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Phil Stott

Phil Stott is a Vault Editor. Since joining Vault in 2007, he has covered a variety of industries including consulting, consumer products and technology. He is also well-versed in general career issues, having worked in a variety of fields including freelance journalism, consumer banking, English language teaching, soccer coaching and more. Originally from Scotland, he holds an undergraduate degree in English Literature and Modern History and a Masters in Research in Civil Engineering. 

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All Posts by Phil Stott

Is Salary Negotiation on the Way Out?

by Phil Stott  |  May 27, 2015

Would you take a job with a company if they gave you a take-it-or-leave-it salary offer, with no negotiation? According to a Wall Street Journal article today, that's exactly the approach being taken by a number of Silicon Valley startups, including Reddit, Magoosh, and The article notes that one of the major reasons that firms are pursuing such a policy is to promote equal pay, and cites research that "has shown that men are about four times more likely than women to negotiate... Read More >

Bain: Why There Are So Few Women Business Leaders

by Phil Stott  |  May 22, 2015

It's a well-known fact that women make up just 5% of the CEO class among Fortune 500 companies. According to a new report by Bain and Company, that's unlikely to be changing anytime soon--it found that despite starting their careers with more desire to reach the executive suite than men, and higher levels of optimism that they can achieve the goal, by the time they hit the midpoint of their careers, women are significantly less likely than men to want to make it to the top, or believe that... Read More >

A Hidden Cost of Grad School Finance

by Phil Stott  |  May 20, 2015

As I mentioned a few weeks ago, I'm currently pursuing a Masters degree online,  which I'm 2 months into (or 4 credits out of 48). In my first post about the experience, I jokingly compared the cost of going back to school to a number of different life events, but there was one part of the costing process that I hadn't counted on, and that I've found to be kind of infuriating so far. Here's the issue: when I first started looking at ways to finance the program, I did a long and careful... Read More >

The State of the Graduate Job Market (Infographic)

by Phil Stott  |  May 13, 2015

It's graduation season, which means that it's also that time of year where you start seeing lots of articles about the most inspiring graduation speeches, along with the occasional piece on how this generation is, like, the least well-equipped for the workforce, like, everrrrr. Turns out, though, that the disdain runs both ways: Accenture's most recent U.S. College Graduate Employment study finds that just 15% of graduating students this year want to work for a large company. It's not that... Read More >

A Company with No Managers—How Would You Fare?

by Phil Stott  |  May 11, 2015

For those of us who cover careers, Zappos and its CEO Tony Hsieh are more than watchwords for hassle-free shoe-shopping: they're consistently pushing the boundaries of organizational design. In other words they're at the forefront of defining what it means to be a company, and an employee, in the age we live in-with Hsieh assuming the role of one of the leading org design thinkers of that age. As such, what happens at Zappos may well come to have an influence on how the rest of us live and... Read More >

Long Hours: How to Fake it Like a Top Consultant

by Phil Stott  |  May 06, 2015

Color me shocked: a recent study has found that many consultants who claim to be working 80+ hours per week may be faking at least some of them. According to a NY Times piece on the research, employees at "one elite consulting firm" with a "strong culture around long hours and responding to clients promptly" split into three distinct camps when it came to meeting the expectations of their role (at least pertaining to expected hours): those who do what is expected; those who openly push... Read More >

Employee Reviews: What Are They Good For?

by Phil Stott  |  April 27, 2015

When was the last time that you had an employee review? Now ask yourself the same question, but tack on the words "that served any purpose beyond paper-pushing" to the end. Do you still get the same answer? If not, you're not alone: according to a recent Wall Street Journal piece, many companies are finally coming to a realization that their employees had a long time ago: most employee review systems are terrible. The reasons for that are manifold, with the Journal piece citing one major... Read More >

Are Longer Hours Pointless?

by Phil Stott  |  April 20, 2015

Several of the industries that we cover here at Vault are plagued by cultures where 70+ hours per week are common. Folks in law, finance, and consulting regularly report difficulties with trying to balance their working hours and, well, anything else in their life that doesn't involve work. (I'm leaving out accountants for now-while they undoubtedly work long hours during peak periods, I'm assuming they're all still catching some post-tax day shuteye.) What if all that effort-all those... Read More >

Has the Income Gap's Moment Finally Arrived in the U.S.?

by Phil Stott  |  April 15, 2015

"There's something wrong when CEOs make 300 times more than the American worker."-Hillary Clinton, yesterday, in Iowa. I include that quote not as any sort of endorsement of Hillary's nascent campaign, but rather as an indication that wages-and specifically the gap between the highest earners and the lowest-finally seems to have punctured the political consciousness of at least one of the most likely candidates for the presidency. When someone of Clinton's political savvy and standing is... Read More >

Save the Planet by Working from Home?

by Phil Stott  |  April 15, 2015

Working remotely isn't just good for your company-a fact touched on by my colleague in these pages a couple of days ago-it's also good for the planet. According to an Earth Day-timed press release from FlexJobs, telecommuting policies at just three companies-Xerox, Dell and Aetna-"cumulatively saved 95.294 metric tons of greenhouse gas emissions last year-equivalent to taking 20,000 passenger vehicles off the road." The breakdown on those numbers is staggering: according to the release,... Read More >

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