Tagged: reinventing career Toggle Comment Threads | Keyboard Shortcuts

  • drdianehamilton 3:00 pm on July 11, 2010 Permalink | Reply
    Tags: , , , , , , , reinventing career, , ,   

    How Unemployment Affects You (Even If You’re Working) 

    The impact of unemployment has far-reaching consequences. Even those who don’t suffer layoffs in an office may find that their jobs (as well as their personal lives) have been negatively impacted. And for those who have lost their jobs, hopes for a timely retirement may be dramatically altered. 

    Employees Work Harder but Earn Less
    Labor Department statistics show that Americans are producing more goods than in previous years, but are being paid less for their work. When coworkers are laid off, those that remain must pick up the slack, meaning longer hours, harder work and less pay. Although corporations may show some profits during these times, it often comes from employee cuts or reduced wages for those who remain.Fear of job loss may leave employees feeling like they are at the mercy of their employers. For some companies, the hardest working employees may be the only ones around when the dust settles. While this may be a way to weed out the less productive workers, many of these productive workers may be facing burnout, as well. (To help avoid burnout, see our article Top 10 Ways To Avoid Burnout In Corporate Finance.)

    It can be difficult to find motivation when there are no incentives (bonuses and raises). However, the fear of not having income may force employees to step up to the plate and work harder than ever before.

    Impact on Retirement Savings
    Personal savings accounts can be one of the first things impacted by loss of a job. That’s why it is important for those who are fortunate enough to have a job in good times to take advantage of the automatic enrollment of their retirement plan. According to a survey from The Hartford in 2009, 32% of respondents were likely to postpone putting money into their retirement plan and 24% felt they were going to have to retire later. (Find out more about planning to achieve your retirement goals in Five Retirement Questions Everyone Must Answer.)

    What To Do if Laid Off
    When you find yourself laid off, it’s time to network. There are plenty of online networking sites that can help you get back on your feet. Just remember – any connection can lead to employment.

    One of the major issues people are facing when they get laid off is what to do about health insurance. Remember that there are plans like COBRA that can continue passed your employment.

    Who Does Not Get Hurt During Hard Times
    Not everyone gets hurt by a recession or downturn in the economy. Trends in employment statistics show that women may pass men in terms of numbers in the work force. According to the Bureau of Labor Statistics (BLS), as of November 2008, women held 49.1% of jobs. Although there are more women entering the work force, they are still working fewer hours than men, and make only 80 cents for each dollar that men earn, according to the government report.

    In times of recession, not all companies cut jobs – and some even thrive. Historically, dentists have done well in hard times, due to fact that people who have skipped taking care of their teeth find themselves having to play catch up. A survey by San Diego’s AMN healthcare in 2009 showed that during a recession, many nurses went back to work to fill the financial void from a family member’s lost wages. In the survey, 58% of those who responded said they were working more hours compared to the previous year.

    Filing for Unemployment Insurance
    How do you know if you qualify for unemployment insurance? The first place to start is your state’s Department of Labor website, in order to answer a few qualifying questions. There is usually a waiting time before benefits take effect, and even then, the total amount you receive will not equal the amount you’d make while working. So, plan accordingly.(Preparation for unemployment can help you land on your feet should the day come, check out our article Planning For Unemployment for more.)

    Conclusion
    When unemployment is high, people who have jobs may be more stressed and overworked than ever. Those that have lost jobs may be feeling depressed and anxious. Though recessions end, and unemployment rates will fluctuate, it takes more than high hopes to land on your feet after a stint of unemployment. Plan ahead and use the money you have wisely, and you should be back in the office in no time.

    For related reading, take a look at Are Layoff Protection Plans A Good Deal Or A Gimmick?

    by Diane Hamilton, Ph.D

    Diane Hamilton’s formal education includes a Bachelor of Science, a Master of Arts and a Doctorate degree in Business Management. She has an Arizona real estate license as well as certifications in the areas of medical representative, Myers-Briggs and emotional intelligence. With more than 25 years of business and management-related experience, her background includes working in many industries, including computers, software, pharmaceuticals, corporate training, mortgage/lending and real estate. She currently teaches business-related subjects for six online universities and is in the process of writing a book on personal finance for young adults. She can be reached through http://www.drdianehamilton.com.

     
  • drdianehamilton 4:26 pm on July 9, 2010 Permalink | Reply
    Tags: , , , , , , , , networking tips, reinventing career, , social media tips, , ,   

    Top 10 Ways in Which Social Media Can Get You Fired! 

    According to Proofpoint, an Internet security firm, of companies with 1,000 or more employees, 17 percent report having issues with employees’ use of social media. Furthermore, 8 percent of those companies report having actually dismissed someone for their behavior on sites like Facebook and LinkedIn. Some other interesting findings from the study:

    • 15 percent have disciplined an employee for violating multimedia sharing / posting policies
    • 13 percent of US companies investigated an exposure event involving mobile or Web-based short message services
    • 17 percent disciplined an employee for violating blog or message board policies

    So, how do you avoid getting fired when using social media? What are the things which will, most probably, get you fired? Here we go with another Thoughtpick fun-fact list with a point:

    I have been doing a lot of research on social networking lately. This article does a nice job of pointing out the things you should be concerned about in your present job. However, remember these rules apply if you are looking for a new job as well. Be careful what you put on your social media sites, it could keep you from getting a job.

     
  • drdianehamilton 1:23 pm on July 8, 2010 Permalink | Reply
    Tags: , , , , interview questions, interview skills, , , reinventing career,   

    13 Illegal Interview Questions: Do you know what to do? 

     Editor Notes: Most Job Seekers have no idea what an Illegal Interview question sounds like. Here is a list of 13 questions that a job interviewer should not be asking you. Remember the purpose of an interview is to get the job. So it is important that you understand how to answer even inappropriate interview questions.
    13 Sample Illegal and Legal Interview via internsover40.blogspot.com

    In my book How to Reinvent Your Career I write about interview questions you should be prepared to answer. Remember that there are some things that should not be asked in an interview. I think this writer has an interesting take on this situation. . . however, be sure you know that no one can ask you directly about your:

    Race
    Color
    Sex
    Religion
    National origin
    Birthplace
    Age
    Disability
    Marital/family status

    For more advice about how to handle these questions, check out an additional article by Monster by clicking here.

     
  • drdianehamilton 10:16 pm on June 29, 2010 Permalink | Reply
    Tags: , , , , , , reinventing career, reinventing yourself,   

    The end of an era, and the beginning of another 

    I left a job I had for 20 years to recreate myself in several different industries which eventually lead to this . . . my writing and teaching. It was very difficult to give up a job that you have been in for so long. It taught me how to reinvent myself though and it was the best thing I could have ever done. I don't miss the old job for a second!

     
    • Robert J Spies, MD 12:57 am on June 30, 2010 Permalink | Reply

      hello Diane
      amazing that you were able to reinvent yourself after 20 years. that is a tribute to your determination and intelligence.

    • Ann Adams 6:00 pm on July 6, 2010 Permalink | Reply

      Go for it Diane. Obviously this is something you enjoy and that motivates you. I know you’ll do great!

  • drdianehamilton 3:53 pm on June 26, 2010 Permalink | Reply
    Tags: afraid, avoidance, , career mistakes, , change career, , , , fear, interests, , problems, reinventing career, ,   

    Career Mistakes 

    Top 10 Things To Do To Learn From Career Mistakes

    In my forthcoming book, How to Reinvent Your Career, I include a lot of different exercises that you can do to help you progress in the reinvention of your career. In the chapter about mistakes, I include many things that you can do to get past the mistakes you feel you may have made in the past. Too often we dwell on things that we have done. Doing so may hold us back from moving forward. Is anything really a mistake if you have learned something important from it? How can you move forward and benefit from the past? If you are considering reinventing your career or making some changes, here are a few things I would recommend that you do to help you get over past mistakes, get over your fears and move forward.

    1. Write down some of the mistakes you think you have made in the past.
    2. Write down the things you have learned from making those mistakes.
    3. Write down the things that interested you in your youth.
    4. Write down the things that interest you now. How are the two lists different?
    5. Write down the kinds of changes will you have to make to fit into a new company.
    6. Write down the things that you are afraid will happen if you make specific mistakes.
    7. Write down the things you can do to be sure you won’t make those mistakes listed in number 6.
    8. Write down the ways you can overcome the problems associated with the mistakes in number 6 should they actually occur.
    9. Think about how bad would it really be if you made a few mistakes? Did the mistakes you made in the past really end up so badly?
    10. Think about what would happen if you don’t take the chance of making some mistakes; is it worth staying where you are now?

    http://www.drdianehamilton.com

     
c
Compose new post
j
Next post/Next comment
k
Previous post/Previous comment
r
Reply
e
Edit
o
Show/Hide comments
t
Go to top
l
Go to login
h
Show/Hide help
shift + esc
Cancel
Follow

Get every new post delivered to your Inbox.

Join 244 other followers