“Letting Employees Work from Home Can Be a Win-Win for Employers and Staff Alike.”
For employees, the option to telecommute appeals to a vast majority of full-time workers. Research by Global Workplace Analytics found that there are benefits for employees and employers when employees telecommute and work at home. For employees, the chief advantages are
- Reduced time commuting to work
- Lower costs of commuting to the office
- Less stress of juggling the demands of work and family
There are also benefits for employers including
- Less office space is needed because not every employee works in the office every day
- Lower expenses for rent or costs associated with ownership of office space
- A new way to attract talent because employees like the option of working at home
- Increased employee motivation and engagement because telecommuting is considered a benefit
The top five companies and organizations that encourage telecommuting are:
- United-Health Group
- S. Department of Agriculture
For more information about this article and a complete list of the top 20 companies for telecommuting, click here.
- You may want to use the information in this blog post and the original article to point out the benefits of telecommuting.
- Not everyone is a candidate to work at home. What traits and time management skills are needed if you obtain a job where you can work at home?
- Are there disadvantages to telecommuting and working at home?
Online selling, personal taxi services such as Uber, and renting a spare room to tourists, are examples of an increasing number of people generating or supplementing their incomes by trading goods and services online. This trend is often replacing traditional employment.
Measurement of the “gig economy” (working outside a formal work environment with temporary, short-term employment by independent workers) is difficult. Many situations are not reported in current labor statistics. In recent years, the fastest growth for self-employed workers has been in hairdressing, cleaning, and management consulting. While these services may be in the gig economy, this trend may also indicate growing formal self-employment in these fields.
Gig economy activities may start as temporary work due to a lay-off or a need to supplement household income. However, as time goes by, these self-employment positions can become a person’s ongoing employment status.
For additional information on the gig economy, click here.
- Have students describe examples of the “gig economy.”
- Have students explain the “gig economy” to others (including different generations) and get their reactions.
- What factors influenced the development of the gig economy?
- How might the gig economy affect a person’s financial planning activities?
“There are endless telltale signs of nervousness at work or in a job interview. . . “
This Business Insider article describes typical signs of nervousness that applicants experience during a job interview which include sweating, rapid blinking of the eyes, stammering, and many other symptoms. Hope Restle, the author of this article, provides 4 recommendations to help you remain calm during the job interview. Each recommendation is accompanied by more information about how the recommendation can help and real-world examples of how it can reduce stress and nervousness. Specifically,
- Recall a memory that inspires positive emotions.
- Create a secret gesture that corresponds with a positive experience you’ve had in your life.
- Silently repeat a mantra or saying to help you relax.
- Be interested in what the other person says.
At the end of this article, there is also a link to a video that describes questions that you should never ask during a job interview.
For more information, click here.
You may want to use the information in this blog post and the original article to
- Help students prepare for a job interview.
- Point out that the 4 recommendations can also be used to reduce stress in other situations where someone gets nervous.
- Assume that you are applying for a new job that you really want. What can you do to remain calm and reduce that “nervous feeling” during a job interview?
- In today’s complex world, it is not uncommon for people to become nervous during a typical day. What can you do to reduce stress in your daily activities?
What separates successful people from others? While favorable timing, personal connections, wealth or other advantages can lead to success, a person must also possess various success-oriented attitudes, behaviors, and skills. Some of the actions that can lead to academic, career, and personal success include:
- Display poise and confidence in your ability.
- Assess existing skills and knowledge.
- Set personal and career goals that align with your abilities.
- Develop a habit on ongoing learning.
- Take risks that allow you the opportunity to achieve at a higher level.
- Persevere in your work efforts
- Be prepared to face and go beyond obstacles.
- Rejection and criticism can lead to future success.
- Develop effective interpersonal skills. Your ability to interact, gain support of others, and develop trust is critical.
For additional information about a success path, click here.
- Have students ask people to describe their definition of “success.”
- Have students obtain suggested actions for personal and career success using online research.
- What are common mistakes people make in their personal financial planning and career planning activities?
- What actions do you plan to take to improve your personal and career success?
In many types of job interviews, a person will encounter decision-making situations. A case interview is one example, in which a prospective employee has the opportunity to demonstrate a capacity to think in a structured, creative manner when presented with a real-world problem.
When involved in a case interview, consider these actions:
- Carefully read the case to understand the background and the main problem of the situation.
- Plan a framework to organize your analysis and to show the relationship among key issues.
- Prepare alternative courses of action to show varied approaches and versatility in thinking.
- Use evidence to support your analysis and suggested actions.
- Clearly communicate your analysis process, conclusions, and recommendations.
For improved success in a case interview:
- prepare by using practice cases online and researching the organization’s culture.
- talk with people who have experienced the case interview process.
- ask questions of the interviewer to clarify key points.
- stay focused on the key question for the situation and main issues.
- avoid stock answers; popular frameworks and buzzwords may not be appropriate.
- emphasize the process, analysis, and actions rather than finding the “right” answer.
- prepare by researching current business events and organizational trends.
- practice the process with others who are willing to help.
For additional information on case interviews, click on the following links:
Case Interview Prep Guide
Video-Preparing for a Case Interview
- Have students describe business situations that might be the basis of case interviews.
- Have students create possible responses for potential case interview situations that they might be asked when applying for a job.
- For what types of employment positions might a case interview be used as part of the selection process?
- Explain how case interviews help employers select the best candidate for a job.
- What actions should be taken to prepare for a case interview?
U.S. employers hired the fewest number of workers in eight months in August and more Americans gave up the hunt for jobs . . .”
This Reuters article describes current employment trends and the effect it has on both the economy and the actions of the Federal Reserve. Specifically,
- Nonfarm payrolls increased 142,000 in August after expanding by 212,000 in July.
- The jobless rate fell one-tenth of a percentage point to 6.1 percent in August.
- The lower jobless rate in August was the result of more people dropping out of the labor force and not because of an increase in working Americans.
- The Federal Reserve Board and Fed Chair Janet Yellen will use the weakness in the unemployment numbers to keep interest rates at present levels in order to provide a stimulus for the economy.
Specific information about different industry sectors, labor force participation, the number of part-time employees, etc. is also provided in this article.
For more information go to http://www.reuters.com/article/2014/09/05/us-usa-economy-idUSKBN0H008E20140905
You may want to use the information in this blog post and the original article to
- Reinforce how the nation’s economy can affect a person’s ability to obtain employment, develop a financial plan, and achieve both personal and financial goals.
- Assume you are unemployed and looking for a full-time position after graduating from college. What knowledge, skills, and experience do you have that will make an employer want to hire you?
- What steps can you take to provide financial security if you think the economy is about to experience a recession?
Most career planning experts believe that “career capital” is vital for success. Career capital refers to differentiated skills that are both rare and valuable, and usually involve creativity, impact, control, or autonomy. A great job requires that you can offer something of value. Factors that contribute to building career capital include:
- an attitude of “what can I offer the world and my company?”
- understanding what’s valuable in your career field by seeking varied expert opinions
- continuing to expand your skill set
- obtaining feedback to gain knowledge of your strengths and weaknesses
- setting priorities on what will benefit your career
- creating goals appropriate to your career stage
For additional information about developing career capital, go to
- Why are some people more successful in their careers than others?
- What factors might be used to measure career success?
- How might a person better prepare for future career success?
- Have students create a list of attitudes, behaviors, and skills that they believe are important for career success.
- Ask students to explain actions they are currently taking to enhance their future career success.