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Why there are so many fake job postings

08/22/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

In the modern world of work, finding a suitable job is often a challenging task. In addition to high competition and increasing demands from employers, job seekers also have to contend with another problem: the rise of fake job postings. These fake job postings can be harmful to both applicants and companies. In this article, we take a closer look at why there are so many fake job postings these days.

Fraudulent intentions:

One of the main reasons fake job postings are popping up is due to fraudulent intentions. Scammers use fake job postings to harvest personal information from job seekers, such as identity theft or credit card fraud. In some cases, applicants are even asked to pay a fee to apply for a supposed job that doesn't exist.

Data and information theft:

Employers are often looking for talent to hire at their companies. In doing so, some companies may use fake job postings to obtain valuable information about their competitors. Applicants may unknowingly disclose sensitive information that is then used by dishonest companies for their own purposes.

Image and brand abuse:

Some fake job postings are created by scammers to abuse the image of reputable companies. By using well-known company names, they try to gain the trust of applicants and deceive them. This can not only damage the reputation of the company in question, but also cause confusion among applicants.

Collecting applicant data:

Some companies use fake job ads to build a database of potential applicants. This data can later be used for other purposes or even sold. It is important for applicants to be careful about who they disclose their personal information to.

Test runs for internal purposes:

In some cases, companies might create fake job postings to test internal processes. This may be the case when a company wants to improve its recruitment process but has no real positions to fill. This practice is controversial, as applicants may invest time and effort without receiving real job opportunities.

How can applicants protect themselves from fake job postings?

Verify the source of the job posting: research the company and the contact information provided to ensure it is a reputable employer.

Do not disclose personal information: reputable employers will not usually ask for sensitive data such as social security numbers or credit card information early in the application process.

Pay attention to spelling and grammar: Often fake job postings contain errors and inconsistencies that can indicate their authenticity.

Use trusted job portals: Use well-known job boards and career platforms to increase your chances of finding legitimate offers.

Conclusion:

Fake job postings are an unfortunate reality in today's workforce. Applicants should be vigilant and aware that not all job postings are legitimate. By being mindful and using common sense, potential victims of fraud and data abuse can better protect themselves and increase their chances of finding genuine and rewarding career opportunities. At the same time, it's important that companies proactively address misuse of their brands to maintain the trust of applicants and customers.

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ChatGPT in public relations - These application areas exist

08/22/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Chatbots like ChatGPT find various applications in public relations (also called public relations or PR). Here are some examples:

Customer communication: chatbots can be used on websites or social media to interact with customers, answer questions, offer support, and provide information about products or services.

Crisis communications: during a crisis or emergency, chatbots can be used to communicate quick and consistent information to the public. This can help curb rumors and maintain people's trust.

Media inquiries: chatbots can help journalists and members of the media quickly access press releases, fact sheets, or other relevant information.

Event announcements: Chatbots can be used to announce events, webinars, conferences, or press conferences and register interested attendees.

Content dissemination: Chatbots can help journalists and media representatives quickly access press releases, fact sheets, or other relevant information.

Content dissemination: chatbots can share content such as blog posts, articles or updates via social media to increase the reach and visibility of PR content.

Market research: chatbots can gather feedback from customers and target audiences to gain insights into their opinions, concerns and desires. This information can be used to adjust PR strategy.

Image cultivation: Chatbots can help promote a positive image of a company or organization by continuously sharing positive information and stories.

Personalization: by analyzing user behavior and interests, chatbots can provide personalized recommendations for content or products, deepening the relationship between the organization and its target audience.

Storytelling: Chatbots can tell stories or provide interactive experiences to increase audience engagement and deliver brand messages in an entertaining way.

Data collection and analytics: chatbots can collect valuable data about user behavior, interactions, and preferences that can be used in PR strategy and market research.

Follow-up and tracking: After press releases or articles are published, chatbots can be used to perform follow-ups to see how well certain messages are being received or if there are any queries. The chatbots can also be used to track the response of users to a press release or article.

It's important to note that while chatbots can provide many public relations benefits, they also need to be implemented carefully to ensure they provide relevant, useful, and authentic interactions.

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Despite the economic downturn, digital advertising continues to grow. PwC study forecasts revenues of US$663 billion from digital advertising by 2027

08/22/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Despite economic uncertainties, the digital advertising industry remains on an impressive growth trajectory. According to a recent study by PricewaterhouseCoopers (PwC), global digital advertising revenues are expected to reach $663 billion by 2027. This encouraging scenario will particularly benefit companies that specialize in AI-powered solutions to automate and optimize digital marketing activities.

Last year, digital advertising proved to be a definitive growth factor in the entertainment and media industry. According to PwC's "Global Entertainment & Media Outlook 2023-2027," global revenues in this segment rose 8.0 percent to $484 billion in 2022. Although the pace of growth is expected to slow slightly in the coming years, the general upward trend will remain. PwC's estimates suggest that global Internet advertising revenue in the entertainment and media segment could grow at a compound annual growth rate of 6.5 percent through 2027, representing potential revenue of $663 billion.

Despite economic uncertainties, the digital advertising industry remains on an impressive growth trajectory. According to a recent study by PricewaterhouseCoopers (PwC), global digital advertising revenues are expected to reach $663 billion by 2027. This encouraging scenario will particularly benefit companies that specialize in AI-powered solutions to automate and optimize digital marketing activities.

Last year, digital advertising proved to be a definitive growth factor in the entertainment and media industry. According to PwC's "Global Entertainment & Media Outlook 2023-2027," global revenues in this segment rose 8.0 percent to $484 billion in 2022. Although the pace of growth is expected to slow slightly in the coming years, the general upward trend will remain. PwC's estimates suggest that global Internet advertising revenue in the entertainment and media segment could grow at a compound annual growth rate of 6.5 percent through 2027, representing potential revenue of $663 billion.

The positive forecast is based on the adaptation of advertising practices to the time customers spend on social media platforms, in apps, on retail platforms and on gaming websites. Digital advertising is becoming smarter, more efficient, more targeted, and more focused on specific incentives to buy.

The growth in digital advertising is expected to continue

An additional growth driver in the digital advertising industry is artificial intelligence (AI). The study by SRH Berlin University of Applied Sciences shows that almost 95 percent of the marketing managers surveyed are convinced that AI will play an increasingly important role in marketing tasks in their companies. AI makes it possible not only to generate advertising content on platforms such as Amazon, Google, Facebook and Microsoft at lightning speed, but also to adapt it optimally to the individual needs of the user.

The digital advertising industry is thus not only demonstrating resilience in the face of economic turbulence, but is also being strengthened by innovative approaches and technologies such as artificial intelligence. This opens up opportunities for companies to benefit from continued growth and offer advanced solutions for the changing world of digital advertising.

In the past year, digital advertising proved to be a significant growth factor in the entertainment and media industry. According to PwC's "Global Entertainment & Media Outlook 2023-2027," global revenues in this segment grew 8.0 percent to $484 billion in 2022. Although the pace of growth is expected to slow slightly in the coming years, the general upward trend will remain. PwC's estimates suggest that global Internet advertising revenue in the entertainment and media segment could grow at a compound annual growth rate of 6.5 percent through 2027, representing potential revenues of $663 billion.

The positive forecast is based on the alignment of advertising practices with the amount of time customers spend on social media platforms, in apps, on retail platforms and on gaming websites. Digital advertising is becoming smarter, more efficient, more targeted, and more focused on specific incentives to buy.

The growth in digital advertising is expected to continue

An additional growth driver in the digital advertising industry is artificial intelligence (AI). The study by the SRH Berlin University of Applied Sciences shows that almost 95 percent of the marketing managers surveyed are convinced that AI will have an increasing significance for marketing tasks in their companies. AI makes it possible not only to generate advertising content on platforms such as Amazon, Google, Facebook and Microsoft at lightning speed, but also to adapt it optimally to the individual needs of the user.

The digital advertising industry is thus not only demonstrating resilience in the face of economic turbulence, but is also being strengthened by innovative approaches and technologies such as artificial intelligence. This opens up opportunities for companies to benefit from continued growth and offer advanced solutions for the changing world of digital advertising.

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Plagued by job frustration: One in two job changers quits within a year, as XING study suggests

08/22/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

According to a recent study by the jobs network XING in collaboration with the market research institute Appinio, every second German quits his job within the first year. The reasons for this frustrating trend not only shed light on individual motives, but also reveal deeper problems in the local work culture.

There is often a wide gap between expectations and reality. Around three quarters of people in Germany have already been dissatisfied with a new job at some point, the study shows. But what is particularly remarkable is that 80 percent of those surveyed who quit their job in the first year do not regret this step. This apparent contradiction suggests a complex tension between working conditions and personal feelings.

The study identifies two main reasons for early quits: A salary perceived as too low and dissatisfaction with the manager. Both factors were cited as driving motives by 43 percent of respondents. Likewise, inappropriate or poor team cultures (34 percent) contribute to employees leaving their jobs early.

But it is not only financial aspects that influence job satisfaction. Dissatisfaction with work tasks (34 percent), excessive stress levels (30 percent) and excessive overtime (26 percent) also play a significant role. Dr. Julian Stahl, labor market expert at XING, emphasizes that it is often a combination of reasons that causes employees to change jobs after a short period of time.

Interestingly, differences between genders and generations emerge. Men are more likely to feel moved to quit because of a salary that is too low, while women have more nuanced motivations, such as dissatisfaction with their manager or the team culture. Generation Y is more inclined to quit early, while older generations such as baby boomers tend to hang on longer.

The consequences of this turnover should not be underestimated. In addition to personal consequences for employees and employers, the high number of early terminations leads to additional effort and costs. Dr. Julian Stahl emphasizes the "economic damage" caused by these frictional losses.

However, the study also offers possible solutions. Personalized job searches via XING, for example, enable users to communicate their wishes and requirements for an employer in a more targeted manner. This should help to ensure that candidates and employers are a better match. Active and passive job seekers alike can benefit from this new feature.

At a time when the job market is becoming increasingly dynamic, employers should be more responsive to the needs of their employees to minimize turnover. Ultimately, the study shows that better alignment between employees and employers not only promotes individual satisfaction, but also the country's economic stability.

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Inflation 6.2%: Inflation Rates and Effects on Different Income Levels

08/22/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Analysis of price developments and their impact on different income groups

Recent inflation rates of 6.2% highlight the economic challenges consumers are facing. However, the impact of inflation is not the same for all income groups. A detailed analysis, which takes into account the weighting of expenses for different categories, shows how different the burden can be depending on the income level.

Housing costs: A significant part of the budget

For incomes of €1500, €2000 and €2500 net, housing costs take up the largest part of the budget, which is weighted at 33%. The costs for rent, mortgages or ancillary costs are therefore decisive for the standard of living. With an income of €1500, the housing costs already account for €495, which represents a significant part of the budget. With higher incomes, this amount increases accordingly.

Transport: increasing mobility costs

The Transportation category, with a weighting of 13%, includes vehicle, fuel and transportation costs. With the recent price hike of 6%, people on lower incomes in particular may feel an increase in mobility costs. With an income of €1500, this corresponds to an additional charge of €11.70 per month.

Food and beverages: Basic needs more expensive

Food and beverage spending (10% weighting) is critical for all income groups. With a price increase of 11% compared to the previous year, consumers can budget for higher expenses for their basic needs. With an income of €1500, this means additional monthly costs of €16.50.

Entertainment and culture: Leisure activities are becoming more expensive

The entertainment, leisure and culture category (11% weighting) also shows price increases of 6%. Spending on activities such as cinema, concerts or sporting events could increase. With an income of €1500, this corresponds to a monthly additional burden of €9.90.

Impact on different income brackets

The above examples illustrate how inflation affects different income brackets. Lower-income people tend to be more affected by price increases because they have to spend a larger proportion of their budget on basic needs. An increase of 6.2% in different categories can result in additional monthly expenses of around €60 for an income of €1500, while the impact is less noticeable for an income of €2500.

It is important to consider these differences in the burden of inflation when policymakers and economists analyze the impact of price increases. Managing inflation and implementing policies to support lower-income households can help offset the financial burden and mitigate social inequalities.

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