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Ghosting, Not Hearing Back is Your Answer

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Back in the day, maybe still today, at the end of an audition, Hollywood producers would say, “Don’t call us; we’ll call you.”

If you didn’t hear back, you didn’t get the gig.

Not hearing back was your answer.

Maybe hiring managers should end their interviews with, “If you don’t hear from us by Friday, presume we’ve moved on to other candidates.”

I’d prefer to know the interviewer’s communication context rather than assuming I’ll hear back either way or worse, being told I’ll hear back in a few days and not hearing anything.

The term ghosting—not hearing back from the company after an interview—was born in the dating world. Recruiters, hiring managers, and candidates are increasingly abruptly ending communication. (Ghosting is happening both ways.)

Even though ghosting is considered “unprofessional,” I believe it’ll eventually be integrated into our social norms, just as many other social norms we accept today were considered unacceptable just a few years ago.

Think about all that we accept or tolerate today that weren’t accepted or tolerated 20 years ago. I can’t recall the last time I wore a tie to an interview, funeral, as a keynote speaker, or meeting with “the powers that be.” Visible tattoos aren’t frowned upon, and the usage of profanity doesn’t raise eyebrows. Today, manners are less pronounced, and people are more prone to being offended, causing everyone to walk around on eggshells, which is why ghosting is increasing.

Additionally, a sense of entitlement is prevalent today. Many candidates raised on the idea that “everyone is a winner” react negatively when not chosen. Due to having been verbally bitten several times, it’s understandable that employers avoid reaching out to rejected candidates. More than one hiring manager has said to me, “It’s easier to not have the conversation than to have it.”

For better or worse, I’ll let you decide.

It can’t be expected that the downgrading (READ: becoming more casual) of our social mannerisms wouldn’t find its way into the workplace. The 20 or 30-something HR manager has an entirely different set of values and definition of what it means to be a professional than the 48-year-old job seeker. Generational clashes are happening.

Hiring managers are swamped with applications. Replying to everyone, aside from an automated “We’ve received your application and will contact you if we feel there’s a match,” would take more time than they have. Technology is one of the reasons recruitment is becoming increasingly discourteous.

Here’s some straightforward talk: Nobody wants to spend their lifeblood on someone else’s business. A person has a job to make a living. For most people, their job is purely transactional. Having a transactional mindset is why movements such as “quiet quitting” and the “F.I.R.E. movement” (Financial Independence, Retire Early), where Gen Z adults extreme save 50% to 75% of their income so they can retire by their 40s or 50s, exist. Therefore, it shouldn’t be a surprise that social niceties are being dropped as employers and employees are rapidly moving towards a relationship where each party views the other as a means to an end.

Like every job seeker, I’ve been ghosted. Since I tend to keep my expectations low, sometimes having none, being ghosted has never really bothered me. I’m serious! I don’t feel a recruiter or hiring manager owes me a reply after an interview. When I get a follow-up call, which I usually do, it’s nice, but it’s not something I expect. I attribute my assumption that no one owes me, coupled with my belief that business is never personal, to why I’m motivated to energetically help myself. I believe having the expectation of “I’m owed” is why many job seekers are frustrated with how employers design their hiring process.

Most of your job search will involve dealing with strangers who, let’s face it, owe you nothing. A fact of life: You can’t control someone’s behaviour or actions, especially that of a stranger. Acknowledging this fact of life is how you “discipline your disappointment” when someone fails to meet your expectations.

Always end your interviews knowing the next step and when to expect to hear back if you’re green-lighted to move forward in the hiring process. (“I really enjoyed our conversation. What is the next step, and when can I expect to hear back if I’m selected to move forward?”) Once I’m told what to expect, I’ll say, “If I don’t hear back from you by the end of Friday, I’ll presume you’ve moved on to other candidates.”

If the get-back-to-you deadline passes, reach out once and then let it go. Some advice I learned in the job search trenches: Always have several pokers in the fire throughout your job search. Don’t become dependent on a particular employer offering you a job. Having other job opportunities in your pipeline will help you move on from being ghosted.

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Nick Kossovan, a well-seasoned veteran of the corporate landscape, offers advice on searching for a job. You can send Nick your questions at artoffindingwork@gmail.com.

 

 

 

 

 

 

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Japan’s SoftBank returns to profit after gains at Vision Fund and other investments

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TOKYO (AP) — Japanese technology group SoftBank swung back to profitability in the July-September quarter, boosted by positive results in its Vision Fund investments.

Tokyo-based SoftBank Group Corp. reported Tuesday a fiscal second quarter profit of nearly 1.18 trillion yen ($7.7 billion), compared with a 931 billion yen loss in the year-earlier period.

Quarterly sales edged up about 6% to nearly 1.77 trillion yen ($11.5 billion).

SoftBank credited income from royalties and licensing related to its holdings in Arm, a computer chip-designing company, whose business spans smartphones, data centers, networking equipment, automotive, consumer electronic devices, and AI applications.

The results were also helped by the absence of losses related to SoftBank’s investment in office-space sharing venture WeWork, which hit the previous fiscal year.

WeWork, which filed for Chapter 11 bankruptcy protection in 2023, emerged from Chapter 11 in June.

SoftBank has benefitted in recent months from rising share prices in some investment, such as U.S.-based e-commerce company Coupang, Chinese mobility provider DiDi Global and Bytedance, the Chinese developer of TikTok.

SoftBank’s financial results tend to swing wildly, partly because of its sprawling investment portfolio that includes search engine Yahoo, Chinese retailer Alibaba, and artificial intelligence company Nvidia.

SoftBank makes investments in a variety of companies that it groups together in a series of Vision Funds.

The company’s founder, Masayoshi Son, is a pioneer in technology investment in Japan. SoftBank Group does not give earnings forecasts.

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Yuri Kageyama is on X:

The Canadian Press. All rights reserved.

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Trump campaign promises unlikely to harm entrepreneurship: Shopify CFO

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Shopify Inc. executives brushed off concerns that incoming U.S. President Donald Trump will be a major detriment to many of the company’s merchants.

“There’s nothing in what we’ve heard from Trump, nor would there have been anything from (Democratic candidate) Kamala (Harris), which we think impacts the overall state of new business formation and entrepreneurship,” Shopify’s chief financial officer Jeff Hoffmeister told analysts on a call Tuesday.

“We still feel really good about all the merchants out there, all the entrepreneurs that want to start new businesses and that’s obviously not going to change with the administration.”

Hoffmeister’s comments come a week after Trump, a Republican businessman, trounced Harris in an election that will soon return him to the Oval Office.

On the campaign trail, he threatened to impose tariffs of 60 per cent on imports from China and roughly 10 per cent to 20 per cent on goods from all other countries.

If the president-elect makes good on the promise, many worry the cost of operating will soar for companies, including customers of Shopify, which sells e-commerce software to small businesses but also brands as big as Kylie Cosmetics and Victoria’s Secret.

These merchants may feel they have no choice but to pass on the increases to customers, perhaps sparking more inflation.

If Trump’s tariffs do come to fruition, Shopify’s president Harley Finkelstein pointed out China is “not a huge area” for Shopify.

However, “we can’t anticipate what every presidential administration is going to do,” he cautioned.

He likened the uncertainty facing the business community to the COVID-19 pandemic where Shopify had to help companies migrate online.

“Our job is no matter what comes the way of our merchants, we provide them with tools and service and support for them to navigate it really well,” he said.

Finkelstein was questioned about the forthcoming U.S. leadership change on a call meant to delve into Shopify’s latest earnings, which sent shares soaring 27 per cent to $158.63 shortly after Tuesday’s market open.

The Ottawa-based company, which keeps its books in U.S. dollars, reported US$828 million in net income for its third quarter, up from US$718 million in the same quarter last year, as its revenue rose 26 per cent.

Revenue for the period ended Sept. 30 totalled US$2.16 billion, up from US$1.71 billion a year earlier.

Subscription solutions revenue reached US$610 million, up from US$486 million in the same quarter last year.

Merchant solutions revenue amounted to US$1.55 billion, up from US$1.23 billion.

Shopify’s net income excluding the impact of equity investments totalled US$344 million for the quarter, up from US$173 million in the same quarter last year.

Daniel Chan, a TD Cowen analyst, said the results show Shopify has a leadership position in the e-commerce world and “a continued ability to gain market share.”

In its outlook for its fourth quarter of 2024, the company said it expects revenue to grow at a mid-to-high-twenties percentage rate on a year-over-year basis.

“Q4 guidance suggests Shopify will finish the year strong, with better-than-expected revenue growth and operating margin,” Chan pointed out in a note to investors.

This report by The Canadian Press was first published Nov. 12, 2024.

Companies in this story: (TSX:SHOP)

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RioCan cuts nearly 10 per cent staff in efficiency push as condo market slows

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TORONTO – RioCan Real Estate Investment Trust says it has cut almost 10 per cent of its staff as it deals with a slowdown in the condo market and overall pushes for greater efficiency.

The company says the cuts, which amount to around 60 employees based on its last annual filing, will mean about $9 million in restructuring charges and should translate to about $8 million in annualized cash savings.

The job cuts come as RioCan and others scale back condo development plans as the market softens, but chief executive Jonathan Gitlin says the reductions were from a companywide efficiency effort.

RioCan says it doesn’t plan to start any new construction of mixed-use properties this year and well into 2025 as it adjusts to the shifting market demand.

The company reported a net income of $96.9 million in the third quarter, up from a loss of $73.5 million last year, as it saw a $159 million boost from a favourable change in the fair value of investment properties.

RioCan reported what it says is a record-breaking 97.8 per cent occupancy rate in the quarter including retail committed occupancy of 98.6 per cent.

This report by The Canadian Press was first published Nov. 12, 2024.

Companies in this story: (TSX:REI.UN)

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