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33 Cards in this Set

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Know what talents/skills employers are looking for in college graduates.
Ability to coexist, willingness to learn, determination and persistence, work ethic, flexibility, technical competence, communication skills, problem solving skills, honesty, loyalty
How common are internships and what are the statistics in terms of intern compensation outlined in the article?
Financial industries tend to have the most highly structured and best-paying internships programs, with engineering, computer science, and other sciences also offering pay. At the other end of the spectrum are non-profits, think tanks and the entertainment business. Some bigger company's worker contracts make it difficult for them to pay interns, so they require that interns work for credit instead.
It's tempting to view internships as companies' way of getting smart labor for free. But Vault.com's latest internship study shows that 71 percent of interns have been paid, a 7 percent increase from a year earlier. And more than half brought in at least $11 an hour.
According to the latest survey by Vault.com, a career media publishing company, 62 percent of college students had internships last summer, and so far this year appears to be about the same.
Why have the wages of college graduates become stagnant over the past few years? Be specific.
For decades, the typical college graduate's wage rose well above inflation. But no longer. In the economic expansion that began in 2001 and now appears to be ending, the inflation-adjusted wages of the majority of U.S. workers didn't grow, even among those who went to college. The government's statistical snapshots show the typical weekly salary of a worker with a bachelor's degree, adjusted for inflation, didn't rise last year from 2006 and was 1.7% below the 2001 level.

...Economists chiefly cite globalization and technology, which have prompted employers to put the highest value on abstract skills possessed by a relatively small group, for this state of affairs. Harvard University economists Lawrence Katz and Claudia Goldin argue that in the 1990s, it became easier for firms to do overseas, or with computers at home, the work once done by "lower-end college graduates in middle management and certain professional positions." This depressed these workers' wages, but made college graduates whose work was more abstract and creative more productive, driving their salaries up.
Understand the statistics as they relate to networking importance and job advertisements.
After college 88% don’t use social networking to look for jobs, 12% do, 81% of college students are involved in social networking, 19% aren’t, job advertisements: 33%-45% 50%-70% 75%-95%
What is the relationship between possessing an undergraduate degree and income/salary trends lately?
The Los Angeles Times reported that: "[w]age stagnation, long the bane of blue-collar workers, is now hitting people with bachelor's degrees for the first time in 30 years. Earnings for workers with four-year degrees fell 5.2 percent from 2000 to 2004 when adjusted for inflation, according to White House economists. Not since the 1970s have workers with bachelor's degrees seen a prolonged slump in earnings during a time of economic growth...trends for people with master's and other advanced degrees...have found that their inflation-adjusted wages were essentially flat between 2000 and 2004
According to U.S. Census data, "the number of college graduates earning below the poverty line has more than doubled in the past 15 years to almost 6 million people.
Why is networking important? What is the key to its success according to the research?
This is where personality, style, and preferences come into play. If you're an introvert, you may not like large gatherings. So meet a contact for lunch or go online and build and communicate with your network in this manner. Networking is not simply the act of going to social or "networking" events to try to meet new people. I'd argue that networking needs to be thought of more holistically and approached with a deliberate process mindset (i.e., "Have I networked today?").
Second, I'd stress that most people's networks are a lot better and stronger than they think. They've just not taken the time to map their network or to think about who the important contacts are within their network.
Realize the participation of Hispanics in the workforce as well as unemployment trends currently facing Americans.
Hispanics 14% of workforce, 29% by 2050 unemployment is rising (6.1% currently)
What are the effects of smoking and obesity on American organizations?
Smokers: $1,623 in medical costs and $1,760 in lost productivity, $3,383 total. Obesity - 180,000,000,000
total
Research examining burnout, involvement in a dead end job, looking for a new job, seeking a major career change, and feeling untrained for one’s current job indicates what?
people hate their jobs
What occupations will experience the most openings for college graduates through 2014? Which ones pay the most according to the report?
Postsecondary Teachers, Elementary Teachers except special ed, accountants, secondary teachers, software engineers. Pay the most: Physicians, CEOs, Dentists
Aggressive growth rates are occurring in which occupational sectors? What jobs are most available for those with graduate degrees?
Within the "professional" rubric, three particular sectors are displaying the most aggressive growth rates: computer/mathematical, community/social service, and health practices jobs are each projected to grow by more than 20 percent in the next decade, with education/library jobs following at 14 percent
• Computer software engineers (the #4 fastest growing job) had the highest median income in 2006, coming in at more than $79,000.
• Veterinarians (the #9 fastest growing job) are close behind with a median income of nearly $72,000.
• Financial analysts and advisors place next in terms of salary (#12 and #6) at $66,000 median income for each.
• Dental hygienists (#18) are also well compensated at a median of nearly $63,000
For workers who have graduate school degrees, the clear leader in job growth is the position of college professor. In 2008, roughly 38,000 of these jobs will be created in colleges and universities nationwide. The runner-up job in demand for graduate degree holders: physicians. There will be a new demand of up to 9,000 this year in that field. Attorney jobs come in a close third in growth, followed by clergy and pharmacist positions.
What are the historic trends with respect to the occurrence of both US and world natural disasters?
World natural disasters are much worse.
Define and describe the forms of stress that we discussed as related to the onset of natural disasters.
Acute Stress at Work – Something that happens that is unexpected, outside the organization, and is traumatic, shocking, and stressful.
Chronic Stress at Work – A stressor that is expected, happens frequently, is expected, and develops over time.
Hurricane stress was associated with increased rates of depression.
Hurricane stress was associated with interpersonal conflict at work.
Hurricane stress caused individuals to participate in fewer leisure activities away from work.
Individuals reporting higher levels of hurricane stress were more prone to develop negative attitudes at work (i.e., "I hate my job").
Hurricane stress was associated with higher levels of organizational cynicism.
Hurricane stress caused individuals to become more accountable for getting their job done faster, which required increased effort and energy.
Hurricane stress caused employees to become more anxious and jittery on the job.
Discuss the rules as they apply to essential workers? What plans are made for their families when natural disasters occur?
Under state law, employers — from city governments to refineries — can order personnel to stay on the job to protect the general public or restore vital services. In return, said Marva Gay, an assistant Harris County attorney, the employer must provide workers adequate emergency shelter.
The Texas state hurricane preparedness plan doesn't address the problem of first responders' families, said Rachael Novier, a spokeswoman in the governor's office. Instead, each agency is encouraged to develop its own plans for workers' families.
What was the major finding of my study looking at hurricane job stress?
The authors
hypothesized that heightened hurricane-induced job stress would increase adverse reactions for
those with fewer perceived resources. Conversely, the authors expected higher levels of perceived
resources to neutralize these effects. Results support the hypothesis across studies.
Interestingly,
job satisfaction improved for those with high levels of perceived resources as hurricane-induced
job stress increased in two studies
Responsibilities of organizations when confronted with an unplanned disaster include…?
Don’ t let anyone die100
Consult the manual
Maintain payroll
Secure important data
Keep benefits coming to employees/examine plans
Offer loans with favorable repayment plans
Allow grief and provide counseling
Understand the number of jobs lost after Katrina as noted in the BLS report. See the chart and description.
The over-the-year loss to the city economy averaged 95,000 jobs during the first 10 months after the hurricane. The job-loss trough occurred in No¬vember 2005, when the employment total was 105,300 below what it had been a year earlier. Ten months after the hurricane, in June 2006, the over-the-year job loss had diminished to 92,900. The loss in wages during the 10 months following Katrina was approximately $2.9 billion, with 76 percent of it, or $2.2 bil¬lion, associated with the private sector.5
What is the chronology (e.g., timeline) of cynicism as it relates to politicians and eroding trust?
Your Cynicism Score
< 15 points = generally trusting
Between 15 and 20 = somewhat cautious
Between 20 and 30 = You think people are out to get you
Okay, how does that compare?(all 20 year olds)
1945 --- 11.90
1975 --- 13.75
2006 --- 18.75
What states had the most favorable and least favorable changes in median household income (2000-2006)?
Rhode Island, Wyoming, Montana, North Dakota, and DC had the most favorable, Michigan, North Carolina, Oregon, Utah, and Mississippi had the least favorable.
Why are employees experiencing a general malaise in the workplace?
Workers are dealing with a higher cost of living in an uncertain economy, where they are faced with smaller salaries or potential job loss. Extra financial stress has brought a "general malaise" to the workplace
From 1988 to 2007, what are American’s perceptions regarding the heightened “haves and haves not” dichotomy?
Today, Americans are split evenly on the two-class question with as many saying the country is divided along economic lines as say this is not the case (48% each). In sharp contrast, in 1988, 71% rejected this notion, while just 26% saw a divided nation.
Of equal importance, the number of Americans who see themselves among the "have-nots" of society has doubled over the past two decades, from 17% in 1988 to 34% today. In 1988, far more Americans said that, if they had to choose, they probably were among the "haves" (59%) than the "have-nots" (17%). Today, this gap is far narrower (45% "haves" vs. 34% "have-nots").
Total: 1998 – 26% 2007- 48% (change: + 22) [is America divided into haves/have nots?]
The American Heritage Dictionary defines cynicism as “………….?
An attitude of scornful or jaded negativity, especially a general distrust of the integrity or professed motives of others: the public cynicism aroused by governmental scandals.
A scornfully or jadedly negative comment or act: “She arrived at a philosophy of her own, all made up of her private notations and cynicisms” (Henry James).
If you are a manager, the most important ways to minimize cynicism are …?
Communicate Regularly
Fit the person to the job
Recognize performance
Develop your employees
Find ways to have fun
understand the importance of non-work
Create a healthy and safe environment
be straight with people
1. When is cynicism a potentially favorable attitude?
Healthy skepticism means you’re thinking about things – you’re engaged
2. Cynicism can lead to less stress if you uncover malfeasance
3. Coping can serve as a coping mechanism
4. Cynicism, when directed appropriately, can cause much needed change
5. Cynicism can call to management’s attention things they are screwing up
Understand the impact of ADHD on work and society
Adult ADHD affects _5__% of the working population, which is associated with __35_ days of annual lost work performance.
The top ten managerial pet peeves at work were…..?
1. Abuse of sick leave 2. Poor Hygiene 3. Out – of – control cubicles 4. Unorthodox Noises 5. Obnoxious cell phone behavior 6. Extended smoking breaks 7. Poor table manners 8. Selling your wares at the office 9. Red vs. Blue states 10. The office sour puss
Discuss men’s absence behavior
Men call in sick about half as much as women, regardless of whether they have kids.
What are the facts as they relate to technology use during off-time, required accessibility, and vacation utilization?
50% of employees use technology to work during nonwork hours

30% say they have to be accessible to others at work ALL THE TIME.

1/3 of employees will not take their full vacation time

14% of employees take two-week vacations

On average, employees say that it takes them 3 days to relax when they go on vacation, including travel

A significant proportion of the U.S. workforce (43%) returns from vacations feeling overwhelmed by everything they have to do. time.
How can employees’ constant feelings of overwork affect the organization?
Roughly one-third of workers are chronically overworked, which increases stress and depression levels, as well as the number of mistakes made on the job, found the Families and Work Institute, a New York-based nonprofit. Overworked employees can have tremendous repercussions on the employer, said Ellen Galinsky, president of the Families and Work Institute and a lead author of the study. "Not only do mistakes cost money, but stress related illnesses--like depression--account for the highest behavioral healthcare costs," said Galinsky.
How much time do women (e.g., not working, working part-time, and working full-time) spend caring for their children?
Not working – 3.5 hours per day, part time – 2.8 hrs per day, full time – 1.9 hrs per day
How do mothers and fathers with children under the age of 18 differ in their perceptions of an ideal work situation?
Fathers would rather work full time (72%) Mothers would rather work part time (50%) or not work (29%)
How can guilt be managed according to the researcher?
change what it means to have it all, make a commitment to just hang out with your family or spouse, turn off your cell phone when you walk in your front door.
Be able to describe the personal balanced scorecard and its related perspectives.
The personal balanced scorecard (PBSC) encompasses personal ambition (mission, vision, and key roles), critical success factors, objectives, performance measures, targets, and improvement actions. Personal ambition is a set of guiding principles that clearly states who you are, where you are going, where you want to be, etc., and that embodies your values.

The PBSC elements are divided among four perspectives, which should be in balance:
1. Internal: your physical health and mental state
2. External: relations with your spouse, children, friends, employer, colleagues, and others
3. Knowledge and learning: your skills and learning ability
4. Financial: fiscal stability