'You need to devise a savings strategy that maxmizes your return. What's the best place for your savings? Knowing about the various options can help you build greater wealth for the future.'   Money Markets and CDs   Personal savings is the base of your financial pyramid. It is the foundation of your family's well-being and it's your starting point to building wealth. Starting a sound savings program isn't difficult, but it takes some thinking, planning, and commitment. Your first savings priority should be to build the money you'll want on hand for immediate and short-term needs. This money c... view article details

When Timothy Cook was named CEO of Apple in August 2011, he got more than just a promotion: He was awarded 1 million shares of Apple stock, valued at $376 million. And a few months later, the company decided to raise his base pay from $900,000 to $1.4 million. All told, Cook’s 2011 compensation package was valued at $378 million, according to documents filed with the Securities Exchange Commission last week.Commentators were quick to draw a contrast between Cook’s pay package and that of his predecessor, the late Steve Jobs, who famously received compensation of just $1 per year. But executive... view article details

Q: Hey Jack,Hopefully you can help me out here as last week, during my third week of employment as the assistant to the CFO at a small business, the owners/upper managers decided to fire the CFO rather abruptly. No specific mention was made of a succession plan but it was heavily implied that the CFO would be fired and I would be stepping in. I was confident I could and asserted so, but no real conversation ever took place regarding a plan or offer. After putting me off for more than a week despite my repeated attempts to talk with them, I got the opportunity. I ask for $50k a year which I hav... view article details

Q: I just had my performance review about a week ago, and I was rewarded with a pay increase of 4.75 percent, which seems minimal at best. According to my calculations, this increase does not even cover the cost of living. Is it a common practice for large companies to "reward" employees with such a negligible raise? If not, how could I learn what the median raise is for companies in my area? A: Most companies have a merit budget that dictates the amount of money they give employees when it comes time to deliver annual merit increases. The average merit increase in 2000 hovered around 4 perce... view article details

Flexible Workplaces Becoming the Norm When looking for a job, you're likely focused on what type of position you'd like to land and probably not paying attention to hiring trends or hiring manager surveys. In fact, you may not even know that a relatively recent Flexpaths-LinkedIn Virtual Think Tanks study suggested 'flexible' workplaces would become inevitable by 2015 because employers recognize their targeted employees expect some flexibility when it comes to their jobs. Many Workers Will Sacrifice Money for Flexibility Are you one of the 42 percent of working adults who wou... view article details

Q: My facility just was closed. Approximately 80 hourly employees were eliminated, as well as 90 percent of the salaried workforce. I am one of the lucky 10 percent who are being offered postions at a different location. I currently live in a state that has a low cost of living and will most likely be asked to move to a state that has a much higher cost of living. Would it be out of place to ask for that increase in my salary?A: The first thing I would do is speak to my Human Resources Representative and find out what the company's compensation philosophy is. A company's compensation philosoph... view article details

One of the most important goals of your performance review is to help you develop professionally. At the same time, the company will set goals for you to help it achieve its objectives. So at both an individual and corporate level, performance reviews are about future excellence as much as past accomplishment.If you help set your own goals, the chance of your meeting them will be higher. Think carefully about what you can realistically do to achieve your targets.Your action plan for professional development should provide answers to the following questions.What areas of your performance do you... view article details

Kendra wins Apprentice 3!!Another riveting season of 'The Apprentice' is over and has not disappointed with bigger boardrooms, louder candidates, and more innovative challenges. Reality TV buffs have long forgotten last season's winner and now turn their attention to the showdown between the Book Smarts and the Street Smarts. Along with the prestige of becoming president of one of The Donald's companies, this season's Apprentice will earn a hefty $250,000 yearly salary from Trump. But have you ever wondered what the apprentices are making at their day jobs? Perhaps it is more than what Trump i... view article details

Q. I am the assistant to the president of a small consulting firm. Since I am at the top of my pay scale and receive excellent bonuses, what else can I negotiate that is not monetary, and how do I go about it?A. You pose a very interesting question, and you're in an admirable spot. What does one negotiate for when one is already paid well above market? Since you already know you won't be able to get any more money in base or incentive pay, you should decide what else you would really like. For instance, you might like to spend more time with your family, take a professional course, or attend a... view article details

We all have our guilty pleasures, and one that continually draws me in from my DVR is “House Hunters International” on HGTV. Each episode, viewers watch as the subject of the show gives up their life at home and travels thousands of miles to an international destination in order to buy or rent a new home or apartment. Those of us playing at home are sucked in through a game show angle, trying to predict which of the three choices will be the winner.This show makes me very angry for several reasons.They never seem to choose the “right” house.When the agent says it’s “a little over your budget.”... view article details