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You landed a job interview: Youve researched the company, reread the job listing, and practiced your talking points. But have you considered the importance of choosing the right time of day to interview? According to new research, when you interview might impact how well you do. In a study analyzing the timing and performance of Italian students in oral interviewswhich are required to pass many classes at Italian universitiesresearchers found that the time of day had a big impact on students likelihood of success. Researchers believe the study could shed light on successes and failures in other high-pressure situations, like job interviews. Researchers utilized a University of Messina database of interview-style exam results from October 2018 to February 2020. Data from more than 100,000 exams revealed that the rate of students who passed followed a bell curve that peaked between 11 a.m. and 1 p.m. and was much lower in the early morning and late afternoon. The research was inspired by a study that found judges are more lenient in their sentencing at the beginning of the court session or after meal breaks, says Carmelo Vicario, a neuroscientist at the University of Messina and lead author of the new study. After seeing the data on judicial rulings, Vicario says he was interested in discovering whether the same principle might apply to other fields, including education. This was, of course, a completely different field, Vicario tells Fast Company. But we found this similarity. Since the study analyzes existing data, rather than data from controlled trials, Vicario says he isnt able to confirm exactly why the middle of the day seems to be when students are most successful. Still, the researchers have a number of theories. For starters, since younger people tend to be night owls and older people tend to prefer the morning, the middle of the day might help mitigate the clash between these chronotypes, or biological rhythms that impact how alert people are throughout the day. Between 11 a.m. and 1 p.m. could be a middle ground when both students and their professors are in their prime. This same mismatch between chronotypes could contribute to the difference in interview success during the hiring process for young workers being interviewed by more senior employees, adding to the bias that an estimated 36% have against Gen Z candidates, according to a recent ResumeBuilder survey. More than 80 genes regulate the circadian rhythms behind different chronotypes, and people consistently operating outside the hours that work with their circadian rhythm can experience issues with productivity, as well as health problems and work-related anxiety. To help overcome bias related to the time of day, experts have a few tips that can be applied to everything from exams to job interviews and beyond, such as offering flexible meeting hours and scheduling collaboration when both parties have high energy levels. By recognizing biological differences in how and when people work bestand making room for that diversityleaders can reduce hidden bias, unlock untapped potential, and build more productive and inclusive teams, Camilla Kring, a researcher who studies applied chronology, wrote in a recent article for Fast Company. Still, authors of the new study note that more research is needed to determine whether mismatched chronotypes are the hidden force behind varying interview success. Even this is a speculative interpretation, Vicario says, noting his hope that this work will inspire future research that helps to pin down exactly why interviews in the middle of the day tend to go better. Vicario also hopes people will consider researching the impact of timing on decision-making in other high-pressure situations. When theres a kind of pressure, the influence of the time of the day can be stronger compared to when you have a large amount of time to evaluate the details of the situation, Vicario says. Being aware [of timings impact] can make decisions fairer.
Category:
E-Commerce
President Donald Trump is visiting the Federal Reserve headquarters in Washington Thursday, a week after indicating that Fed chair Jerome Powell’s handling of an extensive renovation project on two Fed buildings could be grounds for firing.Trump has criticized Powell for months because the chair has kept the short-term interest rate the Fed controls at 4.3% this year, after cutting it three times last year. Powell says the Fed wants to see how the economy responds to Trump’s sweeping tariffs on imports, which Powell says could push up inflation.Powell’s caution has infuriated Trump, who has demanded the Fed cut borrowing costs to spur the economy and reduce the interest rates the federal government pays on its debt.The Fed has been renovating its Washington headquarters and a neighboring building. With some of the construction occurring underground and as building materials have soared in price after inflation spiked in 2021 and 2022, the estimated cost has ballooned to about $2.5 billion, from $1.9 billion.When asked last week if the costly rebuilding could be grounds to fire Powell, Trump said, “I think it is.”“When you spend $2.5 billion on, really, a renovation, I think it’s really disgraceful,” Trump said.Firing Powell would threaten the Fed’s independence, which has long been supported by most economists and Wall Street investors.
Category:
E-Commerce
Chipotle Mexican Grill announced its second-quarter financial results on Wednesday, July 23, and the news isnt great. The fast casual restaurant chain failed to reach its quarterly sales estimates and reduced its targeted annual sales growth. Chipotle reported net income of $436.1 million (32 cents per diluted share), a decrease from $455.7 million (33 cents per diluted share) year-over-year (YOY). In premarket trading, Chipotles stock price (NYSE:CMG) has plummeted over 12% since the market closed Wednesday night. While Chipotle reported a 3% increase YOY in total revenue, it credited the $3.1 billion sum to the opening of 61 new restaurants. In reality, restaurants saw comparable sales drop 4%, thanks to smaller bills. Wall Street had predicted a 2.9% decrease, according to consensus estimates cited by CNBC. What’s eating American diners? In a post-earnings investors meeting, Chipotle CEO Scott Boatwright blamed ongoing volatility in consumer environment trends. Much of what were experiencing right now is due to macro and the consumer. The low-income consumer is looking for value as a price point at present, Boatwright stated. Tariffs are also a factor, with Chipotle estimating a 0.5% rise in cost of sales. Chipotles decline is part of a broader trend. Fast food restaurants saw a 0.9% decrease in traffic YOY during quarter two, according to a report published this month by Revenue Management Solutions (RMS). At the same time, prices at these quick-service restaurants increased by 1.3% YOYthough this is less than quarter ones 3.1% increase. Meanwhile, the average bill at Chipotle increased by 0.9%.
Category:
E-Commerce
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