There is no escaping the fact that college costs are rising. The College Board reports that most students and their families can expect to pay, on average, from $95 to $1,440 more than last year for this year’s tuition and fees, depending on the type of college attended. Average College Costs for 2007-2008: Private four year $23,712 (up 6.3 % from last year) Public four-year $6,185 (up 6.6 %from last year) Public two-year $2,361 (up 4.2% from last year) Financing Options Families are encouraged to seek federally backed loans first, then shop for private loans, based in part on the recommend... view article details
Q. Our company has filed under Chapter 11 with no financial backing. The company is being sold. Our accounts payable supervisor got another offer and put in her notice, but the company countered with a pay-to-stay package. She gets six months of severance pay with three months up front.I am very angry, since I was committed to working until the end after taking a 10 percent cut in pay with hopes of staying on with whoever buys us. How do I confront the CEO who offered her this package to get the same deal? Currently we have no severance package.A. Companies can offer employees incentives to st... 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
Q: My company recently decided to eliminate company cars as a perk for any employee. Since they have always maintained that the benefit was "part of my compensation," I want to ask for a comparable amount of salary increase as a replacement for the loss. I've done a substantial amount of research and cannot find any good rules of thumb for determining the value of a company car benefit. How likely am I to get them to simply cover the cost of my monthly car payment on the replacement vehicle? Any ideas on the value of such a benefit? A: You may not be able to receive the monetary value of your... view article details
Stand Out in a Crowd Hiring managers see thousands upon thousands of resumes every year. That's why job seekers have to stand out in a crowd if they harboring any hope they'll be hired.When you're writing a resume, what you don't know can hurt you. John Kalusa is a nationally recognized writer who speaks about corporate sales, recruiting, and personal career management. With over 25 years of experience as a strategic recruiting, human resources, and sales and marketing management leader in start-ups and Fortune 250 companies, he's well qualified to comment on what the hiring manager w... view article details
Switching fields may seem taboo, but it's quite doable, especially now when labor markets are tight. Almost half of the 164 employers who responded to our MONEY/Salary.com survey say they regularly target mid-career changers when recruiting. One reason: Switchers are dedicated to their move, with 32 percent saying they'll spend 'as long as it takes' to get the necessary certification and schooling.What are they looking for? Pay and advancement, sure, but also fulfillment and a sense that they can control their career paths.Steve Mullins, 44, already has a good job: He's a telecommunications en... view article details
People say college is the best time of your life. For some, it's the thrill of being in a basketball arena or football stadium surrounded by tens of thousands of rabid comrades ready to scream their way through a rivalry game. And for a few others still, it's that meal plan that lets them gobble down 5 slices of pizza, 7 cookies, and 2 fruit cups, all with a swipe of their student ID. But everyone has one common memory: classes, where they could join their peers in learning from great professors. Perhaps you are considering returning to college as your own career progresses. People may think c... view article details
Your company may have a number of reasons for assessing your performance. To go over your work during the period in question.To find out what kind of training you need.To help you develop as a professional.To set goals for your future performance.To determine whether and when to promote you.To compensate you based on how well you perform.To find out how your skills fit into the corporate picture.This last point is where it all starts. By measuring how effectively you and your coworkers carry out your responsibilities, your employer is also assessing how well it is meeting its overall goals. U... view article details
One of the biggest challenges facing employers is recruiting and retaining qualified, dedicated employees. Over the past decade, with unemployment levels low and the economy doing well, one of the ways businesses in many industries were recruiting the best possible talent and keeping those employees happy was by offering stock options. For the first time ever, the trend extended not just to top-level managers and executives, but to people throughout the organization.As a result, the ability to participate in an employee stock option plan became an integral part of many ... view article details