For.ore on this topic, see Job-Hunt’s Guide to Effective Resumes and Cover Letters . Hannah Morgan provides simple steps to help you move ahead. visitReflect after each phone call on what went well and what did not. If you don’t have an idea of what jobs your skills and aptitude fit, prepare your mind to learn what you are more qualified to do. The California job market is slowly turning around following the recession-driven challenges in real estate, business and government. Often, you will find a link to “Current Jobs” on the home page. Jobhunting The issues compensation and benefits should never be asked in an initial interview. Getting Started in Freelancing/Contracting We’re told the “gig economy” is the wave of the future.
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The hiring manager may like you and understand that you weren’t implicated, but there is that blemish on your resume, so “we’re going to pay you what we think you’ll take, and you’re lucky we’re hiring you,” said Jeanne Branthover, a partner at executive-search company DHR International, explaining the thinking. The article’s authorsspeculate that “women from scandal firms, especially those in a male-dominated industry, may feel that they approach the negotiating table with two strikes against them and thus don’t push on compensation as hard as they otherwise might, or as their similarly stigmatized male peers do.” More from Bloomberg.com: Want to Know How Trumps Doing? Just Look at Mexicos Peso The 10 percent hit to financial executives’ compensation echoes some of the results in a study published earlier this year by business school professors at the University of Chicago and University of Minnesota, only this time the employees were implicated. The study found that 44 percent of financial advisers who left a job as a result of actual misconduct , rather than guilt by association, were hired by another firm within a year but tended to take pay cuts of 10 percent and land at companies considered less desirable places to work. “Even though our article is called ‘The Scandal Effect,’ what we’re really talking about are innocent bystanders,” said Boris Groysberg, a professor of business administration at Harvard Business School and one of the article’s co-authors. “What upset me most about what we found were the thousands of people who will have bad labor market outcomesin compensation being lower or in getting offers from outside firms being negatively affectedwhohad nothing to do with the scandals.” To measure the stigma, the authorsusedproprietary data from an unnamed global executive placement firm to analyze 2,034 executive job moves from 2004 to 2011. About half the moves were for C-level, president, or vice president jobs. They found that a remarkable 18 percent of the executives had worked for companies marked by financial scandal, defined as earnings misstatements captured in either a database that flags enforcement actions by the Securities and Exchange Commission or in a Government Accountability Office database. More from Bloomberg.com: Clinton Campaign Vows More Disclosure of Nominees Health Branthover is struck by how far down in the ranks stigma can reach.She works with senior executives, but when trying to help friends or relatives with job-huntingshe has found even midlevel people with a blemished company on their resume “directly impacted by having to explain it in an interview, having to defend themselves in an interview, and being rejected for itwhen the person literally had nothing to do with it,” she said. “It’s a huge amount of people.” Employees in this uncomfortable position have to be strategic in addressing the lingering stenchof scandal. Don’tremove the company from your resume, Branthover advises. Bring the topic up with a prospective employer before the question is raised, doing so in a way you’re clearly comfortable with.”Get the point across quickly and concisely, and don’t dwell on it,” she said.
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