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Salesforce CEO Marc Benioff only had one failed startup: at age 13, but it put him on the path to being a billionaire (CRM)

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Salesforce CEO Mark Benioff

  • Salesforce founder Marc Benioff's LinkedIn profile has just three entries: Apple intern, senior vice president at Oracle, CEO of Salesforce.
  • But his tech career actually started when he was just a kid, he recently said on stage during his company's developer's conference.
  • That's when he experienced his one and only failed startup.
  • But that startup led him to his first computer ... and the rest is history.


A lot of people know that Marc Benioff, the billionaire cofounder CEO of Salesforce, founded his first software company, Liberty Software, at age 15.

But most people don't know that he actually started his first tech company even earlier than that, when he was just around 13 years old, he recently told me on stage during the company's TrailHeaDX developer's conference.

The company was set up to fix CB radios. He had been learning about them at the local Radio Shack. "But, it didn't scale," he joked. "It didn't work. There are a lot of reasons why. My grandmother felt I had the wrong pricing model."

In any case, his junior-high company stands as his one and only failed start up. One day, while in the Radio Shack, still eagerly learning about CB radios, he saw his first computer, made by Radio Shack.

He was "fascinated," he said, and wanted to buy one, so his grandmother struck a deal with him: she would pay for half if he earned the other half. He got a job cleaning cases for a jewelry store near the Radio Shack and earned the money.

He was hooked

He bought the computer and taught himself to code on it, writing a program called "How to Juggle." Benioff can still, to this day, juggle in real life, he said (but he declined to give a demonstration).

And he sold the program for $75 to a computer newsletter for Radio Shack computer users.

That was it. He was hooked. The computer software business was for him. 

Benioff went on to buy an Atari and write games for it with his next company, Liberty Software. He did that through high school and college. In fact, by age 16, his programs were earning royalties of $1,500 a month, enough to pay for college.

And in college, instead of studying computer science — he never took any computer science classes —  he studied entrepreneurship. 

But he didn't give up coding. In college he grew enamored with Apple's Macintosh computer, and he was trying to write programs for it using the assembly language. But assembly didn't work very well. "And so when I complained to Apple, they actually hired me to come up for a summer and fix their assembly-language system, which was cool as an intern," Benioff recalled on stage.

From coding to selling

After college, he grew more interested in sales and marketing, and got so good at it that he became one of Oracle's youngest vice presidents ever. From there he launched Salesforce.

Benioff's LinkedIn CV has just three entries: Apple intern, senior vice president at Oracle, CEO of Salesforce.

He no longer writes software, not even for fun, but his old Atari games have found a strange new life, he said. 

"Somebody has taken all my games and things that I wrote, and they made YouTube videos of all of my games," he said.

The YouTuber also rated the games, liking some, and not liking others. The person even posted a game that Benioff never really got to work, he said. "I had written this Atari cartridge called Flapper, and my grandmother had written the music for it. And it's on a cartridge in my garage, and I'm like, ... 'This is incredible. Everything is on YouTube."

Here him tell the full tale of his failed startup and his first company starting at 16:01 below:

 

SEE ALSO: Before he was the CEO of a $75 billion company, Marc Benioff was a teenage video game entrepreneur — check out his old games

SEE ALSO: Now is an 'opportune' time to land a job at Facebook, one of the company's top recruiters says

Join the conversation about this story »

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You could sleep better if you're nice to your work colleagues — or worse if you aren't

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work friends colleagues coworkers talking happy

  • Being pleasant to people at work has a number of benefits.
  • Another to add to the list is it can make you sleep better.
  • New research has shown that people stress about their work behaviour when they are at home in bed.
  • If they do this often, it can lead to insomnia.


Some people are fortunate enough to call their colleagues their friends. Others aren't so lucky.

Whatever your situation, it makes sense to be nice to the people you work with, because it means they're more likely to help you out. Also, it makes the working day more enjoyable.

According to new research, published in the Journal of Applied Psychology, behaving well at work also has another surprising benefit — it can help you sleep better.

Researchers from the University of Iowa asked 600 workers in the US and China about their workplace behaviour and sleep quality in three studies.

In two of the studies, the employees reported their counterproductive work behaviours over ten work days, such as inappropriate behaviour, anger, aggression, gossiping, and blaming others. They also reported how they felt when off work and how well they slept.

Results showed how being more counterproductive at work made people think about work in the evening, which could lead to insomnia.

In the third study, employees had to recall how they behaved at work in the past. Those who were asked to think back to bad behaviour had more trouble falling asleep than those who reminisced about more routine things.

Overall, the researchers concluded that acting badly at work significantly affected participants' thoughts in the evening, which in turn caused problems sleeping.

"After people engage in bad workplace behaviors, they come to realise such bad deeds threaten their positive moral self-image, which creates stress," said Zhenyu Yuan, a management and organisations doctoral student at UI, and lead researcher of the study. "As a result, they may keep ruminating over their stress from work, and thus have trouble falling and staying asleep at night."

He added that managers could help reduce counterproductive behaviours of their staff, as employees who don't get enough sleep are less engaged, less productive, and have an increased risk of getting injured.

SEE ALSO: 8 reasons why you should always say 'good morning' to your coworkers

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18 of the highest-paid jobs you can get working for the Royal Family

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guards

Are you obsessed with the Royal Family?

Have you always wanted to have Her Majesty the Queen as your boss?

Then today's your lucky day, because there are currently a number of jobs — with decent salaries — up for grabs at the Royal Household.

Whether you're a butler or you manage the social media, you work at Buckingham Palace, Windsor Castle, or St. James's Palace, there are a whole range of departments to work in, meaning there's likely to be a role perfectly designed for your skill set.

Here are 18 jobs that currently exist at the royal homes — as well as which skills you'll need to apply for them — ranked in ascending order by salary.

Trainee butler — £15,000 per year

In 2011, the Queen advertised for a trainee butler to be based at Buckingham Palace, with two months away at other royal residences including Balmoral and the Palace of Holyroodhouse, according to The Daily Mail.

Although the starting salary is low, accommodation is provided, and the training is incredibly valuable — butlers can earn up to £100,000 a year in in the private sector, according to The Independent.



Live-in pot washer — £17,000 per year

Last year, Buckingham Palace posted an ad for a live-in pot washer who would be given a room in the palace grounds, according to The Telegraph.

The job advertisement said: "You'll assist the team by maintaining the wash-up environment, ensuring our chefs and assistants have all they need to deliver hundreds of staff meals every day."



Assistant gardener — £18,000 per year

Bagshot Park lies just south of Windsor, and is the current home of the Earl of Essex Prince Edward, and Sophie, Countess of Wessex.

The assistant gardener job is 40 hours per week, Monday to Friday, and lunch is provided. You'll be helping to maintain the gardens and grounds — all 210,000 square metres of it — by mowing the lawns, tending to the terrace and formal areas, growing fruit and vegetables, as well as maintaining the ponds and a pine tree forest.

If you think this position is for you, and you have a passion for gardening, you can apply here.



See the rest of the story at Business Insider

One of Goldman Sachs' top investment bankers shares his advice for getting ahead in the industry

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Goldman Sachs

  • Goldman Sachs' co-head of investment banking John Waldron was asked how to get ahead in banking in 2018.
  • One of his key pieces of advice for young bankers is to take a global approach and not focus on a single place or region.
  • "I’d recommend spending more time understanding the world, more time traveling around and studying the non-U.S. part of the globe," Waldron said.


Based on our annual Ideal Employer survey of more than 6,000 financial services professionals worldwide, Goldman Sachs has placed first as the firm that respondents most want to work for globally.

Each year, Goldman Sachs hires between 7k and 9k people, including experienced hires, full-time campus hires and summer intern hires. Typically, roughly 40% are experienced hires, while 60% are full-time campus hires and summer interns.

The bank maintains an active presence on the campuses of target universities. Goldman’s first-round campus interviews for undergrads take place through a pre-recorded video interview, enabling candidates to choose when and where they interview, without interrupting their school day. The firm says video interviewing has significantly increased the number of applicants it is able to invite to the interview process around the world.

We spoke with John Waldron, the co-head of the investment banking division at Goldman Sachs. He joined the firm in 2000 and was named managing director in 2001 and partner in 2002.

How has working in M&A at GS changed during your career?

The M&A market has changed a lot. Principally it’s become a lot more global. The consolidation of various players means that the industry has become very cross-border in nature, with M&A activity involving many companies not domiciled in the U.S. M&A advisory bankers have to understand a global world, challenges, issues, geopolitics, culture and regulatory structure, so it’s more complicated now. It was a U.S.-dominated business when I started.

There is more activism and active shareholders generally, so when you think about giving advice to companies, you have to think long and hard about shareholder reactions, which makes it more complex. On the other end of the spectrum, there are more passive investors hugging indexes such as ETFs, so the dynamics are different and more complex.

What would you tell your younger self?

Speaking to my younger self, I’d recommend spending more time understanding the world, more time traveling around and studying the non-U.S. part of the globe. I spend a lot more time thinking about that today than I did when I was 25 years old.

How do the expectations of young people going into banking now differ from the expectations you had when you were younger?

Most young people today have an expectation to move faster and work on things that are more relevant more quickly so that they get more value out of their experience. When I was starting, I did what I was told and assumed it would add up to something, and I didn’t ask a lot of questions. I didn’t assume every little thing I had to do would be meaningful – I trusted that it would add up to success.

Today young people want to work on things that will find their way into a meeting or discussion with clients that really matters. They don’t want to work on things that will end up on the shop room floor. They have more desire to have an impact and substantive interactions at an early stage of their careers.

They demonstrate more intellectual curiosity than we showed, to be honest. Whether it’s due to technology, I can’t put my finger on it, but the younger people that we hire and I spend time with are extremely intellectually curious, they ask a lot of questions, and they want to know answers. They care about a lot of things, with a much broader focus. I was narrower, just focused on what was in front of me and getting it done, rather than the context of how it would be used over time.

That’s a good thing – it’s a more impressive group compared to me and my peers at that time.

What do you to relax?

I have six children, so most of the time not spent at Goldman Sachs or with clients or other responsibilities associated with my job, such as philanthropic activity, I spend with my children. My relaxation is embedded in hanging out with my kids. With my older kids, it’s sports or cultural activities; with my younger kids, it’s throwing the football in the park or taking them to a playdate. Aside from spending time with my family, I don’t have time for much else, but I do love to ski, golf and be outdoors.

How long does it commonly take to make vice president in IBD at Goldman Sachs now? What differentiates people who get promoted quickly?

Typically it would be six or seven years to make vice president in the IBD, if you’re talking about starting as an analyst out of undergraduate school. If you joined as an associate out of business school, it would be more like three or four years.

Mastery of the analytics is a baseline element – the raw ability to understand analytics, execute on them and be able to communicate them. That’s fundamental. For someone to end up at a VP level, they’d need experience running projects, working on transactions, meeting with clients and explaining a solution or a judgment.

[Investment banking associates who get promoted to VP] marry strong analytical capabilities with great people skills – the ability to interact with clients at a high level. Lots of people have one or the other. Whatever the weaker side is, you have to develop that before moving forward. People who have developed both earlier in their career at a high level may be promoted sooner. You have to communicate analytical insights in a way that clients absorb well and be someone a client wants to work with.

Would you say that Goldman’s policies to cut working hours have changed the way juniors work?

The protected Saturday policy that we put in place two years ago, essentially saying that Saturday is a day off unless there is an extreme exception, is one thing we’ve done that’s had a material positive impact, partially because it reduced the hours, but more because it changed behavior. It forced the senior people to be more organized and deliberate on the work that had to be done for the following week. If there was a deliverable due the following Tuesday, without this policy, the time of juniors was not as focused. The senior banker would give them the outline of what he or she wants them to do on Friday, and they’d work the entire weekend, the senior bankers would look on Monday and be ready for the Tuesday meeting. This new policy forces the senior bankers to think about the outline earlier in the week, which has had a cascading effect on behavior, and that’s a good thing.

We’ve also developed a lot of tech tools to create a more efficient workflow- we automated mechanical processes that we tended to do manually and designated the more rote parts of those processes to be automated. We try to get juniors to spend more time on things that matter and are value-added for clients, versus process elements that could be automated. That’s an important piece, and we’re still working through it.

Third, we try to create more mobility, which is one of the major assets of our firm. It’s broad, there are lots of products, lots of geographies, an enormous reach, and lots of businesses. What would make you stay at Goldman Sachs longer? People get restless and want to try new things, so we want to give [employees] the ability to move around so they have options to deploy their skills and do different things. We want to give people a chance to take advantage of other opportunities within the bank before maybe doing something else down the road.

How would you say the automation of the investment banking division is likely to affect jobs in M&A in future?

I’m less inclined to predict that it will fundamentally change headcount – I don’t think it will be a job destroyer. Automation will allow us to be sharper with the advice we give and spend more time on value-added components. For clients wanting a comparison on how stocks trade, a spreadsheet used to be the valued-added piece, but most people could pull that off on an iPhone today. The ability to create that analytic would’ve taken 10 or 20 hours years ago, but now you can do it in less than an hour.

What does it mean? Investment bankers’ jobs are not just about producing spreadsheets. As that kind of thing gets automated, it ends up that people are spending more time on strategy and higher-level responsibilities.

What do you enjoy most about your role? And what could you do without?

What I enjoy most is undoubtedly the people I get to work with, who are enormously talented and very diverse up and down the organization. I can’t imagine a place where I would get to interact with so many people with experience in so many areas who are masters of their trade. Our young people have tons of energy and are intellectually curious – there’s an opportunity to shape and mold them and keep them here. That’s exciting.

I could do without bureaucracy. Committee meetings take a lot of time and energy, and some of that is unavoidable. There’s also the residue of the financial crisis, and there are lots of regulatory requirements with regulators paying extra attention to things that needed to be focused on. I hope legislators try to find ways to skinny that down to as we try to be more growth-minded now.

Join the conversation about this story »

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The CEO of a banking startup reveals how hard work and long hours spurred his company to a $1.7 billion valuation in less than 3 years

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Revolut cofounders Vlad Yatsenko, left, and Nikolay Storonsky

  • Revolut, the London-based banking startup founded in 2015, is now valued at $1.7 billion.
  • Revolut's CEO Nikolay Storonsky is known for instilling his company with a rigorous work ethic. 
  • Revolut employees typically work 13 hour days and over the weekend. While this might be a contributing factor to Revolut's success, some employees say the long hours are taxing. 

Revolut CEO Nikolay Storonsky is a strong believer in hard work.

Since his company's launch in 2015, the Russian-born founder has spurred his company's worth to a valuation of $1.7 billion, and he says he owes it all to his rigid work ethic.  

Storonsky's conception of work contradicts Silicon Valley's quixotic, often non-conformist values; the founder has long attributed the rapid growth of his London-based banking startup to late hours and tenacious diligence. 

In an interview with Business Insider last year, the founder said that Revolut's underlying company ethos is all about "getting shit done."

At Revolut, employees often work 13 hours a day, Storonsky said. While these hours aren't formally enforced, Storonsky said that he hires people who are "really motivated...and as a result, they work long hours." Work days have a tendency to spill over into the weekends, as well, the founder said. 

While the vast majority of Storonsky's own time is devoted to his company, the founder said that he still allows time to sleep (around five hours a night) and enjoys a single leisure activity: kite-surfing. 

Storonsky's diligence has paid off. His company, which provides a mobile banking platform, announced on Thursday that it raised $250 million in new capital, bringing the company's worth to nearly $2 billion. The company now says the app has crossed 2 million users around the world, with 250,000 daily active users.

And while Revolut's success relies on its employees' dedication, as Forbes points out, its demanding hours might be wearing workers thin. A glimpse at the company's recent Glassdoor reviews reveals that a few purported employees are unhappy with the company's culture, with one former employee calling it "Not the place for you if you value your mental health,” Forbes notes.

Another Glassdoor reviewer writes, "Avoid like the plague if you are at least somewhat experienced" and said that work/life balance was non-existent. Another reviewer describes Revolut's long hours as "quite bad."

"It is impossible to have a normal 9-5 shift," they said.

Join the conversation about this story »

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Business Insider Intelligence is hiring a Senior Research Analyst

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coworkers work team happy office cultureJob Description

We’re hiring a Senior Research Analyst to lead Business Insider Intelligence’s Apps & Platforms team from our New York office. At Business Insider Intelligence, we’re passionate about making market research that industry leaders use to make strategic decisions. To accomplish that goal, we hire great writers with an unrelenting curiosity to uncover the deeper truths in industry news and craft them into compelling narratives on what the future will look like and what companies can do to get there first.

This is a role for someone with 3-5 years of relevant work experience, who is passionate about emerging tech, loves to write, and enjoys developing team members.   

About Business Insider Intelligence

Business Insider Intelligence is Business Insider’s real-time, premium research service focused on digital disruption. We publish market data, trend analysis, and proprietary survey data for executives in many industries.

Desired Skills & Experience

  • Deep knowledge of major tech, telecom, and mobile trends

  • Significant experience breaking down complex topics and writing about them clearly and concisely

  • Experience managing, training, and mentoring team members

  • A knack for interpreting data as well as telling stories visually

  • An insatiably curious disposition and drive to find your own answers

  • Experience presenting and speaking at conferences or on panels, or the desire to further develop these skills

  • 3-5 years of professional writing / research experience

  • Proficiency working with data and with MS Excel and PowerPoint

If this is the right opportunity for you, please apply online and tell us why you're a good fit for the role.

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Insider Inc. is hiring an Operations Coordinator

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coworkers office meetingJOB DESCRIPTION

Insider Inc, the fastest growing digital news publication in the world, has an exciting opportunity in our New York office. We’re looking for someone with office, operations, or administrative experience for this Operations Coordinator role.

The position requires an individual with vendor relations and facilities coordination experience who is capable of managing multiple priorities in a fast-paced environment. The candidate should be a natural problem-solver who likes to keep things organized and is always looking for the next way to help. In addition, applicants should be comfortable with Mac products, Google Apps, and tech troubleshooting (printers, appliances, some computer problems, etc.). Applicants should also be comfortable with lifting fifty pounds and moving light office equipment and furniture such as desks and chairs.

The ideal candidate is a detail-oriented team player with good analytical and problem solving skills, strong written and verbal communication and interpersonal skills, and a service-oriented attitude.

With a steady growing team of employees at Insider Inc, the ideal candidate for this role would understand the importance of carrying out office support tasks with a smile on her or his face and a determination to make the work environment the best it can be. Please include a brief cover letter addressed to Caitlin Harper with your application to let us know why you're a good fit for this position.

Responsibilities:

  • Be the first point of contact for facilities issues and escalate to the building or senior staff as necessary

  • Source new vendors and maintain relationships with current food and office supplies vendors

  • Find cost-effective ways to make the office run more efficiently

  • Keep an eye on conference rooms, meeting spaces, and other general areas to ensure furniture, supplies, and equipment are in good working condition

  • Troubleshoot and create guidelines/directions for appliances such as copy machines, coffee makers, dishwashers, etc.

  • Help manage mailroom and sign for mail/packages

  • Recognize and escalate more difficult problems to senior staff

  • Be able to troubleshoot/Google a problem and solve it quickly

  • Work with manager to create a fun company culture through various office activities/events

  • Fill in for office coordinator for kitchen/office supplies restocking as necessary

Desired skills & experience

  • BA/BS degree and/or equivalent education and office experience

  • Solid knowledge of Mac products and excellent Google Apps skills

  • Well-developed problem-solving skills with the ability to discern alternatives and make objective recommendations

  • Detail-oriented, organized, and able to multi-task and prioritize

  • Ability to work effectively and communicate with multiple departments that have a wide variety of needs for their teams

  • Great attitude, sense of humor, and a willingness to learn

If this is the right opportunity for you, please apply here.

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College grads should have a relatively stress-free job search this year — but economists worry for the Class of 2019

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stanford university graduation commencement


 

Unemployment in the US fell below 4% in April for the first time since 2000, Business Insider's Akin Oyedele reported.

US companies also added jobs for a record-setting 91st consecutive month in April, according to Friday's monthly jobs report released by the Bureau of Labor Statistics.

The unemployment rate for college grads aged 25 and older is just 2.2%, Mark Hamrick, Bankrate.com's senior economic analyst, told Business Insider. 

That's cheery news for everyone, especially the college graduates who are looking for their first full-time job.

"For the college class of 2018, this year's employment outlook, broadly speaking, is bright," Hamrick said.

There's plenty of room for new job seekers in the market, Ellen Zentner, chief US economist at Morgan Stanley, told The New York Times on Friday

"I love it," Zentner told the Times. "We were able to create enough jobs to accommodate new seekers and keep the unemployment rate steady."

Some job markets are more flush than others. Hamrick pointed to the typical hubs like San Francisco, New York, and Los Angeles as excellent cities for new graduates to look for jobs, as well as Washington, D.C., Seattle, Houston, and Austin. 

And, not surprisingly, as LinkedIn reported in December, "tech is king."

Machine learning engineer, data scientist, sales development representative, and customer success manager were all highlighted as the top emerging jobs in LinkedIn's December report.

unemployment April 2018

But the explosive job growth we've seen since the end of the Great Recession could soon wrap up, Hamrick said.

"The economic expansion is nine years old this summer," Hamrick told Business Insider. "As the expansion becomes more mature, it's a natural byproduct that the number of jobs being added is lower."

The number of jobs being added each month has been on a downward trend. The U.S. added 164,000 jobs in April, compared to an economic forecast of 193,000, according to Bloomberg. It's also the lowest April job growth seen since 2012, according to BLS data.

The median amount of jobs added per month for the first four months of 2018 was 170,000, according to the BLS dataset. That's the lowest growth over the same time period since 2010. 

Hamrick said that means the Class of 2019 and beyond can't simply rely on an economic upswing for a good job — they'll need to invest in their skills.

"Beyond the classroom, most employers want prospective employees who've had work experience," Hamrick told Business Insider. "Soft skills matter, meaning possessing the ability to consistently show up to work on-time, being able to hold a constructive conversation or interaction with others and being a congenial team member or even a leader."

SEE ALSO: A hidden gauge of the jobs market is approaching historic lows — and it reveals the most underrated story of the US economy

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How to write a resignation letter without burning bridges

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res letter highlight

  • A resignation letter is one of the first steps to quit your job.
  • A letter of resignation gives you a paper trail to indicate your last day and how you'll help the transition.
  • The letter also provides a way to thank your boss and maintain positive relations with your old company. 

 

You've found a killer new job and it's time to bid farewell to your current gig.

First, sit down with your boss and let him or her know that you're leaving. (Here's how to do that.)

Then, it's time to put your departure in writing. Whether it was an awesome company or one that you're totally dying to leave, you'll need to write a resignation letter. 

But how do you write a resignation letter? It doesn't need to be a summary of your entire employment history, job coach Lea McLeod told Business Insider's Áine Cain in 2017. "It needs to be simple, straightforward, and to the point," McLeod said. 

It's really just a "formality" after you've had the initial conversation with your boss, Tim Vipond, CEO of the Corporate Finance Institute, told Business Insider.

"It would be quite awkward if you just emailed them or gave them a letter without talking to them first," Vipond said. 

So, keep the letter brief. You can provide feedback on the company in a one-on-one with your boss or coworkers.

You'll need to include the following for a stress-free offboarding process: 

  • Your name
  • Your job title
  • A notice of resignation
  • Your end date (usually two weeks from the date of the letter)

The following are optional, but good to include if you want to maintain the relationship with your old employer:

  • Information on how you'll train or help recruit your replacement
  • A thank you to your boss and the team

SEE ALSO: 6 tips to quit your job with grace

DON'T MISS: 15 things you should never say on your last day of work

1. Start with the basic, legal requirements of resigning

This is the only required portion of the resignation letter, Vipond said.

It's also the most important. It will establish your final day on the job to human resources and your boss.

If you have a contract with stipulations on your end date, reference that in this initial part of the letter.

Dear (boss' name),

Please accept this letter as a notice of my resignation from (your position). Per my employment contract, I am giving two weeks notice. My last day will be (two weeks from today).



2. Say how you'll help the transition

"The transition section is very helpful" to demonstrate your value to the company even as you're leaving, Vipond said. 

I will spend the next two weeks of my time at (company) completing all outstanding projects and ensuring that my replacement will be able to hit the ground running on day one. I'm available to aid in the transition in any other way before (last day of work).



3. End with saying thanks

While you certainly don't need to explore your entire time at the company, saying thanks and listing some of your accomplishments in the written notice is a good idea.

It has been a pleasure working with you and your team the past (amount of time you've been at the company). This was an incredible opportunity to build my career, and I will always cherish (two or three things you accomplished during this role). The lessons I've learned at (company), including (some skills you've learned at the job), have been valuable.

Thank you very much for the opportunities and support during my time at (company). I wish you and the team success and the best of luck, and hope we can keep in touch.

Sincerely,
(Your name)



See the rest of the story at Business Insider

A Microsoft HR director tell us which interview question reveals most about applicants

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Markus Köhler, Senior HR Director for Microsoft Germany

  • Senior HR director for Microsoft Germany, Markus Köhler, says Microsoft isn't just looking for top-notch IT skills when recruiting; the company also looks for a "Growth Mindset."
  • Microsoft interviews have up to seven stages, some involving panels of interviewers from various areas in the company.
  • He also reveals his toughest interview question and what it tells him about a candidate.


Microsoft regularly makes it to the top rankings for the most popular employers, but why?

One reason is Microsoft's progressive corporate approach and it's also partly down to the fact that employees are free to choose where and when they work.

But what is it you need to bring to the company to become part of the Microsoft family? Business Insider spoke with Senior HR director for Microsoft Germany, Markus Köhler.

Microsoft looks for applicants with a "Growth Mindset"

Like most tech companies, Microsoft is on the lookout for candidates with outstanding IT skills, who work well in a team and candidates who are creative problem-solvers. However, there's one characteristic that's even more crucial in the application process, according to Köhler:

"Of course technical know-how is important for a tech company like ours, but what's just as important — if not moreso — is your mindset," says Personnel Manager Markus Köhler. In the end, the main focus is on the potential a candidate has.

"We look for people with a 'Growth Mindset': people with curiosity and a willingness to develop further, people who want to learn over and over again," says Köhler. "Whoever comes to us also has to feel comfortable at the end of the day. We look for people who like change and can embrace it — people who are driven by it; not people who feel stressed out by it."

The German Microsoft headquarters in Munich

The right attitude isn't something you just pick up at university — and it's not easy to judge whether or not someone has it just by skimming through a CV. This is what makes personal contact all the more crucial: Microsoft conducts between four and seven interviews with each applicant before they receive a job offer.

How the interview at Microsoft works

Anyone who seems convincing enough on paper will be invited either directly to the first of multiple interviews with a recruiter or will be directed to an assessment centre. The interview panel usually consists of four to seven people from different positions in the hierarchy of the company and with different backgrounds. The interview lasts about an hour.

The decision is then taken unanimously. "If just one person in the panel says quite firmly: 'I can't see this working,' then it's an instant deal-breaker," says Köhler. This is the reason future colleagues and direct superiors are usually involved in the selection process together: if you can't convince all of them, you don't stand a chance — even if you have the best programming skills of all the candidates.

Köhler's toughest interview question

Köhler is also a regular member of the panel and is often there to select applicants.

"One of the most difficult questions I like to ask is: 'What was the biggest mistake of your career?' because, generally speaking, we have a culture where we dislike talking about our mistakes. This question very clearly reveals how a person manages and copes with failure," he explains.

The answer reveals not only whether you can admit to your mistakes but it also shows whether you've learned from them. Your response will demonstrate your aptitude for problem-solving as well as your ability to confront your weaknesses.

That is, after all, what makes a positive "Growth Mindset": the willingness to keep developing and learning.

SEE ALSO: The worst mistake you can make in the final round of a job interview

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Nearly 70% of flight attendants experience 'rampant' sexual harassment, according to a new survey

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  • Flight attendants are subjected to "rampant" sexual harassment, according to a survey by the AFA.
  • More than two thirds of flight attendants said they have experienced sexual harassment during their career.
  • However, just 7% reported this harassment to their employer.


For flight attendants, there are a lot of perks of the job, like travelling around the world. There are also some less glamorous secrets they will never tell you.

But you might not expect sexual harassment to be among the major problems. According to a new survey by the Association of Flight Attendants (AFA), sexual harassment is "rampant" in the industry.

The AFA surveyed 3,568 flight attendants from 29 US airlines, using the gender ratio which is consistent with national averages of 80% women to 20% men. Results showed that 68% of flight attendants had experienced sexual harassment at some point during their flying career.

About 35% said they'd experienced verbal sexual harassment. Of those, 68% said it had happened three or more times in the past year alone, and a third said it had happened five times.

Worryingly, 18% said a passenger had physically sexually harassed them in the past year. Over 40% of those participants said it had happened three or more times.

Participants of the survey described instances where passengers would make "nasty, unwanted, lewd, crude, inappropriate, uncomfortable, sexual, suggestive, and dirty" comments.

"They also report being subjected to passengers' explicit sexual fantasies, propositions, request[s] for sexual 'favors' and pornographic videos and pictures," said the union.

"While much of the coverage of the #MeToo movement has focused on high-profile cases in the entertainment industry and politics, this survey underscores why AFA has long been pushing to eradicate sexism and harassment within our own industry," said Sara Nelson, president of the AFA.

"The time when flight attendants were objectified in airline marketing and people joked about 'coffee, tea, or me' needs to be permanently grounded. #TimesUp for the industry to put an end to its sexist past."

Despite the high prevalence of harassment, just 7% of the flight attendants who experienced the abuse reported it to their employer. It could be because they don't trust their employer to do anything, as 68% of respondents said they haven't noticed any employer effort to address sexual harassment at work.

It's not just passengers flight attendants have to be concerned about, either. An article in Cosmopolitan in February collected stories from 12 flight attendants working for several different airlines. They described worrying, invasive behaviour from flight attendant colleagues and pilots.

One attendant called Alyssa said about one pilot: "He touched my hand and put it on his leg and said, 'This is my wallet, but don't be alarmed if you feel something else.' And he asked me if I was more attracted to him or the other pilot, both of which are in their mid-50s. While we were dancing, the other pilot actually tried to slap my butt too."

Pilots tend to be a close-knit group, and reportedly warn each other about flight attendants who might be less than agreeable.

"They can say they don't want you on their flight, or kick you off a flight, which means you don't get paid," another attendant said.

"It's time for all of us — airlines, unions, regulators, legislators and passengers — to put a stop to behaviors that can no longer be condoned," said Nelson. "The dignity and well-being of flight attendants and the safety of all travelers depend on it."

SEE ALSO: This is how to survive a plane going down, according to a pilot

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A headhunter reveals the 4 words that will make your job application stand out

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  • Nick Corcodilos, who has worked as a headhunter since 1979, has been helping applicants out with helpful tips on his website "Ask The Headhunter" since 1995.
  • He says that failure to state you want the job, despite how obvious it may seem, suggests you're not interested enough in working for the employer.
  • The headhunter revealed that one short sentence is they key to improving your chances of having your application considered.

 

Nick Corcodilos has been working in HR for years. He began working as a headhunter in Silicon Valley in 1979 and, since 1995, he's been giving helpful tips about job applications on his website "Ask The Headhunter".

In an article for the American TV channel chain PBS, Corcodilos revealed one short sentence will significantly improve the chances your application will stand out from the crowd: you just need to make it clear that you want the job.

"Failure to say you want the job indicates you don’t have enough interest in working for the employer," Corcodilos writes, "It’s a deal-breaker. "

You could argue that an HR manager will evidently know you want the job. You did, after all, send in an application. So why stress again that you want it? This way of thinking, according to Corcodilos, is fundamentally wrong. It's not something only seen among beginners, the headhunter explains. Even top managers aren't always aware of how important it really is to show you want the job.

He harks back to a sales executive who was looking for a job and who argued with Corcodilos that it's inappropriate to state clearly that one wants the job. He maintained that making such an explicit statement is awkward and that "it suggests the candidate has no class."

Corcodilos says: "What he didn’t realise is that employers usually value motivation and enthusiasm as much as expertise — if not more. And they want to hear it."

The success of your application hangs on just one sentence

"I want this job." These four words are one of the simplest and most basic requirements for an application, according to Corcodilos.

Some will have no problem dropping that sentence. Others will try to make it clear in their covering letter, rather than at the interview stage.

According to Corcodilos, however, the only right way to do it is to look the manager in the eye and say:

"I want this job. I hope I've convinced you that I can do the job and that I can do it well. I want to work on your team and would take a job offer from you very seriously."

That's the only way Corcodilos says you can stand out from the crowd.

Finishing an interview without letting the manager know you want a job offer is like playing basketball without ever shooting. You can't just dribble and pass; you have to throw.

SEE ALSO: HR director reveals the worst mistake you can make in the final round of job interviews

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The 10 professions with the most psychopaths

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Psychopaths are difficult to spot most of the time. They're not the "Jack the Ripper" caricatures you see in films or read about in books. Often, psychopaths appear normal, which makes them hard to identify.

In the Diagnostic and Statistical Manual of Mental Disorders, or DSM-5, someone with a psychopathic personality type is defined as having an inflated, grandiose sense of themself, and a knack for manipulating other people. But a diagnosis is rarely simple.

One thing psychopaths tend to have in common is the careers they go for. For example, you're likely to find a lot of them in leadership positions because of their ruthlessness, charisma, and fearlessness. They're very good at making snap decisions, but not so good at the empathetic professions like nursing or therapy.

Kevin Dutton, a British psychologist and writer, specialises in the study of psychopathy. In his book "The Wisdom of Psychopaths: What Saints, Spies, and Serial Killers Can Teach Us About Success," he made a list of the types of jobs that attract the most psychopaths.

"Functional psychopaths," as Dutton calls them, "use their detached, unflinching, and charismatic personalities to succeed in mainstream society." In other words, psychopaths often live as normal people with a few traits that make them different.

Scroll down to see what the top 10 career choices for psychopaths are, ranked in ascending order by popularity.

SEE ALSO: Psychopaths cannot be cured — here's why

10. Civil servant

Being a civil servant is the 10th most popular career choice for psychopaths, according to Dutton. In fact, in 2014, UK Government officials considered recruiting psychopaths specifically "to keep order," because they are "very good in crises" and have "no feelings for others, nor moral code, and tend to be very intelligent and logical."



9. Chef

Most psychopaths have no interest in harming others, so don't worry about the fact chefs have access to open flames and knives during their work day. Psychopaths thrive in chaos where other people may fail, which could be one reason they work so well in a hectic kitchen.



8. Clergy person

In a blog post for Psychology Today, FBI veteran Joe Navarro explains some of the reasons psychopathic people may go for a career in the Clergy. Among them are the fact religious organisations may provide a means for people to exploit others, while also giving legitimacy to their actions. Also, it is easy to make alliances, which can give manipulative people the upper hand in gaining access to sensitive information.



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Business Insider Intelligence is hiring Summer Research Interns

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meeting coworkersJob Description

We’re hiring summer research interns to join our team at Business Insider Intelligence.

The ideal Research Intern will have a deep interest in the tech industry, an excellent academic record, solid writing and analytical skills, and an entrepreneurial attitude.

BI Intelligence is a fast-growing research service from Business Insider. We offer insights essential to companies making strategic decisions across the mobile, digital media, e-commerce, Internet of Things, payments, and digital financial services industries. Our clients are Fortune 1000 companies, startups, advertising agencies, investment firms, and media conglomerates that have come to rely on our timely, forward-looking insights to keep atop of trends shaping the digital landscape.

What’s the job?

We're looking for candidates who have graduated university/college. The Research Intern will complete an 8-week program starting in June, which will enhance his/her knowledge of the digital landscape, grow his/her writing and analysis skills, and will culminate in a group project analyzing a top digital trend. 

Interns will work closely with our analyst teams, including Apps and Platforms, Internet of Things, Digital Media, Payments, E-Commerce, and Fintech, and be assigned a mentor, who will guide their progress.

Daily and weekly projects will vary, but may include:

  • Writing analytically on trends in the industry
  • Working with and analyzing data, and creating charts and data visualizations
  • Working on a group research project
  • Spending time with your mentor to discuss the digital industry
  • This is a great opportunity to get immersed in the fast-paced disruption happening across industries,  grow your writing, Excel, graphics, and communication skills, and learn about the research industry. This is also an opportunity to potentially have your work published.

Ideal candidates will have:

  • An entrepreneurial attitude
  • Willingness to go the extra mile
  • Diligence and persistence in researching
  • Ability to work in a team-oriented, fast-paced, and fast-changing environment
  • Attention to detail
  • Strong communication and writing skills
  • An interest in data-driven visual storytelling
  • Experience using MS Excel/PowerPoint

Those studying social science — including psychology, economics, sociology, and politics — and those with a strong background distilling data, research, and technical topics into compelling writing and persuasive analysis are encouraged to apply. Internships in market/consumer research, consulting, tech research, or relevant experience in a similar position are helpful but not required.

If this is the right opportunity for you, please apply online and tell us why you're a good fit for the role.

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Business Insider Intelligence is hiring a Research Editor

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boss employee work computerWe're seeking a motivated Research Editor with 3-5 years of work experience to join Business Insider Intelligence, Business Insider’s premium research service.

At Business Insider Intelligence, we’re passionate about making market research that industry leaders use to make strategic decisions. To accomplish that goal, we hire great editors with an unrelenting curiosity to draw out the deeper truths in industry news and craft them into compelling narratives on what the future will look like and what companies can do to get there first.

As a Research Editor, you’ll work closely with our analyst team, editing chart posts, daily briefings, and longer-form research reports, as well as other content. Research Editors play a key role in the development of our content and there is ample opportunity to advance and grow into a broader role.

Required Skills & Experience

  • Understanding of how to frame a story to speak to the needs of an enterprise audience

  • A passion for communicating big ideas and putting them in context

  • Exceptional attention to detail and knowledge of grammar and AP style

  • A strong grasp of the logic behind numbers and data

  • Superb organizational skills to help our team stay on deadline in a fast-paced environment

You’ve got to have a deep interest in the latest developments in tech to thrive in this role. Because Business Insider Intelligence is a highly collaborative environment, it’s also important that you have strong communication skills and the ability to work with all different kinds of people. Flexibility and a positive, can-do attitude is also a must, since your responsibilities will grow as you gain experience and show your stuff.

This role offers a great opportunity to straddle the media and research worlds and learn about the latest technology that is shaping the world around us. It’s an exciting place to be.

If this sounds like a great job for you, please apply and tell us a bit about why you're a good fit for the role in your cover letter.

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16 mind-blowing job perks that real companies offer

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We all hope to get basic workplace benefits such as health insurance and paid time off.

But some companies truly go above and beyond for their employees, offering perks that include valet parking, insurance for their pets, and money to travel the world.

Here are 16 of the wildest job benefits out there from companies like Airbnb, Netflix, In-N-Out, and more. 

 

 

1. Airbnb offers a $2,000 yearly travel stipend.

Airbnb gives its employees an annual stipend of $2,000 to travel ($500 per quarter) and stay in an Airbnb listing anywhere in the world, according to Business Insider.

"[The] $2,000 annual employee travel credit is amazing," one employee wrote on Glassdoor.



2. Google provides free food for every meal.

A well-known perk, Google provides employees with campus cafés, micro kitchens, and food options for every meal. 

One Google employee said on Quora that the free food "saves me time and money, and helps me build relationships with my colleagues."



3. Facebook offers valet parking.

The Silicon Valley tech companies have famously generous perks, and Facebook is no different.

The social media giant reportedly offers valet parking for employees at its Menlo Park headquarters, according to Business Insider, along with a free charging station for electric cars.



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10 jobs that won't exist 20 years from now

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  • The truth is, no industry is 100% safeguarded against the influence of technology.
  • Some workers, such as dispatchers, are more at risk of seeing their jobs become computerized than others.
  • Occupations that tend to be more routine and repetitive will likely cease to exist in 20 years.

Out with the old, in with the robots! These days, new technological advances happen all the time — and while some industries have flourished in the changing landscape, others have fallen prey to automation.

Here's the good news: automation isn't necessarily synonymous with job loss. In fact, many workers won't lose their jobs so much as see their roles getting redefined to meet society's ever-evolving needs. Some jobs, however, will likely be extinct 20 years from today.

From fast food cooks to traditional lumberjacks, here are 10 jobs that probably won't exist in the year 2038.

Cashiers

When the first automated check-out machines were tested, they weren't immediately popular with customers; but while today's versions are still far from perfect, the proliferation of self checkout machines is undeniable.

According to Allied Market Research, the self checkout industry is projected to garner $31.75 billion by 2020, which could bode poorly for the future of cashiers. Popular services such as Amazon Fresh also allow shoppers to order groceries and other items from the comfort of their home.



Fast food workers

One of the big appeals of fast food is that it's consistent and reliable — chain menus tend to be standardized, so there's little variation in how specific menu items taste from location to location. According to The Guardian, that could translate to an 81% probability of fast food cooks seeing their jobs replaced by automated kitchen assistants.

In California, for instance, an AI-powered robot named Flippy has been flipping burgers and placing them on buns at a CaliBurger location since 2017.



Retail jewelers

The jewelry industry has been declining for the past few years. Per Bloomberg, the Jewelers Board of Trade reported that jewelry store closures accelerated 53% in 2016.

One factor, per National Jeweler, is that Millennials prioritize spending their money on experiences, rather than material things.

"Jewelry has definitely been tough and millennials are shifting their spending to experience," Brian Yarbrough, an analyst at Edward Jones & Co., told Bloomberg. "That limits your ability to show a lot of growth."



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The 30-year-old millennial who is getting evicted by his parents explains why he's too busy for a career

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Michael Rotondo

  • Michael Rotondo was ordered by a judge this week to vacate his parents' home, but he says he needs more time.
  • Rotondo, 30, told Business Insider that he was prioritizing parenthood over his career.
  • Rotondo, who lost visitation rights to his child, says only that he has performed "unskilled labor." The Daily Mail reported that he filed a discrimination lawsuit against Best Buy last year over his firing. 

On Tuesday, a judge ordered a 30-year-old man to leave his parents' home, where he has been living for the past eight years.

The man, Michael Rotondo, argued in court that he needed more time to move out so he could get settled financially.

Rotondo told Business Insider that he became a father shortly after he moved in with his parents and that parenthood was at least partly why he still lived with them. He said that having a career was secondary to being a father.

"I've been a father for the past few years," Rotondo said. "That's what I've been doing. I really haven't been pursuing a career."

He added that he had been "working here and there, doing things, but mostly being a father."

Rotondo has never lived with his child but said he saw his child regularly.

He told Business Insider he was pursuing a career only passively because "I saw my child frequently enough where I became a significant component of my child's life."

Rotondo said, however, that he recently lost his visitation rights and that as a result, his parents "have been trying to coerce me away" and had stopped feeding him. He said a notice to vacate was "a retaliatory action" for losing his visitation rights.

"I was an excellent father," Rotondo told Business Insider, adding that he would take his child fishing and had foregone buying clothes for himself so he could take his child skiing. "I was a great father, and [the child] needed me in their life.

"That's why I'm not the CEO of a big company," Rotondo said about his responsibility as a parent. "That's why I'm living with my parents still."

Syracuse.com reported that after the ruling, Rotondo mentioned a business he had to support himself but refused to go into detail, saying "my business is my business."

He also refused to discuss his work history with Business Insider besides saying he had done "unskilled labor" in the past, but not "physical labor." He said he did not have a college degree.

The Daily Mail reported that Rotondo filed a discrimination lawsuit against Best Buy last year, arguing that he was fired for being unable to work on Sundays because of his court visitation schedule.

Rotondo's parents sent their son several letters asking him to move out before meeting in court. In a letter dated February 18, Rotondo's parents offered him $1,100 in cash to help him find a place to stay.

The letter also came with some advice: "There are jobs available even for those with a poor work history like you. Get one."

SEE ALSO: A 30-year-old millennial who still lives with his parents is locked in a legal battle over them trying to kick him out — here's why he thinks they're being absurd

DON'T MISS: 7 ways life is harder for millennials than it was for their parents

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Business Insider Intelligence is hiring an editorial team manager

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Business Insider Intelligence is hiring an Associate Managing Editor to manage staffing and training of the Business Insider Intelligence team.

Business Insider Intelligence is Business Insider's real-time, premium research service focused on digital disruption. We publish market data, trend analysis, and proprietary survey data for executives in many industries.

 At Business Insider our motto is "get better every day." The Associate Managing Editor will play a crucial role in helping the team achieve this goal. An Associate Managing Editor is someone who has a keen eye for identifying and growing the ‘right’ people and is excited to bring new talent to the team and help team members grow and learn in their careers. We're looking for someone who is an excellent communicator with great people skills, is organized, has a great attention to detail, and has endless enthusiasm for building great teams.

Responsibilities will include:

  • Ensuring a bench of great candidates and interns
  • Onboarding new hires and helping familiarize them with Business Insider Intelligence
  • Coordinating and leading skill-building seminars across the Business Insider Intelligence teams
  • Managing freelancers
  • Other responsibilities  related

The ideal candidate will have:

  • A bachelor's degree
  • Impeccable communication skills
  • 3+ years of professional experience 
  • Proficiency with Microsoft PowerPoint and Excel
  • Experience working with analysts or journalists or in a research or journalism-related field is a plus

Please APPLY HERE with your cover letter and resume. Let us know why this role at Business Insider Intelligence excites you.

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The top 12 jobs where you are most likely to cheat

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People cheat on their partners for different reasons. There are also varying levels of cheating, from microcheating to full-blown affairs.

Some evidence even suggests that intelligent people are more likely to want to cheat on their partners.

New survey data from Ashley Madison, the leading dating website that helps married people have affairs, has shown people with certain careers are more likely to be unfaithful to their partners. They asked 1,074 members of Ashley Madison to fill out a survey about their jobs.

Despite straying from their partners, respondents of the survey had a different attitude towards their careers. nearly half (44%) said they never switch jobs, and those who did said they only did it once every 10 years.

Here were the top 12 careers for infidelity from the survey, for both men and women:

SEE ALSO: Science suggests that 'once a cheater, always a cheater' could actually be true

12. Men — Social work

2% of male participants were social workers.



12. Women — Politics

Just 1% of female respondents worked in politics.



11. Men — Agriculture

3% of male cheaters worked in agriculture, such as farming. 



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