August Job News

August Salary and Job News
The job recovery remains uneven. Those who find employment may have to settle for a lower salary or consider different approaches to get more out of their careers. Consider these reports that tell the current story about jobs and salaries:

USA Today: Across USA, Pace of Jobs Recovery is All Over the Map

The slow recovery has forced industries to explore new parts of the country, creating opportunities for cities to diversify their economies and workforce.

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Training Return on Investment

Job Education, ROI

Training ROI

Assets is a category most often defined to include tangible things such as capital, land, stocks, bonds, equipment, goods and property. What about intangible assets like knowledge or skills? Those are just as important as tangible assets if not even more so. Intangible assets are much harder to quantify and measure precisely because they are not visible things. They can only be seen indirectly through their effects on tangible assets.

Evaluating the return on investment or ROI for further training or education can be thus fairly difficult. Assigning or imputing money amounts to specific intangible assets is almost impossible. However, the Philips ROI Methodology can help put a dollar sign on the possible return from investing time and energy in additional study.

Philips ROI Methodology

The basic formula is Net Program Benefits/Net Program Costs multiplied by one hundred. The apparent simplicity of this formula is shattered when the actual benefits and costs are calculated. Estimates for them must be prepared according to this methodology. Essentially, participants are asked to assign percentage values as expressions of certainty to their estimates of how much a particular result is worth to them in money terms. Multiplying the dollar estimates by the percentage amounts supposedly yields a reasonably firm foundation for building a quantitative analysis of any prospective benefits.

Accountants are understandably wary of such practices because they are necessarily uncertain. They cannot be accurate enough to be accepted into the corpus of generally accepted accounting principles or GAAP used in the United States. GAAP only recognizes intangibles in so far as they relate to other accepted concepts like intellectual property. This presents a major problem for proponents of this ROI methodology. What is the best way to estimate ROI for education?

One way, which may not be the best, is to use current salary data for different occupations to gauge how much a worker’s salary could be increased by continuing his education. Matching this data against the full cost of additional training can provide a relatively good proxy of a cost/benefit analysis. Potential salary increases over and above the cost likely indicate that more education in the chosen field is an investment that will yield a return.

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April Link Round-Up

There have been some great posts produced by other career bloggers lately. All of these sites are fantastic, check them out!:

Do Just One Thing Differently – J.D. wrote a nice post on how committing to one small change everyday can change everything. I really enjoy his perspective on expanding the impact of the experiment, too. (Get Rich Slowly)
Follow Your Passion – Baker writes on the importance of finding your unique strengths and following what you feel genuinely passionate about. (Man Vs. Debt)
How to Focus Your Energy – Penelope wrote a great post on how to give attention to those things that are truly the most important in life. (Penelope Trunk)
How LinkedIn Pages Can Help Your Job Search – Check out Lindsey’s post on using a company’s LinkedIn information page to learn about a company you’re considering applying or interviewing for. She points out that these pages are a great source of centralized information and can prevent being unprepared. (Lindsey Pollak)
How to Find Legitimate Work From Home Opportunities – Maggie wrote an interesting piece on how to avoid dead end work at home opportunities and find truly legitimate ones. She also offers a few services who list quality work prospects. (Maggie Mistal)

Read up and let the good feeling of spring propel your career advancement!

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The Evolution of the Office

Most of us spend the majority of our waking hours in the office. It’s where we earn our livings, receive social interactions, and find our professional identities, which makes it an excellent gauge for the development of society. The images below depict the evolution of the office from as early as the 1500s all the way to today. It’s fascinating to see how the adoption of new technologies, fashions, and attitudes has changed our second home. And some of these might just make you appreciate your modern second home a little more!

1500-1770 - In their formative stages, offices were more like independent studies. Be glad you don’t have to wear a robe to work and write in ink-dipped pen.

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How the Largest Corporations Have Profited From the Poor Economy

Time has an interesting article that explains how the largest US corporations have been the biggest beneficiaries of the Great Recession:

The big winners of the recent Great Recession have been the largest U.S. corporations. This isn’t simply because they are greedy and rapacious, or because they can steamroller everything in their path. Rather, it reflects the fact that they are in a position to use the recession as a positive opportunity to restructure and become more efficient, while government, small businesses and most American households are forced by circumstances to play defense.

In every economic system, there have to be occasional corrective phases, where inefficient and uncompetitive businesses and services are eliminated, costs are lowered, and ground is cleared for new growth. But not every part of the economy is equally well positioned to do this. Government usually has to worry first about unemployment. It therefore tries to preserve current jobs and existing businesses, rather than focusing on restructuring government services to make them more effective or reforming social programs to lower their long-term costs. Most households and many small businesses give top priority to immediate concerns in a recession, because they have to respond to the short-term pain rather than the potential for long-term gain.

According to the article, the ways corporations have profited are:

  • Reduced labor costs and increased productivity
  • The ability to refinance debt at lower interest rates
  • Continued increase in profits
  • Large cash holdings

So apparently the recession has been a great excuse for large companies to fire people and increase their profit margins, they can borrow money at lower rates than ever while the average small business owner or individual can’t get credit, and their large cash holdings allow them to take advantage of numerous investment opportunities. It’s not easy to see why people are outraged that the government gave bailouts to large companies who are doing great anyways.

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25 St. Patricks Day Drunken Disaster Photos


Tomorrow, millions will flood the streets and bars to celebrate luck, leprechauns, and the color green. Wherever your St Patty’s Day takes you, don’t end up like these guys. Here are 25 St. Patricks Day Drunken Disasters for your viewing pleasure:

Even pretty girls get arrested:

This leprechaun has wet his pants:

Urinal faceplant:

Her day ended early:

Quick nap in the toilet:

Green beer isn’t meant for dogs:

Keep your pants on:

That must be some really hard lemonade:

Super drunk face:

Asleep in the bathroom:

The drunken stumbler:

Half of this will end up on his shirt:

What’s her excuse?:

Remember, pictures last forever:

Sweet pajamas:

Chump or champion?:

Not a very comfortable looking pillow:

Tampon. In the mouth:

Puking in the street:

Leprechauns are subject to the law, too:

A new way to smoke?:

Beer bottle silhouette:

Beer can bath:

Apu taking it to the next level:

This guy got it the worst!:

We mean all these in good humor. St. Patrick’s Day can be a great time, just be responsible and have fun!

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40 Hilarious and Provocative Cubicle Modifications

Aluminum Foil

Bamboo

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20 Science-Based Tips to Improve Workplace Effectiveness

  1. Before you begin a task, imagine the stereotype of people who excel at that task.
  2. Need to make a complex presentation to your boss? Do it in the morning. Save the fluffy stuff for the afternoon.
  3. Make hand gestures while learning to improve your memory.
  4. Use fictional narratives making a point to become more persuasive.
  5. Hold off on threats unless your negotiation opponent is unresponsive and does not show any negative affect from your points.
  6. Be more persuasive by piling up the evidence in support of your claims.
  7. Use front vowel sounds (long a, e, i) and fricatives (f, s, and z) if your prices to make them seem smaller.
  8. Don’t put yourself into competition with a large number of people because it lowers your motivation.
  9. Present your best product or service first because the order of presentation makes a difference in purchasing behavior.
  10. Make sure some of your products are sold out or unavailable, because it will lead customers to believe your other products are more desirable.
  11. Bring coffee to all your meetings, presentations, and sales calls to become more persuasive and ensure your message sticks.
  12. When negotiating on price, the higher you start, the higher the final price will likely be. The opposite is true for auctions.
  13. Don’t brown nose your boss if you aren’t good at it because it will only work against you.
  14. Avoid name dropping because it makes a bad first impression.
  15. Show anger when you make complaints, especially if your complaint is somewhat dubious.
  16. Work on your networking because it’s the key to finding a job and advancing once you have one.
  17. Use routine to automate as many daily task as possible so they become easier to complete and less taxing on your will power.
  18. Use numbers, whenever possible, when presenting information to your boss.
  19. Let employees control their own work schedule to prevent mental fatigue.
  20. Hire managers who believe that personality traits are malleable because they’ll be better equipped to spot changes in employee productivity.
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Jobs of the One Percenters

The NY Times has created an interesting graphic that shows what types of jobs are most popular among people from the top 1% of households in terms of income.

As you might expect, careers in law and medicine are among the most common. So are management positions and executives. One aspect of the chart that I’ve seen many people question is that it uses top 1% of income earners, rather than net worth which is a better representation of wealth. It also includes spouses of high income earners, which allows careers like teaching and administrative jobs to make the list.

While this graphic probably won’t get you any closer to the top 1%, it’s interesting to see how the rich people of the country make a living.

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Are Hormones Responsible for Women’s Non-Traditional Career Choices?

Why do some women prefer careers as nurses or social workers while other women prefer more traditionally masculine careers such as engineers or chemists? The topic of sex differences in certain occupations is a topic of avid debate among both the general public and scientific communities. After all, there is concern that women are underrepresented in the science, technology, engineering, and mathematics (STEM) sectors – careers that offer more prestige and money than traditional female careers.

Many different individuals and groups surmise as to why this particular disparity exists; for instance, many people blame cultural stereotypes that dictate which careers are acceptable for males and females. Other people believe that certain negative social issues deter women from succeeding in these fields, while there is also the popular argument that women tend to shy away from scientific careers due to socialization. For instance, the career interests of children are directly tied to parental expectations. In fact, studies reveal that the gender-related parental expectations of teenagers positively correlate with their future career choices.

Biology Determines Occupational Choices?

According to psychology researchers at Penn State University, specific sex hormones directly influence people’s general interests. In turn, these specific interests directly affect which careers these individuals choose to pursue.

“Our results provide strong support for hormonal influences on interest in occupations characterized by working with things versus people,” said Adriene M. Beltz, a graduate student in Psychology working directly with Sheri A. Berenbaum, a Professor of Psychology and Pediatrics at Penn State University.

With respect to the study itself, Berenbaum and her associates looked into people’s interest in science, technology, engineering and mathematics (STEM) careers. More specifically, the researchers studied young adults and teenagers that suffer from a genetic condition called congenital adrenal hyperplasia (CAH) – and their siblings that do not suffer from this condition.

What is Congenital Adrenal Hyperplasia?

Congenital adrenal hyperplasia, a rare enzyme deficiency, is a condition that begins in uteri and causes the adrenal glands to over secrete androgens. Androgens, themselves, are steroid hormones – such as androsterone or testosterone – that control both the maintenance and development of masculine characteristics in individuals. In some cases, when a baby is born, there can even be confusion over the gender of that child. However, when there is an issue, females do usually have corrective surgery while they are still infants – and then they are raised as females by their parents.

Research Findings

Previous findings noted that while females with CAH are genetically female, they do tend to display more traditionally male-oriented interests. The current research conducted by Berenbaum and others discovered that females with this condition were more interested in careers that involved “things” instead of careers that involved “people”. Further, the more androgens that these CAH women were exposed to, the more interested they were in careers that involved “things” over “people”.

“We took advantage of a natural experiment,” said Berenbaum. “We’re suggesting that these interests are pretty early developing.”

Conversely, women without CAH displayed less interest than men in careers dealing with “things”. Instead, these women were more interested in more social and more stereotypical female careers such as teachers or nurses. That said, with respect to the males involved in this study, it was discovered that there was no significant difference between males without CAH and males with CAH.

Occupational Interests of CAH Females & Non-CAH Females

Research Study Details

The study, itself, involved asking 125 research participants to rate items in a list of sixty-four occupations as to whether or not they would dislike, like, or were indifferent to doing a particular career-related job. Specifically, forty-six females with CAH, twenty-one non-CAH females, twenty-seven males with CAH, and thirty-one non-CAH males took part in this study. Further, participants came from a variety of socioeconomic backgrounds. The types of careers involved in the study included social, enterprising, conventional, realistic, artistic, and investigative career types. Since career counselors utilize these categories on a regular basis, this system was a well-established one.

With respect to ratings, investigative and realistic careers were referred to as “thing” related careers, artistic and social careers were noted as being “people” oriented careers while enterprising careers offered more “middle-ground” as these types of careers involved primarily working with both “things” and “people”.
Important Considerations

Berenbaum wanted to stress that choosing a career is a complex process, and there can be a variety of factors that affect people’s career choices. In addition, personal interests are only one contributor when it comes to choosing an occupation.
Moreover, while there may be biological roots, socialization can magnify these once minor differences over time until these differences become larger. Further, just because biology may influence certain behavior, it does not mean that certain behavioral and cognitive skills cannot be learned.

“I would argue that if we know the genes that influence a certain behavior, it might be easier to change them with an environmental intervention because we would know what we’d be targeting,” said Berenbaum.

In addition, due to the findings that career choices have early roots in both biological and early social development processes, Berenbaum suggests that society should emphasize the “people aspect” of scientific careers in order to encourage more women to become involved in these types of occupations.

Overall, the issue of gender and career choice is an extremely controversial – yet important – issue. What are your thoughts on this matter?

Sources:

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