Delta – the second largest commercial airline in the world – is encouraging its internal pool of non-pilot workers, college students at certain universities, and even younger folks to consider taking their talents to the cockpit. By tapping into these various niches, Delta hopes to slowly erase a significant shortage of pilots over time. Baby boomers are already retiring at a staggering rate, and Delta’s 13,000+ pilots are required by federal law to lay down the keys at 65. Some pilots are leaving for other companies – another trend indicative of the war for talent. Delta expects to hire mor... view article details
Q: I was awarded 25,000 options at my last job. Recently, the company laid off 100 employees, including me. I was not vested at this time and the company took away all of my shares. Is this standard practice? A: Yes. It is customary for a company to take back unvested options when an employee leaves the company for any reason. In fact, this is probably included in the stock option agreement you received when you were granted the options. Sometimes, however, companies have a severance policy that provides special benefits (e.g., accelerated option vesting) for situations like layoffs. Be sure... view article details
The young people of America are taking jobs they don't want, moving back in with their parents, and delaying marriage and children as they struggle with a still-uncertain economy, according to survey results released recently by the Pew Research Center. And yet, despite the economy's ill effects, young adults remain optimistic about their financial future, the report concluded. In 2011, young people had a harder time finding work than any other age group. While the overall unemployment rate last year was 8.8 percent, young adults from age 18 to 24 had a jobless rate of 16.3 percent, according ... view article details
Q: I have an interview tomorrow with a prominent company and am very eager to please them. Can you give me some important pointers on interviewing?A: Jitters are a marvelous sensation, providing that refreshing sense of being alive in a big wide world. Your nerves are telling you that you would like to show this company You at Your Best. Isn’t it wonderful to feel that way about an opportunity?I’m sure you have prepared for the interview in the basic sense – printed fresh copies of your resume and slipped them into your classic portfolio, studied the company’s recent financial performance, spe... view article details
The teens and 20s are always a tricky time for young adults trying to launch careers, move into their own households, figure out their finances, and generally establish themselves as grown-ups. And when an economic crisis hits in the middle of the process, it can have significant and long-lasting impacts.The financial slump known as the Great Recession is no different. Recent economic troubles have left young people reaching some milestones of adulthood at slower rates, according to an analysis released last month by Pew Research. At the same time, however, the economic climate seems to have h... view article details
The stock market is thriving and the rest of the economy is slowly strengthening. But despite this good news, the number of workers planning to delay retirement is soaring, according to a new report by The Conference Board, a business research organization based in New York City.In 2012, 62 percent of survey respondents aged 45 to 60 said that the recent recession has made them consider postponing retirement, up significantly from 42 percent in 2010.Job losses, pay cuts, and significant declines in home values were among the major factors driving these planned delays, the report concludes. Wor... view article details
The annual salary review season is upon us and employers are struggling to manage salary increases against a backdrop of continuous economic turmoil. We decided to take a look at what employees can expect for merit increases in 2009 as ever worsening economic developments come to light and threats of layoffs continue to be reported. According to a survey of online readers conducted by Business & Legal Reports (BLR) in late October, an increasing number of employers are considering making changes to their current pay budget plans for 2009. Approximately 39.9% of organizations responding to the... view article details
Dear Jack:I am in the final stage of a job interview and I just received an email from the recruiter who wants to know my current salary and my salary expectations. Please advise.Hello,Recruiters are an exception to the rule of 'postpone salary talk until there's an offer.' You actually score points, so to speak, with them by being candid about salary. On the other hand, you don't want the recruiter's expectations to be low. If you're currently underpaid in your job, you don't want that to diminish your salary.Here's what I suggest. Don't do this by e-mail. Start by calling the recruiter and s... view article details
Q: I joined my current company (Pre-IPO) right out of school as a junior QA engineer testing our product. Over the last three years, I have moved from that position to one with key responsibilities while the company has gone from 30 people to 50. Although I have been given the responsibilities of a software project lead reporting to the CTO and supervising the work of the others, there has been no official change in my title. I have been given raises quite frequently, but am still getting paid less than those I supervise. This is mainly due to my low starting salary as I have been given approx... view article details
Of Love and Money When we checked out our site statistics on Tuesday morning, we couldn't figure out why a bunch of random job searches spiked the night before. The reason? Monday night was ABC's 9th season premiere of The Bachelorette.For those unfamiliar with the show, 25 men compete for the heart of one woman -- this year it's 27-year-old Desiree Hartsock. Each week at the end of the telecast, she gives roses to the men she likes and sends the rest packing. That continues until she chooses one of the original 25 and they (theoretically) live happily ever after.So what does a realit... view article details