Category: Your Career (Page 54 of 62)

Workers Stop Retiring, Gen Y Starts Worrying

Gen Y_I Need a Job

If you take a look at Census Bureau data on why any given industry may experience job growth over a period of 10 years, retirement is usually listed as one of the reasons why certain fields will have an impressive percentage of job openings for the decade. But according to a new analysis by a senior research associate at the Employee Benefit Research Institute, “the median length of time on the job rose markedly during the recession, as fearful workers—particularly baby boomers—clung to their existing positions and a few new employees were hired on.”

The analysis, by Craig Copeland, is based on the Census Bureau’s Current Population Survey, which asks Americans about their job tenure every two years.

As of January 2010, workers reported they had been on the job a median of 5.2 years, up from 4.9 years in 2006. In 2010, 29.8% of all workers said they had been on the job for 10 years or more, up from 26.7% in 2006.

Among men aged 60 to 64 still working full time, 56.8% had held their current job for 10 years or more, up from 48.1% in January 2006 and 52.4% in January 2008. Such numbers indicate that aging boomers understand that finding a new job is tough for older folks. Indeed, according to a new analysis by the AARP of Department of Labor Statistics’ average duration of unemployment for older laid-off job seekers rose to 44.9 weeks in October.

Even in 2008, “people were switching careers,’’ says Copeland. “We even had a program where we were looking at how large employers were trying to retain their employees. But once the recession hit, that wasn’t a problem. Workers weren’t retiring.”

Other scary news for older Gen Y’ers and graduating seniors is: baby boomers are not the only workers holding on to their jobs. All workers are holding on to their jobs to avoid competing with, well, college graduates, older Gen Y’ers, and the more than 4.2 million unemployed workers currently looking for jobs.

Although the recession is officially over, Copeland is quick to remind Americans that, “the unemployment rate has barely budged; it stood at 9.8% in November compared to 10% the year before.”

For more information about the job outlook for all careers for the 2008-2018 decade, visit the Bureau of Labor Statistics, Occupational Outlook Handbook at  http://www.bls.gov/oco/.

Career Spotlight: Travel Nurse

Travel Nurse_Article

The list of endangered careers continues to grow as the economy slowly rebuilds and technology continues its takeover. Careers ranging from administrative assistants to computer operators are quickly becoming obsolete. As a result, everyone from college graduates to 50-somethings returning to the workforce must scramble to find a solid career that “they” just can’t take away from them. That solid career can be found in the healthcare industry.

Yes, it’s true. One of the most solid industries for job growth today is the healthcare industry. Healthcare jobs overall account for 26 percent of all new jobs created in the U.S. today. At 2.6 million, registered nurses (RN) make up the largest group of healthcare professionals in the nation. This nearly 3 million strong workforce is expected to grow by 22 percent between now and  2018, adding more than half a million new jobs to talent pool. This figure represents the largest number of new jobs for any occupation in the nation.

Within this lucky throng of health professionals are travel nurses. This area of nursing is expected to expand by 33 percent for the 2008-2018 decade. According to Vice President of Recruitment for American Traveler, Mary Kay Hull, the reason travel nurses are so attractive to healthcare employers is simple:

her company has more healthcare employers turning to healthcare staffing agencies to fill open positions as reform mandates put the squeeze on employer operating budgets. This means that as more healthcare jobs come available, establishing a strong relationship with a high-level agency can potentially move qualified candidates to the head of the line, especially at agencies with preferred vendor status at high-volume facilities.

Besides Hull’s Boca Raton, Florida based travel nurse agency, there are more than 300 travel nursing agencies in the U.S. today and just about every hospital, home health care service, retirement community, nursing home, and mental health facilities use travel nurses. Because the demand for travel nurses has resulted in an increase in the number of agencies available across the nation,  agencies are in fierce competition when it comes to recruiting. This competition continues to drive travel nurse salaries and benefits up.

Man and Nurse

Travel nurses typically earn 15 percent more than home-based nurses. It is not uncommon for an agency to pay thousands of dollars for a single assignment that lasts only several weeks. Travel nurses earn an average salary of $83,200 per year. Median annual wages of home-based registered nurses is around $62,450 per year. Most travel nurse agencies offer signing bonuses, referral bonuses, and bonuses upon completion of an assignment.

Other travel nurse perks include the opportunity to visit different parts of any given state or different parts of the country every few weeks, a free private apartment or accommodations while traveling, a travel allowance or reimbursement for travel (tax free), and free health, life, and dental insurance. Many agencies also offer licensure reimbursement, AAA Membership, and unlimited free CEU credits while on assignment.

It is important to note that some hospitals may hire travel nurses directly. In these cases the travel nurse will report to the HR department of the hospital to receive his or her assignment as frequently as is required. In some cases, the assignment may change daily, in others it may change weekly or monthly. Agency travel nurses may report to the travel nurse agency on a daily, weekly, monthly or bi-monthly basis, depending on the length of the assignment. The length of assignment varies greatly by agency and geographic location, but many travel nurses report that their average assignment is 13 weeks.

To keep up with the latest news and trends in travel nursing visit www.travelnursing.com.

Career Lessons from a Bevy of Late Bloomers

Late_Bloom

Whether the economy has forced you to flip flop between careers, or you wake up one morning to find yourself lagging at least a decade behind your peers, starting over in new career is never (ever) a negative thing. Famous late bloomers like The View co-host Joy Behar and the world’s top tenor Andrea Bocelli did not decide on a definite career until well after ages 40 for Joy and 30 for Bocelli. In fact, most late bloomers spend decades doing things they dislike before that inevitable Aha! moment.

What does all of this mean for the millions of men and women that are forced to make a career change each year? Well, what you decide to do after you’ve lost your bonus-laden banking job or that “newly created” position at a non-profit, just might be your true calling. So, how do you go about making a somewhat smooth transition? Do you quit your day job and dive right in? Do you wait for your pink slip and severance package before taking the plunge? Or, do you wait until you’ve called in sick one too many times to realize your career has run its course? This is a decision you have to make on your own, but in making it, you should consider everything from how you truly feel to what your finances can accommodate—within reason.  In the meantime, here’s how the famous and not so famous did it, so take notes.

Joy Behar, 68, from teacher to comedian to talk show host.

TV Behar HLN Show

Joy Behar was a high school English teacher before she became a comedian. She was 40 years old before she realized she was always the funny one at parties. She started doing stand-up and the rest is history. Joy has this advice for you, “people should do what they loved to do when they were 10—the age before you start caring what others think.”

Patricia Kline, 50, from marketing executive to baker.

After her mother died, Patricia Kline of Menlo Park, California turned to the childhood ritual she’d shared with her mom—baking.  At age 49, Ms. Kline had lost her mother, and due to a faltering economy, the business she’d shared with her husband was officially over. She had been the company’s head of marketing and operations. Before helping her hubby build business relationships, Kline was a Silicon Valley communications executive. Patricia decided that she would not return to her PR roots. Instead, she became a baker, selling her famous pies from a coveted spot at her local farmers’ market. Patricia does special orders too and she has this advice for late bloomers and anyone wanting to make a career change, “when you lose so much, you discover that your identity isn’t made up of material things—it’s about what you can do with your brain and enthusiasm. Now {is} the time to take a chance and do something with pasion.”

Al Franken, 60, from SNL to U.S. Senator.

abc_franken_080627_mn

“I’m good enough, I’m smart enough, and dog gone it, people like me.” Need we say more?

Tammy Mack-Lowe, 35, from investment banker to stylist.

After college, Tammy Mack-Lowe did what other graduates in her major did—she took a job at Chase Bank. She spent 10 years in the foreign exchange and commodities group. When the market went south, Chase offered her a severance package. With it, she returned to her childhood dream of becoming a force to be reckoned with in the fashion industry. Tammy took her severance and savings and started a career as a stylist and personal shopper. Mack-Lowe saw losing her job as an opportunity to do what she always loved, yet as a college graduate, she just didn’t have the confidence or cash to do it.

Today, instead of crunching numbers in a conservative environment filled with cubicles and late afternoon coffee runs, Mack-Lowe’s days now consist of dressing models at photo shoots, dragging shopping bags filled with clothes for her clients around the streets of Manhattan, and searching for the fiercest fashions she can get her hands on for everything from socialites to Grammy nominees. Tammy has this advice for budding entrepreneurs and corporate castaways, “there’s a hierarchy in a corporation—you know where you stand. But in your own business, sometimes you’re meeting with CEOs, and sometimes you’re taking out the trash. You have to be disciplined—and suspend your ego.”

Andrea Bocelli, 52, from attorney to tenor.

Bocelli

Andrea Bocelli studied law at the University of Pisa, graduating as a Doctor of Law. He worked as a court-appointed lawyer before being discovered in 1992. Bocelli offers this advice, “I came to believe that if you have a gift, you have an obligation to share it with others. It’s as simple as that.”

Image Credits

Late Bloomer, 2.bp.blogspot.com
Al Franken, ABCnews.go.com
Joy Behar, CBSnews.com
Andrea Bocelli, lyricspond.com

GM and Chrysler to add a combined 2,000 jobs in Detroit

2011_cadillac_cts_v_coupe

Here’s some great news on the jobs front.

General Motors Co. and Chrysler Group LLC will be hiring engineers and other technical staff, creating a combined 2,000 high-tech jobs.

GM will add 1,000 engineers and researchers in Michigan over the next two years to work on technology behind vehicles like the Chevrolet Volt. And Chrysler said it is actively recruiting on 35 college campuses and encouraging resumes in a bid to add the professionals by April of next year.

The new Chrysler hires are for the automaker’s global work force, but most will be located at the Auburn Hills headquarters and technical center.

At GM, the new hires will work to expand GM’s vehicle electrification expertise to lead in the development of hybrids to electric vehicles with extended-range capability like the Volt.

The auto bailout last year was very unpopular at the time, but it’s clear now that it’s a huge success following the GM IPO, the success of GM and Chrysler and the fact that the auto companies are hiring again. Thousands of jobs were saved, and now new jobs are being created.

Only 22 percent of students at for-profit colleges graduate

We’ve done a number of posts about for-profit college scams, so we aren’t too surprised by the terrible graduation rates reported in a new study.

For-profit colleges graduated an average of 22 percent of their students in 2008, according to a new report from Education Trust.

That average palls in comparison to bachelor’s-seeking graduation rates at public and private non-profit colleges and universities for the same year, which averaged 55 percent and 65 percent, respectively.

The report, titled “Supbrime Opportunity” (PDF) also reveals that for-profit colleges increased their enrollment by 236 percent from 1998 to 2009.

The median debt of for-profit college graduates — $31,190 — far outpaces that of private non-profit college graduates, which stands at $17,040, and is more than triple the median debt for those from public colleges, which is $7,960.

The government has helped to create this monster with easy access to student loans for these institutions, who now have the incentive to accept as many students as possible. Then they make money regardless of whether they provide value to their students.

Fortunately, the Obama administration has proposed new rules to make it more difficult for many of these for-profit colleges to waste taxpayer dollars.

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