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Category Archives: Employment

Benefits of a Summer Job

Work ethic

Taking on a summer job can be very useful for those looking to build a work ethic. This can have a very big impact on your character and likely to stay with you for life.

Meet people

When you are able to leave behind your natural environment and social groups, you will start to meet new people and gain friends. Additionally, this can be a great time to improve on your people skills and start to network with employers, managers and co-workers. It is a lot easier to network when able to impress people with a positive attitude, a willingness to learn and a great work ethic. A summer job can easily become a long-term position if the employer is suitably impressed.

Communication skills

The time spent working can be used to polish and develop your in-person, electronic and written communication skills. Also, this can be a useful time to see how well you get on and interact with others.

Part-time roles

A summer job doesn’t need to take up all of your time. There are plenty of options to take on a part-time role that will still leave time to be with friends and travel. Even if you do work part-time, there should still be enough time to make a great impression and learn new skills.

Boost Your Resume

The ability to show past experience in a real-life work environment on your resume will show you are motivated, determined and responsible. The past experience from a summer job will be particularly helpful if it relates to the same industry you intend to work. Anything on your resume that shows past experience in a chosen field is likely to increase the likelihood of getting hired after finishing college.

Being a Freelancer

Pros:

Freedom: Degree of freedom is high in freelancing or self- employment, which can be in working hours, clients, workstations, vacations etc. Freelancer is nothing but self-employed and in-charge of production, administration, business development.

Flexible Hours: The First advantage that any employee will expect. In freelance employment, one can rule the time and place – can take a full afternoon nap and work at the nights or have a weekend to explore the city. Choose your own working hours, workstation according to your needs, unlike the regular business hours.

Hold all the profits: Freelancing runs on a purpose of more you work the more you earn. Unlike a regular job, can increase the profits and keep all of them. Implement your ideas in the comfortable timings with your clients, put the effort and enjoy 100{41a62b63d9c58cf9dde98c47930f4cd194683f44bbb7cb40938e9e2e77046ac2} of the benefits. No matter, how less the rate is and how large the projects, clients are, freedom to use the money is all yours.

Cons:

Payment Risk: It was mentioned about profits earlier, but the payment has to be made at the right time for profits. Payment issues are not uncommon in freelance employment but necessary precautions have to be taken to avoid scams. Some of the ways to protect from risks are to ask for advance token of amount from new clients, find out if the client is trustworthy by calling or from other freelancers, take extra care when dealing with foreign clients as their legislation are different from yours, gather as much information as possible like location, web address, head of the company, clarify the payment procedure and etc.

Work-life balance: Unless a freelancer has strong ground rules, it is hard to have a work-life balance. Strict work schedules defined workstation which gives the feel of office even if it is home or spends time at café’s, libraries to complete the job. Most of the freelancers lose the interest to work when they fail to distinguish between personal life and professional life.

Writing an Effective Resume

First thing to do for an effective resume; DO

Include a personal statement, your education, your work history, any volunteer work, and skills you possess. A resume is a tool you use to sell yourself to a company.

Second thing to do for an effective resume; DO NOT

Lie. You might be tempted to lie about something on your resume. People might encourage you to embellish a few things to make yourself look better but ultimately, it is not worth it. Common lies include extending work dates, claiming education you do not have, and adding jobs you have never had. If you lie on your resume and are hired, you will have to keep pretending accordingly.

Third thing to do for an effective resume; DO

Be honest. If there is a gap in your employment, a good employer would rather be told the truth than fabrication. Just because you do not meet some of the requirements for the position does not mean they will not consider you. Employers will run a background check.

Fourth thing to do for an effective resume; DO NOT

Assume that the same resume can be used for every application. Take the time to tailor your resume to the job you are applying for. The information should remain the same but reordering sections to highlight what the employer is directly looking for will make them look at your resume twice.

Careers for the Future in Finance

Blockchain Specialist

Blockchain is the technology that was introduced by the Bitcoin. It was originally designed as a decentralized digital currency. The key behind blockchain technology is that it allows reliable transactions of value between several parties without the need for a central authority. The potential applications to the banking industry are still uncertain. We could see it replace the current system for transferring money between local and global banking entities. The strengths of such a peer-to-peer system could also be used to propagate, between financial institutions, details on each economic agent.That would allow a bank to know very quickly if a particular client can be trusted, and thus greatly reducing compliance costs.

One thing is certain however, this technology will have a huge impact on the industry in the decades to come. Most major banks have invested in research on this technology. As Simon McNamara from RBS has said “I don’t know what’s going to succeed. What I’m certain of is that we are going to see blockchain solutions and peer-to-peer solutions emerging in our industry and we want to be close to that development.” Blockchain specialists will have a strong interest in both computer science and economy.

Data Scientist

This one may be the most obvious. Banks are already recruiting loads of data scientists, and giving them some of the best paid positions in the industry. However, this is only the beginning of the revolution. As the algorithms get more and more sophisticated, the mission of computers will slowly move from applying a strategy to finding strategies by surfing huge amount of data.

Data scientists will design systems that will explore huge databases containing all kinds of data; historical prices, news, and even personal information on clients.; All of which will uncover invisible correlations and unknown relations between objects. It will then be able to run a strategy based on these new findings.

Ultimately, banks will have computers that will learn on their own how to make money from a huge compilation of diverse data. The focus of the competition will be to attain the best data and input it into these computers. This will be the application of machine learning to finance.

A data scientist is a specialist in statistics that also has an interest in computer science.

Financial Psychologist

The most experienced bankers will tell you, short term moves in price are explained in part by human psychology. In order to improve their decision-making process, banks will have to take these human parameters into account.Technical analysis can be seen as a precursor of this discipline, its goal being to capture some human behaviors by spotting recurring pattern in historical prices.

Employment Ideas for Seniors

Consultancy

Retired seniors with specialized experience and/or advanced degrees often become consultants. This allows them to share valuable knowledge and experience with others and work at their own convenience. There are many companies that actively seek retired finance professionals, lawyers and computer programmers to act as consultants for short-term projects.

Temp

Temporary jobs provide an opportunity for you to work at your own leisure. These may include general office jobs, such as customer services, order processing and bookkeeping. Typical assignment duration can range from one day to a few weeks. Look for the local job postings in your area that seek temporary employees and apply at your earliest.

Home-Based

Some small businesses seek professionals who can work from home. These include accountancy outsourcing firms, bookkeepers and content writers (freelancers). If you have experience in any of these fields, you can work from home for any of these businesses. All you’ll need is a laptop and a high speed internet.

Part-Time

If you’re looking for a low-stress job that carries a light responsibility and allows you to stay active, then a part-time job is just what you need. Several retail positions, sales-oriented jobs, children services and teaching assistant jobs need part-time employees, irrespective of their age and gender.

Community

Many senior retirees are looking for jobs that allow them to give something back to their community. These jobs tend to pay very little and are often seeking unpaid volunteers. There are several animal shelters, religious organizations and Peace Corps that accept older individuals, in a good health, to work for them. Peace Corps also allows a legally married senior couple to work and serve together.

Rescind the Job Offer

Following are some reasons why you should rescind an offer.

• Background check failed
• Drug screen failed
• Physical failed
• Candidate falsified information on their application
• Candidate did not accept the offer within the agreed upon time
• Candidate indicates poor character towards the end of the offer process
• Candidate has unrealistic requests to make changes to the offer
• Candidate has a counter-offer from current employer that they want to accept
• Candidate fails to show up for first day of employment without explanation

*Notice none of the above reasons mentioned rescinding an offer due to receiving poor references. Leave reference checking out of the equation. Reference checking is not worth the defamation and legal risks for being sued. When reference checking most companies are wise to only verify employment dates, titles and confirm whether or not the candidate is eligible for rehire.

Reasons why you may not want to rescind the offer:

• You fear looking foolish to your superiors
• You feel bad for the candidate
• You need to make the hire
• You are never wrong
• It will take too long to find another candidate (

Reasons why you should not rescind an offer: Discrimination. A sample of what would be considered is your new hire starts their job and informs you they are Muslim and need to wear their hijab to work. You can not rescind the offer at this point unless you want to fear being sued for religious discrimination. Another example is during the job offer the candidate informs you that they are diabetic but they have it under control. You become concerned about how this might impact your health insurance rates and you want to rescind the offer. Don’t rescind that offer unless you want to fear being sued under the ADA (Americans with Disabilities Act). Another more common example might be where you make an offer to a female, who informs you during the offer process that she is pregnant. Don’t rescind that offer unless you want to fear being sued under the Pregnancy Discrimination Act.

Let’s dig a little deeper into why you should rescind an offer. One of the reasons for rescinding an offer is the candidate informs you that they received a counter-offer from their current employer. If the candidate indicates they are going to accept the counter-offer wish them well and send a follow up email confirming that your offer will be rescinded due to candidate informing you they are accepting a counter-offer from their current employer. Do not engage in a financial/benefits tug-of-war between the candidate’s current employer and your firm. Do not inquire as to what the counter-offer contained. Unfortunately it is a fact of life that the occasional candidate will interview solely for the purpose of getting an offer and using that offer to prompt their current employer to ante up and provide them with a counter-offer. Most candidates don’t realize that when they accept a counter-offer their employer is now wise to the fact that they are out shopping around and will put plans into place to find a replacement for the candidate. The counter-offer often is just a way to keep the candidate with the firm a little bit longer while the replacement is found.

Another reason to rescind an offer is the candidate has unrealistic requests to make changes to the offer. By the time an offer is extended verbally both parties should have a realistic expectation as to what the offer will come in at. More than one person will have interacted with the candidate and confirmed what their skills strengths are and this too will drive the offer figure determination. When a reasonable offer is extended followed by unreasonable requests presented by the candidate you may want to cut bait and let the candidate go. Case in point, there was a candidate that received an offer from the company I was working for one year prior to them applying to a role I was now responsible for filling. Her skills seemed to be a match for my role so I called the recruiter that worked with her for the prior offer. I learned that the candidate turned down our offer a year ago as she was seeking a greater income. The role I had available had a greater salary range than the previous role she applied for. After consideration we progressed this candidate through our normal interview process and decided to extend an offer to her. Our offer was generous allowing for a significant increase in her current base; overall it was a much better offer than what she received from the company a year prior. After extending the verbal offer the candidate requested a generous sign-on bonus as well as increase in vacation time off. I told the candidate that I would look into her request and call her back within the hour. I called the candidate again and this time I had to leave a voice message to communicate that we could offer her a sign-on bonus but were not able to allow for additional vacation time as that was standard company policy which was not a negotiable item. The candidate emailed me back indicating they received my voice message (red-flag as #1 They knew I was calling back with results from their request and didn’t answer the phone. #2 They chose to email a response vs calling and talking to me directly.) and asked to be allowed to work via home because the offer was lower than what they hoped for so therefore they had to factor in the cost of gas to get to the job site which was less than 30 miles away from their home address. They asked for commuter assistance in terms of reimbursement options and then they requested the offer be written up formally. The candidate knew our offer process required verbal acceptance followed by the offer written up formally for review and written acceptance. Combined with her prior offer battle and subsequent downturn it was clear the candidate would have no end in site with requests moreover they expressed the need to be in control of the company’s policies and processes. This was a time when the company rightfully rescinded the verbal offer.

Following is a case in point for rescinding an offer for poor character or better put, lack of maturity. After a verbal offer was extended to our candidate, instead of asking for a higher base or bonus the candidate emailed me the following: ‘One question for you – Could you tell me a bit more about how raises work at CompanyX? I’ve heard that raises are few and far between at CompanyX.’ In addition to this question, that was more of a slam on the company’s reputation than a request for an increase in base pay, the candidate took the time to express dissatisfaction with how long the interview process took. The candidate signed their email, ‘Cheers, Patty’ The email wasn’t a total surprise as there were small red flags throughout the interview process that indicated Patty may have a negative outlook. The hiring managers chose to overlook the red flags since a company leader referred Patty to them. I later learned that the company leader didn’t know Patty. The leader bumped into Patty at a social event where she asked if he could assist her in finding a new position with our company. The leader simply passed along her resume to the team that he thought might be interested in her. The negative tone along with the continual topic of raises caused management to sensibly rescind the verbal offer.

A word about feedback when rescinding an offer. Provide as little detail as possible. Give an inch of feedback and expect a mile of arguing and potential lawsuits.

About Posting Jobs in Job Boards

During the times, the growth of the internet was very slow. However, now the time has changed. Internet connectivity has reached throughout the globe, even covering small towns, districts and rural areas. This hassle free way of applying to various job opportunities have provided enormous opportunities for the people to serve in the domain, which they are passionate and enthusiastic about.

Several small, medium and large scale organizations are taking the advantage of this technology to find the right people for their company. Many of them take the help of free online tools to generate awareness about the vacancies in their company.

Now a days many job portals offer job postings with no cost, which allow several companies to post their hiring requirements online at a minimal or negligible cost.

A free job posting offer numerous advantages. Here are some of the advantages experienced by big companies to catch right talent from an ocean of fishes.

· Minimal Expenses

· Ease to post

· Spread of information

· Free live metrics

If you ever been to the Human Resource Department, what it takes to process a job application. This helps to save your expenses by cutting down the cost incurred while posting a job online.

The steps involved in posting the jobs online are very simple and flexible. Anyone having the basic computer skills can post the jobs online in a hassle free manner.

Free job posting sites are nourished with hoards of users. With the help of job listing, you get an advantage to post a job having reach to thousands of users. This helps in delivering the cream information to the masses within a short span of time.

Being a Freelance Android Developer in Singapore

The good news

Freedom

The biggest perk of being a freelance developer is the freedom. You have no one breathing down your neck and you can choose which job to accept. Having direct talks with the clients gives you a better idea of what they want and no one can interfere with your creative process. This makes things more efficient and you only need to answer to the client.

Easy to enter

The Android industry is progressing spectacularly in Singapore right now. The country was the first in Asia to introduce Android Pay, the new version of Google Wallet, in collaboration with MasterCard just last month. There are plenty of resources to get you started on your own and fewer restrictions by Google Play Store during app launch.

Cost effective

Apple and other major operating systems are pricey when it comes to development. Both the hardware and software is costly, making it difficult for a freelance app developer. Android is the best choice with a one-time registration fee of 25 USB compared to Apple’s annual 99 USD. The standard 30{41a62b63d9c58cf9dde98c47930f4cd194683f44bbb7cb40938e9e2e77046ac2} commission applies for app sales on Google Play Store.

Free SDK

An app developer cannot survive without tools so you need to look closer at the costs involved there as well. Apple’s SDK cost is included in the annual iOS Developer Program fee but Android’s SDK is completely free and available for download on Windows, Linux, etc.

Time is right

As the Android industry is at its peak in Singapore at the moment, there couldn’t be a better time for looking into freelance Android app developer. The growth is expected to increase in the near future as there is a huge market for Android apps in the country.

The bad news

Fragmentation

There are so many versions of Android still in use among the population that most businesses prefer to launch their Android app on more than one. There are still more to come so it is harder to design apps for numerous versions according to the device specifications.

Less legal protection

Since there is no proper union for freelancers in Singapore, they are not eligible for benefits like medical, leaves, legal rights like regular employees. However, positive steps are being taken in this regard. In March this year, the National Trades Union Congress (NTUC) stressed that freelancers required a reliable system to safeguard their rights.

Payment woes

The biggest issue in freelancing is money although native Android app developers are very well paid and in high demand. Even when the task is complete, the client may be lazy about transferring your payment. They are often under the impression that rates are negotiable and they can get the work done for cheaper just because you are a freelancer. There is also no annual raise like permanent employees receive.

No ownership

Being a freelance developers sometimes means that you cannot claim intellectual and confidential property rights to your work. This may hinder your professional growth and of course, you might refuse jobs such as these reducing your options.

No third-party support

If your professional rights are violated in any way, you cannot seek the help of a union because such a thing does not exist in Singapore. You will either have to give up or settle for something much less because there is no suitable representation for you by law.

Key to Getting the Job

1. Make your goals clear. If you’re content in your current position and don’t want further responsibility, it’s all right to say so. On the other hand, if you want something more, make sure that your employer knows it! There’s no need to be rude; simply putting the information out there is more than enough. For example, you might say, “I would eventually like to be a construction foreman, and I’d like the opportunity to develop leadership skills within my current position.” If your current employer doesn’t know that you want to move up, you may miss out on valuable opportunities. When you’re looking to move to a new company, share why you’re interested in them: “I love your company’s vision, and all of my interactions with the company have shown that your culture would be a great fit for me.” Your employer can’t read your mind. By clearly sharing exactly what is that you want, you’ll discover that they’re more likely to give it to you.

2. Follow the application process. Whether you’re hoping to move up from within or you’re looking for a new job, it’s important to follow the described application process to the letter. Take a good look at even the most unusual or obscure instructions in the application process. Hiring managers at a new company take note of the details: if they tell you to send your information by email, do so. If they ask for a hard copy of your resume, it’s important to provide it. When you pay attention to the details of the application, you show that you’re genuinely interested in a specific job, not just following the same procedure for every application you put in–and you prove that you’ll give that same attention to detail in your everyday job performance.

3. Practice what you want to say. When you approach your boss about your interest in a new position or promotion, practice it first! Take the time to think through exactly what you want to say and remove filler from the statement. You’ll find that this makes you appear more confident, which in turn increases your employer’s confidence in you.

Career Planning in the Hospitality Industry

Job Prospects

Many avenues are open to a hotel management graduate. Not only in the hotels but various other fields like;

• Airline

• Cruise line

• Travel and Tour

• Restaurants

• Bars

• Fast food chains

• Catering industry (Institution, Railway and hospitals)

• Highway Motels

• Amusement Parks and Malls

• Multiplexes

• Hotel & Tourism Institutes

• Self employment, are to name a few.

High turnover is a key challenge in the hospitality industry. Employers have difficulty finding workers who possess basic “soft skills,” which are often a prerequisite for success in a customer service-oriented field. English proficiency is a key challenge because a large percentage of the hospitality workforce does not speak English as their primary language.

With the hospitality industry’s growth rate increasing, the importance of finding good employees, especially young workers, is a high priority. Historically, the hospitality industry has drawn heavily from the young labor pool to meet their workforce needs, but in recent years the industry has been left with an insufficient pipeline of new skilled workers to satisfy the demand.

Successful Career Planning in Hospitality

Successful career planning is very tempting for everyone. Planning of a good career involves many decisions. What will help you to make a good decision? A good decision making model. All you need to have a good vision statement which will help you to find what is it you want to do and for whom. Once you identify this it is easier to make out your right decision.

Most of us are not well trained in decision making. Most of our decisions are made by our parents or relatives or friends. And we follow them, because we are influenced by these outside factors to believe strongly that “experience is the best teacher.” Many a time experience is quite expensive. Developing a good decision making module and using a good process will lead you to achieve your desired goal.

A good career planning process will have the following steps:

• Decision Making

• Know yourself

• Narrow your options

• Chose the right job

• Execute

Decision Making: A good decision making is an essential skill for career success. If you can learn to make timely and well-considered decisions, then it can lead you to spectacular and well-deserved success. All of us have to make decisions every day. Some decisions are relatively straightforward and simple while others are quite complex. Simple decision needs a simple decision making process. But difficult or complex decisions usually involve issues like uncertainty, complexity, high – risk, alternatives, and interpersonal issues. With these difficulties in mind, the best way is to use an effective process. Clear processes usually lead to consistent, high-quality results, and they can improve the quality of almost everything we do.

Every hospitality student’s career dream is to become a Hotel General Manager. Becoming a Hotel General Manager may be an objective for your career, but first you have to understand ‘what is it you want to do and for whom.’ Ideally, career planning is more than just finding a job. A process shows you what you want to do for the rest of your life. You need to find out what is right for you without being influenced by others. Because some people still have negative image of hospitality industry, and may discourage you.

Know yourself: You need to know yourself before you search for a job. Understanding yourself will help you to find out the best job for your abilities. Knowing yourself in essence, you understand your strengths, weaknesses, interests, values, and personality. Knowing yourself includes classifying your skills, interests, values, personality type, and developing a vision statement.

Know your skills: Start creating a list of your achievements and accomplishments. Do not restrict only with your professional or technical knowledge. Be extensive and cover everything from your school days accomplishments, hobbies, extracurricular activities, problem-solving abilities, project management etc. This list will be an excellent start and help you creating your resume. The root causes of these accomplishments are your strengths.

Interests: Identify your interests in relation to the opportunities and demands of the hospitality industry. It is essential to identify interests that have connection with the hospitality industry such as traveling, cooking, meeting people, organizing events, participation in team activities, and learning languages. Sincere interest and genuine enthusiasm are keen factors for successful career.

Values: Values are the rules by which we make decisions about right and wrong, should and shouldn’t, good and bad. They also tell us which are more or less important, and which is useful. You should examine your values during the self assessment process. Trying to answer the question “what matters most to me?” working in a large group or a small group, high risk or security, working individually or working with a team, multicultural or homogeneous environment, long work hours with few holidays or eight hours of work with weekends and holidays, can be very thought provoking.

Personality type: Knowing what type of personality you are and what are your psychological preferences and finding a career which suits you will make you more successful and you will gain more satisfaction from the career. There are many tools available on the web to find what type of personality you are.