Tag: Money

LinkedIn Link-Love

June 18th, 2008

There’s a lot going on out there about LinkedIn, the check-your-personality-at-the-door social networking site for business-types.

Here’s a few key take-aways for you:

  • The New York Times today speaks about LinkedIn‘s recent influx of capital, and the benefits the site has in being a decidedly-stuffy site for networking among professionals:

    “LinkedIn gives professionals, even the most hopeless wallflower, a painless way to follow the advice of every career counselor: build a network.”

  • Author and Speaker Lindsey Pollak noted not only the article above in her blog post this morning, Why you should use LinkedIn (if you aren’t already), but also jotted several notes down she received from a PR manager at LinkedIn on how you can use LinkedIn more effectively:
    1. Study people you admire.
    2. Tailor your profile to look similar to the people whose careers you want.
    3. Research people you are scheduled to meet.
    4. Ask for… and Give advice.
    5. If you want to increase your Google-ability, set your profile as public and choose a vanity URL

    She also points people to more information about using Linked in smartly here, here and here.

  • Finally, Kiley Newbold pointed me to a court-ruling in England where  the High Court orders an ex-employee to hand over LinkedIn contacts apparently used to compete with his former company.  Nevermind the random and really-trying-hard-to-include-relevant-news image of Obama in the article, the point is that companies are trying to clamp down on the rolodex of their past-employees… is  that fair? What do you think?

Popularity: 13% [?]

Wild, Wild… Google

March 13th, 2008

Google ads, those little bits of advertising text that litter the internet, have made some people a lot of money.  I run the ads on this site to offset the costs of hosting, but others have made a living off both placing ads, and buying the “little tiny classified ads” from G$$gle.

And, more and more frequently, there are people being tossed out of the Google fun house onto their backsides, banned from Google Adwords, without any recourse, due process, or even any warning.

Even Micro$oft isn’t that evil. 

Popularity: 26% [?]

Know Someone? Get an iPod Nano Video

September 27th, 2007

Now you can get one of these just for helping a friend or colleague get a job with us:

Popularity: 10% [?]

Women Who Negotiate Salaries are ‘Less Nice’?

July 30th, 2007

MSNBC’s Shankar Vedantam notes in an article published today that research shows men are more aggressive than women in asking for a raise, which some may say is common-sense. However, some other very interesting things come out of the article, and, from the perspective of someone who is tasked with making hiring and firing decisions — you better check your gender biases at the door.

The traditional explanation for the gender differences that Babcock found is that men are simply more aggressive than women, perhaps because of a combination of genetics and upbringing. The solution to gender disparities, this school of thought suggests, is to train women to be more assertive and to ask for more. However, a new set of experiments by Babcock and Hannah Riley Bowles, who studies the psychology of organizations at Harvard’s Kennedy School of Government , offers an entirely different explanation.

Although it may well be true that women often hurt themselves by not trying to negotiate, this study found that women’s reluctance was based on an entirely reasonable and accurate view of how they were likely to be treated if they did. Both men and women were more likely to subtly penalize women who asked for more — the perception was that women who asked for more were “less nice”.

“What we found across all the studies is men were always less willing to work with a woman who had attempted to negotiate than with a woman who did not,” Bowles said. “They always preferred to work with a woman who stayed mum. But it made no difference to the men whether a guy had chosen to negotiate or not.”

But maybe that’s just the way it is?

“It is not that women always act one way and men act another way; it tends to be moderated by situational factors,” Bowles said. “The point of this paper is: Yes, there is an economic rationale to negotiate, but you have to weigh that against social risks of negotiating. What we show is those risks are higher for women than for men.”

Do you agree?


Visit DiversityJobs.com for information on Diversity in the workplace

Popularity: 18% [?]

Bozofication Alive and Well: Utah Companies Will Pay for Stupidity

June 27th, 2007

UPDATE: Please leave comments about BOZO things you have experienced at your or other companies! Anonymous submissions OK

Dilbert DeamonsI hate to say it, but I am seeing some of the most foolish and downright stupid things coming from Utah companies these days. These things may not be approaching the Yee-Haw ‘Bozofication’ problems that Guy Kawasaki ranted about from his blog-base in Silicon Valley, but there are some wildly dumb things going on out there.

According to the Utah Department of Workforce Services, May 2007′s unemployment rate is 2.5%, where the national rate is currently 4.5%. BYU’s Newsnet validates the data with their recent article, More Jobs … Less Money: Utah Unemployment Rate at 2.4%.

Corporate DroneWith such unprecedented job-growth and such a freakishly tight labor market (I have interviewed three people this week who “just up and moved here” knowing they would get a job), you would think companies in the area would be tripping over themselves to train and retain the talent they have, knowing that it costs up to 80% of an employees annual salary in recruiting fees and lost productivity to replace an employee once they go.

But, no.

In fact, as I see the market tighten, companies seem to be getting stupider and stupider with their retention systems. In fact, they may as well be paying their employees to leave, rolling out the red carpet for them, and tossing in a trip for them and the fam to Disney Land while they’re at it.

Here are five things that have consistently surfaced in my interviews over the past few weeks when I ask, “Why are you looking to leave your current job.”

  1. R-E-S-P-E-C-T: “I am continually being micro-managed. I have been doing this for 15 years. I think I know what I am doing. But, my boss is new, and I think they’re trying to look good. Now, I have them to manage as well as the rest of my job. “
  2. INTEGRITY: “I was told in my annual review that I would get a raise. That was January. This is almost July. I haven’t received a cent.”
  3. PAY: “I have been getting fed the line that ‘Utah County is Different’ for seven years. I don’t believe it any more. My living expenses are just as much here as anybody I know in Salt Lake County, and I am earning $15K less than people doing my same job, for smaller companies, with less responsibility.”
  4. INSULT TO INJURY: “I am already underpaid by $10K for the same job in Salt Lake. I was told to hang on through the rest of the year and I’d get ‘taken care of’. They gave me a raise of 14 cents per hour over last year. You’ve gotta be kidding me. That’s not even worth my time.”
  5. HONESTY: “They promised to pay my tuition if I went to school and got my degree. Their only stipulation was that I had to pay for it, then they would pay me back when I graduated. I thought that was dumb, but I did it. Now, I’ve graduated, and when I turned in my bills, they told me that ‘the policy just changed’ and they don’t do tuition reimbursement anymore.”

At the end of the day, the trend I am seeing simply stems from BAD MANAGEMENT. I wonder if the tight labor market is actually exposing fissures in the infrastructure of these companies to the point that they are letting any Tom, Jane or Harry run the place?

If you are caught working for any of these companies, I would RUN, not walk to your favorite recruiter or job-board and doggedly search for the next opportunity for yourself… or you may be the last comic standing when the walls come tumblin’ down… and it will surely not be funny.

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EmployeescreenIQ provides background checks to employers globally.

Popularity: 33% [?]

Calendar: Tech@Breakfast April 20th

April 6th, 2007

I just met Jeremy Neilson, Venture Manager of the Utah Fund of Funds. If you’re a Utah entrepreneur or a VC/Private Equity Investor, I suggest you contact him right away, if you don’t know him.

Utah Fund of Funds
On the Fund of Funds Website, I noticed that there will be a Tech@Breakfast on April 20th that may be interesting:

The Utah Fund of Funds: Benefits and Progress
Friday, April 20, 2007, 7:30 a.m.-9 a.m.
Venezia Garden Room, Grand America Hotel, 555 South Main Street, Salt Lake City

Free Event, Registration Requested

The Utah Fund of Funds, one of Utahs most significant ongoing economic development programs, was created in 2003 to foster economic development by increasing the amount and diversity of capital available to the states entrepreneurs and growth companies.

At the event, entitled The Utah Fund of Funds: Benefits and Progress, a panel of leading investors and entrepreneurs will explore the progress of the Utah Fund of Funds and the benefits it is providing for Utah entrepreneurs and the states economic development.

Panelists include:

  • Jeremy Neilson: Director, Utah Fund of Funds
  • Peter Jarman: Vice President, Fort Washington Capital (the Utah Fund of Funds investment advisor)
  • Mark Foley: Managing Director, RWI Ventures
  • Andrew Schwab: Managing Director, 5AM Ventures
  • Tim Hunt: CEO, Lingotek

Popularity: 7% [?]

Happiness Can Make You Rich?

February 22nd, 2007

Listening to the Power of Full Engagement this morning, I jotted down the following concerning developing a deep sense of purpose, and deriving happiness from it.

“Income… doesn’t noticeably influence satisfaction with marriage, family, friendship or ourselves, all of which do predict a sense of well-being.

In turn, happiness has been clearly associates with higher productivity.

In short, Money may not buy happiness, but happiness may help you get rich.” (emphasis added)
- David Myers “The Pursuit of Happiness

I think this is true. As I have connected to my deepest-held values, my productivity has surely increased, and my happiness and satisfaction… and the income has followed.

Popularity: 12% [?]

This Can’t Be Happening

December 28th, 2006

I found out yesterday of a company in the Salt Lake City area trying to save a few bucks by not paying someone for their first week of work… by calling it "training" instead.

Of course, this was not discussed in any way with the employee in their offer letter or in ay other way. 

Of course, startup are (well, should be) in cash-conservation mode, but company should go without lights, telephone and Internet access before they try to weasel out of paying an honest day's pay for someone's honest work.

The sad thing is that the tactics companies use will tug at your heart strings (I am so sorry that this happened….), blame it on "the system" (I don't know why you weren't informed of this…. company policy and all….), complain about company profits (look, we're a startup and cash is more valuable than oxygen right now…) promise equity and stock instead (we're going to be the next Yahoo… and when we IPO, you're going to be rich), blah blah blah….

…but all of this is at the expense of the employee, not the employer. Taking risks like that is for owners of companies (that's why they pay you the big-bucks).  Not employees.

If your employer pulls something like this, get your facts and documentation in-order and let them know, politely but clearly, that you apologize for the confusion this may cause to "the system", but they need to abide their legal responsibility and pay for the work you did.

And, if this isn't a good enough reason to pack your bags and start looking for work elsewhere, just start imagining the Enron logo on that crisp business card they gave you.

Popularity: 8% [?]

Utah wage growth outpaces the nation

December 1st, 2006

Salt Lake Tribune: Average weekly wages in Utah increased faster in the first quarter of 2006 than elsewhere in the nation, underscoring the state’s economic health and shedding light on its unique population structure.

Popularity: 11% [?]

Compare Salaries By Location

September 27th, 2006

I am still jiving over Indeed’s new tool for Salary Search.

I was just mashing up some results when I realized the tool nicely allows comparison of salary among localities, or globally (as far as Indeed’s system is concerned, anyway).

I started comparing my local market (Utah) to the Indeed global market, not suprized to find us deflated in comparison.

Then, for each job keyword, I added “Indiana”, where I grew up and cranked out the results, honestly quite suprized that Utah still ranked lower than Indiana, given that our overall economies would try and say that Utahns are in higher demand than hoosiers.

Here’s the results:

I wonder how that works…

Hmmmmm….

Popularity: 14% [?]