The recession has affected almost every industry, including the financial industry. It’s a smart move to get in a career that has some longevity in our changing future. Here are five careers in finance that have a bright outlook. 1. Risk Management Analyst Risk is a significant word in the financial world. The importance of
An aging population, deteriorating environmental conditions, and the government’s push for making sure everyone has medical insurance all contribute to enormous job growth in the healthcare field. Even some careers you may never have heard of are well on their way to becoming common in medical facilities. Here are the top five emerging careers in
While it should never be the main focus, salary plays an important role in your career. As you spend more time in the professional world, you’ll gain skills that will increase your value to your employer as well as increase your earning potential in the job market. Even if you negotiated a competitive starting salary
You know it’s time for a career change when… you clicked on this link. You see, the little voice inside your head, the one that grumbles during your commute on Monday morning and complains that your talents and skills are wasted at your current job, made you click on this article. Whenever we make a
Even the Most Well-Intentioned Managers Commit These Cardinal Sins Are You Guilty Of Any of These? Contrary to popular belief, most managers aren’t ineffective because they’re monsters lording their power over underlings. Most of the time, it’s because they’re making mistakes — just like the rest of us. It’s true that for every mistake you
A Checklist of Attributes to Consider Before Handing Out Pay Bumps Know What to Look For So your employees want a raise? That’s understandable and expected. But do they DESERVE a raise? Too many employees only think about things from their own perspectives. But if you want to determine which ones are truly deserving of
Startups Should Highlight Advantages to Overcome Hiring Challenges How Startups Can Hire More Effectively You just got funded, congratulations! By now, you’ve likely accepted the condition of working with limited resources as the price for entrepreneurship. It’s not typical to receive carte blanche from your investors when it comes to paying yourself or your people.
Employers benefit from having both formal performance review and compensation review cycles. Many companies have a semiannual performance review cycle. One of the two reviews often coincides with the normal annual salary review while the other is used sparingly for special or off-cycle salary adjustments. This formal process is helpful because it allows the employer
What a Waste Your employees are paid to provide a service, so ideally they would clock in for a designated number of hours and work as hard as they can in that time to produce maximum productivity and results. But since we’re dealing with human beings and not robots, we all know that’s not the
It Starts With the CEO Chief Executive Officers (CEOs) get paid lots of money for being the top employees in the company. Why do they get paid so much? Like athletes and actors, CEOs provide a level of talent that is required to produce the desired product – in this case, a strongly performing company.
Pay Structures A company’s pay structure is the method of administering its pay philosophy. The two leading types of pay structures are the internal equity method, which uses a tightly constructed grid to ensure that each job is compensated according to the jobs above and below it in a hierarchy, and market pricing, where each
Employee Retention Myths and Tips EMPLOYER MYTH #1: Employees are browsing but not actively looking around for new jobs FACT: Over 60% of employees are actively looking to leave their employer within the next three months. Additionally, the intensity of employees’ job search is grossly underestimated by many employers. Many employers understand that their employees
Why Failure to Motivate Your Employees Will Drive Them to Leave What We’ve Seen Small businesses frequently fall into the trap of treating compensation programs as “something to worry about when we get bigger.” The fact is, small organizations need to attract, retain and motivate employees, and compensation is a critical piece of total rewards.
Addressing the Impact of Salary Size on Employee Engagement What is Reality? Does the size of an employee’s salary drive his or her belief in the fairness of pay? That’s a question Mark Szypko explored in the KWC session “Perception is Reality: The Importance of Pay Fairness to Employees and Organizations.” The context in which
Descriptions of job titles appear in a variety of forms in the workplace. Recruitment ads, compensation surveys and other benchmarking tools, as well as corporate or departmental development plans all use some method of describing a job. The brief descriptions of highlighted positions that are seen in compensation surveys and other benchmarking tools are called
Steer Clear of These Careers on the Verge of Extinction The Future Looks Grim For Some Occupations Remember those men who went door-to-door selling vacuums, encyclopedias and other wares? Today, they are thing of movies and memories. The simple fact of the matter is some careers are fleeting, and aren’t good bets for the future.
Careers That Pay a Whole Lot Less Than You Think That’s All They Make?! All through my childhood, I thought classroom teachers must make a million dollars a year. After all, look at how much they work both inside and out of the classroom. And consider the work they do — shaping young minds. These
Knowing Your Hiring Personality Makes You a Better Interviewer People Relate to Themselves Whether you recognize it or not, most hiring managers have a hiring style that is more reflective of who they are as a person, and not necessarily reflective of the companies for which they work. However, like a duck drawn to water,
Going, Going, Gone You know all those movies where the robots become sentient and start to rise up against humans? Well, turns out it might not be as much hyperbole as we originally thought. Technology is advancing at lightning speed, and if it strikes people in certain professions there’s a pretty good chance they could
