Posted October 26, 2020 by Mark Perna
You can now search for jobs in the Acorns investment app. Mark’s article, “Acorns And ZipRecruiter Team Up For New Hiring Portal,” published at Forbes.com on October 20, 2020.
Yesterday, CNBC announced that Acorns and ZipRecruiter have teamed up to provide a job-search component in Acorns’ app. Acorns, an investment app that allows you to round up your purchases and automatically invest the rounded-up amount, will now include a hiring portal. Users will be able to search for, view and even apply for jobs—all in-app.
This is a nice feature for Millennials, who make up the majority of Acorns’ customer base. Unemployment, pay cuts and furloughs have hit this generation the hardest, with an April survey indicating that 35 percent of Millennials lost their job and 45 percent experienced pay cuts.
Money has never been easy for Millennials, caught as they are between the 2008 recession and now the financial fallout of a global pandemic. Add college loans, consumer debt and now, for many, the new challenge of caring for aging or ailing parents, and it’s little wonder that this generation is struggling to make ends meet.
Acorns hopes that its pioneering job-search functionality—the first of its kind to be offered by a financial services company—will make that struggle just a little easier. Though the company had planned to eventually release a job-hunt feature in the app, the spiraling unemployment rates following the pandemic made it a top priority.
The in-app hiring portal includes listings for all types of jobs, not just full-time—making it a helpful tool for those looking to supplement their day job with a little extra income. Of course, remote work positions are included in the portal, along with a career coaching component to help users become more employable.
According to CNBC, Acorns says that lack of income is the single biggest reasons that Americans don’t save or invest. Again, Millennials in particular struggle in this area, with more than half admitting they have $5,000 or less in their savings accounts.
The release of Acorns’ in-app job-search portal underscores a basic truth that younger workers know all too well: you have to be making money before you can make the most of it. Here’s to Acorns and ZipRecruiter pivoting to serve unemployed workers, and to all the job-seekers who might—just might—discover their next opportunity here.You have to be making money before you can make the most of it. Click To Tweet