best rate to keep the country in business. The weighted average of all interest rates across these interbank loans is the effective federal funds rate.
This rate has a huge impact on the economy overall as well as your personal finances. The federal funds rate is essentially the cheapest money available to a bank and that feeds into all of the other loans they make. Banks will add a slight upcharge to the rate set by the Fed to determine what is the lowest interest that they will announce for their most creditworthy customers, also known as the prime rate. If you have a variable interest rate loan (very common with credit cards and some student loans), it's likely that the interest rate you pay is a set percentage on top of that prime rate that your lender is paying. That's why in times of low interest rates (it was set at 0% during the Great Recession), a lot of borrowers should go for fixed interest rate loans that won't increase. However, if the federal funds rate was relatively high (it went up to 20% in the early 1980's), a variable interest rate loan may be a better decision as you would be charged less interest should the rate drop without the need to refinance.
The federal funds rate also has a major impact on your investment portfolio. The stock market reacts very strongly to any changes in interest rates from the Federal Reserve, as a lower rate makes it cheaper for companies to borrow and reinvest while a higher rate may restrict capital and slow short-term growth. If you have a significant portion of your investments in equities, a small change in the federal funds rate can have a large impact on your net worth.
Whether you're leaving a job involuntarily, departing for something new, or just want to prepare for the unknown, it is smart to understand all your options regarding your 401k.
Frugal gifting often gets a bad reputation. However, this shopping method does not make you cheap — it makes you practical. Frugal gifts often avoid waste and overspending and can be just as meaningful (if not more so) as any other present.
With the National Retail Federation predicting each consumer this holiday season to spend upwards of $1,000 on holiday gifts amidst an economic recession —this year might be the perfect time to reconsider your spending budget. We've formulated the ultimate list of frugal gift-giving ideas to get you started.