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	<title>Professional Journey</title>
	<atom:link href="http://www.professionaljourney.com/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.professionaljourney.com</link>
	<description>Blog covering Career, Jobs, Workplace, Education, Entrepreneurs and Business</description>
	<lastBuildDate>Wed, 08 Sep 2010 03:12:47 +0000</lastBuildDate>
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		<title>Hiring in the technology sector remains sluggish</title>
		<link>http://www.professionaljourney.com/2010/09/07/hiring-in-the-technology-sector-remains-sluggish/</link>
		<comments>http://www.professionaljourney.com/2010/09/07/hiring-in-the-technology-sector-remains-sluggish/#comments</comments>
		<pubDate>Wed, 08 Sep 2010 03:12:47 +0000</pubDate>
		<dc:creator>Staff</dc:creator>
				<category><![CDATA[Your Career]]></category>
		<category><![CDATA[computer programmers]]></category>
		<category><![CDATA[computer scientists]]></category>
		<category><![CDATA[computer systems design]]></category>
		<category><![CDATA[data processing jobs]]></category>
		<category><![CDATA[Internet publishing jobs]]></category>
		<category><![CDATA[joblessness in manufacturing]]></category>
		<category><![CDATA[software publishing]]></category>
		<category><![CDATA[systems analysts]]></category>
		<category><![CDATA[tech hiring]]></category>
		<category><![CDATA[tech jobs]]></category>
		<category><![CDATA[technology jobs]]></category>
		<category><![CDATA[technology sector]]></category>
		<category><![CDATA[white-collar professions]]></category>

		<guid isPermaLink="false">http://www.professionaljourney.com/?p=169</guid>
		<description><![CDATA[The news isn&#8217;t very good on the job front, and even the tech sector is struggling to add jobs.
Government labor reports released this year, including the most recent one, present a tableau of shrinking opportunities in high-skill fields.
Job growth in fields like computer systems design and Internet publishing has been slow in the last year. [...]]]></description>
			<content:encoded><![CDATA[<p>The news isn&#8217;t very good on the job front, and even the <a href="http://www.nytimes.com/2010/09/07/business/economy/07jobs.html?ref=business" target="_blank">tech sector is struggling to add jobs</a>.</p>
<blockquote><p>Government labor reports released this year, including the most recent one, present a tableau of shrinking opportunities in high-skill fields.</p>
<p>Job growth in fields like computer systems design and Internet publishing has been slow in the last year. Employment in areas like data processing and software publishing has actually fallen. Additionally, computer scientists, systems analysts and computer programmers all had unemployment rates of around 6 percent in the second quarter of this year.</p>
<p>While that might sound like a blessing compared with the rampant joblessness in manufacturing, it is still significantly higher than the unemployment rates in other white-collar professions.</p>
<p>The chief hurdles to more robust technology hiring appear to be increasing automation and the addition of highly skilled labor overseas. The result is a mismatch of skill levels here at home: not enough workers with the cutting-edge skills coveted by tech firms, and too many people with abilities that can be duplicated offshore at lower cost.</p>
<p>That’s a familiar situation to many out-of-work software engineers, whose skills start depreciating almost as soon as they are laid off, given the dynamism of the industry. </p></blockquote>
<p>Technology firms are sitting on a mountain of cash, so hopefully this will be temporary. President Obama is now <a href="http://www.nytimes.com/2010/09/08/us/politics/08obama.html?hp" target="_blank">proposing</a> huge tax breaks for investments in equipment, along with making the research tax credit permanent. If the GOP can put aside politics and pass these proposals that they have supported in the past, perhaps we can jump start this sector and other sectors.</p>
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		<title>HP sues regarding Mark Hurd&#8217;s new position at Oracle</title>
		<link>http://www.professionaljourney.com/2010/09/07/hp-sues-regarding-mark-hurds-new-position-at-oracle/</link>
		<comments>http://www.professionaljourney.com/2010/09/07/hp-sues-regarding-mark-hurds-new-position-at-oracle/#comments</comments>
		<pubDate>Wed, 08 Sep 2010 02:56:07 +0000</pubDate>
		<dc:creator>Staff</dc:creator>
				<category><![CDATA[Your Career]]></category>
		<category><![CDATA[Your Compensation]]></category>
		<category><![CDATA[CEO contracts]]></category>
		<category><![CDATA[confidentiality agreements]]></category>
		<category><![CDATA[executive compensation]]></category>
		<category><![CDATA[executive contracts]]></category>
		<category><![CDATA[Mark Hurd]]></category>
		<category><![CDATA[non-competition agreement]]></category>
		<category><![CDATA[severance]]></category>
		<category><![CDATA[severance package]]></category>
		<category><![CDATA[trade secrets]]></category>

		<guid isPermaLink="false">http://www.professionaljourney.com/?p=167</guid>
		<description><![CDATA[

There&#8217;s an interesting battle brewing between HP and Oracle regarding Mark Hurd, who was recently hired by Oracle after he was recently ousted as CEO by HP&#8217;s board following an expense and sexual harassment scandal. Now, HP is suing Hurd regarding Hurd&#8217;s new position at Oracle.
Hewlett-Packard Co. is suing Mark Hurd, the chief executive it [...]]]></description>
			<content:encoded><![CDATA[<div style="text-align:center;"><a href="http://view.picapp.com/pictures.photo/editorial/oracle-sponsors-software/image/1878692?term=mark+hurd" target="_blank"><img src="http://view.picapp.com/pictures.photo/image/1878692/oracle-sponsors-software/oracle-sponsors-software.jpg?size=500&#038;imageId=1878692" border="0" width="477" title="Oracle Sponsors Software Conference" height="309" oncontextmenu="return false;" ondrag="return false;" onmousedown="return false;" alt="SAN FRANCISCO - NOVEMBER 12:  Hewlett-Packard CEO Mark Hurd delivers a keynote address at the 2007 Oracle Open World conference November 12, 2007 in San Francisco, California. Oracle Open World runs through November 15.  (Photo by Justin Sullivan/Getty Images)" /></a></div>
<p><script type="text/javascript" src="http://view.picapp.com//JavaScripts/OTIjs.js"></script></p>
<p>There&#8217;s an interesting battle brewing between HP and Oracle regarding Mark Hurd, who was recently hired by Oracle after he was recently <a href="http://www.americanbusinessblog.com/2010/08/07/in-stunning-move-hp-dumps-ceo-hurd/" target="_blank">ousted as CEO by HP&#8217;s board</a> following an expense and sexual harassment scandal. Now, HP is suing Hurd regarding Hurd&#8217;s new position at Oracle.</p>
<p>Hewlett-Packard Co. is suing Mark Hurd, the chief executive it ousted last month, to stop him from taking a top job at rival Oracle Corp.</p>
<blockquote><p>The lawsuit, filed Tuesday in a California state court, came a day after Oracle hired Hurd as co-president to help lead the database software maker&#8217;s efforts to lure business away from HP. HP claims that Hurd won&#8217;t be able to perform his job at Oracle without spilling HP&#8217;s trade secrets and violating a confidentiality agreement.</p>
<p>This type of complaint isn&#8217;t unusual in the technology world, nor is the confidentiality agreement that Hurd had signed as part of a severance package from HP that could top $40 million.</p>
<p>Technology companies often require such agreements because workers walk out the door with valuable technical information.</p>
<p>But the stakes are higher with Hurd than a rank-and-file employee, and the lawsuit may delay when Hurd could start his new job.</p></blockquote>
<p>HP may have a valid claim, but you have to wonder why they wouldn&#8217;t have an even more explicit non-competition agreement. It sounds like they might have a case surrounding trade secrets and confidentiality, but for $40 million you would think they would have something more concrete.</p>
<p>This should be a lesson to any company who provides VERY lucrative severance packages &#8211; get something in return!</p>
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		<title>Future hiring trends</title>
		<link>http://www.professionaljourney.com/2010/09/06/future-hiring-trends/</link>
		<comments>http://www.professionaljourney.com/2010/09/06/future-hiring-trends/#comments</comments>
		<pubDate>Mon, 06 Sep 2010 20:44:32 +0000</pubDate>
		<dc:creator>Staff</dc:creator>
				<category><![CDATA[Your Career]]></category>
		<category><![CDATA[Your Compensation]]></category>
		<category><![CDATA[Your Education]]></category>
		<category><![CDATA[factory supervisors]]></category>
		<category><![CDATA[home health care aides]]></category>
		<category><![CDATA[job openings]]></category>
		<category><![CDATA[lower-paying jobs]]></category>
		<category><![CDATA[office administrators]]></category>
		<category><![CDATA[postal workers]]></category>
		<category><![CDATA[professional jobs]]></category>
		<category><![CDATA[store clerks]]></category>
		<category><![CDATA[well-paying jobs]]></category>

		<guid isPermaLink="false">http://www.professionaljourney.com/?p=165</guid>
		<description><![CDATA[Here&#8217;s one disturbing trend that should have you focus on education and training:
Whenever companies start hiring freely again, job-seekers with specialized skills and education will have plenty of good opportunities. Others will face a choice: Take a job with low pay – or none at all.
Job creation will likely remain weak for months or even [...]]]></description>
			<content:encoded><![CDATA[<p>Here&#8217;s one <a href="http://www.huffingtonpost.com/2010/09/05/future-hiring-will-mainly_n_706258.html" target="_blank">disturbing trend</a> that should have you focus on education and training:</p>
<blockquote><p>Whenever companies start hiring freely again, job-seekers with specialized skills and education will have plenty of good opportunities. Others will face a choice: Take a job with low pay – or none at all.</p>
<p>Job creation will likely remain weak for months or even years. But once employers do step up hiring, some economists expect job openings to fall mainly into two categories of roughly equal numbers:</p>
<p>_ Professional fields with higher pay. Think lawyers, research scientists and software engineers.</p>
<p>_ Lower-skill and lower-paying jobs, like home health care aides and store clerks.</p>
<p>And those in between? Their outlook is bleaker. Economists foresee fewer moderately paid factory supervisors, postal workers and office administrators.</p></blockquote>
<p>This has been going on for years, and it&#8217;s only going to get worse. You can&#8217;t rely on walking into a factory and getting a well-paying job. Those days are gone.</p>
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		<title>For-profit colleges that target the homeless?</title>
		<link>http://www.professionaljourney.com/2010/08/30/for-profit-colleges-that-target-the-homeless/</link>
		<comments>http://www.professionaljourney.com/2010/08/30/for-profit-colleges-that-target-the-homeless/#comments</comments>
		<pubDate>Mon, 30 Aug 2010 17:17:11 +0000</pubDate>
		<dc:creator>Staff</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[BusinessWeek]]></category>
		<category><![CDATA[Chancellor University in Cleveland]]></category>
		<category><![CDATA[Drake College of Business]]></category>
		<category><![CDATA[for-profit college]]></category>
		<category><![CDATA[for-profit college debt]]></category>
		<category><![CDATA[for-profit college fraud]]></category>
		<category><![CDATA[for-profit college investigation]]></category>
		<category><![CDATA[for-profit college scam]]></category>
		<category><![CDATA[for-profit college tuition]]></category>
		<category><![CDATA[for-profit colleges targeting homeless]]></category>
		<category><![CDATA[for-profit education]]></category>
		<category><![CDATA[homeless students]]></category>
		<category><![CDATA[Jack Welch]]></category>
		<category><![CDATA[University of Phoenix]]></category>

		<guid isPermaLink="false">http://www.professionaljourney.com/?p=147</guid>
		<description><![CDATA[We keep finding interesting stories around the problem of for-profit college scams. The latest is a report from BusinessWeek in the spring about how some recruiters for University of Phoenix and other for-profit colleges were targeting homeless people in Cleveland and other cities.
Benson Rollins wants a college degree. The unemployed high school dropout who attends [...]]]></description>
			<content:encoded><![CDATA[<p>We keep finding interesting stories around the problem of <a href="http://www.professionaljourney.com/2010/03/13/for-profit-college-scams/">for-profit college scams</a>. The latest is a report from <em>BusinessWeek</em> in the spring about how some recruiters for University of Phoenix and other for-profit colleges were <a href="http://www.businessweek.com/magazine/content/10_19/b4177064219731.htm" target="_blank">targeting homeless people</a> in Cleveland and other cities.</p>
<blockquote><p>Benson Rollins wants a college degree. The unemployed high school dropout who attends Alcoholics Anonymous and has been homeless for 10 months is being courted by the University of Phoenix. Two of its recruiters got themselves invited to a Cleveland shelter last October and pitched the advantages of going to the country&#8217;s largest for-profit college to 70 destitute men.</p>
<p>Their visit spurred the 23-year-old Rollins to fill out an online form expressing interest. Phoenix salespeople then barraged him with phone calls and e-mails, urging a tour of its Cleveland campus. &#8220;If higher education is important to you for professional growth, and to achieve your academic goals, why wait any longer? Classes start soon and space is limited,&#8221; one Phoenix employee e-mailed him on Apr. 15. &#8220;I&#8217;ll be happy to walk you through the entire application process.&#8221;</p>
<p>Rollins&#8217; experience is increasingly common. The boom in for-profit education, driven by a political consensus that all Americans need more than a high school diploma, has intensified efforts to recruit the homeless. Such disadvantaged students are desirable because they qualify for federal grants and loans, which are largely responsible for the prosperity of for-profit colleges. Federal aid to students at for-profit colleges jumped from $4.6 billion in 2000 to $26.5 billion in 2009. Publicly traded higher education companies derive three-fourths of their revenue from federal funds, with Phoenix at 86%, up from just 48% in 2001 and approaching the 90% limit set by federal law.</p></blockquote>
<p>The article goes on to allege similar problems at Drake College of Business and Chancellor University in Cleveland which has Jack Welch as an investor and spokesman.</p>
<p>The article also alleges that relaxed standards under the Bush administration helped exacerbate the problem, but now the Obama administration is tightening the rules.</p>
<p>Some schools have <a href="http://www.businessweek.com/news/2010-05-05/for-profit-n-j-college-halts-recruiting-of-homeless-update1-.html" target="_blank">suspended the policy</a> of recruiting at homeless shelters after the publication of the <em>BusinessWeek</em> article.</p>
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		<title>Cool jobs &#8211; sports</title>
		<link>http://www.professionaljourney.com/2010/08/27/cool-jobs-sports/</link>
		<comments>http://www.professionaljourney.com/2010/08/27/cool-jobs-sports/#comments</comments>
		<pubDate>Fri, 27 Aug 2010 12:03:23 +0000</pubDate>
		<dc:creator>Staff</dc:creator>
				<category><![CDATA[Your Career]]></category>
		<category><![CDATA[choose what you love]]></category>
		<category><![CDATA[cool jobs]]></category>
		<category><![CDATA[do what you love]]></category>
		<category><![CDATA[entrepreneurs]]></category>
		<category><![CDATA[Fortune]]></category>
		<category><![CDATA[love what you do]]></category>
		<category><![CDATA[love your work]]></category>
		<category><![CDATA[sports agent]]></category>
		<category><![CDATA[sports deal]]></category>
		<category><![CDATA[sports general manager]]></category>
		<category><![CDATA[sportswriter]]></category>
		<category><![CDATA[Steve Greenberg]]></category>

		<guid isPermaLink="false">http://www.professionaljourney.com/?p=152</guid>
		<description><![CDATA[Many sports fans fantasize about have a job in the sports industry, whether as a sports agent, a general manager of a sports team or as a sportswriter. Fortune recently ran a profile of Steve Greenberg, the king of the sports deal. He&#8217;s one of the most powerful man in the sports business, and his [...]]]></description>
			<content:encoded><![CDATA[<p>Many sports fans fantasize about have a job in the sports industry, whether as a sports agent, a general manager of a sports team or as a sportswriter. <em>Fortune</em> recently ran a profile of Steve Greenberg, the <a href="http://money.cnn.com/2010/05/10/news/companies/greenberg_sports_deal_king.fortune/index.htm" target="_blank">king of the sports deal</a>. He&#8217;s one of the most powerful man in the sports business, and his story can be helpful to anyone who wants to learn more about this business and possibly find a career there.</p>
<p>Of course, few people have the connections or education this guy had, but we&#8217;re not talking about replicating his incredible career. It&#8217;s about learning things about the business you want to be in, and then figuring out if there&#8217;s a place for you!</p>
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		<title>Get your LinkedIn profile</title>
		<link>http://www.professionaljourney.com/2010/08/25/get-your-linkedin-profile/</link>
		<comments>http://www.professionaljourney.com/2010/08/25/get-your-linkedin-profile/#comments</comments>
		<pubDate>Wed, 25 Aug 2010 17:36:28 +0000</pubDate>
		<dc:creator>Staff</dc:creator>
				<category><![CDATA[Your Career]]></category>
		<category><![CDATA[Your Network]]></category>
		<category><![CDATA[Accenture]]></category>
		<category><![CDATA[Accenture jobs]]></category>
		<category><![CDATA[business cards]]></category>
		<category><![CDATA[Facebook for grownups]]></category>
		<category><![CDATA[finance experts]]></category>
		<category><![CDATA[headhunters]]></category>
		<category><![CDATA[headhunters vs LinkedIn]]></category>
		<category><![CDATA[job market]]></category>
		<category><![CDATA[job recruiters]]></category>
		<category><![CDATA[John Campagnino]]></category>
		<category><![CDATA[join my professional network]]></category>
		<category><![CDATA[LinkedIn]]></category>
		<category><![CDATA[LinkedIn profile]]></category>
		<category><![CDATA[networking]]></category>
		<category><![CDATA[networking online]]></category>
		<category><![CDATA[online job search]]></category>
		<category><![CDATA[online resume]]></category>
		<category><![CDATA[recruiters vs LinkedIn]]></category>
		<category><![CDATA[resume]]></category>
		<category><![CDATA[software specialists]]></category>
		<category><![CDATA[telecom consultants]]></category>
		<category><![CDATA[using social networks]]></category>

		<guid isPermaLink="false">http://www.professionaljourney.com/?p=149</guid>
		<description><![CDATA[If you&#8217;re serious about finding a job in any professional career, you have to be on LinkedIn. Also, if you have a job but might be interested in a new job, the advice is the same.
Hopefully you&#8217;ve already heard this from others and you already have a profile. In that case do research on how [...]]]></description>
			<content:encoded><![CDATA[<p>If you&#8217;re serious about finding a job in any professional career, you <em>have</em> to be on LinkedIn. Also, if you have a job but might be interested in a new job, the advice is the same.</p>
<p>Hopefully you&#8217;ve already heard this from others and you already have a profile. In that case do research on how to beef it up and get more prospective employers to find it.</p>
<p>If you haven&#8217;t heard this, or you&#8217;ve just been lazy about getting going, then get on there <em>now</em> and put up a profile!</p>
<p>Here&#8217;s some interesting information from a recent <em>Fortune</em> article on how LinkedIn will <a href="http://money.cnn.com/2010/03/24/technology/linkedin_social_networking.fortune/index.htm" target="_blank">fire up your career</a>.</p>
<blockquote><p>If you need a job, or just want a better one, here&#8217;s a number that will give you hope: 50,000. That&#8217;s how many people the giant consulting firm Accenture plans to hire this year. Yes, actual jobs, with pay. It&#8217;s looking for telecom consultants, finance experts, software specialists, and many more. You could be one of them &#8212; but will Accenture find you?</p>
<p>To pick these hires the old-fashioned way, the firm would rely on headhunters, employee referrals, and job boards. But the game has changed. To get the attention of John Campagnino, Accenture&#8217;s head of global recruiting, you&#8217;d better be on the web. </p>
<p>To put a sharper point on it: If you don&#8217;t have a profile on LinkedIn, you&#8217;re nowhere. Partly motivated by the cheaper, faster recruiting he can do online, Campagnino plans to make as many as 40% of his hires in the next few years through social media. Says he: &#8220;This is the future of recruiting for our company.&#8221;</p>
<p>Facebook is for fun. Tweets have a short shelf life. If you&#8217;re serious about managing your career, the only social site that really matters is LinkedIn. In today&#8217;s job market an invitation to &#8220;join my professional network&#8221; has become more obligatory &#8212; and more useful &#8212; than swapping business cards and churning out résumés.</p></blockquote>
<p>Companies explain that LinkedIn is more effective at finding qualified candidates, but it&#8217;s also more cost effective as well since employers don&#8217;t have to pay a recruiter.</p>
<p>Now it&#8217;s time to get started!</p>
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		<title>The Steven Slater saga</title>
		<link>http://www.professionaljourney.com/2010/08/22/the-steven-slater-saga/</link>
		<comments>http://www.professionaljourney.com/2010/08/22/the-steven-slater-saga/#comments</comments>
		<pubDate>Sun, 22 Aug 2010 18:30:40 +0000</pubDate>
		<dc:creator>Staff</dc:creator>
				<category><![CDATA[Your Business]]></category>
		<category><![CDATA[Your Career]]></category>
		<category><![CDATA[Your Compensation]]></category>
		<category><![CDATA[Your Education]]></category>
		<category><![CDATA[Your Network]]></category>
		<category><![CDATA[Your Team]]></category>
		<category><![CDATA[Your Workplace]]></category>
		<category><![CDATA[flight attendants]]></category>
		<category><![CDATA[pressure at work]]></category>
		<category><![CDATA[service jobs]]></category>
		<category><![CDATA[Steven Slater]]></category>
		<category><![CDATA[Steven Slater circus]]></category>
		<category><![CDATA[Steven Slater meltdown]]></category>
		<category><![CDATA[Steven Slater reactions]]></category>
		<category><![CDATA[Steven Slater saga]]></category>
		<category><![CDATA[stress at work]]></category>
		<category><![CDATA[stress on the job]]></category>
		<category><![CDATA[teachable moment]]></category>
		<category><![CDATA[working with the public]]></category>

		<guid isPermaLink="false">http://www.professionaljourney.com/?p=154</guid>
		<description><![CDATA[Few events have sparked so much conversation in this country on workplace issues like the bizarre story of Steven Slater and his strange meltdown at work. He&#8217;s now a celebrity with legions of Facebook fans and constant coverage on cable news, but his story does raise serious questions about workplace conditions, stress on the job [...]]]></description>
			<content:encoded><![CDATA[<p>Few events have sparked so much conversation in this country on workplace issues like the bizarre story of Steven Slater and his strange meltdown at work. He&#8217;s now a celebrity with legions of Facebook fans and constant coverage on cable news, but his story does raise serious questions about workplace conditions, stress on the job and losing control under pressure.</p>
<p><em>The Seattle Times</em> has a <a href="http://seattletimes.nwsource.com/html/travel/2012659863_trflightattendant22.html" target="_blank">story</a> about how flight attendants get most of the brunt of customer anger over things like baggage fees and other stresses of flying.</p>
<p><em>Forbes</em> discusses how to <a href="http://www.forbes.com/2010/08/19/steven-slater-jetblue-workplace-outburst-leadership-managing-advice.html?boxes=leadershipchannellatest" target="_blank">avoid have a Steven Slater incident</a> in your own organization.</p>
<p>Ohio.com has a story explaining how to <a href="http://www.ohio.com/business/101247344.html" target="_blank">resist the urge</a> to have a Steven Slater moment.</p>
<p>Yes, the whole incident has been a circus, but we&#8217;re seeing some thoughtful analysis and advice coming out of what is becoming a teachable moment.</p>
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		<title>Choosing what you love</title>
		<link>http://www.professionaljourney.com/2010/08/21/choosing-what-you-love/</link>
		<comments>http://www.professionaljourney.com/2010/08/21/choosing-what-you-love/#comments</comments>
		<pubDate>Sat, 21 Aug 2010 22:34:36 +0000</pubDate>
		<dc:creator>Staff</dc:creator>
				<category><![CDATA[Your Career]]></category>
		<category><![CDATA[Your Education]]></category>
		<category><![CDATA[ad industry]]></category>
		<category><![CDATA[career in filmmaking]]></category>
		<category><![CDATA[cheap revolution]]></category>
		<category><![CDATA[choose what you love]]></category>
		<category><![CDATA[cloud computing]]></category>
		<category><![CDATA[cool careers]]></category>
		<category><![CDATA[cool jobs]]></category>
		<category><![CDATA[find a new career]]></category>
		<category><![CDATA[love what you do]]></category>
		<category><![CDATA[love your work]]></category>
		<category><![CDATA[making TV commercials]]></category>
		<category><![CDATA[new career]]></category>
		<category><![CDATA[passion for your work]]></category>
		<category><![CDATA[passion vs steady paycheck]]></category>
		<category><![CDATA[reinventing yourself]]></category>
		<category><![CDATA[Rich Karlgaard]]></category>
		<category><![CDATA[second career]]></category>
		<category><![CDATA[social media]]></category>
		<category><![CDATA[steady paycheck]]></category>

		<guid isPermaLink="false">http://www.professionaljourney.com/?p=144</guid>
		<description><![CDATA[The recession has been difficult for many people, but it has been particularly difficult for anyone who has lost their job.
Some are taking matters into their own hands and using a job loss as an opportunity to find a new career doing something they love. I understand this isn&#8217;t a real option for everyone. Paying [...]]]></description>
			<content:encoded><![CDATA[<p>The recession has been difficult for many people, but it has been particularly difficult for anyone who has lost their job.</p>
<p>Some are taking matters into their own hands and using a job loss as an opportunity to find a new career doing something they love. I understand this isn&#8217;t a real option for everyone. Paying the bills and supporting a family in the short term always come first.</p>
<p>That said, many people who lose their jobs <em>are</em> in a position to re-evaluate their jobs and careers and change course. If you can create a situation where you love your work, you can lead a much happier and productive life.</p>
<p><em>BusinessWeek</em> addressed this issue in a <a href="http://www.businessweek.com/managing/content/aug2010/ca2010084_450584.htm" target="_blank">recent article</a> and also explained how certain developments can accelerate this trend. The article posed the issue as choosing between your passion vs a steady paycheck.</p>
<blockquote><p>After more than a decade in the advertising business, Erik Proulx found himself on the wrong end of a pink slip. What most people might have deemed a setback, though, he saw as an opportunity. Instead of looking for another job making TV commercials, Proulx dove into a longtime dream: filmmaking. Last December he released a documentary called Lemonade, which chronicles the lives of ad industry veterans who reinvented themselves after being laid off: a coffee roaster, a nutrition coach, an artist, and others who, like Proulx, decided to pursue their passions rather than return to careers that were no longer inspiring.</p>
<p>With the unemployment rate apparently stuck at or near double digits, more people seem to be choosing a passion over a steady paycheck. Rather than waiting for companies to open up their payrolls, these people are taking matters into their own hands and defining their own jobs, going online to find each other, leverage each other&#8217;s capabilities and services, and learn faster by working together. That is a big risk, but these people realize that they&#8217;ll be far happier if they can find something they love doing and figure out creative ways to make a living from it. Focusing on work that offers greater meaning makes it easier to withstand the perils and roadblocks they will face as they leave the corporate fold. </p></blockquote>
<p>The author then explores whether this new trend is sustainable and whether it can spur economic growth. He cites two significant factors that will push this along &#8211; <a href="http://www.linkedandloaded.com/tag/cloud-computing/" target="_blank">cloud computing</a> and <a href="http://www.linkedandloaded.com/category/social-media/" target="_blank">social media</a>. The answers are fairly obvious, but the article is worth reading. Also important is something called the cheap revolution championed by writers like <a href="http://search.forbes.com/search/colArchiveSearch?author=Karlgaard" target="_blank">Rich Karlgaard</a>.</p>
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		<title>A look at for-profit college EDMC</title>
		<link>http://www.professionaljourney.com/2010/08/21/a-look-at-for-profit-college-edmc/</link>
		<comments>http://www.professionaljourney.com/2010/08/21/a-look-at-for-profit-college-edmc/#comments</comments>
		<pubDate>Sat, 21 Aug 2010 21:59:49 +0000</pubDate>
		<dc:creator>Staff</dc:creator>
				<category><![CDATA[Your Education]]></category>
		<category><![CDATA[arts career]]></category>
		<category><![CDATA[arts jobs]]></category>
		<category><![CDATA[cooking career]]></category>
		<category><![CDATA[cooking jobs]]></category>
		<category><![CDATA[culinary degree]]></category>
		<category><![CDATA[EDMC]]></category>
		<category><![CDATA[fashion career]]></category>
		<category><![CDATA[fashion jobs]]></category>
		<category><![CDATA[for-profit college]]></category>
		<category><![CDATA[for-profit college fraud]]></category>
		<category><![CDATA[for-profit college investigation]]></category>
		<category><![CDATA[for-profit college scam]]></category>
		<category><![CDATA[for-profit college tuition]]></category>
		<category><![CDATA[Goldman Sachs]]></category>
		<category><![CDATA[student debt]]></category>
		<category><![CDATA[student debt crisis]]></category>
		<category><![CDATA[student loans]]></category>

		<guid isPermaLink="false">http://www.professionaljourney.com/?p=142</guid>
		<description><![CDATA[BusinessWeek has a recent profile on for-profit college EDMC and the involvement of Goldman Sachs. The article is balanced, as they gave EDMC the opportunity to present success stories, but many of the stories are unfortunately similar to others we&#8217;ve heard regarding for-profit colleges &#8211; too many students paying huge tuition costs, racking up huge [...]]]></description>
			<content:encoded><![CDATA[<p><em>BusinessWeek</em> has a recent <a href="http://www.businessweek.com/magazine/content/10_33/b4191066612953.htm" target="_blank">profile on for-profit college EDMC</a> and the involvement of Goldman Sachs. The article is balanced, as they gave EDMC the opportunity to present success stories, but many of the stories are unfortunately similar to others we&#8217;ve heard regarding for-profit colleges &#8211; too many students paying huge tuition costs, racking up huge student loans, and then not being able to get high-paying jobs they expected (or were sold on by recruiters). One student profiled in the article got a bachelor&#8217;s degree in game art and design at EDMC for a cost $70,000 in tuition and fees. After she graduating she got a job that paid $12 an hour recruiting employees for video game companies. She eventually lost that job and now she&#8217;s stripping.</p>
<p>We&#8217;re seeing more and more lawsuits in this area, and the article points out some lawsuits against EDMC. Changes are also coming from the Obama administration.</p>
<blockquote><p>On July 23, the Obama Administration proposed restricting—and in extreme cases, cutting off entirely—programs whose graduates end up with the highest debts relative to their salaries and have the most trouble repaying their student loans. EDMC will be affected more than most other for-profit companies because of its focus on &#8220;passion&#8221; fields, such as art and cooking, rather than more practical accounting or business degrees, says Jeffrey M. Silber, an analyst with BMO Capital Markets in New York. Cooking, fashion, and arts jobs tend to have low starting salaries: A beginning cook, for example, earns an average of $18,000 a year, according to U.S. Bureau of Labor Statistics data, while a two-year culinary degree can cost $40,000 to $50,000. EDMC spokeswoman Jacquelyn P. Muller says Art Institute students tend to earn more, with those holding culinary degrees starting at $28,000.</p></blockquote>
<p>You have to do your research if you&#8217;re thinking of attending one of these schools, and <em>don&#8217;t</em> fall for high-pressure sales tactics!</p>
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		<title>ABC News investigates for-profit colleges</title>
		<link>http://www.professionaljourney.com/2010/08/19/abc-news-investigates-for-profit-colleges/</link>
		<comments>http://www.professionaljourney.com/2010/08/19/abc-news-investigates-for-profit-colleges/#comments</comments>
		<pubDate>Thu, 19 Aug 2010 18:30:57 +0000</pubDate>
		<dc:creator>Staff</dc:creator>
				<category><![CDATA[Your Career]]></category>
		<category><![CDATA[Your Education]]></category>
		<category><![CDATA[for-profit college]]></category>
		<category><![CDATA[for-profit college debt]]></category>
		<category><![CDATA[for-profit college fraud]]></category>
		<category><![CDATA[for-profit college investigation]]></category>
		<category><![CDATA[for-profit college scam]]></category>
		<category><![CDATA[for-profit college tuition]]></category>
		<category><![CDATA[student debt]]></category>
		<category><![CDATA[student debt crisis]]></category>
		<category><![CDATA[student loan reform]]></category>
		<category><![CDATA[student loans]]></category>
		<category><![CDATA[University of Phoenix]]></category>

		<guid isPermaLink="false">http://www.professionaljourney.com/?p=139</guid>
		<description><![CDATA[ABC News has been investigating for-profit colleges like University of Phoenix, and they found plenty of evidence of problems similar to other for-profit college scams.

Ads for online schools are all over the Internet, plastered on billboards in subway cars and on television. The University of Phoenix, with nearly 500,000 students, is the biggest for-profit college. [...]]]></description>
			<content:encoded><![CDATA[<p>ABC News has been <a href="http://abcnews.go.com/TheLaw/profit-education-abc-news-undercover-investigate-recruiters-university/story?id=11411379" target="_blank">investigating for-profit colleges</a> like University of Phoenix, and they found plenty of evidence of problems similar to other <a href="http://www.professionaljourney.com/2010/03/13/for-profit-college-scams/">for-profit college scams</a>.</p>
<blockquote><p>
Ads for online schools are all over the Internet, plastered on billboards in subway cars and on television. The University of Phoenix, with nearly 500,000 students, is the biggest for-profit college. But some former students said they were duped into paying big bucks and going deeply in debt by slick and misleading recruiters. </p>
<p>&#8220;I don&#8217;t want anyone else to be sucked in,&#8221; said Melissa Dalmier, 30, of Noble, Ill.</p>
<p>The mother of three had big dreams to be an elementary school teacher, so when she saw ads for the University of Phoenix pop-up on her computer, she e-mailed them for more information. A few minutes later, Dalmier said she got a call from one of the school&#8217;s recruiters, who she said told her that enrolling in the associate&#8217;s degree in education program at the University of Phoenix would put her on the fast-track to reaching her dream.</p>
<p>&#8220;[The recruiter said] they had an agreement with Illinois State Board of Education and that as soon as I finished their program I&#8217;d be ready to start working,&#8221; she recalled.</p>
<p>Within 15 minutes, Dalmier was enrolled. Since she didn&#8217;t have enough money to pay for tuition, she said the recruiter helped her get federal student aid. In total, she took out about $8,000 in federally-guaranteed student loans. </p>
<p>But just a few months after Dalmier started, she said she learned the horrible truth: the degree program she was enrolled in would not qualify her to become a public school teacher upon graduation in Illinois.</p>
<p>&#8220;It was an outright lie. A bold faced lie,&#8221; she said.</p></blockquote>
<p>ABC News did its own undercover investigation, and found the same despicable practices. Recruiters also push prospective students to load up on the student loans. Read the rest of the story and check out this video.</p>
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