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The Clark Howard Podcast

10.19.22 EMPLOYMENT: Job Scams / Pay Transparency

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.64.9K Ratings

🗓️ 19 October 2022

⏱️ 33 minutes

🧾️ Download transcript

Summary

Job scams work both ways. The pandemic move to online recruitment has led to some pitfalls for both job seekers and employers. What to know about fake jobs and fake applicants - and a Clark smart key rule for landing a real job. Also, do you know what your colleagues earn doing the same work as you? The movement toward pay transparency has begun. Fake Jobs - Fake Applicants!: Segment 1 Ask Clark: Segment 2 Pay Transparency: Segment 3 Ask Clark: Segment 4 Mentioned on the show: The rise of 'bait-and-switch' job interviews That's not a real job opening: Some companies are posting 'ghost jobs' How To Prevent, Report and Repair Identity Theft How To Freeze Your Credit With Experian, Equifax and TransUnion Credit Karma vs. Credit Sesame: Is One Better Than the Other? Should I Get an Umbrella Insurance Policy? Personal Umbrella - Insurance - Clark Howard Community Costco vs. Sam's Club Credit Cards Comparison: Which Is Better? What Is a 403(b) and How Does It Work? Clark.com resources Episode transcripts Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

It's my pleasure to welcome you to the Clark Howard Show.

0:08.3

Our mission is to serve you and empower you to make better financial decisions in your

0:14.0

life.

0:15.2

We have a theme on today's podcast, Employment.

0:18.4

First, I'm going to talk about fake jobs and also fake job applicants.

0:25.7

How to know if someone's trying to scam you either way.

0:29.4

And later, do you know what your colleagues making doing the same job as you do?

0:36.0

Well you may soon find out as employers more and more in their kicking and screaming or

0:41.1

by choice are being more transparent about pay levels.

0:47.2

So the job market is shifting into a lower gear.

0:52.0

For the first time in a long time, the word lay off is entering our ears.

0:57.3

We're seeing some of that.

0:59.4

Even catastrophic or anything like that looks like it's in the cards.

1:03.8

But this thing we've had for the last two years of a massive number of openings and an

1:11.5

extreme shortage of people to fill those openings, that imbalance is exactly what the

1:17.7

Federal Reserve is trying to break the back of, trying to reduce the heat and the economy.

1:25.4

And so they're adding heat into our lives by raising interest rates.

1:29.8

And the result is the job market is going to get more into equilibrium over time as things

1:36.2

cool down.

1:37.8

So I want to tell you a couple of things in the employment market.

1:43.2

There's been a lot of oddity in it.

1:46.6

And it really all got started in the heart of the pandemic two years ago when people shifted

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