Anonymous
Post 04/26/2023 13:24     Subject: Gen Z doesn't seem to care about career advancement??

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Gen Z lower level IT people have 2-3 jobs. My coworker said hid 34 year old nephew is all “bro upped”” with his 22-29 year old staff. He did performance review and all were Meets Expectations and coasting making 70-90k a year.

He then gave speech that could take on extra and work harder and make like a 30-40 percent. After a long pause. One guy goes dude you know we all have 2-3 Low level IT jobs paying 80-90k a year. We only want low bare minimum jobs.

He was pisses he was lowest paid person in department as he was only one with one job.


If this really is a thing, eventually there will be services to check employees status.

We are new into the WFH world, but that “credit check” is coming.


It already exists & is called the work number. You can freeze it.


My DD who is 1 year out of college works at an employer where you need approval to do any kind of second job (including Uber) & need to fill out a form detailing parents’ & hers (none yet) investments & jobs multiple times a year. This is a financial services org


“Require” there is no law stating you can’t have a second full time job. Or third full time job. Or part time job. That is just a company policy to disclose.

So let’s say you DD makes 65k a year at her job. She takes a second Job at 75k. She does not disclose. Why would she as they would just say no.

Well let’s pretend she “gets caught” so what. She collected double pay and still has a job.

Most times I say 99 percent people don’t get “caught” they just have trouble juggling and get let go and burn a bridge.

And even if they do some companies just tell you quit other job. Plus some people create LLCs and “consult” for instance I could create LLC in wife’s name and consult.



I'm no lawyer but I'm pretty sure collecting two paychecks for working the same hours is called "fraud" and there's certainly a law against that.


It's only fraud if it's specifically stated in the contract/hiring paperwork they signed that employees may not work concurrent jobs. Check the paperwork you signed and I bet 99% will find that's not how it is laid out.

I was on the jury for a case exactly like this in 2022. The employee was caught working two remote jobs at the same time and fired from the job he considered his "main" employment. His side argued the wording in the hiring documents he signed did not specify concurrent employment was against company policy. We sided with the fired employee and awarded him the salary he would have been paid until the point of the case conclusion.

I checked my old hiring paperwork and mine simply states that employees may not work additional jobs that conflict with their primary duties. That is the similar wording that his paperwork had. The other side failed to prove that his additional job conflicted with his primary job. The other side had proof that it had not conflicted - they had glowing reviews, email praise from higher ups on a job well done on several projects that were delivered early, and raises.


Companies do not give contracts. It is at will employment. My job does not prohibit outside employment except it it interferes work. I do have to disclose conflicts of interest.

In fact most people caught just get let go, HR not allowed to contact other employer in most cases. I kinda got caught. I think. Only cause I would be on line but hard to adjust for unexpected last minute meetings. My boss constantly changed meetings some times 3-4 times in same day. He would not check my calendar.

I suspect they might know only cause I never got cobra paperwork, any info filing unemployment, no PIP, I even got a raise four weeks earlier. They still paid me 8 weeks severance.

It is not illegal, but a company has right to let you go. Big deal. I saw today two ex employees at my old company just updated LinkedIn profile new job with a 3-7 month backdating.

80 percent remote workers have a second job. And Gen Z grew up this way.

Anonymous
Post 04/26/2023 12:58     Subject: Gen Z doesn't seem to care about career advancement??

Anonymous wrote:I don't understand why older generations get so upset with the younger generations not treating their job like their whole life's purpose.


I think Gen Z thinks that’s what they’re doing. Like they found some secret sauce. But the shortcut doesn’t exist. You can leave early and put up boundaries but really…..you just aren’t that important yet. As you continue your career, you’ll see that the people who put in all the work will pull ahead. People made the same lazy stereotype to Gen Y. Oh, and Gen X is called that because they were seen as aimless. People forget it wasn’t just some end of the alphabet naming convention.

There are certainly Gen Z people who are not pushing back. They will get ahead like their older counterparts. I’m the Xennial that does not want to be a manager. I’m 43 and I’m now at a good spot, but I definitely turned down opportunities to be more important at work. There are people in every generation who fit that description. Other people worked harder, some worked less so. Some worked less hard and got lucky or were well liked or kissed ass or made a particularly insightful choice. It happens. It will happen to everyone.
Anonymous
Post 04/26/2023 11:07     Subject: Gen Z doesn't seem to care about career advancement??

I don't understand why older generations get so upset with the younger generations not treating their job like their whole life's purpose.
Anonymous
Post 04/26/2023 11:01     Subject: Gen Z doesn't seem to care about career advancement??

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Gen Z lower level IT people have 2-3 jobs. My coworker said hid 34 year old nephew is all “bro upped”” with his 22-29 year old staff. He did performance review and all were Meets Expectations and coasting making 70-90k a year.

He then gave speech that could take on extra and work harder and make like a 30-40 percent. After a long pause. One guy goes dude you know we all have 2-3 Low level IT jobs paying 80-90k a year. We only want low bare minimum jobs.

He was pisses he was lowest paid person in department as he was only one with one job.


If this really is a thing, eventually there will be services to check employees status.

We are new into the WFH world, but that “credit check” is coming.


It already exists & is called the work number. You can freeze it.


My DD who is 1 year out of college works at an employer where you need approval to do any kind of second job (including Uber) & need to fill out a form detailing parents’ & hers (none yet) investments & jobs multiple times a year. This is a financial services org


“Require” there is no law stating you can’t have a second full time job. Or third full time job. Or part time job. That is just a company policy to disclose.

So let’s say you DD makes 65k a year at her job. She takes a second Job at 75k. She does not disclose. Why would she as they would just say no.

Well let’s pretend she “gets caught” so what. She collected double pay and still has a job.

Most times I say 99 percent people don’t get “caught” they just have trouble juggling and get let go and burn a bridge.

And even if they do some companies just tell you quit other job. Plus some people create LLCs and “consult” for instance I could create LLC in wife’s name and consult.



I'm no lawyer but I'm pretty sure collecting two paychecks for working the same hours is called "fraud" and there's certainly a law against that.


It's only fraud if it's specifically stated in the contract/hiring paperwork they signed that employees may not work concurrent jobs. Check the paperwork you signed and I bet 99% will find that's not how it is laid out.

I was on the jury for a case exactly like this in 2022. The employee was caught working two remote jobs at the same time and fired from the job he considered his "main" employment. His side argued the wording in the hiring documents he signed did not specify concurrent employment was against company policy. We sided with the fired employee and awarded him the salary he would have been paid until the point of the case conclusion.

I checked my old hiring paperwork and mine simply states that employees may not work additional jobs that conflict with their primary duties. That is the similar wording that his paperwork had. The other side failed to prove that his additional job conflicted with his primary job. The other side had proof that it had not conflicted - they had glowing reviews, email praise from higher ups on a job well done on several projects that were delivered early, and raises.
Anonymous
Post 04/25/2023 20:03     Subject: Gen Z doesn't seem to care about career advancement??

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:I think Gen Z/young millennials has watched their parents work well over 40 hours a week and sacrifice their personal lives. They don't want to spend their entire lives at work and I think it's great.


So this is beautifully idealistic and all but are all Gen Z independently wealthy? To abide by this life mantra they must live off of parents' savings, gifts, trust, inheritance, etc. I love the premise but am confused by the real world application. This is the same generation who takes to Twitter to non-stop complain about how expensive life is, how they cannot afford a house, blame boomers for the high cost of living, and so forth ...but they don't want to work?

I have a feeling that it'll be fun for a few years when they're young. We'll hear a different tune in a decade when they're mid-late thirties and have no savings. Living life as an influencer is short lived and revenue - if any - will shortly dry up


I think they’re not independent by any metric. But once you’ve given up on affording housing on your own you have a lot more slack in the budget.


Ok. So where do they live? Everyone needs to live somewhere and salary to cover rent or mortgage. Honestly, I think GenZ is going to have a sobering wake up call, as they're so far removed from reality than older generations


GenZ are not going to have kids. They don’t need the same expensive housing and plan to work remotely in cheaper locations.

It may not work out that way, but there is ZERO chance that most of them can hustle enough to actually afford homes. Not everyone gets to be a BigLaw partner or CEO — and they saw their parents grind away and then be laid off from middle management at 50.


GenZ's parents are Gen-X. They were not laid off at 50. Not anywhere close. And if GenZ wants to move to cheaper cities, they can make housing happen. Staying in DC, SF, NY, or LA isn't going to work.

I think Gen Z is just the social media generation. Their dreams are created by IG and TikTok. It's a different world.


I am Gen x. My first kid was born in 2011. Not Gen z. Still in elementary.


Gen Z is born 1996-2011 (or by some definitions 2014).
Anonymous
Post 04/25/2023 17:47     Subject: Gen Z doesn't seem to care about career advancement??

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:I think Gen Z/young millennials has watched their parents work well over 40 hours a week and sacrifice their personal lives. They don't want to spend their entire lives at work and I think it's great.


So this is beautifully idealistic and all but are all Gen Z independently wealthy? To abide by this life mantra they must live off of parents' savings, gifts, trust, inheritance, etc. I love the premise but am confused by the real world application. This is the same generation who takes to Twitter to non-stop complain about how expensive life is, how they cannot afford a house, blame boomers for the high cost of living, and so forth ...but they don't want to work?

I have a feeling that it'll be fun for a few years when they're young. We'll hear a different tune in a decade when they're mid-late thirties and have no savings. Living life as an influencer is short lived and revenue - if any - will shortly dry up


I think they’re not independent by any metric. But once you’ve given up on affording housing on your own you have a lot more slack in the budget.


Ok. So where do they live? Everyone needs to live somewhere and salary to cover rent or mortgage. Honestly, I think GenZ is going to have a sobering wake up call, as they're so far removed from reality than older generations


GenZ are not going to have kids. They don’t need the same expensive housing and plan to work remotely in cheaper locations.

It may not work out that way, but there is ZERO chance that most of them can hustle enough to actually afford homes. Not everyone gets to be a BigLaw partner or CEO — and they saw their parents grind away and then be laid off from middle management at 50.


GenZ's parents are Gen-X. They were not laid off at 50. Not anywhere close. And if GenZ wants to move to cheaper cities, they can make housing happen. Staying in DC, SF, NY, or LA isn't going to work.

I think Gen Z is just the social media generation. Their dreams are created by IG and TikTok. It's a different world.


I am Gen x. My first kid was born in 2011. Not Gen z. Still in elementary.


NP. Most GenZ have GenX parents.
Anonymous
Post 04/25/2023 17:03     Subject: Gen Z doesn't seem to care about career advancement??

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Gen Z lower level IT people have 2-3 jobs. My coworker said hid 34 year old nephew is all “bro upped”” with his 22-29 year old staff. He did performance review and all were Meets Expectations and coasting making 70-90k a year.

He then gave speech that could take on extra and work harder and make like a 30-40 percent. After a long pause. One guy goes dude you know we all have 2-3 Low level IT jobs paying 80-90k a year. We only want low bare minimum jobs.

He was pisses he was lowest paid person in department as he was only one with one job.


If this really is a thing, eventually there will be services to check employees status.

We are new into the WFH world, but that “credit check” is coming.


It already exists & is called the work number. You can freeze it.


My DD who is 1 year out of college works at an employer where you need approval to do any kind of second job (including Uber) & need to fill out a form detailing parents’ & hers (none yet) investments & jobs multiple times a year. This is a financial services org


“Require” there is no law stating you can’t have a second full time job. Or third full time job. Or part time job. That is just a company policy to disclose.

So let’s say you DD makes 65k a year at her job. She takes a second Job at 75k. She does not disclose. Why would she as they would just say no.

Well let’s pretend she “gets caught” so what. She collected double pay and still has a job.

Most times I say 99 percent people don’t get “caught” they just have trouble juggling and get let go and burn a bridge.

And even if they do some companies just tell you quit other job. Plus some people create LLCs and “consult” for instance I could create LLC in wife’s name and consult.



I'm no lawyer but I'm pretty sure collecting two paychecks for working the same hours is called "fraud" and there's certainly a law against that.


Exempt employees are not hourly so no. Lawyers double bill all the time.


Double billing is also illegal:

Raleigh bankruptcy attorney Mark Kirby was indicted in federal court on 16 counts of billing fraud. Among other offenses, he billed 90 hours in one day. Between June 1990 and July 1991, Kirby billed a total of 13,000 hours, even though that 13-month period, calculated at 24 hours a day seven days a week, was only 9,500 hours long. Yet Kirby's trial resulted in a hung jury. His defense: everybody does it.

Kirby eventually pled guilty to one count and was sentenced to 15 months. Hubbell received 21 months in prison, though one former Arkansas Supreme Court judge argued it was unfair to single out Hubbell when billing fraud is so common and so rarely prosecuted. Indeed, the justification that "everybody does it" is widely used in the legal community. "The problem is not so much the behavior of one lawyer" says Professor Bogus, "as it is the conduct of the firm."

If attorneys believe that they can ethically "multi-task," by billing two, three or more clients for the same hour, or bill for the "value" of their services, even when that value vastly exceeds the time the work actually takes, lawyers like Kirby will continue to be the inevitable consequence.


https://www.upcounsel.com/lectl-the-billing-abuses-of-lawyers

Anonymous
Post 04/25/2023 16:49     Subject: Re:Gen Z doesn't seem to care about career advancement??

I'm Gen Z. Honestly, we learned from the errors of our parents and the ways they were misguided.

A job is a job. One job isn't more important than others. We saw this reflected most recently during the pandemic when those deemed essential workers were the ones who kept society chugging along (grocery workers, retail/pharmacy workers, truck drivers, warehouse distribution workers, etc.). The jobs that most people on here turn their noses up at and bicker about who and how much they should tip those workers.

My parents are big on having a good career, however in their eyes, a career = white collar and prestigious. That's not the definition of a career. A career is an occupation undertaken for a significant period of a person's life. Someone who works at Harris Teeter for 25 years has a career the same as a partner at a law firm. My sibling is a bartender who made over $90k last year. My parents do not view my sibling's job as a career even though he has been doing it for over 15 years. Even though he supports himself by doing it. Even though he is able to afford his mortgage. Even though he's able to support his wife and daughter. They constantly say things such as "you're almost 40, when are you going to get a career and a good job?"

The job ends when it's quitting time. This is something my parents never seemed to grasp. I know many of my friend's parents didn't follow this either from what I saw when at their homes. I can remember so many evenings spent watching TV while my parents worked away on their laptops on the couch. Or watching my dad pace the sideline on a work call at my games. Or running into Giant at 7 am before school with my mom to buy brownies or cookies for an event at school because she didn't have time to bake them because she had to work from home. If I'm not getting compensated for working after quitting time, I'm not doing it.

Company loyalty = talking points for hiring you and keeping up employee morale and nothing more. We all need to stop lying about loyalty when it comes to jobs. Being loyal to one company doesn't make you special or keep you safe. I saw this twice with my mom. She worked for 15 years at one company before she was let go because her department was outsourced to another country. She found a new job and worked there for 10 years and the same thing happened again. If you live in a right to work state, there is no company loyalty. Just because I have been working at your company for 5 years, it doesn't mean I owe you anything if a similar position comes along that offers me only $5k more. If you can't match that measly offer, peace.

Job hopping = good. I'm 24 and I have job hopped 4 times in 2 years. I've also gone from $62k to $69k to $76k to $83k. When I see a job advertised for more than my salary and in the same field, I immediately apply. I'm good friends with a guy who started at the same time as I did at my first job and almost 2.5 years later, he's not yet making much over $64k. I encourage him to leave all the time and send him positions to apply to but he's a bit older (I think Gen X) and enamored with the name appeal of working for that company.

College = great but not worth the debt. I went to NOVA for 2 years and then transferred to VCU. I was able to work and pay for my NOVA classes and didn't need to touch the small college fund that my parents and grandparents had contributed to (under $15k). I graduated college with very little student loan debt. My colleagues and I were discussing student loan debt and what we think will happen (ever be canceled, is the pause really ending soon, etc) and the amount of debt most of my Gen X coworkers have is staggering.
Anonymous
Post 04/25/2023 16:46     Subject: Gen Z doesn't seem to care about career advancement??

They're living on their own terms bc the ones in the workforce are ages 22-26 right now. They aren't in their lifetime jobs or even their lifetime careers. They are doing whatever they're doing for 2 years or whatever and then will move onto the next gig or business school or law school or whatever (though I do see less eagerness to take on more debt for more schooling so maybe not but they'll job hop).

So of course while they're young and single and living amongst friends they want to have time to hang out at the breweries or live music concerts or take road trips or whatever and they realize that an extra 10k in pay or whatever to keep them chained to their desk/work phone is not worth it. Frankly with this gen if they want an extra 10-20k, they'll cook up some nothing social media account that they'll work on on their own time with their own flexibility.

And like with all generations of course this will change. They'll get older. They'll want "security." Most will have kids - whether they say they want them today or not. Most will own some kind of home or apartment and thus have a mortgage. Most will want to retire. The forces that drive each gen aren't different - they just haven't kicked in yet for a gen that is under age 26.
Anonymous
Post 04/25/2023 16:24     Subject: Gen Z doesn't seem to care about career advancement??

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Gen Z lower level IT people have 2-3 jobs. My coworker said hid 34 year old nephew is all “bro upped”” with his 22-29 year old staff. He did performance review and all were Meets Expectations and coasting making 70-90k a year.

He then gave speech that could take on extra and work harder and make like a 30-40 percent. After a long pause. One guy goes dude you know we all have 2-3 Low level IT jobs paying 80-90k a year. We only want low bare minimum jobs.

He was pisses he was lowest paid person in department as he was only one with one job.


If this really is a thing, eventually there will be services to check employees status.

We are new into the WFH world, but that “credit check” is coming.


It already exists & is called the work number. You can freeze it.


My DD who is 1 year out of college works at an employer where you need approval to do any kind of second job (including Uber) & need to fill out a form detailing parents’ & hers (none yet) investments & jobs multiple times a year. This is a financial services org


“Require” there is no law stating you can’t have a second full time job. Or third full time job. Or part time job. That is just a company policy to disclose.

So let’s say you DD makes 65k a year at her job. She takes a second Job at 75k. She does not disclose. Why would she as they would just say no.

Well let’s pretend she “gets caught” so what. She collected double pay and still has a job.

Most times I say 99 percent people don’t get “caught” they just have trouble juggling and get let go and burn a bridge.

And even if they do some companies just tell you quit other job. Plus some people create LLCs and “consult” for instance I could create LLC in wife’s name and consult.



I'm no lawyer but I'm pretty sure collecting two paychecks for working the same hours is called "fraud" and there's certainly a law against that.


Exempt employees are not hourly so no. Lawyers double bill all the time.
Anonymous
Post 04/25/2023 16:21     Subject: Gen Z doesn't seem to care about career advancement??

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Gen Z lower level IT people have 2-3 jobs. My coworker said hid 34 year old nephew is all “bro upped”” with his 22-29 year old staff. He did performance review and all were Meets Expectations and coasting making 70-90k a year.

He then gave speech that could take on extra and work harder and make like a 30-40 percent. After a long pause. One guy goes dude you know we all have 2-3 Low level IT jobs paying 80-90k a year. We only want low bare minimum jobs.

He was pisses he was lowest paid person in department as he was only one with one job.


If this really is a thing, eventually there will be services to check employees status.

We are new into the WFH world, but that “credit check” is coming.


It already exists & is called the work number. You can freeze it.


My DD who is 1 year out of college works at an employer where you need approval to do any kind of second job (including Uber) & need to fill out a form detailing parents’ & hers (none yet) investments & jobs multiple times a year. This is a financial services org


“Require” there is no law stating you can’t have a second full time job. Or third full time job. Or part time job. That is just a company policy to disclose.

So let’s say you DD makes 65k a year at her job. She takes a second Job at 75k. She does not disclose. Why would she as they would just say no.

Well let’s pretend she “gets caught” so what. She collected double pay and still has a job.

Most times I say 99 percent people don’t get “caught” they just have trouble juggling and get let go and burn a bridge.

And even if they do some companies just tell you quit other job. Plus some people create LLCs and “consult” for instance I could create LLC in wife’s name and consult.



I'm no lawyer but I'm pretty sure collecting two paychecks for working the same hours is called "fraud" and there's certainly a law against that.
Anonymous
Post 04/25/2023 14:03     Subject: Gen Z doesn't seem to care about career advancement??

Anonymous wrote:Gen Z is way richer. They are inheriting millions their boomer parents!!

Do you think Alex Baldwin or Jerry Seinfeld gen Z kids are worried


The rich are rich duh
Anonymous
Post 04/25/2023 14:02     Subject: Gen Z doesn't seem to care about career advancement??

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Give them time. It's easy to turn down advancement ($$$) when you're single with no kids or mortgage.


They won’t be marrying, having kids or getting mortgages. Not sure why that’s so hard for many of you to grasp.


None of them? LMAO

You're an idiot.

Gen Z exists outside of your bubble.


Two of my gen z employees getting married this summer.
Anonymous
Post 04/25/2023 14:01     Subject: Gen Z doesn't seem to care about career advancement??

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:I think Gen Z/young millennials has watched their parents work well over 40 hours a week and sacrifice their personal lives. They don't want to spend their entire lives at work and I think it's great.


So this is beautifully idealistic and all but are all Gen Z independently wealthy? To abide by this life mantra they must live off of parents' savings, gifts, trust, inheritance, etc. I love the premise but am confused by the real world application. This is the same generation who takes to Twitter to non-stop complain about how expensive life is, how they cannot afford a house, blame boomers for the high cost of living, and so forth ...but they don't want to work?

I have a feeling that it'll be fun for a few years when they're young. We'll hear a different tune in a decade when they're mid-late thirties and have no savings. Living life as an influencer is short lived and revenue - if any - will shortly dry up


I think they’re not independent by any metric. But once you’ve given up on affording housing on your own you have a lot more slack in the budget.


Ok. So where do they live? Everyone needs to live somewhere and salary to cover rent or mortgage. Honestly, I think GenZ is going to have a sobering wake up call, as they're so far removed from reality than older generations


GenZ are not going to have kids. They don’t need the same expensive housing and plan to work remotely in cheaper locations.

It may not work out that way, but there is ZERO chance that most of them can hustle enough to actually afford homes. Not everyone gets to be a BigLaw partner or CEO — and they saw their parents grind away and then be laid off from middle management at 50.


GenZ's parents are Gen-X. They were not laid off at 50. Not anywhere close. And if GenZ wants to move to cheaper cities, they can make housing happen. Staying in DC, SF, NY, or LA isn't going to work.

I think Gen Z is just the social media generation. Their dreams are created by IG and TikTok. It's a different world.


I am Gen x. My first kid was born in 2011. Not Gen z. Still in elementary.
Anonymous
Post 04/25/2023 13:33     Subject: Gen Z doesn't seem to care about career advancement??

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Gen Z lower level IT people have 2-3 jobs. My coworker said hid 34 year old nephew is all “bro upped”” with his 22-29 year old staff. He did performance review and all were Meets Expectations and coasting making 70-90k a year.

He then gave speech that could take on extra and work harder and make like a 30-40 percent. After a long pause. One guy goes dude you know we all have 2-3 Low level IT jobs paying 80-90k a year. We only want low bare minimum jobs.

He was pisses he was lowest paid person in department as he was only one with one job.


If this really is a thing, eventually there will be services to check employees status.

We are new into the WFH world, but that “credit check” is coming.


It already exists & is called the work number. You can freeze it.


My DD who is 1 year out of college works at an employer where you need approval to do any kind of second job (including Uber) & need to fill out a form detailing parents’ & hers (none yet) investments & jobs multiple times a year. This is a financial services org


This happens in most finance jobs. It's to check for conflicts of interest. It's also to prevent employees from working as consultants on the side using up the knowledge & resources supplied by the company to earn money outside of the company.