Recent budget constraints have left states having to cut funding left and right, higher education is no exception. The College Board recently released statistics that not only reveal some dramatic tuition increases, but the lull in enrollment for four-year institutions. These factors may indicate a possible demand for learning alternatives such as online education and community college.According to the College Board's findings, public four-year institutions have raised their tuition 6.5 percent higher than the previous year, averaging $7,020, not including room and board. Previously, the avera... view article details
Q. I work for a company that pays me $72,000 a year with no bonus. However, they match 50 cents to the dollar on my 401(k) plan. The company I'm interviewing with has no matching contributions, but they have averaged bonuses of 11 percent over the past five years and 20 percent over the past three years. How should I calculate a base salary with bonus vs. my current base with no bonus?A. Companies have a certain amount of money to spend on variable pay and/or benefits. The senior management of a company may value long-term investment higher than short-term incentives. And companies are more li... view article details
The Severance PackageIf your company goes out of business, don't be surprised if there is no severance pay. Going out of business and running out of cash are practically synonymous. Once in a while a failing business closes down with some money left in the bank - but those funds are usually returned to the investors who provided them.Severance pay, after all, is as much a signal to the employees who remain behind as it is a gesture of goodwill to those being let go. If the company disappears, it doesn't need to preserve goodwill with its former staff. Yet established companies that intend to r... view article details
Sustainable energy and green technologies have been placed at the forefront of America Recovery and Reinvestment Act, and the business world has taken notice. To better facilitate modern professionals' connection with these emerging eco-friendly industries, MBA programs around the world have begun adopting curricula with a sharper focus on going green. The Aspen Institute Center for Business Education is reporting that the number of colleges requiring MBA students to take courses in ecological business and society issues has more than doubled in the past eight years, from 34 percent in 2001 ... view article details
These days when job security is not necessarily a given, many workers are taking advantage of mentoring, a valuable -- and free -- training tool. And no wonder: According to Randi Bussin, a career coach in Belmont, Mass., 'it's a no-brainer for lifetime career development.'Wherever you are in your career, a mentor can be an invaluable guide. Here are some tips for finding one and making the relationship work.1. Take the initiative It's usually easiest to find a mentor in a formal corporate program, but not all companies offer one. The same workplace stresses that make peop... view article details
People Relate to Themselves Whether you know it or not, most hiring managers have a hiring style that is more reflective of who they are as a person, and not necessarily reflective of the companies for which they work.However, like a duck drawn to water, people will feel naturally drawn to a culture that aligns with their value system, and thus, they hire accordingly. Over twelve years of recruiting for a wide-variety of companies, industries and alongside highly effective hiring managers, I have outlined below the top five hiring styles.To the extent this helps you better understand ... 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
Soul and Silicon "Imagine a world where the difference between man and machine blurs, where the line between humanity and technology fades, and where soul and silicon unite. This is not science fiction, but a very real possibility in a few short decades." Those words wouldn't command much authority if their author, Raymond C. Kurzweil, hadn't already proven himself as a high-tech visionary - an inventor who designs and makes the machines that will alter our future. Nearly everyone would like to create something unique, but Kurzweil has developed a remarkable system for doing it. "I do all my... view article details
It's Not Easy, But You Can Make Big Bucks in the Mortgage Industry Each year, the news offers conflicting reports about the economy. It’s bad. It’s picking up. It’s crashing over the fiscal cliff. It’s enough to make one’s head spin! But for qualified sales people seeking new opportunities in 2013, prospects are looking up. The mortgage industry is recovering from the downturn and companies are looking to recruit top candidates as loan officers. But how do you get your foot in the door? Tim Padavic knows a thing or two about getting hired in the mortgage industry. He’s the VP of Business De... view article details
In the world of marketing, there are many different roles you can explore depending on your competencies and interests. Managers, web developers, graphic designers, writers, social media specialists, and analysts can all find a home in marketing. Using Salary.com data, we provided the average salaries of seven in-demand marketing jobs. We also provided job description summaries so you can determine if your skillset matches up: 1) Social Media Specialist What you’ll earn, on average: $50,225 What you'll do: Prepare and develop social media content to support and enhance the organization's brand... view article details