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41 Cards in this Set
- Front
- Back
- 3rd side (hint)
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What are the misconceptions in finding & maintaining jobs?
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1. Jobs ain’t gonna find you
2. Gonna make one hundred grand in one year 3. The resume you make the night before will kick butt 4. Companies look solely at GPA when choosing applicants 5. High grades plus nothing else will get you a good job 6. A first impression isn’t important 7. The first job isn’t important |
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Employers views on younger employees... major points?
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o “Poor communication and non-classroom skills continue to hurt college graduates in the workplace”
o “Because of instant messaging and technologies the college generation isn’t used to face-to-face interactions” o “Another potential obstacle for new business graduates is that many in this generation of workers have a sense of entitlement—too many times they come out and have unrealistic expectations that they should be at the top pretty quickly” o “Not willing to start at the bottom and work your way up” o “When forced to really work hard on something or stretch themselves, they hide, run for help, call home, or simply quit” |
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Which occupations are doing well and why?
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Majors...
o Accounting majors: led the way in job prospects with nearly 46% of them receiving job offers o Business majors: 44% of them getting an offer o Computer science, Engineering, & Mathematics majors: 39%-43% offer rates Why... o In fields like accounting, manufacturing, and professional services like consulting, recruiters say they are gearing up to hire more college seniors next year as the economy improves |
Deloitte hired 4,800 graduates during current fiscal year; planning to hire 5,300 next year
quote: “our hiring has always been aligned with our business growth and there’s anticipated growth in several sectors including federal gov. and health care” |
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According to Pew Research, why do younger employees suffer with UE & underemployment rates?
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According to the Pew Research Center, 27% of 18-29 year olds (aka: “Millennials”) have been unemployed or underemployed since recession began in December 2007
o They are a hard sell to employers—who see them as needy, entitled and not loyal o Although they are cheaper, they are competing with far more experienced candidates for entry-level jobs |
Six things to help present themselves to prospective employers in the best way
1) remember its not all about you • show not only what you want to get out but what you can offer to the company 2) learn how to interpret job postings • sometimes a company’s slate of requirements for a position is more of a wish list—don’t dismiss a job posting if you don’t have exactly what it says 3) stress your ability to multitask and communicate efficiently • describe yourself as being “incredibly responsive” 4) make social media a selling point • many companies still don’t know how to take advantage of the 500 million people on Facebook—take advantage of your knowledge of media 5) Be creative in articulating your skills • employers aren’t necessarily looking for someone who’s managed a department, they just want potential 6) Don’t forget etiquette • don’t leave your cell phone on the table during an interview • be prompt—but don’t go overboard • thank-you notes are still very important—e-mail is acceptable “if your interview was at 10AM, I would love to see a note before 5PM |
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What are the misconceptions in finding & maintaining jobs?
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1. Jobs ain’t gonna find you
2. Gonna make one hundred grand in one year 3. The resume you make the night before will kick butt 4. Companies look solely at GPA when choosing applicants 5. High grades plus nothing else will get you a good job 6. A first impression isn’t important 7. The first job isn’t important |
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Employers views on younger employees... major points?
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o “Poor communication and non-classroom skills continue to hurt college graduates in the workplace”
o “Because of instant messaging and technologies the college generation isn’t used to face-to-face interactions” o “Another potential obstacle for new business graduates is that many in this generation of workers have a sense of entitlement—too many times they come out and have unrealistic expectations that they should be at the top pretty quickly” o “Not willing to start at the bottom and work your way up” o “When forced to really work hard on something or stretch themselves, they hide, run for help, call home, or simply quit” |
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Which occupations are doing well and why?
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Majors...
o Accounting majors: led the way in job prospects with nearly 46% of them receiving job offers o Business majors: 44% of them getting an offer o Computer science, Engineering, & Mathematics majors: 39%-43% offer rates Why... o In fields like accounting, manufacturing, and professional services like consulting, recruiters say they are gearing up to hire more college seniors next year as the economy improves |
Deloitte hired 4,800 graduates during current fiscal year; planning to hire 5,300 next year
quote: “our hiring has always been aligned with our business growth and there’s anticipated growth in several sectors including federal gov. and health care” |
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According to Pew Research, why do younger employees suffer with UE & underemployment rates?
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According to the Pew Research Center, 27% of 18-29 year olds (aka: “Millennials”) have been unemployed or underemployed since recession began in December 2007
o They are a hard sell to employers—who see them as needy, entitled and not loyal o Although they are cheaper, they are competing with far more experienced candidates for entry-level jobs |
Six things to help present themselves to prospective employers in the best way
1) remember its not all about you • show not only what you want to get out but what you can offer to the company 2) learn how to interpret job postings • sometimes a company’s slate of requirements for a position is more of a wish list—don’t dismiss a job posting if you don’t have exactly what it says 3) stress your ability to multitask and communicate efficiently • describe yourself as being “incredibly responsive” 4) make social media a selling point • many companies still don’t know how to take advantage of the 500 million people on Facebook—take advantage of your knowledge of media 5) Be creative in articulating your skills • employers aren’t necessarily looking for someone who’s managed a department, they just want potential 6) Don’t forget etiquette • don’t leave your cell phone on the table during an interview • be prompt—but don’t go overboard • thank-you notes are still very important—e-mail is acceptable “if your interview was at 10AM, I would love to see a note before 5PM |
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What are the three most common and least common sources of hires as noted in the chart?
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o Most common
• 1) Referrals: 28.15% • 2) Job Boards: 25.68 % • 3) Other: 12.46 % • 4) Direct Sourcing: 9.37% |
o Least common
• 1) Open Houses: .66% • 2) Walk-ins: .81% • 3) Search Engine: 1.17% |
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What about the data with respect to the “Hidden Job Market”?
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• The Hidden Job Market—where should we focus our energy?
o 60-68% Networking o 10-20% Agencies o 5-15% Approaching Employers o 5-15% Advertised Jobs |
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What five job tips were discussed in the video?
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1. Attend Networking Events—especially events in your industry of interest
2. Apply in person—this is helpful in some industries with HR departments and enable you to put a face to your resume 3. Take a temp job—it could be a gateway position 4. Unpaid Internship—industry experience looks great and you can always work on the side 5. Use your college services wisely—call college alumni |
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Understand the definitions of networking. What is it? What isn’t it?
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o This is where people develop networks of friends and associates. It forges and creates links between different people…
o Networking is the art of building alliances. It's not contacting everyone you know when you are looking for a new job and asking if they know of any job openings. o Networking is building relationships - many of which will last beyond your immediate job search. o Networking is not a "quick fix" (nothing is, if you haven't already noticed), but establishing a good network will make your next job search easier. o Networking means to develop contacts and exchange information with other people for purposes of developing business or expanding one's career opportunities or information. Networking is tapping into your connections for helpful information or advice. |
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What do you need to keep in mind if your objective is to secure unlisted jobs?
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More than 80% of job openings are actually unlisted...
1. Look for signs: Keep up with what’s going on in your industry o Read trade journals, monitor stock market for indicators showing which companies are growing, restructuring or contracting out services. o Check company websites and facebook pages for jobs since they may not be advertised elsewhere o Compile a list of companies that you’d like to work for and research relevant positions within them o Only apply to jobs that closely fit your skills and experience |
2. It’s people, not paper: Tap your personal network of colleagues
o Friends and family to find connections o Try reaching outside of immediate network to friends of friends, old classmates or even cold call o Don’t overlook contacts working for company vendors o The more senior you are the smaller the network tends to be so join professional trade organizations and attend trade shows, conferences and seminars 3. Make it easy to find you: post your résumé on networking sites such as LinkedIn.com and ClearanceJobs.com or edjoin.org o Emphasize unique skills on your resume o Follow up with employers—the same job may get reposted 6 months later; you want to be available to employer before they even post the new job |
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Anita Bruzzese notes that seeking social interactions can help employee remain positive when, for example, they have a lousy manager. What exactly did she mean when she suggested increasing social interactions?
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• Find ways to invest more in your relationship with colleagues
• “social support is the single greatest predictor of our happiness and success during a time of challenge” • spend more time with family and friends and keep a photograph of loved ones nearby to remind you of those positive feelings • Our brains can be rewired by spending 21 straight days focusing on positive aspects in our lives—at the end of that time you will find that positive thoughts come more easily and quickly, instead of negative ones • “The key is that we’re not saying that bad things—such as not having a job or a bad boss—are good things, but given that you’re facing a challenge, you can use a positive brain to get you through” |
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What conclusions can you draw from the “Unemployment by Duration” chart as it relates to the most current data?
(look at #11 graph) |
The percent of civilian labor force that has been unemployed for more than 27 weeks is higher than it has ever been.
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According the chart, what are the three highest and three lowest states with respect to unemployment in the US as of December 2010?
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Highest...
1) Nevada: 14.5% 2) California: 12.5% 3) Florida: 12.0% |
Lowest
1) North Dakota: 3.8% 2) Nebraska: 4.4% 3) South Dakota: 4.6% |
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What conclusions can be drawn from the chart discussing age and employment patterns (“Getting a job”)?
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Since the recession nearly 1.5 mill young teens and adults have left the labor force, while 2.5 mill ages 55 and older have entered...
• The unemployment rate is lower as the age gets higher. • For the age of 55 and older, their unemployment rate has actually decreased throughout the recession—9% of those 55 and older have entered the work force since the recession. |
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Related to hiring in the future, what conclusions were drawn (ABC News Article – “From Yesterday’s Newspaper”)?
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Advantage for employers:
o Companies ramping up hiring this year will have the luxury of choosing from a flood of applicants • There are nearly 5 jobseekers, on average, for each job opening, according to a recent Labor Department Report o More hiring—more choices: • Economists forecast that hiring this year is likely to be at double last year’s pace • Employers who are adding workers say they are finding more than enough qualified applicants o Weigh on pay: • Due to the above mentioned circumstances, companies face little pressure to offer better pay or benefits • Average compensation has barely kept ahead of inflation in the past year |
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The authors contend that America is the land of plenty, and then go on to list those things that we have plenty of these days. What was specifically discussed?
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America has plenty of...
o Foreclosures- when a place gets closed by the bank o Bankruptcies- zero $$$ o Childhood obesity • obesity rate of 34% • one third of America’s adult population is also obese yet maintains unhealthy eating and no exercise • only about 4% have much chance of losing enough weight to achieve mere “overweight” status o Greenhouse gases o Stress o Debt • On January 6th, Treasury Secretary said that Congress needs to raise the federal debt level beyond the existing $14.29 trillion ceiling during the first quarter of 2011 or risk defaulting on US debt and losing access to global credit markets o We also have too much food, education and technology; too much anything is bad for us o Our lack of restraint as individuals has contributed to some serious economic, ecological, and social challenges • Compulsive shoppers (the US has an estimated 19-28 million of them) agonize over credit card debt • “It’s not that we have less willpower but rather modern life immerses us daily in a set of temptations far more evolved than we are” |
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Understand the myth of growth described in the article.
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• Assumptions about the benefits of increased economic activity must be questioned, says Tim Jackson in Prosperity Without Growth: Economics for a Finite Planet.
The modern economy is structurally reliant on economic growth for its stability When growth falters, politicians panic, businesses struggle to survive, people lose jobs and homes and a spiral of recession looms “the myth of growth has failed us” –Jackson • If abundance doesn’t guarantee well-being, why do we crave more?—Economics tells us that human wants are infinite even though resources are limited • Our fascination with excess results from fear that whatever we desire could go away, run out, or be taken We develop an excess of appetite to protect ourselves from fear of frustration and helplessness |
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Unemployment risk in relation to consumption of fruits/veggies & salads...
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• Unemployment risk/consumption of fruits/veggies/salad
o Among those who are at the highest risk of unemployment, a one percentage point increase in the resident’s state unemployment rate is associated with a 2%-4% reduction in the frequency of fruits and vegetable consumption and an 8% reduction in the consumption of salad o Since December of 2007, the national unemployment rate doubled from 5%-10% over the following two years • Economists say this implies that the frequency of fruit and vegetable consumption would decline by between 10%-20%, all else equal, among “the most vulnerable populations such as low-educated individuals” |
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How are recessions good for health according to the article?
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o Studies by Xin XU and Robert Kaestner show: The more hours people work and higher the wages, the more cigarettes they smoke
o Studies by Christopher Ruhm show: During good times, there are more fatal auto accidents and more deaths from disease (but fewer suicides)—recessions are good for one’s health |
o Studies by Daniel Sullivan and Till von Wachter show: mortality rates in the year following a layoff among high-seniority male workers increases sharply
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How has the recession affected thoughts of work and family life according to this research? What were the positive aspects of this change in thinking as noted in the study?
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FSU surveyed more than 1,100 full-time workers
o Nearly half—48% said the recession had increased their appreciation of family o 37% said the recession triggered thoughts that work isn’t as important as it once was in the overall scheme of things Other findings: o 49 percent of respondents said the recession helped them recognize the value of people over things. o 23 percent said the recession raised their awareness of being over-committed to work at the expense of family and recreation. o 43 percent said the recession increased their drive to be a better person rather than just a better worker o more than 70% said most days on the job “seem like they will never end” o It was also found that men’s remorseful thoughts were driven by recession-related job insecurity o Conflicts between work and family obligations were more likely to trigger women’s reevaluation of job-related sacrifices |
How findings were positive:
o The fact that many employees spent time evaluating the importance of non-work factors may be the first step in reducing the stress associated with imbalanced lives o Many of the people felt that having less faith in work afforded them opportunities to direct more faith towards neglected areas of life such as family and friends |
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Describe the unemployment rates experience by male and female employees (“Male and Female Employment”) from 2005 through 2010.
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• Starting December 2007, Men’s jobs declined rapidly as women’s jobs declined slightly, placing women’s jobs above men’s.
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Examining the “Yearly Job Changes” leads one to what conclusions?
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When watching the job losses by sector, you’ll see that that:
o a) construction and manufacturing were the two sectors hit with the most job losses (combined loss of almost 4 million jobs through August 2010) during the recession o b) education and health care were the only two private sectors that continued to add jobs during the entire recession (more than 1 million jobs combined through August). |
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What are specifics of the “she economy”? Don’t worry about the numbers, understand the trends and realities.
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• Women now account for more than half of college students
• College men drop out at a much higher rate than women • Women graduate more often than men from college • Women passed men in earned doctorates in 2009 • Women in med/law school is roughly equal to men • In 2009 almost half of science, engineering and business degree holders ages 25-39 were women |
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What ages have experienced the most and least recession stress?
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Most: 50-64 (58%)
30-49 (54%) 18-29 (50%) Least: 65+ (38%) |
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What are the reasons that students are taking a “gap year” prior to entering the workforce?
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1. This gap-year experience serves as a transition from a student’s undergraduate career
2. Ideally can be use to gain life and/or work experience in a particular arena before full-time work or graduate school 3. Historically, volunteer positions in the Peace Crops and Teach for America have been popular but students are considering other options as well o These include English teaching programs abroad, working on organic farms, public-interest fellowships, social-justice leadership programs, ect. o Many graduates create their own individualized opportunities (may be self-funded or supported by grants) 4. Students are reluctant to embark on a career track immediately o May be leery of traditional employment in finance, consulting, advertising and other business fields 5. Gap year allows them to try out an area of interest before making a permanent career commitment 6. Some graduates want to continue their exploration and may look for opportunities promoting the same spirit of adventure available to them during college o Right after graduation is the best time for a person to pursue a developmental experience 7. Recent changes in health-care coverage to include adult children on their parents’ plan until age 26 remove yet another obstacle to participating in gap-year activities 8. Some students want to recover from academic burnout before graduate school 9. Other students express a strong desire to give back through service opportunities o Especially in areas relating to education, environment, social justice and direct service work |
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According to the Forbes article, what are the four ways that employees have found new jobs?
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Four ways employees have found new jobs
o 1. They changed or transitioned their career into a new field: 41% o 2. They took a temporary part-time job that became a full-time job: 25% o 3. They enrolled in classes or training courses to bolster and add skills to get a job: 20% o 4. They moved to another city or town: 13% |
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What does the research say regarding views that employees will be stuck in their current financial condition rather than where they were before the recession?
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o More than half of the unemployed (58%) are pessimistic about finding a job in the near future
o By a margin of 61% to 35%, more feel they will be stuck in heir current financial shape rather than making it back to where they were before recession began. |
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Why aren’t employers hiring? What are the reasons noted in class?
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• 1. Seem to be doing okay with what we have
• 2. Trimmed a lot of fat in the past few years and got better at things • 3. Earnings may sound good, but everything is relative • 4. Uncertainty in rehiring old employees (?? Only one I’m not sure about—look in PowerPoint called ‘recession advice’ on slide 9) • 5. Uncertainty in government • 6. Uncertainty in money • 7. Can I get it cheaper elsewhere? • 8. Don’t want to go through that $@&* again |
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For goodness sake, explain why we seem to be in a jobless rut?
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• 3 signs proving we’re still in a rut
o 1) Average workweek is still short • employers cut hours and hire part-timers • until we see workweek rise, there isn’t a reason to believe there’s sustained job growth after all, employers will use their existing workers for the maximum hours they can work before hiring new people • example: Average workweek in private sector remained unchanged in August from July at 34.2 hours; even though the private sector added 67,000 jobs last month, there are still bad signs o 2) Unemployment claims and the magic number • unemployment claims must fall to about 425,000 or lower for several weeks before there’s any real hiring going on • while some observers have been cheering, the tally was still at 451,000—too high o 3) Corporate cash balances remain high • most companies have held off on hiring amid uncertainty of the economy • companies are holding cash reflecting 10% of their value, an unusually high level as companies on average have held cash equal to 6.6% of their value since 1999 |
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What health and work problems were associated with guilt from overwork? What are the remedies noted in the article?
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• Problems:
o Health Problems: backaches and headaches o Work Problems: inability to concentrate or problem solve and less job satisfaction o Home problems: strained relationships |
• Remedies:
o change what it means to have it all, make a commitment to just hang out with your family or spouse, turn off your sell phone when you walk in your front door |
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Why the struggle for work-life balance? Know the trends.
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• 50% of employees use technology to work during non work 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 US workforce (43%) returns from vacations feeling overwhelmed by everything they have to do |
• Nature of the Problem:
o Higher household income increases the odds that both partners in a relationship will be induced to work more than they would like o Men with children are slightly more likely to work longer hours than those without, while women with children are less likely to work long hours than those without o Managers, professionals, and operative and assembly workers are those occupations most likely to work long hours |
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Understand the trends related to men’s and women’s desires (Just the trends, not the numbers)...
look at graphs #28 |
1. The desire for greater responsibility:
o Men’s desire to have a job with greater responsibility has always been greater than women’s in the past o After 2002 the gap began to decrease until in 2008 their desire was equal 2. The desire for greater responsibility amongst women (with & without children): o the desire for women without children for a job with high responsibility was at an all time low in 1997 and has increased steadily since o the desire for women with children for a job with more responsibility was at an all time low in 2002 and has increased quickly o In 2008, women with children surpassed women without for the first time since 1997. 3. Men & Women dealing with work/life conflict: o Men’s and women’s work-life conflict have both been decreasing over the years o Men’s decreasing more rapidly as the gap between men and women dwindles to almost equal each other in 2008 |
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How do working mothers and fathers with children under the age of 18 differ in terms of their “ideal situation”? Know the order of each, not necessarily the actual numbers.
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Ideal Situation for parents with children under 18...
fathers: would rather work 1. full time 2. not work 3. part time mothers: 1. part time 2. not work 3. full time |
Ideal situation for mothers with children under 18 who are currently...
Employed full time: would rather work 1. part time 2. full time 3. not at all Employed part-time: enjoy working part time, 2. not at all, would hate to work 3. full time Not employed: enjoy being unemployed, 2. part time, 3. full time |
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Know the specific relationship between mothers’ length of employment and child’s weight gain (i.e., explain and estimate). Why did the researchers think that these findings surfaced?
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• Every period of time (averaging 5.3 months) a mother was employed was associated with an increase in her child’s BMI (body max index—the weight to height ratio used to measure if a person is overweight or obese) of 10% standard deviation
o For a child of average height, this means weight gain of nearly one pound every five months and above and beyond what would typically be gained as child ages • The findings were strongest amongst sixth graders (11 years old) |
Why?...
o Working mothers have little time to shop for healthy food and prepare meals, they and their children eat more fast food and packaged food—which have higher fat and calories • Childhood obesity in the US has tripled in 30 years • Given that more than 70% of US mothers with young children work, the importance of providing support to these families is clear |
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Top three and bottom three impediments to being a good father include…?
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Top 3:
o 1) Work responsibilities: 12% o 2) Media/popular culture: 8.2% o 3) Financial Problems: 6.9% |
Bottom 3:
o 1) Woman, not child’s mother: 1.1% o 2) Step-children/child: 1.6% o 3) Male friends: 2.2% |
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Have a basic knowledge of each form of “flexible work arrangement”.
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• Flextime: Schedules based on worker needs within set parameters approved by a supervisor.
• Compressed Workweeks: Workers work full time hours in less than the traditional 5-day workweek by increasing daily hours worked. • Shift Arrangements: Workers who are assigned shifts by their employers enter into arrangements with their employers giving them more flexibility regarding the shifts they are assigned. • Break Arrangements: Workers who generally can only take assigned breaks enter into an arrangement with their employers giving them more flexibility over when they take breaks. • Part Time Work/Reduced Hours Schedule: Workers who usually work less than 35 hours per week. • Transition Period Part Time: Workers gradually return to work after a major life event (e.g., birth or adoption of a child) by working part time for a set period and eventually returning to full time work. • Job Shares: Two or more workers share the duties of one full time job, with each person working on a part time basis. • Part-year Work: Workers work only a certain number of months per year. • Telework/Home Work: Workers work remotely from their own homes, using a telecommunications connection to the workplace if necessary. • Telework/Satellite Location: Workers work remotely from a designated satellite work center. • Alternating Location: Workers work part-year in one location and part-year in a second location. |
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Be able to describe how employees in telecommuting and non-telecommuting groups differed in this research. What benefits of telecommuting were provided in the article?
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• Telecommuters with flex time can handle 50% more work
• Untethered workers at IBM crank out 19 more hours than nine-to-fivers before feeling work-life imbalance • They are able to adjust their schedules to balance their work responsibilities and manage their own time • BYU researchers studied 24436 IBM employees spread among 75 countries and a quarter of them report that work was interfering with their personal and home life o Office workers with fixed hours cried uncle at 38 hours; those with option to telecommute and make their own hours could push through 57 hours without feeling strained o Not a 57 hours were spent telecommuting. Employees decided which work environment best suited the duty of the day/hour |
Benefits:
o Can boost employee morale o Save companies money o Help reduce damage to environment Drawback: o Given distance between home and office, he spends nearly all of working hours in the house o One of the challenges is missing the camaraderie of coworkers |
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According to the research, those with flexible benefits were also able to engage in health behaviors including what? Why were they able to sleep better at night?
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Other healthful behaviors
o Exercised more o Attended more employer-sponsored health classes o Described themselves as living healthful lifestyle |
Better sleep?
o Workers with flexible schedules may not be working as late o They may be less stressed and sleeping better at night o They are able to structure their work lives in such a way that sleep time is protected |
