|Careers & Employment Information|
How To Power Negotiate Your Next Bonus
A raise in your base salary is a permanent source of increased income. However, to increase your take home pay, you can also negotiate performance bonuses on specific projects, activities, or time frames. In the sales world bonuses are often called commissions. That is, a person is paid a salary plus commission for a certain level of sales. However, even if you are not in sales, you can find ways to earn extra income by negotiating win-win solutions.
It's all about increasing profit for the company or your department. For example, let's say you are part of a project with a $100,000.00 budget and a 10-week timeline. In simple terms, the project average is $10,000.00 per week ($100,000.00 divided by 10 weeks = $10,000.00 per week.) You approach your boss, the project manager, and/or other decision makers with a question such as "How would you feel about setting up a special bonus to encourage excellent performance. Can you think of a workable approach?" Of course, you will have already thought things through and will have a couple approaches of your own.
You might say, "If I can find a way to complete the 10 weeks worth of work in 8 weeks without compromising safety or quality, how would you feel about giving me a 10% bonus on the savings?" Let's do the math: You save 2 weeks off the schedule decreasing the cost by $20,000.00 (2 weeks at $10,000.00 per week.) This saves the company $20,000.00 and all you are asking for is 10% or $2000.00 of the $20,000.00 saved. The company wins and you win. In this case, you earned an extra $2000.00 and the company gained an extra $18,000.00. Don't worry: Once you show a track record of being the kind of person who can create these types of win-win's, the more you can negotiate down the road. Fifty-fifty has a nice ring to it!
Following are some ideas where you might negotiate a bonus scenario in your organization:
-- Special projects
-- Increased efficiency of operations
-- Decreased sick leave
-- Budgetary savings through increased efficiency in purchasing, inventory control, distribution, etc.
-- Decreased turn over of employees, customers, vendors, etc.
-- Training and development savings through leveraging in-house expertise or bringing in outside experts instead of sending people to outside training
-- Researching better rates on telephone services, vendors and suppliers, business materials, capital equipment, etc.
In any organization there is unlimited opportunity to find ways to do things more efficiently and effectively. If you keep your eyes and ears open, you can often find these opportunities and translate them into more money in your pocket.
Dr. Dan Strakal has been an expert on the changing workplace, job transition, and career development for nearly 20 years. He acts as a trusted client advisor and consultant within the corporate sector, government agencies, civic organizations, small businesses, and educational institutions. He also provides business, executive and career consulting, coaching and workshops for individual clients and is the coauthor of and contributor to two books, Better Job Search in 3 Easy Steps and Better Job Skills in 3 Easy Steps. Dan is often called upon by the national and international media as an expert and has appeared in The Wall Street Journal, Self Magazine, SmartMoney.com, Computerworld, Diversity Inc. Magazine, Chief Information Officer (Australia's Magazine for Information Executives), the Radio America Program: News You Can Use, KBS Radio Canada and many other media outlets. He is on the Board of Directors of the Career Planning and Adult Development Network and is a Platinum Member of the Career Masters Institute. More info at http://www.capable-consulting.com
How to Receive Multiple Job Offers After You?re Fired
Ask survivors of the most popular reality television shows and they'll tell you "If you have to eat a cockroach, don't spend too much time thinking about it." Keep focused on the end-game and move on.
10 Ways to Speed-Up Your Job Search Effort
Today everyone knows at least one person who has lost their job to down-sizing, right-sizing, cut-backs, production reduction or a mean, vicious "bogus leader" who could care less about your family, your life or your existence at the company. This may sound a bit overboard, but everyone has probably experienced the manager, supervisor or company leader from hell, and if you haven't just stick around.
Advantages of Mobile Oil Changes; A Potential Small Business for You?
Mobile oil change and mobile lubes are great for fleet operators to insure equipment lasts as long as possible. A mobile van equipped with lubrication equipment and on site oil change components can provide such services to fleet owners. It also can be a business opportunity, oil change franchise or small business for someone wanting to achieve their American Dream.
How To Find Writing Work
Are you looking for new writing work? It can be a challenge to build a career in any area, but it is often even harder to do so when you are in a smaller town. Sure, there may be a huge market for talented freelancers in your area, but let's face it, it is not New York where you can find countless job vacancies in your field of freelance writing. When you are looking for freelance writing work, it is important to look outside the box as well as trying the tried and true employment options.
An Unexpected Career Direction
My starting point was how to draw on 25 years of experience in which I have helped thousands of people to their own career success, and make this knowledge freely available to anyone and everyone who could use it. I believe that if people are given the right information and helped to reach their own conclusions; they can make an outstanding success of their careers. I wasn't planning on writing much about business start-up or self-employment yet as I got busy with this project something happened.
Career Transitions: Creating Complementary Careers in a Day
Down-sized? Outsourced? Burned-out? Wizened up? That's what I said. Wizened up! Now is not the time to be depressed. Now, is the perfect time to assess your life and what you want to do with the rest of it. One easy way is to explore career options that are complementary to you. Whether you are leaving by choice or have been asked to leave, you probably have more courses of action then you think.
How to Reach Your Next Job Faster with Fewer Potholes, Roadblocks
Complacency damages your career more than lack of qualifications. The most obvious roadblock you'll encounter on the race to find your next job is usually regrets about skills, education, and professional knowledge. However, be careful that you don't possess an inner smugness that rests on past successes. Complacency will trick you to believe that employers will find you without any effort on your part to find them. You'll be anesthetized to job search urgency by this false sense of security. Overconfidence costs you money and opportunities if you decide to sit back with a Jack Daniel's and idle your time away until the phone rings. It won't.
Looking the Part
I don't know his name and he wasn't trying to be profound. A man who worked for one of my colleagues always showed in a shirt and tie with a simple explanation: "if you look business, you is business". His grammar was faulty, but his reasoning was letter perfect and so is its timing as young folks head into the job market, either to start careers or to find summer jobs.
Career Moves: Take Charge of Your Life
Every day millions of people let their inner fears stop them from creating the life of their dreams. No one will deny that it is scary to step out of your comfort zone, but once you challenge your fear and take action, you can attain great things.
From Bumbling Bosses to Cranky Co-Workers ? How to Overcome What Makes You Hate Your Job
I'll be the first to admit that I hated my job. It took many years for me to come to this realization since I kept accepting promotions in the hopes that the awful ache inside of my chest would go away. This ache was not a medical condition ? it was me longing to have a career where I could be happy.
Telephone Job Interview Preparation Tips
TELEPHONE INTERVIEW BACKGROUND
Hot Business Trends for 2006? And Beyond: Maybe One Will Turn Into a Creative Business Idea for You
I always look forward to the December issue of Entrepreneur magazine. That's the issue that features the publisher's annual pick of hot businesses, markets, and trends for smart entrepreneurs ? or those who aspire to be. Some of the high tech businesses cited like mobile gaming or online learning tend to require six and seven figure start up costs. This can seem daunting (although not impossible) for the person just venturing into self-employment. So I've decided to focus on the markets, trends, and businesses that speak to someone operating on a somewhat more limited budget. Let's start with hot markets: HOT MARKET: Middle-Aged Women Since I've recently entered my last year in my 40s, I thought it only appropriate to start with this group (although like most boomers, I still have a hard time thinking of myself as anything close to "middle aged"). Not surprisingly, products and services for women in their 40s and 50s that center around anti-aging and menopause are hot. The magazine cites such promising areas as counseling, exercise spas, yoga, smoking cessation programs? any product or service that helps women stay healthy and feel good about themselves ? both inside and out. The reference to smoking cessation got me thinking? Residential treatment facilities for other forms of substance abuse are common- place, but I've personally never seen a retreat, spa, or other residential-type place specifically aimed at people who need help quitting smoking, and who would benefit from doing so outside their home environment. I'm picturing morning walks, meditation, massage, support groups, good food, and of course, lots and lots of punching bags! HOT MARKET: Toddlers/Tweens/Teens According to market research firm Packaged Facts, last year 5 to 14 year olds spent $10 billion on food and beverages. Other favorite product areas for kids are sports, fashion, music, and technology. And apparently home décor and remodeling isn't just for adults anymore (who knew?). Stores like IKEA and Pottery Barn are starting to selling home furnishing products aimed at teens. With baby boomers having more discretionary income with which to spoil their grandchildren, babies and toddlers have also become hot markets. Online start-up ELittle Luxuries offers designer baby furniture and more than 600 other upscale baby items. (http://www.eLittleLuxuries.com) HOT MARKET: Overweight People After reading how much kids spend on food and beverages, it's no surprise that 15% of children and teens are overweight. But we adults have them beat. A whopping 64% of Americans are considered obese or overweight. Businesses that offer products and services to help people slim down and develop more healthy habits are the most obvious. But entrepreneurs willing to think outside the "solve the problem" box by looking for ways to make overweight people's lives easier verses trying to fix them, will also do well. HOT MARKET: Metrosexuals With the enormous appeal of stylish soccer super star David Beckham and shows like Bravo's Queer Eye for the Straight Guy where gay men help straight men with fashion, grooming, home décor, and social skills, a growing number of heterosexual men are allowing themselves to tap into their fashionable side. One enterprising guy who jumped into the metrosexual market early has seen phenomenal growth. With $20,000 and a dream, Tom Granese launched Regiments, an online store that sells high-end grooming products for men. Less than two years later, Tom opened his first storefront in Dallas with a projected $210,000 in first year in-store sales. HOT MARKET: Hispanics The Hispanic market is certainly nothing new ? in fact it's made Entrepreneur's list for many years now. The magazine cites opportunities in anything from food and entertainment, to financial services and Web services. Now let's look at two of Entrepreneur's picks for hot trends in 2004? HOT TREND: Outdoor Living Spaces Into gardening or design? According to Joanne Kostecky of the American Nursery & Landscape Association, and president of her own garden design company, the concept of outdoor living rooms that is so popular in the south and some urban areas is beginning to reach the rest of the country. The fact that more consumers are investing in courtyards and elaborate gardens means the gardening and outdoor design businesses are bound to grow! HOT TREND: Fast-Casual Food Health and taste conscious consumers on the go are turning to fast- casual restaurants and chains. In my own small town of Northampton, two of the more popular joints are benefiting from the fast-casual boom. One serves upscale burritos (my favorite is the Thai burritos) and the other is a hip soup, salad, and sandwich joint that opened in a greatly remodeled former Taco Bell restaurant. Idea: Back in my old softball days I always wished someone would cater to all those hungry players and fans by starting a high quality food wagon. Other Hot Trends? Boating and water sports, the hunger for low- carb foods (a trend being taken seriously by restaurants, grocery stores, and food manufacturers), oils and sauces, and multiculturalism which includes the gay and lesbian markets. Hot markets and hot trends lead to hot businesses. Here are some of Entrepreneur's picks? HOT BUSINESS: Children's Enrichment Programs With so many parents in the workforce, more kids than ever before are engaged in extracurricular and after school activities. If you like the idea of working with kids, you can opt to open a physical location like a gym, dance or art studio, or camp, take your program into the schools, or provide private lessons. If you think opening your own place is financially out of reach, think again. While $12,000 is no small sum of money, it's a lot less than a lot of people might expect they'd need to shell out to start their own dance studio. But that's how much former dance student turned instructor Archer Alstaettter dug up in cash and credit cards to found Dance Emotion in Irvine, California. That was five years ago. Today Archer's studio has 500 clients and expects 600-plus to be enrolled by spring. You go Archer! HOT BUSINESS: Home Improvement Remodeling, refurbishing, and redecorating are all the rage. There are some 30 cable shows on home improvement alone. And home improvement isn't all about décor. Worth noting are businesses that help home owners maximize the space they have as well as those making homes more accessible to an aging population. (To read about a unique, highly successful, and legitimate home business opportunity that matches home owners with reputable home repair contractors go to http://www.ChangingCourse.com/hrnsuccess.htm) HOT BUSINESS: Yoga & Pilates According to Entrepreneur, companies are bending over backwards to cater to the growing market of people practicing yoga. Clothes, mats, DVDs, music, and classes aimed at seniors, pregnant women and children as young as three are just a few products and services aimed at this growing market. And with a reported 47 million Americans taking Pilates, a work out that builds abdominal muscles, opportunities abound for gym owners and instructors alike. If you like the idea of teaching Pilates, studio owner Maria Leone recommends starting out by keeping overhead low. She suggests renting space for one-on-one sessions from a small gym or chiropractic office. Fees for a typical Pilates session range from $50 to $70 an hour. Meditate on that! HOT BUSINESS: Upscale Pet Services According to the American Pet Product Manufacturers Association, Americans spent an estimated $31 billion on pets in 2003. A few of the luxury services cited include pet hotels complete with heated floors, limousine rides, day cruises, and personal shoppers. And apparently the spa trend has extended to the pet world with exfoliating treatments, aromatherapy, liposuction (I kid you not), and chiropractic services. HOT BUSINESS: Outsourcing Outsourcing is one of those good new-bad news things. If your job is being eliminated because it's cheaper for your company to outsource functions like HR, accounting, and network security, then outsourcing is a bad thing. Outsourcing is particularly hot in IT ? and when it comes to outsourcing jobs overseas, it's also controversial. The good news for freelancers is the federal government plans to open 850,000 jobs to outsourcing, with $85 billion in federal IT contracts to be awarded over the next three years Other Hot Businesses: Spas, organic foods, online matchmaking, senior care, wireless, tech security, and voiceover IP (VoIP). If you believe as I do that it's better to be the boss, than to have one, why not make 2004 the year you start putting your entrepreneurial plans into action? You don't have to quit your job or mortgage your home to get the ball rolling. You might resolve to do some research, start putting together a business plan, take a course on marketing, glass blowing, woodworking, web design, or whatever sparks your fancy, get certified to teach yoga, buy a book on how to launch a successful on-line business, start a Barbara Sher style Success Team? or just order a subscription to Entrepreneur. If you don't already subscribe to Entrepreneur you can do so at http://www.Entrepreneur.com. The site also features a ton of free resources for anyone who already is ? or dreams of ? working for themselves. For other free resources for people who want to start their own businesses visit http://www.ChangingCourse.com/newbiz.htm Okay, but what if you don't see a trend, market, or business here that speaks to you? Then find the one that does! I had a client who is crazy for horses and photography. It took me all of 30 seconds on Google.com to find a group called the Equine Photographers Network. In addition to their conference this February in Florida, the group offers a free public online discussion group with over 700 members who range from top-of-their-field working pros to amateur photographers to magazine editors and writers to horse owners, all interested in improving their equine photography skill and knowledge. Learn all about the Equine Photographers Network at http://www.EquinePhotographers.net. The way to find the "hottest" business idea for you is to get in touch with the passion that burns the brightest in your heart. Then make 2004 the year resolve to you take those first bold steps on behalf of your dream!
Career Success: Don?t Be Caught With Your Pants Down
Do you want to know how to jump-start your professional career? Or, are you already in the trenches trying to be a high performer and wanting to make a quantum lead to the next stage of your career? Or, because of downsizings or reorganizations, you feel like you are paddling faster and faster but seem to be getting nowhere? Find out how to monitor your changing environment so you won't be caught with your pants down.
Stand Out From the Crowd with Simple Marketing Methods
Although today's job market can be very competitive, many job seekers overlook simple techniques that will catch potential employers' attention. Apply these eight ideas to stay ahead of your competitors and get hired now!
Has ADHD Put Your Career in Danger? 3 Steps to Get You Back on Track
"Roger, you must get those contracts completed for this month's sales and don't forget, we have a meeting tomorrow at 9:00. Don't be late again!"
Your Interview Secret Weapon
Have you ever been on a date where you had nothing in common so you spent your time asking questions about the other person's past?
Use a resume as a foot in the door
Resume Writing - Tips and Advice
Job-hunting is not the most exciting thing in the world but you can make it easier. The key is organization. Keep a record of companies you have applied and any contacts that may or may not have with them. One of the first things you need to do be creative in your resume writing.
Conducting an Effective Interview
An employment interview is a goal oriented conversation in which the interviewer and the applicant exchange information. Even though interviews are a poor selection tool for most jobs, they are often the primary method used in evaluating applicants. The main players in the job interview are the interviewer and the applicant.
3 Cover Letter Secrets Revealed
Writing a cover letter can be like cleaning your garage -- you don't know where to start ... and you just want it done.
|Home | Site Map | Careers | Australian Domain Names | UK Domain Names | Investment Property | Sydney Web Hosting | Email Hosting | NZ Website Hosting | NZ Domain Names|