It’s no secret that college grads today are entering a job market that looks nothing like it did when you were just out of school. The economic landscape has drastically changed for this generation and many parents are worried and frustrated that their kids’ future may not be as bright as their own.
The good news is that if they are able to maximize their first salary then they will be just fine. The amount of money your child makes in their first salary can drastically affect how much money they make throughout their entire career.
Let’s say they are able to get an extra $5,000 in their first salary. If they work for the next 30 years then that’s an additional $150,000 they would have missed out on otherwise. Of course, this is excluding raises or salaries at different jobs which are heavily based on how much money a person has made in the past.
In other words, the higher the salary your college grad can start off with, the more money they will make over time. Not just because they are making more money off the bat, but because that figure will allow them to make even more money later on when they negotiate raises or find other jobs.
Unfortunately, our colleges aren’t doing a very good job of teaching graduates how to find a job or make money. In fact, many of them are still shelling out the same advice they did in the 90s.
As such it’s imperative that your college grad gets advice from someone who has experience in building a career – you.… Continue Reading…
According to an article on LinkedIn by Lou Adler, the well-known performance-based recruitment evangelist, an old recruiting method is making a comeback. The method, referred to by Adler as “throw people in over their heads and see if they sink or swim,” is a theory that believes the best people will rise to the top, quickly learn new skills and gain the confidence to take on more responsibility.
This concept isn’t new at all. According to Adler’s article, the biggest names in business were very well known for this back in the day including Pepsi, Mattel and Disney. However, there was a change for many years where recruiters and hiring managers would hire individuals who fit into a certain box of qualifications.
If the individual was good at a particular skill and had a certain kind of experience, the hiring manager would select a candidate based on that.
Unfortunately this led to some stagnation within companies as employees would have a difficult time acting outside of that particular role or skill set.
As a result, companies are reverting back to the “sink or swim” method. This begs the question, is your resume ready for this and does it say you will sink or swim?… Continue Reading…