Q: Like many other companies, my employer has conducted layoffs this year. I was approached by my manager to increase my responsibilities to better define my workload to HR. I wanted more responsibilities anyway, but I wanted to be compensated for the added duties. Now that my job is on the line, should I just take the extra workload and be grateful that I have a job, or should I ask for an increase in pay?A: The whole point of a company laying off people is to have fewer people doing the same types of tasks. This in turn is supposed to reduce the company's overall expenses. When your boss ask... view article details
Q. I keep hearing and seeing salary surveys that say I should be making about $10,000 to $20,000 more than I am currently making, but I find it very hard to compare when you take in all the factors of cost of living, profit sharing, medical benefits, and working environment. Is the grass greener elsewhere?A. Companies normally focus on the total rewards package they deliver to employees rather than on base pay alone. Total rewards include compensation, benefits, and work/life balance programs such as flex time and telecommuting.The average merit budget for most companies hovers around 4 percen... view article details
Minimize Your Stress Searching for a job is stressful. If the loss of a job continues into an extended time of unemployment, not only does it take a toll on your bank account, but also your self-esteem, confidence, and relationships.Like most people, over my lifetime I’ve experienced job loss for myself, close family members, friends, and colleagues. Based on my experience, I usually offer two pieces of advice, as well as a simple sentence to say at the end of an interview that can take away some of the stress of job searching.Don't Get Too Low Conducting a job search is like... view article details
The Massachusetts Institute of Technology has significantly lowered the price of a world class education.Starting in the spring of 2012, the elite school will be making some of its most popular courses available online to anyone with an Internet connection and a desire to learn. The cost? Free.'The courses are going to be rigorous, are going to be to the MIT standard,' said Nate Nickerson, the school's director of communications.The new initiative, dubbed MITx, will have no admissions requirements or application process. Participants will be able to access course materials, interact with facul... view article details
A federal program designed to help jobless veterans find work is proving very popular with its target audience, according to numbers released this week by the U.S. Department of Veterans Affairs.The VOW to Hire Heroes Act, signed into law in November 2011, calls for the creation of a program that pays for unemployed veterans to receive training in fields where skilled workers are in high demand, as determined by the U.S. Department of Labor. The resulting Veteran Retraining Assistance Program, or VRAP, began accepting applications on May 15.In the six weeks since VRAP launched, the program has... 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
Do you know nearly one-fifth of all employees NEVER negotiate their salary when they accept a job? You wouldn't take the first offer from a car dealer or when buying a house, so why would you accept the first offer from your future employer?Jim Hopkinson, author of 'The Salary Tutor: Learn the Secrets of Negotiation No One Ever Taught You,' is this week's guest on Salary Talk, and he's dispensing some great advice on how to prepare for -- and succeed -- in getting hired with an adequate salary that not only pays the bills, but leaves you feeling happy and content in your new position.Starting ... 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
Q: 'My husband was offered a job in Florida. They flew me and him out there for a weekend and interviewed my husband. They offered him the job but their relocation of $5,000 was too low. We would be relocating ourselves, three kids and dog from Seattle, Washington. My husband asked for $8,000 and also itemized what we were using that amount for. First, last, security deposit on a house, ship one car and travel costs to drive while towing our third car and belongings. He was happy with the annual salary as cost of living is cheaper in Florida. My question is were we reasonable to counter their ... view article details
Stock Market Indexed CDs 'For those who have amassed substantial savings but don't want to risk a penny - no way, no how - there are a few securities that provide access to the market without jeopardizing the original sum invested.' People work hard for their money, so risky investments often make them think twice. A volatile stock market means higher risks, even for people who have been investing for years. For those who have amassed substantial savings but don't want to risk a penny - no way, no how - there are a few securities that provide access to the market without jeopardizing the ... view article details