The holidays bring with it extra expenditures that can be difficult to manage especially in light of the current economic situation. The Bureau of Labor Statistics reports that, over the past 24 months, consumer prices have risen 7.8%, making it increasingly difficult for consumers to keep up with the essentials. Information Resources, Inc., an independent market-data firm, recently conducted a survey of how consumers’ shopping and spending habits have changed in recent months. The results, while not surprising, are quite interesting. They report that the majority of consumers earning less t... view article details

 Finding the house of your dreams is a cinch if you have the money. You can buy where you want, the size and style you want, you can even tear it all down and remodel how you want. 'I've taken out pristine, custom-built $100,000 kitchens to replace them with pristine, custom-built $150,000 kitchens that looked a little different,' said John C., a building contractor from Marina del Rey, California. 'Not that they seemed like the kind of people who spent much time in a kitchen anyway.' Staying within your means For the rest of us, buying a home is a knotty process of checks and balances. Ironic... view article details

I sometimes tell a story in my presentation about the sales guy who persisted over several months to get an appointment with a corporate buyer. Regardless of how hard he tried he could not get this woman to make the time to see him. She was a 'Master of the Universe' in the cosmetics industry based in New York City, and doing business with her could do wonders for any company or career.Sales Guy (yes, it was a man and his gender is important to the story) managed to get through to the gatekeeper who, after all his months of trying, came to appreciate his persistence. And from this gatekeeper, ... view article details

 At the end of the performance review, you and your manager will sign a form documenting the results of the meeting and citing changes and plans for the future. Your manager will also collect your self-appraisal to submit to the human resources department with the other paperwork for your employee records.Employers keep records of performance reviews for their protection in case of contested terminations, failure to promote, and contested training opportunities that could arise in the future. Your employee file protects you as well since it can prevent unfair assessments and ratings in future ... view article details

Q: I took some time off this year, and I think it affected my performance review. I got only a 2 percent raise. Does this mean I am a problem employee?A: The dreaded performance evaluation happens every year. You hope against hope that the project you completed is recognized. You also hope the extra work you put in is also recognized. But to your dismay, you are told that in spite of your hard work, you are eligible for a 2 percent increase, which after taxes isn't much.Without knowing the details of your situation, I could paint a typical scenario.During your review, your manager informed you... view article details

Your performance standards establish the link between the company's objectives and your job description. Your manager will translate corporate objectives into acceptable performance standards for your position given the tasks in the job description. The job description identifies measurable tasks, and the performance standards establish the acceptable levels for each of those tasks.For example, if the job description for a loan officer at a bank says, 'Identifies and assists prospective clients in the loan application process,' the loan officer's performance standards for this task would relat... view article details

In Honor of the New Movie “Horrible Bosses,” Salary.com Polled Its Readers to Find the Worst Real-Life Bosses At some point in your career it’s happened to you. You get saddled with “that boss.” The boss who drives you crazy, mistreats you and takes credit for your hard work. A boss who is just horrible!That’s the premise of the recently released movie “Horrible Bosses,” starring Jason Bateman, Jason Sudeikis and Charlie Day. Three friends with three wretched bosses (Kevin Spacey, Colin Farrell and Jennifer Aniston) get so fed up at work they devise a plan to rid themselves of their r... view article details

Cash compensation comes in two forms: base salary and variable pay. As the term implies, cash is any type of compensation paid in the form of a bank check or direct deposit into your bank account. But what does cash compensation for doing your job really mean? Base Salary Base salary is a cash payment from the employer in exchange for your performance of your job. For most role, base salary makes-up the largest proportion, about 85% on average, of an employee’s total cash compensation. Base salary represents a fixed cost to the company, and the total cost of all employee’s base salaries are of... view article details

Cash compensation comes in two forms: base salary and variable pay. As the term implies, cash is any type of compensation paid in the form of a bank check or direct deposit into your bank account. But what does cash compensation for doing your job really mean? Base Salary Base salary is a cash payment from the employer in exchange for your performance of your job. For most role, base salary makes-up the largest proportion, about 85% on average, of an employee’s total cash compensation. Base salary represents a fixed cost to the company, and the total cost of all employee’s base salaries are of... view article details

Many employers will be conducting their annual “focal” reviews over the next few months, which in layman’s terms means the time in which you sit down with your boss and go over your achievements against goals. For most people, it is an uncomfortable conversation that produces as much anxiety as going to the dentist or asking for a raise.For the majority of companies, the annual review is the only formal conversation employees have with their boss about their performance and usually ends with an overview of an employee's new compensation package such as merit increase, bonus payout and stock gr... view article details