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Should You Change Careers and Get a Money Job?

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What is a “Money Job”?

The fallout from the economic crash of 2008 continues. Many Americans are continuing to struggle economically. If you are one of the millions of Americans considering a new line of work, you’ve no doubt been examining different career paths to see if they’re right for you. This post will offer you some food for thought on changing careers and choosing a money job…
that is, a job as a stockbroker, commodities broker, financial planner, investment advisor, etc.

Editor’s Note:

According to the U.S. Bureau of Labor Statistics Occupational Outlook Handbook the demand for Stock Brokers, aka. Securities, Commodities, and Financial Services Sales Agents will increase about 15% from 2010 until 2020 or about average and the average salary is about $70,190 per year and they often receive significant bonuses. A bachelors degree is required. Financial planners earn slightly less at $64,750/yr. but demand is projected to grow significantly higher than average at 32% from 2010-2020.

Do You Like Numbers? Stock Brokers do…

Money jobs like stock brokers require a basic facility with mathematics. You’ll be seeing numbers all day long, and you’ll be expected to become highly skilled at performing certain kinds of computations. Even though it’s highly unlikely that you’d ever have to use highly advanced math in these jobs, it would still be essential for you to be comfortable with numbers.

Are You Self-Directed?

In some ways, the money industry is characterized by minimal hand-holding, especially in comparison to traditional career fields. For example, if you become a chartered financial analyst (CFA), you are expected to study for a 3-part course that will take, at a minimum, 18 months to complete. People who work in the money industry are highly motivated, and tend to be self-starters. If this sounds like you, you might be suited for the industry.

Do You Handle Risk and Pressure Well?

Stock BrokerWorking in the money industry can involve a lot of pressure. You’re handling people’s money, which will make both your clients and your bosses nervous if you’re not doing your job properly. People in the money industry can live with that kind of pressure and still not become trigger-shy about making financial decisions. Ask yourself how well you do in pressure situations and you’ll know more about whether the money industry is right for you.

How Quickly Do You Learn?

Switching careers and entering the money industry means that you have to learn a new set of skills. To be sure, there are plenty of resources to help, including self-study books and guided coursework. However, not everyone is cut out for learning a new skill set both quickly and well. If you feel that you’re a quick learner with a good ability to assimilate new knowledge, you can definitely put those traits to work in entering the money industry. [Read more…] about Should You Change Careers and Get a Money Job?

How to Choose a Small Business Retirement Plan

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Small Business Retirement Plans-

As a small business owner, you may decide to offer the benefit of a retirement plan to your employees as one of several strategies to obtain and retain the best workers. There are a number of options available, including Simplified Employee Pension (SEP) plans, Savings Incentive Match Plans for Employees (SIMPLE) Individual Retirement Account (IRA) plans, and 401(k) Plans. The plan you ultimately choose depends largely on the particular circumstances of your business – there is no one-size-fits-all solution.

SEP Plans

SEP plans are entirely employer-funded. As an employer, you may determine how much to contribute. The maximum contributions to SEP plans vary annually; for 2012 the limit is 25 percent of an employee’s salary or $50,000 US, whichever is less. SEP plans do not allow catch-up contributions for older employees.

Setup for SEP plans is simple, and any employer with one or more employees is eligible to set up SEP plans. Once the plan is established, employers must offer SEP plans to all employees over age 21 who have been employed with the company for three of the past five years and met a minimum salary threshold, which was $550 for 2010 and 2011.

 SIMPLE IRAs

Small Business Retirement Plan If you have 100 or fewer employees and you wish to establish a retirement plan that allows both employer and employee contributions, a SIMPLE IRA plan may be a good option. For 2012, each employee’s plan may be funded up to 100 percent of his or her compensation or $11,500 US, whichever is less. Plans for employees over 50 may be funded up to $14,000 US for 2012. You must make matching contributions of up to three percent of the salaries for all employees who make contributions to their SIMPLE IRA funds, or two percent of compensation for each eligible employee.

If you elect to establish a SIMPLE IRA, you must do so before October 1 of each year; other retirement plans generally have a deadline of December 1 of each year. You must establish a SIMPLE IRA for each of your eligible employees. Employees are eligible if they have earned at least $5,000 US any two prior years, and expect to earn the same amount during the present year. [Read more…] about How to Choose a Small Business Retirement Plan

What Employment Lawyers Do

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Employment Solicitors/Lawyers-

For years, there have been many laws in almost every country safeguarding the interests of employees. These laws protect an employee from harassment, discrimination, and a hostile work environment. Moreover, these laws also state that employees should receive due compensation, overtime fee, and other benefits related to the job. Employment laws also state that all the employees should be treated equally and there should be no discrimination based on age, sex, religion, etc.

Employment Solicitor / LawyerEmployment lawyers have specific knowledge about laws related to the human resources of a business. They work to prevent discrimination or ill-treatment in the workplace. Employment lawyers can represent either the business or the employee. Formal requirements to become a lawyer usually include a 4-year bachelor’s degree, 3 years of law school, and passing a written bar examination. However, some requirements vary by state.

What Employment Solicitors/ Lawyers Do

 1) Discrimination – Employment Solicitors/ lawyers make sure that people are not discriminated against in an office environment. Discrimination can be based on a variety of factors. Employment lawyers guide people through the necessary steps to prevent discrimination in a business or negotiate with a business in the case of discrimination. [Read more…] about What Employment Lawyers Do

Get a CNA Education

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Certified Nursing Assistant (CNA)-

Certified nursing assistants are in high demand by nursing homes, long term care facilities, and other healthcare institutions. They assist nurses and help care for patients.  The CNA position is an entry-level position in the field of Nursing.

Medical Treatment If you want to enter the field of nursing and health care, then you must have at least a CNA certification and possibly a nursing license depending on the individual state regulations. But if you can’t afford the certification course, then you may actually be able to get your certification for free! Yes, you heard me right,  start by searching for nursing schools and hospitals that offer free CNA education and training. The need for nurses is so great that you may be able to get a free CNA education. But remember, getting a nursing Career needs great dedication, compassion for patients, and passion for work.

 Let’s look at some of the tips that will help you in planning for free nursing education.

1. Research: The first thing is to inquire about the colleges and institutes that offer free nursing education and training programs. There are some nursing homes, rehabilitation centers, and hospitals that offer free training programs for candidates interested in pursuing a career in nursing. Its recommended that you visit these places to collect the detailed information and the procedure for enrolling for the training program.

2. Financial aid for CNA: There are several financial institutes that offer financial aid to individuals who cannot bear the expense of the training program. Some companies sponsor the candidates as well. The government also has a scholarship program for these candidates. For the scholarship, the candidate has to pass the basic examination that includes an IQ test and some basics facts about nursing.

3. Check for the accreditation: It is important that you should check for the accreditation of the institute or college where you are applying for the certification course. Remember without the accreditation and recognition, you might waste your time and effort if your certification is disqualified and then you would be back where you started. Hospitals and other medical organizations are very strict about this aspect, and you probably won’t even get an interview unless your certification is from an accredited institute.

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How Important is Continuing Education for Your Career?

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With the high rate of unemployment in some parts of the world, it becomes an implication for employees in other countries to keep up with the competition in landing a job. Employers usually look into the skills and knowledge of a particular person for hiring and recruitment and these factors are mainly based on the educational attainment of the person especially in careers that deal with a specific profession. Most people would be very comfortable in their educational attainment after completing a college degree or a Bachelor’s degree. However, it should be noted that in today’s generation, one should never stop pursuing higher education because your credentials becomes a good foundation for your career. Here we will discuss what continuing education is and what its importance is. [Read more…] about How Important is Continuing Education for Your Career?

Resume Writing Tips When You’ve Been Unemployed

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Resume Writing Tips-

 During this world recession, unemployment is commonplace. That doesn’t mean the recruiter or hiring manager will look favorably upon your unemployment though. Being unemployed shouldn’t bar you from ever working again so, I’ll share CV and resume writing tips for those who have had times of unemployment. Here are five resume tips for re-entering the working world.

Lend a hand

While crafting your perfect resume, volunteering could get the ball rolling in your search for gainful work. Seek out organizations that actively take on volunteers for skill-building responsibilities. For example, are you worried that your office skills are rusty? Offer to do some clerical work for a non-profit. Get back into organizing events, if that is your chosen field, by helping charities put together fundraisers. It will serve as a recent activity that shows you are still in the game and, if you do well, could secure you a strong reference.

Close the gaps

Resume Writing TipsEven though you may have been out of work for a while, chances are you have still been honing transferable skills in stints of non-paid or casual work. Make sure you account for those activities on your resume so that the recruiter or hiring manager knows you have stayed active and, more importantly, weren’t in prison.

Consolidate and adapt skills for each position

It may be tempting to fire off thousands of resumes to countless job postings. One has to stick, right? Unfortunately, probably not. Between the implementation of keyword scanners and the demanding eyes of HR professionals, it is more [Read more…] about Resume Writing Tips When You’ve Been Unemployed

Benefits a Mechanical Engineering Degree

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Mechanical Engineering Degree-

 With a Mechanical Engineering Degree you could be involved in building everything from race cars, airplanes, even NASA rockets, Solar Energy, robotics or almost anything else that is manufactured. If you are interested in designing things that work, mechanical engineering may be the best option for you. Mechanical engineering deals with anything that needs design work and production of tool machines related to mechanical equipment.

With a Mechanical Engineering degree

Mechanical Engineering Degree 1) Build and Design Quality products – Mechanical engineers all around the world make sure that the public gets the best quality products. Mechanical engineering is usually associated with design principles, systematic technology, problem-solving and other areas that constantly benefit people. Mechanical engineers design, develop, build, and test mechanical devices, including tools, engines, and machines. They analyze situations to determine how a mechanical device might best solve the problem. They work with all types of machines including electric generators, refrigeration and air-conditioning, industrial production equipment, internal combustion engines, and even and steam and gas turbines.

2) Job openings – Students with a mechanical engineering degree are able to get jobs in the best industries and sectors all around the world. Every industry is in need of skilled engineers. Engineers are needed in all walks of life and students with a mechanical engineering degree are recruited by every major industry. Mechanical engineers are the second-largest [Read more…] about Benefits a Mechanical Engineering Degree

Five Things to Consider When Outsourcing Your Payroll

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Payroll-

Your business has grown, and now the task of managing your weekly payroll has become unmanageable. Or maybe you – or your staff – simply don’t have the knowledge and expertise to take on the payroll every period while also trying to manage all of the tax and benefit issues that come along with the process. Whatever your reason for deciding to outsource your payroll functions, there are some important things to consider when you choose a service. It might be tempting to go with a local company or the least expensive payroll service, but when it comes to handling this vital procedure, there is more to think about than just proximity and cost.

Is the payroll system user-friendly?

Even when you hand off payroll tasks to an outside source, you still need to be involved with the process. You need to provide personal employee information, details about hours worked, benefits and deduction information, and of course, banking information. In some cases, this information is static, but inevitably there will be changes. When comparing service providers, request a trial run of the software that they use for information gathering to see how user-friendly it is and how efficiently you can add and change information. If the system is too complicated, try something else. Outsourcing is supposed to [Read more…] about Five Things to Consider When Outsourcing Your Payroll

Networking to Find a Better Job

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Networking-

Job Hunting these days is difficult but it can be made easier with the right contacts, the old saying still holds true…  “it’s not what you know but who you know”. Networking is one of the best and most efficient ways to find new career opportunities for your professional life. Here are some ways for you to start networking:

Volunteer:

Volunteering has many networking benefits and not only is it a great way to get Experience and build your resume, but also a chance to give back to your community, and its a feel-good activity… it’s great to meet other people who enjoy doing the same thing. Because volunteering brings in different people from all walks of life, working with your local soup kitchen, animal shelter, or a ‘big brother’ program can really open doors to different industries and fields.

NetworkingYoung Professionals:

Many cities have different programs that are centered around getting young professionals together, whether it is through a common interest or activity, a certain field, or a young professional organization centered around volunteering. These young professional groups are great for networking because it puts you in touch with others your age with the same background and passions. Many young professionals offer [Read more…] about Networking to Find a Better Job

Outsourcing Business- Tips to Reduce Overhead

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Outsourcing in Business

Few situations are more unpleasant in business than finding yourself faced with the dreaded spectre of insolvency. Unfortunately, this situation is by no means uncommon. On the contrary, recently released figures from the Australian Securities and Investments Commission have revealed that the number of insolvency court appointments has been on a steady rise from as early as the 2007-2008 fiscal year. However, while there were 9,200 such appointments in five years ago, 2011-2012 saw over 11,700 such cases. To call insolvency a plague of the national business scene would be to spread pointless panic, yet the growing trend is apparent at first glance. So what can a business owner do, to reduce expenses? There are several simple solutions available to any company, but especially appropriate for small enterprises in the modern information age to reduce business overhead and Employment Costs .

Don’t Be Afraid of Outsourcing

Outsourcing BusinessMany entrepreneurs and start-up owners prefer to keep everything in-house, out of a poorly understood need to oversee every small step of their business plan. While precaution and daily updated insights are valuable commodities, it is results that matter. An efficient manager should know how and when to delegate responsibility—what is more, they should also figure out how to avoid having staff costs running through the roof. More simply put, there are aspects in any business (account keeping, IT maintenance and legal consultancy spring to mind as prime examples) that are better off outsourced. As online presence is becoming increasingly important for current business-making, it is an equally viable option to pay an expert for handling your website, blog and corporate Social Media accounts. Don’t spend a small fortune on a permanent employee, but rather employ freelancing, while enjoying lower overall costs for possibly better services. In addition to personnel, in the 21st century, it is possible to outsource equipment rentals, and even real estate.  [Read more…] about Outsourcing Business- Tips to Reduce Overhead